Indiana REALTOR Advocate
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January 17, 2014

Focus on Government Affairs


USA Track & Field CEO Announced as Conference Keynote
Indiana native Max Siegel will speak to IAR Legislative Conference attendees over breakfast on Tuesday, January 28. Siegel is currently CEO of Indianapolis-based USA Track & Field, the national governing body for track & field, long distance running and race walking. His remarks will focus on overcoming obstacles and defining one’s own success and future.

Siegel is a living example of that. His family history as a youth was marked by divorce, the early death of his father and growing up in an environment of poverty, addiction and abuse. Charting his own course not dictated by his circumstances, Siegel became the first African-American to graduate with honors from Notre Dame Law School.

From there he began his own sports representation agency (clients included Hall of Famers Reggie White and Tony Gwynn), moved into the music industry as an executive with Sony/BMG (part of team overseeing careers of stars Britney Spears, Justin Timberlake and Usher) and bucked trends when he was named president of global operations at Dale Earnhardt, Inc.

Siegel is still involved with the auto racing industry as President and CEO of Rev Racing, which is home to NASCAR’s Drive for Diversity program. In 2013, Rev Racing driver Kyle Larson was named Rookie of the Year for NASCAR’s Nationwide Series.

An accomplished attorney, entertainment and sports executive, and author (Know What Makes Them Tick:  How to Successfully Negotiate Almost Any Situation), Siegel is now a national figure in motivational speaking and diversity affairs. Register to attend the IAR Legislative Conference to hear Siegel’s personal story and insights after more than fifteen years of brokering deals and project management.

Make the REALTOR® Voice Heard at the Statehouse
Join members from across the state at the IAR Legislative Conference slated for January 27 & 28 at the JW Marriott Indianapolis in the city’s downtown. At the heart of this annual event is the REALTOR® Day at the Statehouse, which is an important opportunity to help shape laws and policies that affect your profession and the marketplace. There is strength in numbers and unity, so please plan to be part of the association’s legislative success by registering to attend. You can also book overnight accommodations via that link which will give you the special IAR rate of $144 per night plus tax. Or, you can call the JW Marriott at 1-877-303-0104 and request the special rate. The deadline is January 22.

Focus on Legal Affairs

Focus On Legal Affairs

Monthly Legal Hotline Q&As:  2014 Forms Changes
Since announcing the forms changes for 2014, staff attorneys have received questions via the IAR Legal Hotline. Senior Staff Counsel Kelly Shonborn answers those questions for all members here in her monthly column. While a majority of the questions have been about the three new residential forms and the revisions made to the residential Purchase Agreement and Listing Contract, Kelly reminds members that there are also five new commercial forms and that revisions were made to the commercial Purchase Agreement and Listing Contracts. Review all of the forms changes here.

Brokers Reminded to Re-authorize Agents for Legal Hotline Use
On January 1, IAR established a new, online authorization form for Principal and Managing Broker members who wish for their agents to use the Legal Hotline. All authorizations made prior to that date were purged, thus Brokers need to re-authorize their agents via the above-mentioned form before those agents can use the Hotline again. IAR also established an online authorized user update form for Brokers to revoke agent authorizations. Both forms require an agent’s National REALTOR® Database System (NRDS) number and can be found in the middle of this page. Call the Legal Hotline with questions:  1-800-444-5472.

2014 Changes to REALTOR® Code of Ethics
When NAR adopted its Code of Ethics in 1913, it was only the second trade or business group in the U.S. to adopt mandatory ethical standards.  The Code identifies professional responsibilities owed to clients, customers, other REALTORS® and the general public.  Though the real estate industry itself has evolved over the past century, these core values and commitment to excellence have remained constant.  This month, Richelle Cohen Mossler, IAR General Counsel, highlights the 2014 changes to both the Code of Ethics and sanctioning guidelines.

Focus on Research & Technology

markets report

Profile of 2013 Indiana Home Buyers and Sellers Now Available
The NAR Research department annually produces a nationwide Profile of Home Buyers and Sellers. State and local REALTOR® associations are given the opportunity to purchase an oversample to the survey in order to get a better understanding of buyers and sellers in their particular jurisdiction. IAR has elected to do this for several years, including the most recent (2013). The Profile answers, among other things: Who are the home buyers and sellers in Indiana? Do they use the services of a real estate professional? What role does the Internet play? View the 2013 and past Profiles here.

14 Must-Read Stats About Website Design and Optimization
MEG Research, the firm that last winter conducted IAR’s first-ever member survey, recently published these 14 must-read stats about website design and optimization compiled from a variety of sources. As MEG works with a number of REALTOR® associations, individual REALTORS® and real estate brokerages across the country, the firm’s blog can be helpful when looking for market data and consumer trends.

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 five-and-a-half months away, IAR urges its salesperson licensed members to take action now to avoid the traffic jam we foresee. 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 this 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.

Focus on Education


Designation Days Event Offers Great Value and Opportunity
The annual Designation Days event offers REALTORS® great value and opportunity in advanced education. Scheduled for February 25-27 at Indiana Wesleyan University on Indianapolis’ north side, attendees can earn credit towards the prestigious Graduate, REALTOR® Institute (GRI), Certified Commercial Investment Member (CCIM) and Accredited Buyer’s Representative (ABR®) designations, as well as credit toward the state of Indiana’s mandatory and elective continuing education requirements. There are a number of ways to participate - by individual course or one-, two- and three-day packages. Click here for more information and to register. Or, call RECP at 1-800-742-4067.

The ABR® course on February 26 and 27 will be led by Indiana’s own Paul Wyman, who served as the 2009 IAR President and was last year named the State REALTOR® of the Year. Students will learn to represent buyer clients, build a buyer representation business and develop a customized tool for conducting buyer counseling sessions. RECP is able to offer this two-day course at an incredible discount of $295. Again, click here for more information and to register. Or, call RECP at 1-800-742-4067.

RECP Makes it Easy for Salespersons to Upgrade License
RECP has made it easy for salespersons to upgrade their license to broker status before this summer’s deadline of June 30. 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. And as a 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: or 765-461-3446 cell or text.

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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