Top content from illinoisrealtor.org

Looking for last month’s home sales data or where to download a sample office policy? These resources are available at your fingertips from the Illinois Association of REALTORS®. In fact, here are the top visited pages from www.illinoisrealtor.org (Source: IAR 2nd Quarter Hit Report)

  1. REALTOR® Search – Search for a REALTOR® by company name, city, last name and/or foreign language.
  2. CE Lookup – Look up your IAR-sponsored continuing education credits.
  3. Free Downloads – Contracts, forms, consumer brochures and other resources available for Illinois REALTORS® to download in .pdf format.
  4. Career in Real Estate – Understand the various educational options and choices for those embarking on a career in real estate.
  5. IARlicenselaw.org – Let IAR be your guide to understanding the rewrite of the Illinois Real Estate License Act of 2000, its rules and provisions.
  6. Market Stats – Find monthly and quarterly Illinois home sales and median prices by county, housing market forecasts by University of Illinois economists and more.
  7. Pre-License Information – IAR licensing and training centers make it easy to start your career in real estate. Learn about pre-licensing requirements and find courses for obtaining your real estate license.

Also be sure to bookmark these quicklinks to stay informed:

NRDS ALERT! You must be a member of the Illinois Association of REALTORS® to access online member benefits. If you are a member and are having difficulties logging in please e-mail IARaccess@iar.org.

How about a Career in Real Estate?

Maybe now is the time to start a new career and practicing real estate is what you have always aspired to do. It would seem from the influx of questions about real estate career choices, there is a growing demand for both pre-license and broker programs. It may be that word is getting around that if you want to get your real estate license in Illinois, now would be the time due to the license law changes eliminating the salesperson category effective April 30, 2012, with no new salesperson licenses issued after April 30, 2011.

Here are answers to common questions I receive about the process and the benefits of getting your license before the deadline.  Keep in mind the hours and requirements change when the transition cycle of April 30, 2011 through April 30, 2012 ends.

What are the educational requirements to obtain my SALESPERSON license prior to April 30, 2011?

You will need to take the 45-hour basic transactions course (classroom, home study or online), pass the Illinois state exam and be sponsored by a managing broker. After April 30, 2011, as a salesperson you will need to transition to a new non-managing broker license category. You will have the option to take a proficiency exam to transition to the new broker license category AND/OR take a 30-hour course and pass the exam by April 30, 2012.

What are the educational requirements to obtain my BROKER license prior to April 30, 2011?

You will need to take 120 hours (includes the 45-hour basic transactions course plus 75 hours classroom, home study or online which are available in five 15-hour modules). By obtaining your broker license prior to May 1, 2011, you can transition to the new managing broker category by taking the proficiency exam AND/OR by taking a 45-hour course and passing the course exam.

So do I take the 45-hour basic transactions course and obtain my salesperson license before the April 30, 2011 deadline, or do I take the 120 hours and obtain my broker license?

It really depends on what path you want your career to take.  If you want to open your own office or be self-sponsored, you would want to take all 120 of the required hours and become a broker prior to May 1, 2011.  If you are content being a non-managing broker then taking the 45-hour course, being licensed as a salesperson, and transitioning to a non-managing broker would be your best option.

If you need assistance understanding the education requirements and changes to the Illinois Real Estate License Law to determine your career path, IAR is available to help. Just e-mail Stacy at SMahinda@iar.org or Carrie at Celliott@iar.org or call 800-752-3275.

Charging Ahead: IAR Spring Conference is Next Week

Spring Conference is nearly here and it’s never too late to take charge of your business. You can still register at the door for the IAR Spring Conference May 5-6 in Collinsville. This is your opportunity to earn up to 6 hours of CE credit, plus get market trends, business solutions, legal updates and network with your colleagues!

The lowdown…

  • Continuing Education: Core A: License Law, Agency & Escrow 2.0 with Steve Bochenek and Betsy Urbance (COR 1672, 3 hours Core A CE) on May 5, 2:00 – 5:00 p.m. The GREEN Quiz Show with Kerry Kidwell (ENV 1221, 3 hours Elective CE) on May 6, 1:00 – 4:00 p.m.
  • Take charge of your business: In the opening session on May 5 Terry Watson will tell you what mistakes NOT to make and how to recharge your career by raising your standards in key areas. In the closing session on May 6 Steve Harney covers how to turn market data into negotiation ammunition and what agents should focus on in the next 90 days.

