Completion Deadline: June 30, 2022
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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 in 2023. IAR President-elect Lynn Wheeler and Michael Schmitz of the Indiana Land Title Association explain the changes:
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Indiana REALTORS® continue to champion pro-homeowner property tax reforms. Take this opportunity to talk to your clients about the increased homestead deduction coming their way next year – get the details here.
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Video #10: Sight Unseen Acknowledgement
The latest video in the IAR forms series is now out. Watch below as General Counsel Richelle Mossler discusses the Sight Unseen Acknowledgement form.
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Catch up on past videos here. (Website login help: username = NRDS #, password = last name in all lower case.) Got a forms question? Ask your Managing Broker to call the IAR legal hotline: 1-800-444-5472. Your Managing Broker can authorize you to contact the hotline as well.
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Legal Update: Buyer-paid concessions and commissions
In today’s competitive market, some buyers are flipping the traditional scenario and offering to pay seller’s closing costs to make their offers more attractive. But can these buyer-paid concessions include real estate commissions? Read the guidance from IAR’s legal department.
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Pride/Homeownership Month
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LGBTQ+ Real Estate Alliance: Involvement Can Make a Difference
As we continue the month of June, we also continue our support of Pride Month. Individual brokerages, local lenders, title firms and ancillary service providers are encouraged to showcase their support of LGBTQ+ real estate professionals and the entire community.
Become an Alliance member. Membership is open to real estate and housing industry professionals in the LGBTQ+ community, straight-identifying allies and all those who support fair + equal housing.
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IHCDA highlights homeownership programs:
During National Homeownership Month, IAR recognizes public sector partners like the Indiana Housing and Community Development Authority (IHCDA) for promoting homeownership through programs assisting Hoosiers with closing costs, down payments and low-interest fixed-rate loans. Over the last year-and-a-half, IHCDA has funded or reserved more than 4,000 home loans with a mortgage volume of nearly $650 million! For more information about IHCDA’s homeownership programs, visit https://www.in.gov/ihcda/.
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RECP Is Here To Help
RECP will be open the last two Saturdays of June, 8am-noon to field questions and help everyone complete their continuing education before the June 30th deadline.
If you need help or have questions Contact RECP at:
info@recp.org | 1-800-742-4067
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Calling All Good Neighbors
We are now accepting Indiana Good Neighbor Award nominations. This honor recognizes members for the good work they do in their communities. Find out more at the link above.
The honoree will receive a $5,000 one-time award to the non-profit with which the Indiana REALTOR® Good Neighbor is involved.
A special thank you goes out to RECP for being this year's sponsor!
Questions? Email Kathleen Bender
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Follow us on Social Media:
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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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