With the National Flood Insurance Program set to expire September 30, Jon Broadbooks and Neil Malone discuss the importance of this program, and why it’s so critical that REALTORS® answer the call in helping make sure the program is extended.
Watch the video, then go to realtoractioncenter.com to answer the call and help preserve this important program.
REALTORS attending the Conference & Expo in Collinsville Wednesday received information from more than 60 exhibitors. See more photos below.
When the Illinois REALTORS® Conference & Expo began today, close to 500 attendees gathered at the Gateway Center in Collinsville for inspiration, marketing ideas, networking and continuing education. In the Expo, nearly 60 exhibitors offered valuable information and resources to interested REALTORS®.
A dozen exhibitors also served as sponsors:
- American Home Shield
- Capital Professional Insurance Managers (CPIM)
- Century 21 Real Estate LLC
- CUTCO Closing Gifts/My Company Gifts
- Greater Gateway Association of REALTORS®
- Home Warranty, Inc.
- Illinois Home Performance
- Midwest Real Estate Data (MRED)
- REALTOR® Association of Southwestern Illinois (RASI)
- Two Men and a Truck
- Wells Fargo Home Mortgage
Other exhibitors included:
- 1st MidAmerica Credit Union
- 2-10 Home Buyers Warranty
- AdvantaClean/Green Home Solutions
- Benchmark Mortgage
- BND – Belleville News Democrat
- Bank of Springfield
- Buyer’s Protection Group
- Casey’s General Stores Advertising
- Centralized Showing Services
- CHOICE Home Warranty
- Coldwell Banker Real Estate
- Collinsville Building & Loan Association
- Cornerstone Mortgage
- Delmar Financial
- Disaster Restoration Pros
- Enovative Technologies
- ERA Real Estate
- FCB Banks/FirstCo Mortgage
- Focus 1 Building Inspections
- Guaranteed Rate
- Hawley Home Inspections, LLC
- Highlands Residential Mortgage
- HMS Home Warranty
- Home Warranty of America
- IDFPR – Real Estate Division
- Illinois Housing Development Authority (IHDA)
- Illinois REALTORS® Licensing & Training Center
- Illinois REALTORS® Professional Standards
- Illinois Young Professionals Network (YPN)
- Invelop LLC
- Midwest Basement Tech
- New American Funding
- Northern Insurance Service, LTD
- Pillar to Post
- Premier Designs Jewelry
- Real Estate Educational Foundation (REEF)
- REALTORS® Political Action Committee (RPAC)
- Realtors Property Resource, LLC
- Regions Mortgage
- Roxy & Lola
- SWAT Environmental
- SEI/Navica MLS
- SentriLock, LLC
- Snyder Insurance Agency
- The SewerPros
- Veterans United Home Loans
- Woods Basement Systems
Five Illinois municipalities which sought Home Rule status through a ballot initiative on Tuesday saw the measures lose by huge margins.
Illinois REALTORS® and its consumer advocacy partner Real Property Alliance both worked in the municipalities to defeat the measures.
Communities under 25,000 in population can ask voters for the power to let elected officials set tax rates and implement some fees. By becoming a Home Rule community, municipalities can also incur more debt and as a result force property tax increases.
Illinois REALTORS® has worked against Home Rule measures for years, arguing that voters should have a direct say on any local tax increase.
The communities that failed to pass the Home Rule initiatives were: Coal City, Ottawa, Warrensburg, Creve Coeur and Lynwood.
As of Wednesday, the unofficial vote totals showed overwhelming opposition to Home Rule.
- Creve Coeur: 453 against, 62 for, a more than seven-to-one vote against the measure.
- Lynwood: 685 against, 222 for. This was the third time Lynwood had placed a Home Rule measure on the ballot.
- Ottawa: Voters rejected the measure 2,196 to 613.
- Coal City: 747 against, 175 for Home Rule.
- Warrensburg: 270 against, 30 for, a nine-to-one margin.
A plan to force building owners in Evanston to report energy usage under a city proposal might want to heed the results of an Illinois REALTOR® survey.
Under the Evanston proposal, buildings which are larger than 20,000 square feet would have to begin reporting. That’s more stringent than a similar policy in nearby Chicago which sets a threshold of 50,000 square feet before reporting is triggered.
The results are here.
The Illinois REALTOR® poll of 400 people found:
- Many people in the city aren’t familiar with benchmarking. Eighty percent said they hadn’t heard of benchmarking.
- Of those who responded, 57 percent said they weren’t in favor of having Evanston adopting the benchmarking rules.
- More than half of respondents (53 percent) said they thought private property owners already scrutinized their buildings’ energy consumption and the policy would just burden property owners.
An additional question found 65 percent of those polled said property taxes were too high in the city.
More details are in the Evanstonnow.com article on the poll, which conducted by We Ask America Polls on Nov. 18 and 20.
U.S. Rep. Peter Roskam meets with Illinois REALTORS® to discuss a variety of issues important to the real estate industry including tax reform. (Photos: Sharon Gorrell)
This week Pat Callan, Broker/Owner of Realty Executives Premier in Wheaton and a NAR Federal Political Coordinator (FPC) met with U.S. Rep. Peter Roskam, R-Ill., on Monday to discuss issues important to the REALTOR® community.
U.S. Rep. Peter Roskam responds to a question at a meeting on Monday, Aug. 22, 2015, with Illinois REALTORS®. Looking on was Pat Callan, a REALTOR® who serves as Federal Political Coordinator. The meeting was held at the DuPage Airport Flight Center terminal building.
Given Rep. Roskam’s position on the U.S. House Ways and Means committee, it puts him in a great position to discuss issues related to tax policy. Callan asked him to discuss what overall tax reform might look like depending on the make-up of Congress and the Executive Branch after the election.
Roskam said that any tax reform package “must be bipartisan” and while there certainly be a difference in priorities, everyone can agree that what we have now simply isn’t working.
Callan asked specifically about the provision in the tax code that taxes “phantom” income that is a result of a forgiven balance of a distressed mortgage. Roskam said he does not feel that provision will ever be reinstated. He sees that as an issue that everyone can agree is simply “offensive” to tax someone on income that they never actually received.
A few other topics discussed were GSE reform, access to credit, the 1031 Like-Kind Exchange and the future of deductions for property taxes and mortgage interest within the context of overall tax reform. The meeting ended with REALTORS® giving updates on the real estate market from several areas of the district.