Indiana REALTOR Advocate
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INDUSTRY EVENTS

A special note to our real estate salesperson licensed members:  the deadline to upgrade your license to broker status is June 30, 2014. The state of Indiana will not handle that deadline like retail in December, meaning you will not get an email the day after saying Extended! or Extra day to renew! or Last last chance! Instead, on July 1st, your license will be invalidated and you will be required to complete a 90-hour pre-licensing course before participating in another transaction. Find out why you should take action now and how RECP can help.

Focus on Legal Affairs

Focus On Legal Affairs

Be Aware:  Pocket Listings Raise Legal and Ethical Flags
A pocket listing is one not entered into the listing service. Done for a number of reasons and handled in a few different ways, pocket listings raise legal and ethical flags about which all members need to be aware. Watch this five-minute video jointly produced by IAR and RECP for more on the types of pocket listings, the reasons they’re used and how to keep them legal and ethical.

Residential Forms Changes Announced for 2014
Slight revisions to the residential Purchase Agreement and Listing Contract are being made for 2014. And some new forms will be available January 1st including an Agreement Regarding Personal Property, an Amendment to Lease Agreement and a Supplemental Indemnification Agreement. Find out more here

Commercial Forms Changes Announced for 2014
Five new commercial forms will be available in January. Those forms are titled as follows:  1) Exclusive Tenant Representation; 2) Exclusive Tenant Representation (With Tenant Payment); 3) Purchase Agreement Commercial (Land Only); 4) Registration and Commission Agreement; and 5) Amendment to Listing Contract-Commercial. Also, revisions are being made to the existing Purchase Agreement and Listing Contracts for 2014. Find out more here.

Reminder:  Use ZipFormPlus.com to Access IAR Forms
Reminder:  please use ZipFormsPlus.com to access your IAR forms regardless of whether you are still using zipForm® 6 or you have already upgraded to zipForm® Plus. If you are still using zipForm® 6, enter the same credentials you previously used in order to see your saved transactions. Here is a quick start guide to zipForm® Plus. IAR’s Janet Bailey is also happy to help acquaint you:  317.913.3239 or jbailey@Indianarealtors.com

Legal Hotline Authorizations to be Purged December 31st
On December 2nd, IAR gave notice via email to its Principal and Managing Broker members that all previous authorizations for designated agents to use the Legal Hotline would be purged as of 5:00 pm EST this coming December 31st. Starting now and going forward, Broker members may still designate agents to use the Legal Hotline, but will need to do so via this online authorization form. If Brokers wish to make changes after this initial authorization, they may do so using the authorized user update form found online at IndianaRealtors.com > Legal Affairs > Hotline. Both forms were created in an effort to make the authorization process easier for Brokers and to ensure authorizations stay current. Call the Legal Hotline with questions:  1-800-444-5472.

Focus on Government Affairs

Indiana State Capitol

Venue Change Announced for Legislative Conference
Join IAR members from across the state at the Legislative Conference slated for January 27 & 28 in downtown Indianapolis. While the schedule mirrors last year’s newly condensed and focused format, the longtime event venue has changed to the JW Marriott Indianapolis. Conference registration should open the week between Christmas and New Year’s Day, however you can book overnight accommodations now via this link that will give you the special IAR rate of $144 per night plus tax. Or, you can call 1-877-303-0104 and request the special IAR rate. The deadline is January 7th.

Focus on Membership

IAR Logo-I

Salespersons Urged to Upgrade Licenses ASAP
The deadline for real estate salespersons to upgrade their license to broker status is June 30, 2014. While that’s six months away, IAR urges its salesperson licensed members to take action now to avoid the traffic jam we foresee.

According to the state of Indiana, more than 7,500 salespersons still need to upgrade their license. Processing that many license renewal requests from here forward will be a challenge by itself, but on top of that, the state also be processing license renewal requests from legacy brokers (one of the major changes of last year’s real estate license law update was to put all licensees on the same renewal cycle). And, the state will be processing license renewal requests from other professions.

There are two steps to the upgrade:  one, complete a 24-hour broker transition course through a state-approved education provider, and two, renew your license with the state. If you do not complete both steps prior to June 30th of next summer, your license will be invalidated and you will be required to complete a 90-hour pre-licensing course before participating in another transaction.

But, do not worry; RECP has made it easy for salespersons to upgrade. Learn more below.

Indiana REALTOR Leadership Academy Become “Legislators” for a Day

Did you ever wonder just how a bill becomes a law? Members of the Indiana REALTORS® Leadership Academy Class of 2013-2014 can now answer that for you.  Class members met with the IAR Government Affairs staff as well as top state officials at the Indiana State House to learn about government and the political process.  Check out more information on the class and what they learned here.

Focus on Education

RECP

RECP Makes it Easy for Salespersons to Upgrade License
RECP has made it easy for salespersons to upgrade their license to broker status before next summer’s deadline of June 30th. Through RECP, salespersons can take the mandatory broker transition course one of the following ways:  1) In-person over a period of three days at a variety of locations around the state; 2) Online; or 3) Online and on-demand (at 4:00 a.m. in your pajamas, anyone???).

As a reminder, the broker transition course fulfills a salesperson’s continuing education requirement during this transition period we’re currently in. And as an added bonus, REALTOR® licensees who complete the course through RECP will earn 22 credits toward a Graduate, REALTOR® Institute (GRI) designation. Register online or call 1-800-742-4067 for more information.

Principal Brokers may want to take advantage of RECP’s private-label education for their agents. Contact Kathy Harbaugh for more information:  kharbaugh@indianarealtors.com or 765-461-3446 cell or text.

REALTOR® Professional Designation Days
Earn credit towards the Graduate REALTOR® Institute (GRI) Certified Commercial Investment Member (CCIM) and Accredited Buyer’s Representative (ABR) designations by attending REALTOR® Professional Designation Days February 25-27, 2014. Attend three days of classes in Indianapolis for a discounted package price of $300. Or attend the two-day ABR course for $295. GRI Candidates can earn up to 17 GRI credits by attending! Click here to register or call 800-742-4067 for more information.

Christmas
December 24-25, 2013

IAR & RECP Offices Closed

New Year's Eve
December 31, 2013
IAR & RECP Offices Close at Noon

New Year's Day
January 1, 2014
IAR & RECP Offices Closed

Ethics & Professional Standards 2014 Update
January 16, 2014
Indianapolis, IN

Martin Luther King Jr.'s Birthday
January 20, 2014
IAR & RECP Offices Closed

IAR Legislative Conference
January 27-28, 2013
JW Marriott Indianapolis & Indiana Statehouse 

REALTOR® Professional Designation Days
February 25-27, 2014
Indianapolis, IN
More Info»

Salesperson-to-Broker Transition Deadline
June 30, 2014
More Info»
  

 




 



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