Indiana REALTOR Advocate
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INDUSTRY EVENTS

May 22, 2014

Focus on Government Affairs

2014 Indiana General Assembly Session Recap

In this installment of the monthly IAR-RECP video series, members of the Indiana Association of REALTORS® Government Affairs team recap the 2014 session of the Indiana General Assembly and discuss the most important legislation to the real estate community. We want to draw your attention to the 1:00 marker in the video. The Indiana State Police is developing a registry of meth-contaminated properties. That is not only significant to members helping buyers and sellers, but also to members who may also own rental properties. Be sure to know what is required if a tenant is involved in the manufacture of meth.

Members Trek to D.C. for Congressional Meetings 

donnelly    coats  Photo Credit: John DeSouza  

More than 120 IAR members last week made the trek to Washington, D.C. to attend the REALTOR® Party Convention & Trade Expo. This annual event affords members an opportunity to meet with their U.S. Senators and Representatives - and sometimes just as importantly the elected official’s staff - to discuss matters of importance to real estate professionals, their clients, and the marketplace. Here are the NAR talking points for these meetings, though local issues were also discussed. The Indiana delegation was especially pleased to spend about a half hour each with Senators Dan Coats and Joe Donnelly, and to get some sight-seeing in with a group walking tour of Embassy Row and a special Capitol tour facilitated by Representative Todd Young’s staff that included a picture on the Speaker of the House’s impressive balcony. Mark your calendar for next year’s REALTOR® Party Convention: May 11-16, 2015.

Members Rev Up Their Engines for RPAC

With more than half the laps complete, IAR members are ready to give RPAC a strong boost in the summer months to continue this fast pace towards the finish line. To ensure we’re in the winner’s circle come October, we must build on the over $68,000 already collected from 11% of our membership.  See how your local board or association is contributing here. Want IAR’s Eric Augustus in your pit crew? Email him today for fundraising assistance.  As a reminder, all RPAC contributions support pro-REALTOR® candidates.
 
sherry tilley

Focus on Research & Technology

Local Housing Markets Continue to Stabilize

With more than 800 additional homes sold statewide in April than in March, local housing markets continue to stabilize and are following seasonal trends. Supply is still tight, though improving. What housing really needs is further job creation and wage growth, and for there to be no major changes in mortgage rules and regulations. Provided the economy and the lending environment continue on their current paths, members tell us they expect housing news to be about the same for the next few months. The definite bright spot is that home values are increasing, which is good for property owners and their surrounding communities alike, and interest rates remain attractive. See the full Indiana Real Estate Markets Report released this past Tuesday at IndianaRealtors.com > Resources > Real Estate Markets Report.

If you see March data when following the county links, simply refresh the page(s) for an update.


Focus on Legal Affairs

Monthly Legal Hotline Q&As:  New Dos and Don’ts List 

Legal Hotline inquiries differ in specific facts, but there is a common question among them:  should the broker have handled the situation another way? From these conversations, Senior Staff Counsel Kelly Shonborn created a list of dos and don’ts to help members achieve a successful transaction while protecting themselves from liability.

As a reminder, the Legal Hotline is available to Principal and Managing Broker members and their designated agents. There are three ways to reach IAR attorneys -

  • Phone:  317-913-3254 or 800-444-5472

  • Online:  Complete this form

  • Fax:  317-842-8494

2013 Professional Standards Statistics 

Each year, IAR attorneys compile statistics on how many ethics hearings, arbitrations, and mediations occurred throughout the state to help determine which Article(s) of the Code of Ethics and Standards of Practice require the most attention for risk reduction and education purposes. Richelle Cohen Mossler, IAR General Counsel, reports on the 2013 statistics here to highlight for members the areas they should be paying most attention to prevent complaints from being filed in the first place.


Focus on Education

Crunch Time for Salespersons—Just 6 Weeks to Transition License

There are 5400 real estate Salespersons who still need to upgrade their license to Broker status before June 30, 2014. With just 6 weeks until the deadline, the state is already experiencing a backlog in processing Broker license applications. And, many education providers are reporting the required 24 hour Broker Transition courses to be filling up to capacity. Salespersons are encouraged to act now or risk an expired/non-renewable license on July 1. Still have questions about the transition? Complete our checklist.

No time for the classroom? Try RECP’s OnDemand online course. You can sign up for RECP’s live courses via that link, as well, which are planned for locations all around Indiana.

Serve on Indiana’s GRI Advisory Council

Indiana’s Graduate, REALTOR® Institute Advisory Council is preparing to elect new members to serve on the board for a three-year term. The requirements are as follows:

1.)  Hold REALTOR® or REALTOR® Associate membership in Indiana; and

2.)  Hold a GRI designation.

Current available positions are for Region 5, Region 6 and Under 40 Years of Age.

The application can be found at www.IndianaGRI.info. Application deadline is August 8, 2014.

Congratulations GRI Graduates

Congratulations to the following recent graduates of Indiana’s Graduate, REALTOR® Institute (GRI) program. These REALTORS® completed 90 hours of in depth-training to earn the most recognized and respected professional designation available to real estate professionals nationwide. Click here for more information on Indiana’s GRI program or to apply as a candidate.

Ella Crite, F.C. Tucker Realty Center, Marion

Dee Young, NEW DAY Realty, Indianapolis

Andrew Treesh, Orizon Real Estate, Kendallville

Jim Meeks, Coldwell Banker Residential Brokerage, Valparaiso

Robert Lundquist, Lundquist Real Estate Services, Wabash

Kristi Lundquist, Lundquist Real Estate Services, Wabash

Eric Lopez, McColly Real Estate, Highland

memorial day

Memorial Day
May 26, 2014
IAR & RECP Offices Closed
 
Indiana Commercial Real Estate Conference
June 19-20, 2014
Indianapolis, IN
Mo
re Info»

IAR Finance Committee
June 21, 2014
Indianapolis, IN

Indiana Real Estate Markets Report
June 24, 2014
Indianapolis, IN
Salesperson-to-Broker Transition Deadline
June 30, 2014
More Info»

Independence Day
July 4, 2014
IAR & RECP Offices Closed

IAR Executive Committee
July 10, 2014
Indianapolis, IN
 
IRLA Class of 2013-2014 Meeting
August 13-14, 2014
Indianapolis, IN 
 
IAR Board of Directors
August 14, 2014
Indianapolis, IN

IAR Annual Conference and Centennial Celebration
September 29-30, 2014
Indianapolis, IN


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