February 21, 2014
Use IAR forms? You must “renew” your zipForm® account by February 28. Learn how below.
Focus on Legal Affairs
*New* Form Available to Disclose Flood Insurance Changes
In November IAR attorneys responded to a growing number of member concerns about changes in the National Flood Insurance Program (NFIP) by publishing a disclosure form to limit exposure to misrepresentation claims. That form is still available to members in the IAR Legal Library found online at IndianaRealtors.com > Legal Affairs > Legal Library. Choose Disclosure Documents from the drop-down menu.
Also in November, IAR attorneys teamed up with RECP staff to produce this video to further explain the NFIP changes.
Renew zipForm® Account by February 28 to Keep IAR Forms
Use IAR forms? You must “renew” your zipForm® account by February 28 to keep access. This annual process is mostly housekeeping for the software’s parent company, zipLogix, but also a time to decide whether you want to keep (and pay for) or purchase additional products such as zipForm® Mobile and DocuSign® Electronic Signature. As a reminder, you receive another electronic signature product, Digital Ink®, by virtue of IAR membership. Here are renewal directions for both zipForm® Plus and zipForm® 6 users. Submit renewal questions to IAR’s Janet Bailey: 317.913.3239 or email@example.com.
Monthly Legal Hotline Q&As: Earnest Money
How earnest money is handled in real estate transactions has the potential to raise many questions. Senior Staff Counsel Kelly Shonborn often hears from members about their concerns. This month, she answers some of their most frequently asked questions.
The Legal Hotline is available to Principal and Managing Brokers and their designated agents. There are three ways to get in touch with IAR attorneys:
· PHONE – 317.913.3254 or 800.444.5472 toll free
· ONLINE – Use this form
· FAX – 317.842.8494
|Focus on Membership
Meet 2014 IAR President-elect Bruce Bright
Brownsburg’s Bruce Bright was recently installed as the 2014 President-elect of the Indiana Association of REALTORS®. Bruce is no stranger to IAR; he is a past Director, current REALTOR® Political Action Committee (RPAC) trustee, current member of the REALTORS® Defense Fund committee, and current member of the Graduate, REALTOR® Institute (GRI) advisory council. Bruce’s other state-level involvement includes his membership in and tenure as past president of the Indiana chapter of Certified Residential Specialists (CRS). Bruce was also named the state REALTOR® of the year in 2008.
The high value Bruce places on education is evident through the many professional real estate designations and certifications he has achieved: ABR®, CBR®, CRS, e-PRO®, MGRI, SRES® and SFR®. Bruce also holds degrees in business and accounting.
Bruce is an associate broker with the Carmel-based Sycamore Group REALTORS®. Contact him with your congratulations, questions and ideas by email to firstname.lastname@example.org.
In the next issue of the Indiana REALTOR® Advocate, you will meet the other IAR officer -- Shelbyville’s Nancy Smith, Treasurer.
Focus on Education
Great Value and Opportunity Found During Designation Days
REALTORS® can find great value and opportunity during the annual IAR-RECP Designation Days event. Scheduled this year 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 talented, dynamic and inspirational Marki Lemons of Chicago will teach a full day of social media classes. Marki always leaves Indiana with great reviews, new Facebook friends and Twitter followers. Come see what the buzz is about on February 25.
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. IAR 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.
To Salespersons: Easily Upgrade License Thru RECP
It is 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 in person at a variety of locations around the state OR online 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: email@example.com or 765-461-3446 cell or text.
To Legacy Brokers: Do Not Forget Your Own Deadline This Summer
In the course of encouraging your Salespersons to upgrade their license to Broker status, IAR reminds Legacy Brokers to not forget about their own license renewal deadline of June 30, 2014, and the 24-hour continuing education requirement that accompanies it. But first, who is a Legacy Broker? Legacy Brokers are those who were licensed by the state of Indiana as a Broker on or before June 30, 2012.
Here is the breakdown of the 24-hour C.E. requirement to be fulfilled by Legacy Brokers before June 30 of this summer:
16 C.E. hours of the old curriculum - 6 mandatory and 10 elective hours taken any time after July 1, 2011, and before June 30, 2014. This is the same C.E. requirement Brokers had prior to the license law update; the renewal deadline was just extended by a year.
