Local REALTOR® leaders to receive national, state leadership training

 

Downtown Chicago Night Skyline across Lake Michigan (Bigstock Images).

Local presidents-elect and local chief staff executives will join their Illinois REALTORS® counterparts for the Leadership Summit in Chicago beginning Sunday so they can better represent your interests during the next year.

Illinois REALTORS® begins its training Sunday afternoon at the Embassy Suites Chicago Downtown Magnificent Mile, with opening sessions by Regina Tuttle, National Director, REALTORS® Federal Credit Union, and Matt Difanis, President-Elect, Illinois REALTORS®.

Bob Harris, CAE, will lead participants through “Board Excellence” during the bulk of the afternoon. Harris uses case studies, trends and more to help leaders of associations, chambers and other non-profits learn best practices and sustainability.

The National Association of REALTORS® Leadership Summit begins at 8 a.m. Monday and continues through 6 p.m. with programming that includes:

  • Keynote speaker Vernice Armour, America’s first African American female combat pilot;
  • Keynote speaker Charlene Li, founder and CEO of the Altimeter Group, author and advisor to Fortune 500 companies;
  • 50th Anniversary of the Fair Housing Act featuring Illinois REALTOR® Zeke Morris, 2017 Chair of the Fair Housing Act Work Group;
  • Panel discussion on “Owning NAR’s Research, Legal Guidance and Legislative Insights;” and
  • the “Intangible Skills of Great Leaders” featuring NAR CEO Emeritus Dale Stinton and three others.

On Tuesday, NAR programming runs from 8:20 a.m. to 11:30 a.m. including:

  • Presentations by President Elizabeth Mendenhall and CEO Bob Goldberg,
  • A panel discussion by Mendenhall, Goldberg, Brad Inman and Stefan Swanepoel, and
  • A keynote address by Eric Thomas, a former NFL player, motivational speaker, author and minister.

Tuesday’s program will be streamed live on Facebook at: https://www.facebook.com/NARdotRealtor.

Springfield REALTOR® wins NAR vice chair challenge

Kyle Killebrew becomes the 2018 Vice Chair of the Emerging Business & Technology Forum.

Kyle Killebrew, CRS, GRI, of the Real Estate Group in Springfield, is the 2018 Vice Chair of the Emerging Business & Technology Forum after gaining the most votes in a competition with 16 other REALTORS®.

Killebrew is a broker/partner and leads a team of three other brokers. Since 2013, he’s served on several NAR committees, while he’s also been involved with committees for the Capital Area Association of REALTORS®. He has been involved with Illinois REALTORS® committees since 2009, including YPN Chair. In 2017, he is a member of the Digital Communications & Tech Trends Working Group.

Other nominees for the vice chair position included:

  • Carrie J. Little, of CarMarc Realty Group, LLC in West Chicago; and
  • David A. Levin, of NAI Ruhl Commercial Company in Davenport, Iowa.

Little has served on several committees for the Chicago Association of REALTORS® and the Illinois REALTORS®. She is the vice chair for the Illinois REALTORS® Digital Communications & Tech Trends Working Group.

Levin is a member of the Illinois REALTORS® Board of Directors and has served on numerous committees for the NAR, Illinois REALTORS® and the Quad City Area REALTOR® Association.

Register in advance for Thursday’s 1 pm webinar about National Flood Insurance

At 1 p.m. CDT Thursday, the National Association of REALTORS® will provide members with important information about the renewal of the National Flood Insurance Program (NFIP) through the webinar titled, “National Flood Insurance Program Update.” Register now.

REALTORS® want Congress to reauthorize the NFIP for another five years though it is scheduled to expire on Sept. 30. They also Congressional support for the 21st Century NFIP Reform Package, which includes seven bills.

The NAR provides summaries of viewpoints of NFIP supporters and opponents. For some background information on this critical subject, members can refer to the NAR website. The NFIP also supplies information through its website at: https://www.fema.gov/national-flood-insurance-program.

Illinois REALTORS® format change to seller disclosure report will help sellers

Urbance

A format change to the Illinois REALTORS® version of the Residential Real Property Disclosure Report will help seller clients and their REALTORS® better document when disclosures are presented to buyers.

The change follows the regular forms review process by the Illinois REALTORS®’ Legal Team. Members can sign in and see the report here.

“We gave serious consideration to the format change that might change or add another step to the completion process,” says Betsy Urbance, Illinois REALTORS® Director of Legal Services. “Please note the Illinois Residential Real Property Act has not been amended and brokerages may opt to not use the REALTORS®’ version of the form. Only the format for our form, which is available for our members’ use, has changed.”

Urbance explains the change:

“We purposely changed page 4 to give sellers proof they met their obligation to give the disclosure report and show relevant portions of the statute to the buyers prior to the buyers becoming bound by the contract. We acknowledge this might change the process a bit. However, based on real life experience in seller disclosure litigation, the inability of sellers to prove disclosures were given is problematic. Although the statute does not require buyers to sign disclosures, sellers are required to give the disclosures and statute in a timely manner. So, the change gives sellers a better way to prove their duties were met.

“Sellers should sign and date the form on the date it is provided to the buyers (or the buyers’ agents),” she says. “Sellers are required to provide this form/portion of the statute before buyers become obligated on the purchase contract. In other words, sellers should sign and date reports some time before contracts are agreed to by the parties.

“As a result, if buyers initially download forms from the MLS some time prior to making offers, once buyers make offers, sellers should ‘circle back’ and sign and date the forms on or at the time contracts are entered. Also, this provides sellers a chance to review initial disclosure reports for any needed changes. This is always recommended when properties have been on the market for some time. After all, what if between the time the buyer’s agent downloaded the report and the time of contract, the seller’s basement flooded after the second ‘100-year-rain’ in the last year?

“This change is our model, and we believe it puts our members (and their seller-clients) in the best position to reduce their risk … and help sellers prove they met their statutory obligations. Whether or not associations and/or brokerages take up this model is a matter of their business discretion.”