Registration is OPEN for the 2022 Indiana REALTOR® Stakeholder Meeting, September 19 - 20:
Don’t miss the live return of IAR’s annual meeting – register today for the 2022 Indiana REALTOR® Stakeholder Meeting in Indianapolis, September 19-20.
All members are welcome to attend IAR’s first in-person Stakeholder Meeting since 2019. This event is a can’t-miss opportunity for:
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- Leaders and aspiring leaders seeking ways to get more involved in their local associations, at the state level and in the community.
- REALTORS® looking to maximize their IAR membership and all the resources and benefits it offers their businesses.
- Any member eager for an in-person agenda filled with market insights, professional development, networking opportunities and more.
If any or all of these describe you, check out the full schedule and get registered today.
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Making the Grade with Member-Benefit CE:
With the June 30th deadline behind us, we can report that a record number of Indiana REALTORS® completed member-benefit Continuing Education through RECP! A new twelve hour CE package will be released in mid-July, including courses on winning negotiating strategies and how REALTORS® can be smarter about buying, selling or showing listings with ‘smart home’ technologies.
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Extra Credit - CE 101:
The latest CE deadline is passed, but here’s a brief summer school lesson covering the basics ahead of the next twelve-hour, twelve-month cycle.
Did you know: There’s no CE requirement for the first two full years after initially receiving your license (you’re busy enough tackling the required 30-hour post-licensure courses); we routinely receive questions from new brokers trying to start their regular CE too early.
Did you know: So if your license was issued from July 1, 2019, to June 30, 2020, the clock has officially started on your first annual CE requirement: You have from July 1, 2022 to June 30, 2023 to complete 12 hours.
Did you know: This adds up to 36 hours of CE required for each three-year license renewal cycle; you must complete all 36 hours for 2021-2023 before renewing your license on June 30, 2023 (and you can’t wait and do all 36 hours in the third year).
Did you know: If you don’t complete your CE, the Indiana Real Estate Commission could fine you $1000 and suspend your license.
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Less paperwork, more property tax benefits coming in 2023
Starting next year, Hoosier homebuyers won’t have to file a separate mortgage tax deduction to maximize their property tax benefits. Instead, all homeowners will receive an increased homestead deduction to make up the difference and simplify the process. IAR President-elect Lynn Wheeler and Michael Schmitz of the Indiana Land Title Association explain the changes:
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Putting Broadband Speeds to the Test:
High-speed internet service is important for more than bingeing Season 4 of Stranger Things. Broadband coverage impacts housing values, quality of life and economic development (especially with remote work trends).
IAR is part of a push to accurately measure high-speed internet access across Indiana; updating broadband service maps could mean more state and federal infrastructure funding for rural areas on the wrong side of the digital divide.
We’re asking all REALTORS® to take the Indiana Speed Test and consider asking colleagues and clients to do the same – it’s an easy and important way to chip in for more connected, competitive communities across Indiana. Read more here.
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Leaders Aren’t Born, They’re Made – Make Your Mark:
Are you ready to lead? Build your confidence and invest in yourself? Apply to the Indiana REALTOR® Leadership Academy’s Class of 2023. The Leadership Academy identifies emerging leaders from local associations, trains and motivates them to positively influence the future of REALTOR® organizations, their profession and the industry.
The deadline is August 1, 2022 – and let’s just say procrastination isn’t a leadership trait: Only eighteen members are accepted into the Academy each year, so don’t wait: https://indianarealtors.com/about-us/leadership-academy/
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Housing Data:
Rising mortgage rates and elevated inflation are pushing Indiana towards a more balanced housing market after the hyper-competitive climate of the past two years, but activity is still brisk: Closed sales in May were nearly 2% above last year. (While higher mortgage rates add hundreds of dollars to the typical monthly payment compared to last year, even today’s rates are only elevated compared to post-2008 lending trends.)
Year-to-date (January through May) closed sales are also stable despite the economic headwinds – below 2021 by less than 1%, or just over 200 properties. Including preliminary data from June, pending sales are still running slightly ahead of the first six months of last year.
Listings are also up roughly 4.5% year-to-date. But despite a smaller gap between housing supply and demand, a longer-term decline in inventory combined with strong net migration to Indiana after 2017 and other factors have kept median prices rising (15% YTD). See the final May summary here.
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Capitol and Market. It’s not only our address but also what we do. IAR backs you at the state Capitol and works to keep REALTORS® at the center of their local market. This monthly newsletter will report on these efforts, as well as all the other information you’re entitled to as a member.
Add news@indianarealtors.com to your address book and be sure to let your local association know when you change email addresses (that’s where we get your contact). Thank you for reading and thank you for your membership.
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