Weekly 4-2-13

Illinois REALTOR® Weekly Connection

April is Fair Housing Month

Fair housing is a serious matter. This April marks the 45th anniversary of the landmark Fair Housing Act. Show your commitment to fair housing and offering equal housing protection to all this month and throughout the year. Find fair housing resources and the Fair Housing Declaration.

IAR Legal Counsel covers a new federal fair housing rule related to "disparate impact" or "discriminatory effect" in the latest legal webinar now available for download (login required). And in the April Illinois REALTOR® magazine, IAR Legal Hotline Attorney Betsy Urbance answers a fair housing-related rental question.

Industry News & Trends

NEW! IDFPR Changes Phone Number for Licensing Questions

Effective immediately the Illinois Department of Financial and Professional Regulation (IDFPR) toll-free number for licensing questions is 1-800-560-6420. The number distributed in Weekly Connection last week is no longer valid.

Drilling, Fracturing, and Real Estate, Oh My!

Members from throughout Illinois came together for the first meeting of IAR’s new task force on hydraulic fracturing and horizontal drilling. The task force will look into how this form of energy extraction, both and oil and gas, effects property ownership, rights and the practice of real estate. They heard from several speakers, including State Rep. John Bradley, to begin on a project that will result in a recommendation to IAR Leadership

Register by April 3 for IAR Housing Leaders Conference and Capitol Conference 

Save your spot at the IAR Housing Conference on April 15 in Springfield featuring sessions on the new housing economy and regulatory issues and opportunities. Illinois Governor Pat Quinn and Attorney General Lisa Madigan have been invited as keynote speakers. Then on April 16 join hundreds of Illinois REALTORS® for the annual IAR Capitol Conference where you'll get to meet with Illinois lawmakers and lobby for private property and business rights. Register now!

Higher FHA Premiums Effective April 1

As of Monday, the annual fee for mortgage insurance premiums on most FHA loans will increase by 0.1 percent. 

Easier Fannie and Freddie Mortgage Modifications Ahead?

Beginning July 1 mortgage loan modifications through Fannie Mae and Freddie Mac could get easier through a simplified process that eliminates the requirement that homeowners first provide financial and hardship documentation. Read more at the IARbuzz blog.

NAR: Pending Home Sales Slip with Limited Inventory Available

Nationally, the Pending Home Sales Index dipped 0.4 percent in February due to a dwindling supply of inventory in some areas, according to NAR. It did remain higher than a year ago at this time and in the Midwest, the index rose 0.4 percent compared to a month ago.

CoreLogic: Shadow Inventory Down 28 Percent from Peak

The U.S. supply of shadow inventory fell to 2.2 million units in January, a 28 percent drop from its peak in January 2010, according to a new report from CoreLogic.

Still Time to Register for Remaining IAR Broker Management CE Webinar

Managing brokers, get the 12 hours of of broker management continuing education credit you may need by the April 30 deadline. (Broker Management CE is only required if you transitioned your license by Proficiency Exam). Register now for the final IAR class on April 26-27 (Friday/Saturday), with Instructor Norm Willoughby. IAR offers an interactive webinar format or you can attend the classroom session at IAR's Springfield office. Learn more.

License Renewal Q & A and More

Find the new Q & A for answers to your license renewal questions. You also can take the proctored exam for the IAR Broker Management CE Webinars at one of 13 convenient kiosk locations

Sales & Marketing

April 24 Learn Over Lunch Webinar: Listing Presentations that Work Every Time

During a one-hour webinar for IAR members only, speaker Greg Herder will share tips for taking control and directing the outcome of your listing presentations so that you get the results you want every time. Click here for information on joining the webinar.

Eighteen Tips for Cleaning a Home's Exterior in Time for a Spring Sale

Cleaning and polishing the front door's hardware and making sure house numbers are in good shape and visible from the street are just a few of the things sellers can do to get their house ready for the spring market. Find 18 ideas in a blog post from NAR's Styled, Staged & Sold blog. 

REALTORS® Celebrate 100 Years of Code of Ethics

Help mark the occasion and show the public your support of "The Code" through social media by adding one of these Facebook cover images


April 3

Deadline to register for Illinois Housing Leaders Conference, Capitol Conference "REALTOR® Lobby Day" and order dinner tickets for the ROTY Banquet.

April 15-16

The Illinois Housing Leaders Conference and the Capitol Conference "REALTOR®" Lobby Day" will be held in Springfield.  

April 16-18

IAR Business Meetings will be held in Springfield. 

April 17

REALTOR® of the Year Banquet. Join the Illinois Real Estate Educational Foundation and IAR in honoring the 2013 Illinois REALTOR® of the Year and all local Board REALTORS® of the year on April 17 in Springfield. Order your dinner ticket by April 3

April 17

RPAC Stick Horse Derby will be held immediately following the ROTY banquet.

April 26

IAR Multicultural Summit: Opportunities in the Caribbean and South Africa will be held in Oak Brook.