8 C.E. hours of the new curriculum - taken any time after July 1, 2013, and before June 30, 2014. These eight hours must include the updated Indiana License Law class, which details the license law update enacted in 2012 and the reasons for the update.
RECP offers Legacy Brokers a 16-hour C.E. package for $99 and an eight-hour C.E. package for $49. Both packages can be taken in person OR online on demand. Click here for more information and to register. Or, call RECP at 1-800-742-4067.
Register Now for 21st annual George F. Bloom Memorial Symposium
The George F. Bloom Memorial Symposium is an executive education program for all commercial real estate and finance professionals. This year’s program will include the required license law course and a Department of Natural Resources panel discussion of flood issues. There will also be a tribute to former RECP director Tom Battle. Registration is $295 and includes course, eight continuing education credits and lunch. Register online or call 800-742-4067.
Focus on Government Affairs
REALTORS® Made Their Voice Heard at Indiana State House
Indiana's harsh weather did not deter our members who showed up in force at the Legislative Conference. At the State House, they spoke to their legislators about protecting private property rights. They promoted sound, fair and transparent tax policy. This visit is vital to guard against unintended consequences that may hurt you or bottom line.
As always, Brenda Staples Photography covered the Legislative Conference professionally with style. Check out photos from the event with the password, Winter2014 (all together), here - http://tinyurl.com/kmq7d9b.
2014 Off to Good Start in RPAC Fundraising
After a solid 2013, where we raised 130% of our RPAC goal, REALTORS® are proving they are ready to make 2014 the best fundraising year ever!
In 2014, we have already raised over $35,000 towards our goal. Three local board/associations have reached their fair share goals. Your generous contributions support pro REALTOR® candidates at the local, state and federal level.
Thank you once again to those members who helped make RPAC so successful in 2013! Check out how your local board/association stacks up against the current fundraising competition here.
Need Fundraising Help? Contact Eric Augustus.
Tom Rayl First Hoosier to Make RPAC Hall of Fame
Tom Rayl, UPSTAR member and well known advocate for RPAC, joins a select group in achieving Hall of Fame status for his RPAC contributions over a 40 plus year real estate career. This honor is significant to all Indiana REALTORS as it is the first time anyone from Indiana will receive it.
The Hall of Fame recognizes dedicated members whose RPAC investments total an aggregate lifetime amount of at least $25,000. Members are installed at the Midyear Meeting the following year in Washington, D.C. A list of RPAC "Hall of Fame" members is displayed on the rooftop terrace of NAR's Washington, D.C. building.
Tom’s passion to protect the real estate industry has made him an active part of the REALTOR® organization. He has worked diligently to promote and protect the rights of homeowners and real estate professionals. He currently serves on the Indiana Association of REALTORS® RPAC Trustees and is a past president at both the local and state level. He has earned many awards for his commitment to the REALTOR® organization including REALTOR® of the Year and the Distinguished Service Award.
Focus on Research & Technology
Markets Report Preview: Sales Down, Prices Up Statewide
The first measure of statewide housing data for 2014 is due out Tuesday when IAR releases its monthly Indiana Real Estate Markets Report. Until then, it appears as though January’s severe weather hampered activity. Closed sales decreased 9.1 percent to 3,839 when compared with January 2013. But, the good news is homes held their value. The median sale price increased 2.3 percent to $110,500 when compared with January 2013. The average sale price increased 4.8 to $135,618. Find the full report next week, including data for 91 of the state’s 92 counties, online at IndianaRealtors.com > Resources > Real Estate Markets Report.
REALTOR® Professional Designation Days
Indiana Real Estate Markets Report
IAR Executive Committee
March 8, 2014
March 21-25, 2014
IAR Finance Committee
April 2, 2014
IAR Board of Directors
April 3, 2014
NAR Midyear Legislative Meetings
May 12-17, 2014
Indiana Commercial Real Estate Conference
June 19-20, 2014
Salesperson-to-Broker Transition Deadline
June 30, 2014