REALTORS® notice deadline for SB 1380 extended to July 31

IARbuzz.com Blog - Thu, 07/02/2015 - 3:56pm
For the second time in about a month, the Illinois House has extended the deadline for consideration of Senate Bill 1380. This time, the deadline is July 31. According to today’s IAR State Capitol Report, the bill amends two sections … Continue reading →

IAR office closed Friday for Independence Day

IARbuzz.com Blog - Thu, 07/02/2015 - 12:00pm
The Illinois Association of REALTORS® wishes you a safe and happy Independence Day holiday. The IAR office, IAR Legal Hotline and IAR Transaction Helpline will be closed Friday, July 3, in observance of the holiday. All will reopen on Monday, July 6. … Continue reading →

REALTORS® must spread word about $60K for housing assistance for June tornado victims

IARbuzz.com Blog - Thu, 07/02/2015 - 10:17am
The National Association of REALTORS® set aside $60,000 to provide mortgage and rent assistance to victims of June 22 tornadoes in northern Illinois through the NAR REALTORS® Relief Foundation. REALTORS® can help distribute applications locally so victims can apply for … Continue reading →

REEF announces 26 college scholarship winners

IARbuzz.com Blog - Tue, 06/30/2015 - 1:20pm
The not-for-profit Illinois Real Estate Educational Foundation (REEF) announced 26 winners of academic scholarships for the 2015-16 school year, worth a total of $28,000. Stacy Webber of Pesotum is the recipient of the 2015 Morgan L. Fitch Scholarship ($2,000), and … Continue reading →

CIPS course offered July 22

IARbuzz.com Blog - Tue, 06/30/2015 - 12:00pm
The Illinois Association of REALTORS® is proud to partner with the Mainstreet Organization of REALTORS® to offer the first course of the CIPS Designation series, Global Real Estate: Local Markets (6 hours CE Elective, RB7005-564001070) on July 22 in Downers Grove. The CIPS designation … Continue reading →

Today’s the day for associations to meet NAR core standards

IARbuzz.com Blog - Tue, 06/30/2015 - 11:05am
Today marks the deadline for a national effort to have local and state REALTOR® associations meet a set of standards for service to members. The NAR’s Organizational Alignment Core Standards outlines requirements that associations must meet, ranging from attention to … Continue reading →

Morning Minute: U.S. pending home sales at highest level in nine years, NAR says

IARbuzz.com Blog - Mon, 06/29/2015 - 9:53am
Pending home sales rose higher in May, according to the latest Pending Home Sales Index released today from the National Association of REALTORS® (NAR). Edging 0.9 percent higher than last month and 10.4 percent than a year ago, the pending … Continue reading →

Story can help you and your buyers avoid financial roadblocks

IARbuzz.com Blog - Mon, 06/29/2015 - 8:00am
Watch your mailbox for the July edition of Illinois REALTOR®, which includes a feature story about helping buyers avoid obstacles with mortgages. Look for the story titled “Helping Buyers Navigate the Mortgage Maze.” It’s one of several informative articles you’ll … Continue reading →

U.S. Supreme Court Rules on Texas ‘Disparate Impact’ Case

IARbuzz.com Blog - Fri, 06/26/2015 - 3:47pm
On June 25, 2015, the U.S. Supreme Court issued its opinion in the case entitled, Texas Department of Housing and Community Affairs et al. v. Inclusive Community Project, Inc., et al., examining the question of whether “disparate impact claims are … Continue reading →

IAR Takes Another Step into Global Realm

IARbuzz.com Blog - Fri, 06/26/2015 - 2:41pm
On behalf of Illinois Association of REALTORS® President Jim Kinney, IAR Global Working Group Staff Liaison Sharon Gorrell, participated in the June 26 ceremonial signing of a memorandum of understanding between IAR and La Asociacion Mexicana de Profesionales Inmobiliarios (AMPI) … Continue reading →

Morning Minute: Chicago makes list of housing markets with healthiest outlooks

IARbuzz.com Blog - Fri, 06/26/2015 - 11:41am
Chicago, Cincinnati and Cleveland are three major metros with the healthiest housing market outlooks, according to the latest Health of Housing Markets report from Nationwide Economics. The report determines housing market health by looking at employment, demographics, the mortgage market … Continue reading →

Illinois REALTOR® story offers 6 mortgage ideas to consider

IARbuzz.com Blog - Fri, 06/26/2015 - 8:00am
Check the July issue of Illinois REALTOR® to find six ways to help buyers get mortgage financing this summer. The story, “Show them the money: Mortgage options that could help your buyers get into homes,” could provide you with timely … Continue reading →

REALTORS® can listen to IAR’s TRID legal webinar

IARbuzz.com Blog - Thu, 06/25/2015 - 5:18pm
IAR members who log in and listen to the audio recording of today’s Legal Webinar “Are you ready for TRID?” will be better prepared to answer questions from clients in the coming weeks. Members can also view the PowerPoint presentation … Continue reading →

IAR, local associations ready to help latest Illinois tornado victims

IARbuzz.com Blog - Thu, 06/25/2015 - 4:08pm
While local REALTOR® associations work with community leaders to find the best ways to help this week’s tornado victims in communities like Coal City, Sublette and Mendota, IAR members and non-members can also contribute to the Illinois REALTORS® Relief Foundation … Continue reading →

Secrets of ‘No Error Transactions’

IARbuzz.com Blog - Thu, 06/25/2015 - 11:33am
IAR Legal Transactions Attorney Jeffrey T. Baker answered questions and coached REALTORS® on having “No Error Transactions” during his presentation at MREDPalooza on June 23, 2015 in Rosemont, Illinois. Here are some of the top take-aways and best practices from that … Continue reading →

IAR offers members Legal Webinar Thursday morning about TRID

IARbuzz.com Blog - Wed, 06/24/2015 - 10:27am
REALTORS® – Get your questions answered about changes to the Truth In Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures during the IAR Legal Webinar at 9:30 a.m. tomorrow. IAR Transaction Helpline Attorney Jeff Baker and … Continue reading →

Morning Minute: First-time buyers returning to summer housing market

IARbuzz.com Blog - Wed, 06/24/2015 - 10:25am
The number of first-time homebuyers picked up in May and helped drive U.S. home sales higher for the month, the National Association of REALTORS® (NAR) reports. In fact, first-time buyers rose to 32 percent in May, marking the highest market … Continue reading →

Scenes from MREDpalooza #MP2015

IARbuzz.com Blog - Tue, 06/23/2015 - 2:15pm
It’s MREDpalooza at the Donald E. Stephens Convention Center in Rosemont today and the Illinois Association of REALTORS® (IAR) — one of the sponsors of the event — is there. IAR Transaction Helpline Attorney Jeffrey T. Baker is presenting the session, “No … Continue reading →

Could USDA Rural Development programs be right for your clients?

IARbuzz.com Blog - Tue, 06/23/2015 - 10:25am
On Monday, the Illinois Association of REALTORS® hosted an educational webinar by USDA Rural Development representatives that outlined details regarding the Single Family Guaranteed Loan Program and the Single Family Direct Home Loans Program. If you have clients who are … Continue reading →

Cover story: Get ready for TILA-RESPA Integrated Disclosure

IARbuzz.com Blog - Tue, 06/23/2015 - 8:30am
Be prepared for the changes coming to real estate transactions in Illinois and read the cover story of the July Illinois REALTOR®. The online version of the story “TILA-RESPA Integrated Discosure: Are you ready?” will help you better understand the … Continue reading →
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