U.S. Rep. Jan Schakowsky talks to members of the Illinois Association of REALTORS® on Monday, March 10, 2014, as part of the association's Let's Talk Real Estate series of meetings with elected officials. The event was held in Glenview.
REALTORS® from the Ninth District came out Monday, March 10, for a luncheon and discussion on several issues at the Let’s Talk Real Estate event for Congresswoman Jan Schakowsky.
Issues such as commercial and residential real estate finance, tax policy and data security were covered.
Congresswoman Schakowsky has in-depth knowledge of the issue of data security from her role on a task force to study issue in the House Committee on Energy and Commerce.
One area of discussion where the members and the Congresswoman would like to have continued talks is in the area of senior housing. This topic came up during the market reports part of the program and it is one of much importance to her.
Federal Political Coordinator Marilyn Glazer and her contact team continue to keep the Congresswoman informed on issues such as these and many others concerning real estate.
As home prices have risen, so too has the number of U.S. homeowners who have regained positive equity in their homes. According to CoreLogic’s 2013 Equity Report, 4 million more homeowners returned to positive equity on their homes last year, NAR reports. While 42.7 million homeowners now have positive equity, there were still 6.5 million underwater homeowners by the end of 2013.
In other headlines:
Program helps Rockford and Freeport residents buy vacant homes – WREX
Bill to Help Ease Flood Insurance Hikes – WHBF
Home Sales Down in Rockford Area – WIFR
Chicago can have a manufacturing future – Chicago Sun-Times
By April 30, 2014 Illinois Broker licensees must have completed the continuing education (CE) requirements and applied to renew their license through the Illinois Department of Financial and Professional Regulation (IDFPR).
The Illinois Association of REALTORS® has created a 2014 Broker License Renewal Q&A to answer some of the questions you might have regarding renewal. Here are a few and you can find the rest at www.illinoisrealtor.org/2014brokerrenewal-QA.
Q: When is the IDFPR renewal open?
The renewal opened February 7, 2014. You will be receiving a yellow post card from the IDFPR with your renewal information and PIN# to enable you to renew online. You can renew online with a credit card or print a paper copy and mail in your renewal to the Illinois Department of Financial and Professional Regulation, PO Box 7086, 320 West Washington Street, Springfield, IL 62791. You may check IDFPR’s site at https://www.idfpr.com/Renewals/RealEstateBroker.asp.
Q: What are the fees for renewal?
The $150 Illinois licensing fee must be paid to the Illinois Department of Financial and Professional Regulation (IDFPR) by April 30, 2014.
Merrionette Park, Ill., voters will get a chance soon to defeat a home rule initiative on the ballot. This mailer was sent to many households there.
Want a recipe for bad tax policy? Look no further than efforts by local municipalities to implement Home Rule status.
Merrionette Park is the latest community to try this approach, and IAR is working to help defeat the measure.
Home Rule ballot initiatives allow a municipality’s board to make local property tax decisions, not the taxpayers. According to Illinois law, local governments “may exercise any power and perform any function pertaining to its government affairs.”
A municipality could also implement point-of-sale inspections or landlord/tenant ordinances which could layer on additional costs for renters or buyers and sellers.
“As we all know, when a local municipality is empowered with home rule authority it seems for many that they have a “blank check” to do how and what they feel, especially on the revenue side,” said Tom Joseph, a governmental affairs director for IAR.
IAR is working with local REALTORS® in Merrionette Park to stop the home rule effort. Already, a mailer is being sent to local residents warning them of the dangers of adopting the policy.
Learn more about Home Rule here.
Illinois REALTORS® met with U.S. Rep. Randy Hultgren Friday, March 7, 2014 as part of the Let's Talk Real Estate meetings.
Illinois REALTORS® had breakfast Friday (March 7, 2014) with U.S. Rep. Randy Hultrgren, who represents Illinois’ 14th Congressional District.
Hultgren met with REALTORS® as part of the ongoing Let’s Talk Real Estate series of gatherings where IAR members discuss with a congressional representative the impact of federal housing policy.
Hultgren was able to hear about what is going on in the real estate market updates in his district. Sue Miller of McHenry, Chris Tenggren of Elburn, and Sue Wiskowski-Fair of Aurora provided statistics and commentary regarding trends in the industry.