Is your corporate license in danger of becoming inoperative?

Source: Bigstock

More than 450 real estate businesses have lapses in their corporate licenses, according to IDFPR. These licenses are currently in “non-renewed” status, and if they are not restored by July 31, they will become listed as “inoperative.” Inoperative status means a firm could no longer legally do business in the state.

Illinois REALTORS® will be sending email notices to the entities affected, but anyone who wants to check on license status can do so by following this link. If you do need to restore your entity license, you’ll have to fill out a form and send it with a check including late fees to IDFPR for license restoration (there is no online option). IDFPR can be reached at 888-473-4858 or call Illinois REALTORS® at 217-529-2600.

Note: If you don’t restore the entity license, all licenses sponsored by that entity rick unlicensed practice complaints.

Two honored posthumously for service to Illinois REALTOR® organizations

Two REALTOR® association executives were posthumously honored for their service to members with a top award for leadership.

Margery Shinners

Margery Shinners, who was CEO of the Mainstreet Organization of REALTORS®, and Deb Borgwald, who was association executive with the Danville Area Board of REALTORS®, were announced as recipients of the Rhino Award at a meeting of association leaders in St. Charles on Thursday.

Shinners died in April. Borgwald died in June. Both had contributed many years of service to their associations.

The Danville association has 81 REALTOR® members. Mainstreet has 16,453.

The announcement was made by Illinois REALTORS® CEO Gary L. Clayton who noted that despite the disparity in the organizations’ sizes, the commitment and passion to serve members was equal.

Deb Borgwald

Both Borgwald and Shinners have been honored with contributions to a fund administered by the Illinois Real Estate Educational Foundation to further training opportunities for women leading associations.

The Rhino Award is given annually to REALTORS® who show strength and loyalty — attributes of the award’s namesake animal — in their roles leading local REALTOR® associations.

Video shows REALTOR® strategy key in competitive situation

Jeff Gregory

Jeff Gregory of Realty Executives Success in Shorewood and two buyer customers appear on the Chicago Tribune website in a feature titled, “Homebuyers thwarted by low appraisals.”

In an accompanying video, the customers say they’d missed out on a few previous bids for homes even after exceeding the asking price. But in a competitive situation where up to 15 bids can be submitted, Gregory says meeting the asking price is just one factor to consider. Appraisal values, financing and the size of down payments can also play important roles. Watch the video.

After talking to Gregory and developing a strategy, the customers succeeded in their bid for a home.

Gregory is the owner/managing broker for Realty Executives Success.

 

 

REALTORS® target point of sale inspection policy in Beach Park

Source/Bigstock

REALTORS®, more than anyone, know how complicated and fragile the home selling process can be.

Every step of the home selling process, from contract to closing, and everything in between, can complicate and derail a home sale.  Introducing another prerequisite – the government home inspection – only serves to increase costs and create more opportunities to disrupt the transaction.

Only a small minority of Illinois municipalities require a government home inspection prior to sale.  And unlike state licensed private home inspectors, municipal inspectors have no minimal training or standards requirements, and sellers must correct any violations found by the government inspector.  Worse, government inspectors often nitpick over cosmetic rather than life-safety concerns.

For these reasons, the Mainstreet Organization of REALTORS® (MORe) has teamed up with the Illinois REALTORS®, by way of the Real Property Alliance, to take aim at the Lake County village of Beach Park’s policy requiring an exterior inspection of one’s home prior to sale.  The two associations have launched a sophisticated advocacy campaign to take the message directly to Beach Park residents.

Through newspaper advertisements, electronic mail, and social media advertising, Beach Park residents have been directed to www.BeachParkInspections.com where they can learn even more about the issue and send a message to the Beach Park village board encouraging them to end point-of-sale inspections.  The campaign has been well received by the public and we are seeing a steady stream of property owners telling their village board to stop interfering with home sales.

“REALTORS® are not saying the village shouldn’t address code violations, but what makes it frustrating is code violations can be addressed at any time of the year by the village as opposed to right when a resident is trying to sell their home,” says Kris Seegren a REALTOR® and Beach Park resident. “I have never seen a municipal inspection make the transaction go smoother; in fact it just adds further points of contention between the parties at a late date in the transaction, sometimes causing sticking points of negotiation right at the closing table.”

Elwood nixes 2-year old fire sprinkler mandate

Source: Bigstock

It all started with a text message.

Nearly a year later, the village of Elwood killed a policy mandating costly fire sprinkler systems be installed in all new residential construction.

The move on Wednesday is significant because Elwood stood alone in Will County as having the policy, one which property rights advocates say can add $10,000 or more to the cost of building a home.

REALTOR® Matt Persicketti

In that July 2016 text message to Illinois REALTORS® Member Outreach Manager and Local Government Affairs Director Gideon Blustein, Three Rivers Association of REALTORS® president-elect, Matt Persicketti texted Gideon to see what could be done about the Village’s strict requirement for residential fire sprinklers in all new construction.

Persicketti had a homebuilder client who had run into red-tape with the Village of Elwood in the middle of a construction project. Because of the sprinkler regulation, his future homeowners would ultimately have to pay more than $10,000 in unforeseen costs. The price was especially high because they had to have a special water main installed to accommodate the required sprinkler system.

The situation prompted Three Rivers Association of REALTORS® members and Blustein to repeatedly reach out to then Village President, William Offerman.

Offerman also serves as the Fire Chief in Elwood, and efforts to discuss the policy with him were unsuccessful.

Many weeks later, when Elwood hired a new Village Manager, REALTORS® finally got a meeting with the municipality’s staff.

Gideon Blustein, Illinois REALTORS®

In preparation, Blustein pulled the number of new residential building permits for Elwood and the surrounding communities; the numbers were staggering. While surrounding communities had seen steady growth over the past few years, Elwood’s growth was basically stagnant. Armed with these numbers and the RVOICE brochure, “The Impacts of Mandating Residential Fire Sprinklers,” Blustein met with the village’s staff. While they found the arguments compelling, they relayed that the issue was unlikely to gain favor with the village’s president and board.

In April, Offerman was ousted by a challenger, Todd Matichak, who stressed in his campaign that he wanted to see the sprinkler mandate rolled back.

In advance of Matichak’s first official meeting as Village President, he worked with the village board to shore up the votes necessary to repeal the residential fire sprinkler mandate.

Blustein assisted by sharing the RVOICE brochure and a letter outlining our opposition with Board members. Among the efforts to obtain a repeal:

  • REALTOR® Jim Sim

    Three Rivers Association of REALTORS® Immediate Past President Jim Sim stepped to the podium to speak out against the residential fire sprinkler mandate.

  • Blustein provided updated residential building permit statistics for areas surrounding Elwood which showed their growth as Elwood’s recorded stagnate numbers.
  • And the board was given as evidence the quote from the property owners whose case prompted the debate.

With arguments made, the vote on whether to repeal the residential fire sprinkler mandate was the final item on the June 21 agenda. The measure repealing the sprinkler mandate was adopted with a 5-1 vote in favor of repealing the fire sprinkler mandate.

After the meeting, property owners, builders and Blustein congratulated and thanked Matichak and board members for their leadership.

Matichak urged homebuilders to get to work building in the community.