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Your Internal News Broadcast
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CORE STANDARD COMPLIANT
June 30th was the deadline in which NAR required all Associations to be compliant with the newly adopted Core Standards. Thanks to the entire staff of the Rockford Area REALTORS, your Association has met all of the requirements and has been approved. Once again the Rockford Area REALTORS has achieved excellence.
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REVISED FORMS ADDED
Revised and updated forms have been added to Paragon and to Instanet. Please destroy any old unused forms that you may have on file.
The new ones are as follows:
- Cooperative Broker Compensation Agreement
- Earnest Money Release
- Repair Rider
- Designated Agent/Sponsoring Broker's Recommendation for Use of Transactional Professionals
- Uniform Commercial and Industrial Listing Contract
- Uniform Commercial and Industrial Listing Contract- Business
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Real Estate Economic Forecast
Business Luncheon - Wednesday, August 5
The Rockford Area REALTORS and the Rockford Chamber of Commerce will be welcoming Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of REALTORS, to give a real estate economic  forecast for the National and Rockford region at the Business Luncheon being held at Giovanni's on Wednesday, August 5th.
Attend this event and get a current understanding of existing home sales statistics, affordability index, and real estate market trends for now and into the future. To register go to the Calendar of Events at https://raar.getlamps.net/.
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Call for Action: Stop Sales Tax on Advertising
Take action now by telling Illinois legislators to stop a proposed expansion of the state's sales tax to include a 10 percent tax on  advertising and related services. Such a tax would hurt small business owners and REALTORS who rely on advertising to reach consumers. Click here to visit a website on the issue created by a coalition of business and consumer groups.
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Keep Calm -Join On
Did you miss out on being a part of important decisions and fun activities this past year? Not to worry, Keep Calm...you can now Join On for the 2015-16 Volunteer season. View the video below to see what some of the current volunteers had to say about their experiences. Committee Request Form and Leadership Request Form.
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Save the Date
Annual Installation
This year's Annual Installation, being held on Thursday, September 17th, will be another fun and exciting event. Chicago Dueling Pianos will be the featured entertainment at Franchesco's Ristorante. Save the date - more details to follow.
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Lake Summerset Resale Procedures
Lake Summerset Association, located in Davis, IL, has resale procedures to be followed with any sale of property located with the gated community. At the time of listing a property in said location please contact the Lake Summerset office at 815.248.2194 for a copy of the resale procedures. The listing REALTOR will also need to be added to the seller's pass list to allow access for themselves and those wanting to view the property. Following the procedures will help eliminate the hold up or delay of a sale.
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TRID-Could there be Another Extension?
According to Phil Schulman, speaker of the July 16 NAR Webcast, it is pretty clear that the Consumer Financial Protection Bureau's (CFPB) recent proposed extension of the enforcement deadline for the TILA-RESPA Integrated Disclosure (TRID) rule will be approved. That date is October 3rd, 2015. However, some industry groups, including NAR, are proposing that the grace period be extended to the end of the year. Read more on this moving target in the real estate industry.
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Call for Action- Patent Trolls
Many in real estate have been hit with patent demand letters for using everyday technology, and House lawmakers have crafted H.R. 9 to help curb the practice. Send a letter to your member of Congress in support of legislation that would help curb abuses by patent trolls.
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Instanet Offers "No Login" Option
Instanet has made some changes to make it easier, faster and more intuitive for signers and reviewers using this tool.
Signers and reviewers no longer need to create a password or login before signing, new signature options are available and they  no longer need to check the boxes to accept the system's disclosures, TOS, EULA, etc. Videos will be posted on the landing page of Instanet, when you login, to allow you to learn more about the changes.
Remember, Instanet offers live webinars for additional office training. Scroll down to the bottom of the page when in Instanet to find out about all the education training options. Members can access Instanet through the Paragon site under resources.
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RPS 205 Approves New Elementary Zones
The Rockford School Board approved a new elementary student attendance plan that redraws attendance boundaries to align with a board-approved 10-year facilities plan. New elementary zones were drawn because of natural population shifts and changes under the 10-year facilities plan, which includes the potential construction of two new schools, 13 additions and closure of eight schools. The plan redraws the 26 existing elementary attendance zone boundaries into 21 zones. The new zones will be implemented in a staggered fashion over the next three years. Full timelines will be available at registration for the 2015-16 school year at which time parents will learn which zones they live in and what to expect in coming years. Read more
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BROKERS
Transfers
Edie Zipse, Dickerson & Nieman
Tanya Boardman, C-21 Affiliated
Vicki Rainwater, Berkshire Hathaway Home Services
Maureen Wilson, Dickerson Nieman, Roscoe
Heidi Krenz-Buchanan, American Dwellings
Joan Hurd, Tovar Realtors
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July 22
Education 1:30 pm
July 23
YPN 1:00 pm
July 24
Annual Golf Outing
"It's a Jungle Out There"
Rockford Country Club
July 22 DR Meeting 3:00 - 4:00 pm
August 5
Business Luncheon
Giovanni's
Lawrence Yun
August 22nd
Rock the Block
September 17
Annual Installation
Franchescos
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Rockford Area REALTORS®
6776 E. State Street
Rockford, IL 61106
(815)395-6776
www.rockfordarearealtors.org |
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The REALTOR Connection, e-mailed to members of the Rockford Area REALTORS®, features industry news, legal Q&A and
Association resources intended strictly for Association members. To change your e-mail address, send an e-mail or call us. We respect your right to privacy. The Rockford Area Realtors does not give your e-mail address to third parties.
To unsubscribe: By unsubscribing, you are directing the Association to discontinue all e-mail to your e-mail address. You will not receive any further correspondence from the Association via e-mail (including but not limited to: education course reminders, political communication such as calls to action, member service information, etc.) To unsubscribe, see below.
815-395-6776
www.rockfordarearealtors.org
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