Bigger brokerages share their take on state’s real estate economy in survey

A survey of brokers with the state’s larger real estate firms found 85 percent thought the single-family housing market would be very good or good in the next six months.

Illinois REALTORS® launched the short survey, Illinois Top 200 Monthly Market Pulse, earlier this month to better gauge emerging trends affecting real estate practitioners in Illinois. The survey will seek market sentiment information, as well as include a changing list of questions relating to the industry.

The survey goes to the largest firms throughout the state, and Illinois REALTORS® encourages those who are getting the survey to fill it out.

Other results from the 71 people who participated included optimism about the condo market, with nearly two-thirds indicating they thought the outlook in this segment would be very good or good.

Nearly 80 percent of those taking the survey said they thought the rental market would remain robust.

Respondents were asked to comment on the biggest challenge facing them right now, and not surprisingly a lack of inventory was often mentioned.

March 1 & 2 Broker Management CE webinar registration closes at midnight Tues., Feb. 28

Lynn Madison

Managing brokers who need the 12-hour Broker Management Continuing Education course for license renewal have an opportunity to complete this requirement without leaving home by attending the March 1 & 2 BMCE Webinar.

Registration ends at midnight Tuesday, Feb. 28. 

Course: Broker Management CE Webinar
Dates: March 1 & 2, 2017
Session times: 9 a.m. – 4 p.m., both days
Instructor: Lynn Madison
Course fee: $170


Not sure what your renewal requirements are?  Visit the Illinois REALTORS® Managing Broker License renewal webpage.

 

Video: Liddiard warns tax reforms could negatively affect property owners

Potential changes to tax reforms could weaken the opportunity for home owners to use the mortgage interest deduction and eliminate 1031 like-kind exchanges for commercial property owners, says NAR Senior Policy Representative Evan Liddiard in an Illinois REALTORS® video.

“When you raise that standard deduction, you get rid of all the other itemized deductions, particularly state and local tax deduction, it pretty much takes the bottom out of the MID (mortgage interest deduction) for 95 percent of the people,” Liddiard says.

Illinois REALTORS® Treasurer Dan Wagner and Liddiard emphasize the importance of like-kind exchanges. Wagner says Illinois REALTORS® and the National Association of REALTORS® are keeping a close eye on developments. See the video.

Dedicated Dozen begin Leadership Development training in Springfield

Michael Gobber and Becky Kirchner react differently to a question posed during training Thursday.

The 2017 Leadership Development Program began Wednesday in Springfield at the Illinois REALTORS® headquarters and continued Thursday for 12 individual REALTORS®.

Training included: association philosophy, structure and governance; management; committee structures and responsibilities; fiduciary duties, parliamentary procedures, professional standards, member services and strategies for conducting effective meetings.

Participants included:

  • Ayn Bartok, All in One Real Estate Company (Egyptian Board of REALTORS®);
  • Michael Gobber, Real Living Gobber Real Estate (Mainstreet Organization of REALTORS®);
  • Terri Jeffries, United Real Estate-Chicago (Mainstreet Organization of REALTORS®);
  • Becky Kirchner, RE/MAX Plaza (Heartland REALTOR® Organization);
  • Eric Porter, RE/MAX Realty Associates (Champaign County Association of REALTORS®);
  • Debbie Prodehl, Coldwell Banker Honig Bell (Three Rivers Association of REALTORS®);
  • Timothy Ryan, Real People Realty, Inc., (Mainstreet Organization of REALTORS®);
  • Michael Simpson, Lifestyles Real Estate Inc. (REALTOR® Association of the Fox Valley);
  • Dena Turner, Century 21 Tucker-Swanson (Capital Area REALTORS®);
  • Andy Velkme, Caton Commercial Real Estate Group (Northern Illinois Commercial Association of REALTORS®);
  • Jim Waller, Coldwell Banker Honig Bell (Champaign County Association of REALTORS®); and
  • Joyce Zelazik, Coldwell Banker Honig Bell (Three Rivers Association of REALTORS®).

Independent expenditures from Illinois REALTORS® backs Oyler in Peoria

Registered voters in Peoria have received postcards asking them to vote for REALTOR® Zach Oyler for at-large alderman in the consolidated primary on Feb. 28.

The mailings were sent as part of an independent expenditure campaign. Independent expenditure activities take place in support of a candidate for public office without any coordination with the candidate or the candidate’s campaign.

Oyler serves real estate customers through Keller Williams Premier Realty in Peoria. He serves on the board of trustees for the Peoria Historical Society and is the interim executive director of that organization. In 2014, he lost a bid for a spot on the Peoria County Board.