2012 HUD Directive Misinterpreted on Selling Broker Fees
Have you been told recently as a buyer agent that collecting a commission from both HUD and the Buyer (per buyer agreement) is prohibited?
This month, Richelle Cohen Mossler, IAR General Counsel, helps decode the HUD directive to ensure you do not misinterpret it in your daily business practice. More
Legal Hotline: Purchase Agreements
The Legal Hotline is
a members-only risk management tool offered by the Indiana Association of
REALTORS®. Through the hotline, you can receive timely legal information
to help you in your daily real estate practice.
Kelly Shonborn, IAR Senior Staff Counsel, discusses some of the most common questions regarding arguably the most widely used form in the IAR Residential Library, the Purchase Agreement. More
Countdown to Conference - Sarah Fisher & Doug Devitre
Registration for the 2012
Conference & Expo is now open! Each Advocate from now until the
conference begins will highlight programs and speakers that you won’t want to
For more information on conference programming and to register, check out the conference website.
2012 Recognition Lunch keynote speaker
Entrepreneurship & Motivational Success
Mobile Sales Presentation
Broker Transition Course Now Available
RECP has just launched its 24-hour broker transition course. Licensed Indiana real estate salespersons must upgrade their license to broker status by July 1, 2014. Transition your license in three steps: 1) Enroll today in RECP's 24-hour broker transition course for $185. 2) Complete the course (100% attendance is required) and pass the state exam administered at the end of the course. 3) Apply to the State of Indiana for a broker license.
Next course is September 5-7 in Indianapolis. Class meets 8am - 5pm for three consecutive days. Or take the OnDemand (online) course at your own pace from your home or office.
That Pesky 3.8% Tax
Now that the Supreme Court has upheld the health care
legislation, all of its major provisions remain in effect, including the new 3.8%
tax that was designed to affect upper income taxpayers. The tax is NOT a
transfer tax on real estate sales and similar transactions. The tax applies
to investment income, defined as interest, dividends, capital gains and net
rents for ONLY on those with more than $200,000 of Adjusted Gross Income (AGI)
($250,000 on a joint return).
Not long after the tax was enacted, erroneous and misleading
documents went viral on the Internet and created a great deal of
misunderstanding and made the tax into something far more draconian than the
actual provisions. REALTORS® should familiarize themselves with the tax,
but should not advise their clients about the application of the tax. Want
more information? Read,
watch a video
or download brochure
Indiana Association of REALTORS® 2012 Conference & Expo
Sheraton Hotel & Suites
2012 NAR Conference & Expo
2012 IAR Board of Directors Election
September 25th – 27th
Candidates to be posted by: September 1st
Deadline: August 15th
Membership Counts Here
REMEMBER: Your ballot will come by e-mail, so please take the
time to ensure a correct e-mail address is on file for you in the National
REALTORS Database System (NRDS). Visit realtor.org
All members are encouraged to
consider applying for a seat on the board. Those currently serving, whose terms expire, may submit
an application for re-election if they are not noted as having fulfilled the
maximum terms allowed under term limits. For more information and to apply,
visit the Governance
page of indianarealtors.com.
IRLA Application Deadline Extended
Indiana REALTORS® Leadership Academy (IRLA) empower you to maximize your
leadership potential within the Indiana Association of REALTORS® (IAR), your
local REALTOR® Associations/Boards and your community. Find out more about
the program here.
The application deadline for the 2012-2013 class has been extended to August 15th.
GRI Council Vacancy
helping to maintain the integrity and strength of the Graduate REALTOR®
Institute program? The GRI Council of Advisors is preparing to elect new
members to serve on the council for a three-year term. REALTORS with a GRI
designation must apply by August 15.