Legal Webinar: Does your office have Errors & Omissions insurance?

Insurance Coverage and Products for Brokers - June 16, 2016An important question for Illinois REALTORS® is whether they are covered by Errors & Omissions (E & O) insurance. If so, they should not hesitate to ask insurance providers questions in advance of any claims, so they have a better understanding of their E & O policy. For example, are there circumstances under which the deductible might be waived?

The value of insurance providers as resources to REALTORS® was just one of the specific suggestions emphasized during the Illinois REALTORS® Legal Webinar Thursday morning, “Insurance Coverage and Products for Real Estate Brokers.” Legal Hotline Attorney Betsy Urbance and Transaction Helpline Attorney Jeff Baker informed members about the major sections of the CNA policy endorsed by Illinois REALTORS®, and suggested members shop for E & O insurance or perform a review of their particular policy.

They also spoke about commercial general liability insurance and cyber liability insurance policies.

In addition to the insurance discussion, the webinar offered members:

  • recommendations from the Department of Housing and Urban Development (HUD) about ways to avoid problems using information from criminal background checks when determining eligibility for rental housing;
  • a progress report on Federal Aviation Administration rules approval for commercial drone use; and
  • an explanation about the continuing requirements to protect non-public, private information (NPI) of your clients.

For more information on this member-only benefit, REALTORS® can log in and download the webinar or listen to the audio-only version.

Make time for the Illinois REALTORS® Legal Webinar Thursday morning

Insurance Coverage and Products for Brokers - June 16, 2016

“Insurance Coverage and Products for Real Estate Brokers” is the featured topic during the Illinois REALTORS® Legal Webinar at 9:30 a.m. Thursday.

Space is limited for the WebEx meeting and members must login to join the webinar with Illinois REALTORS® Legal Hotline Attorney Betsy Urbance and Illinois REALTORS® Transaction Helpline Attorney Jeff Baker. If you have a question in advance of the webinar, you may submit it via email to webinar@iar.org.

Illinois REALTORS® who can’t participate in the webinar can access a recording within 48 hours of its completion at: www.illinoisrealtors.org/legal/webinars.

Make time for the Illinois REALTORS® Legal Webinar June 16

Il REALTORS Legal Webinar

“Insurance Coverage and Products for Brokers” is the featured topic during the Illinois REALTORS® Legal Webinar at 9:30 a.m. Thursday, June 16.

Space is limited for the WebEx meeting and members must login to join the webinar with Illinois REALTORS® Legal Hotline Attorney Betsy Urbance and Illinois REALTORS® Transaction Helpline Attorney Jeff Baker. If you have a question in advance of the webinar, you may submit it via email to webinar@iar.org.

Illinois REALTORS® who can’t participate in the webinar can access a recording within 48 hours of its completion.

Only 13 days left to buy ROTY banquet tickets

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Order tickets now for the 35th Annual REALTOR® of the Year (ROTY) Banquet, scheduled for June 21 at the Abraham Lincoln Presidential Museum in Springfield. The deadline for ordering is June 15.

The event will honor the accomplishments of the 2016 Illinois REALTOR® of the Year Chris Read and 25 local ROTYs from across the state. Place your order online or use the ticket order form now.

Among the local honorees will be:

  • Charles Lindhart of McCabe REALTORS® in DeKalb, who is also a member of the Hometown Association of REALTORS®. He is a past president and served as director of the Hometown board. His community involvement includes the Salvation Army, the Ben Gordon Mental Health Center and the board for the Oak Crest Retirement Center.
  • Beckie Chismarick of RE/MAX Country in Streator, who represents the Illini Valley Association of REALTORS®. She’s been active in Illini Valley for nine years, serving on the board of directors and on several committees. In the community she volunteers for the local Kiwanis Key Club, the Streator Leading Ladies Scholarship Committee, the Save Investment Club, the Streator Chamber of Commerce and Industry and the SCCI Leads Group.
  • Shirley St. Germaine of American Universal Realty in Bonfield, who is a member of the Kankakee-Iroquois-Ford Association of REALTORS®, where she serves on the local Grievance Committee, Government Affairs and the Homebuyers Task Force. At the state level, she’s served on several committees and currently assists with the Professional Development MIG and the REALTORS® Political Involvement Committee. She is the State Legislative Contact for Senator Toi Hutchinson.
  • Tonya Corder of Century 21 Affiliated of Homewood, a former president of the Mainstreet Association of REALTORS®. She is an NAR director focusing on the promotion of diversity. She used NAR’s Diversity Program to educate and inform Mainstreet’s leadership. She formed the local association’s Diversity Task Force and established a diversity statement for the association.
  • Allyson Hoffman of RE/MAX Villager in Glenview, a member of the North Shore-Barrington Association of REALTORS®. She has served on the state and local board of directors, as well as numerous committees. She is active with the local MLS, WCR, CRS and Cyberstars. She is a past recipient of the RE/MAX International Lifetime Achievement Award.

The banquet is jointly sponsored by the Illinois REALTORS® and the Real Estate Educational Foundation (REEF). See the first and second blog posts in this series of previews about the event.

Note temporary hours for REALTORS® Legal Hotline and Transaction Helpline

Legal Services logoThe Illinois REALTORS® Legal Hotline and Transaction Helpline will operate with shorter hours from May 16 through May 27.

The hotline and helpline will be open from 8:45 a.m. to noon Monday through Friday during those two weeks. Transaction Helpline Attorney Jeff Baker will be available to answer calls, but may not be able to return messages until the next business day.

Association members may receive quicker responses if they email Baker directly at jbaker@illinoisrealtors.org.

Both the hotline and helpline are tentatively scheduled to return to normal hours of operation after the Memorial Day weekend, on Tuesday, May 31.