  • Networking opportunities abound: The REALTOR® Networking reception will be held on Wednesday, May 5 from 5:00 – 6:00 p.m. in the Gateway Center Rotunda. Directly following, the Young Professionals Network (YPN) Kickoff Reception will be held at the Doubletree-Collinsville Hotel Steakhouse Bar from 6:00 – 7:00 p.m.
  • Walk-in rates: $129 member | $144 non-member  | $65 guest | $45 trade show only

$10 Coupon! Print this coupon and redeem for $10 off your IAR Spring Conference registration at the IAR Registration Desk

So there you have it! Join IAR and your peers next week in Collinsville for this exclusive educational and networking opportunity.

The Countdown is ON…12, 11, 10, 9…

Broker Renewal Deadline is April 30It’s the final countdown to the broker renewal deadline which is just 12 days away if you count the weekend, or 10 business days to complete your CE and renew your license. If you call anyone in the CE Department at IAR we will be able to give you down-to-the-minute details of exactly how much time you have left!

With approximately 11,000 brokers statewide who have not completed their CE, it is looking a little scary as to how many exams will have to be processed before the deadline. The calls are already flooding our telephone system and e-mail accounts with out-of-state brokers and the all-too-busy brokers who have not had time to complete their CE. Here are some of the FAQs that are coming through as brokers hurry to get their CE completed.

Can I go ahead and renew even if I haven’t completed all of my CE?

No. Your test records are transmitted to the Illinois Department of Financial and Professional Regulation (IDFPR) with the original date that you took your exam. If you renew on April 15 and didn’t take your exams until April 30 your records will show that you were deficient in hours when you renewed.

What will happen if I am deficient in hours?

If your records show you renewed before your CE is complete you face a possible fine of $75 per 3-hour course credit. So, if you were deficient with all 18 hours it might cost you an additional $450.

I live out-of-state and don’t know how to complete by the deadline. Is there still time?

There is still time even if you live out-of-state to do home study or online courses. You will have to provide evidence of a suitable proctor for your exams and complete your courses by at least April 26 to allow time to be graded and processed.

I don’t want to take the broker management CE. Can I revert back to a salesperson?

No. The option to revert back to a salesperson status was a one-time option for those who did not want to take the Broker Management course for the 2008 renewal.

I will not have time to complete my CE and renew by April 30. What will happen to my license?

If you do not satisfy your CE requirements and renew on April 30, your license will be inactive until you do so which means you will not be able to practice. Once you complete your CE you do have the option of renewing late and paying the $50 late fee.

Check online to see how many hours you have completed. If you are short on hours, there are still options available to renew.

Just remember you do have to take your proctored exam before the April 30th deadline. If you have any questions, we are just a phone call or e-mail away. Contact Carrie Elliott (celliott@iar.org) or Stacy Mahinda (smahinda@iar.org), 800-752-3275.

7 Reasons to Register for IAR’s Spring Conference & Expo

IAR’s Spring Conference & Expo 2010 is May 5-6 in Collinsville.

Register by April 7 to take advantage of the lowest registration fees. Need a little more motivation to sign up? Here are seven reasons to register:

  1. Avoid roadkill…well I can’t promise you that on your drive to Collinsville but trainer Terry Watson will in his opening session: Avoiding Roadkill – The 10 Stupid Things Really Smart REALTORS® Do to Mess Up Their Lives.
  2. You can’t get enough of negotiation pro Steve Harney and his session: Keeping Current Matters. The Real Data. The Real Message. The Right Delivery.
  3. Summer is just around the corner and you’re hoping our exhibitors will give you more golf tees and koozies.
  4. CORE A Continuing Education: License Law, Agency & Escrow 2.0…$1 drinks immediately following at the REALTOR® Networking Reception.
  5. To you “Going Green” is really about saving money. Why not learn how PLUS earn three hours of continuing education.
  6. You hope to snag some cool glasses at the YPN 3-D Kickoff networking reception.
  7. It’s Cinco de Mayo, and next door is Zapata’s Mexican restaurant and the Doubletree Hotel where you can celebrate.

Register online before April 7 and save up to $30 at  www.illinoisrealtor.org/springconference.