Indiana REALTOR Advocate
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March 7, 2014

Focus on Membership

nancy smith

Meet 2014 IAR Treasurer Nancy Smith
Shelbyville’s Nancy Smith was recently installed as the 2014 Treasurer of the Indiana Association of REALTORS®. This is just the latest in ways Nancy has given time and knowledge to IAR and her fellow REALTORS®. Nancy has been a Director since 1990 and has served on the Board’s Executive Committee since 2010. She served as a REALTOR® Political Action Committee (RPAC) trustee from 2005 to 2009 and from 2012 to present. In 1996, Nancy received a Dick Snyder Award in recognition of her outstanding government affairs committee work. She remains a committed industry and member advocate today, lobbying with IAR on home ownership, tax, and economic development matters, and serving as the REALTOR® contact for U.S. Representative Luke Messer from Indiana’s Sixth Congressional district.

Nancy Smith is a managing broker with Carpenter REALTORS®. Contact her with your congratulations, questions, and ideas by email to
Focus on Research & Technology


Indiana Regional MLS Debuts Realist® Service
IAR’s newest member service, Realist, recently went live in the Indiana Regional MLS (INRMLS) system. Realist is a statewide solution to providing public records data, as recommended by the Roadmap program. Realist includes statewide data on property tax assessments, sales prices, foreclosures, ownership, and mortgages. It also has a suite of mapping, report, and search functions, and is available on mobile platforms.

REALTOR® members across Indiana are already finding this to be a valuable tool.  “I wanted to reach out to you let you know I used the Realist®  tax data for the first time today. Wow what an awesome step forward for every REALTOR® in the state.” said Emmon Schmucker, IAR Board of Directors

Focus on Government Affairs

REALTOR Advocacy

U.S. House Passes Flood Insurance Bill with Amendments
On March 4, 2014, members of the U.S. House of Representatives voted 306-91 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370) with amendments. The House amendments further reign in and hold the Federal Emergency Management Agency (FEMA) accountable for implementation issues surrounding the Biggert-Waters Flood Insurance Reform Act of 2012. As passed, the current bill would repeal FEMA’s authority to increase premium rates at time of sale or new flood map, and refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. It also limits any premium increase to 18% annually and adds a small assessment on policies until everyone is paying full cost for flood insurance. The U.S. Senate must now pass the amended version before the bill can become law. NAR is pressing for a swift vote in the Senate. Read NAR’s letter of support for the amended bill and set the record straight on flood insurance with NAR’s fact sheet.

*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 > 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.

Focus on Education


21st Annual Bloom Symposium to Pay Tribute to Tom Battle
The 21st Annual George F. Bloom Memorial Symposium is just a week away, but there is still time for commercial real estate and finance professionals to register for this day-long executive education program. This year’s Bloom Symposium takes place Friday, March 14 at the Woodland Country Club in Carmel, and includes the state of Indiana’s required license law course, a panel discussion with Indiana Department of Natural Resources personnel on flood matters, and a special tribute to former RECP Director Tom Battle. Successful completion qualifies an attendee for eight hours of continuing education (four elective and four mandatory hours). Lunch will be served. Cost is $295. Register online or call 800-742-4067.

Legacy Brokers Reminded to Renew License by June 30
Legacy Brokers are reminded to complete 24 hours of continuing education and renew their license with the state of Indiana by June 30 of this summer.

The following is a breakdown of the 24-hour CE requirement:

  • 16 CE hours of the old curriculum -- six mandatory and 10 elective hours taken between July 1, 2011 and June 30, 2014. This is the same CE requirement Brokers had prior to the license law update; the renewal deadline was just extended by one year.

  • 8 hours of the new curriculum -- taken between July 1, 2013 and June 30, 2014. These eight hours must include the updated license law course, which details the license law update enacted in 2012 and the reasons for the update.

If you are the Principal Broker for your firm, you must complete the aforementioned 24-hour CE requirement and renew your license by June 30, 2014. Principal Brokers on June 30 will be known by state law as Managing Brokers on July 1 and going forward.

If you are a Branch Managing Broker for your firm, you must complete the aforementioned 24-hour CE requirement and renew your license by June 30, 2014. You do not need to complete a Managing Broker course. Branch Managing Brokers on June 30 will be known by state law as Brokers on July 1 and going forward.
2014 Bloom Symposium
March 14, 2014
Carmel, IN
More Info»

AE Institute
March 21-25, 2014
Baltimore, MD

Indiana Real Estate Markets Report
March 25, 2014
Indianapolis, IN
More Info»

IAR Finance Committee
April 2, 2014
Indianapolis, IN

IAR Board of Directors
April 3, 2014
Indianapolis, IN

NAR Midyear Legislative Meetings
May 12-17, 2014
Washington D.C.

Indiana Commercial Real Estate Conference
June 19-20, 2014
Indianapolis, IN
More Info»

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


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