Video: Lilliard 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.

Illinois REALTORS® supports Gambino with independent expenditures

Registered voters in the city of Rockford’s 1st Ward have received postcards asking them to vote for REALTOR® Frank Gambino for 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.

Gambino is the broker/owner of Gambino Realtors in Rockford and the owner of Gambino Homes, LLC. He is a former Winnebago County board member, and was a former majority leader on that board. He is a Republican.

See, share the January Housing Market Report video


Illinois REALTORS® provides you with statewide monthly market analysis and breakdowns for Chicago and the Chicago PMSA, including a quick-hitting video with three REALTORS® who provide explanations of the January numbers and what they might mean for February and beyond.

The individuals are: Tim Ryan of Real People Realty in Mokena, Vicky Sampah of the Abri Group, LLC in Plainfield, and Carrie Bey-Little of Baird & Warner Real Estate in Glen Ellyn.

See it now at https://youtu.be/u6HJQlpzwLQ.