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Real Estate License Education
 
 
Managing Broker 4/30/2015

Are you a Managing Broker that would like to revert back to a Broker?

I do not wish to renew as a Managing Broker and would like to revert back to the Broker license. Is this possible?

Please refer to Managing Broker to Broker Transfer Application. Please note ALL requirements and fees will need to meet in order to revert back.

The NEW “Seller Disclosure” form.

Beginning Jan. 1, 2015, a revised Real Property Disclosure Report form (#108) adds windows and doors in the section related to material defects including walls and floors. Click here for the revised form. Not sure if your seller needs to fill out the form? Read more about when the new form should be used.  The form is also available on the PAAR Website, for purchase in the PAARMart and in TM.

IHDA New Mortgage Program - Announcment

Illinois Housing Development Authority Announces New Mortgage Program for Home Buyers and Owners

Check out the @HomeIllinois Mortgage Program

The Illinois Housing Development Authority has unveiled the @HomeIllinois mortgage, a new product designed to make homeownership affordable and accessible for creditworthy borrowers. This product offers $5,000 in down payment assistance.

@HomeIllinois is a safe, 30-year fixed rate mortgage with a suite of a la carte options so first-time buyers, repeat buyers or homeowners looking to refinance can customize the loan to fit their individual need. This is the first time IHDA has offered down payment assistance for repeat buyers. READ MORE>>>

Forms & Contracts Updates

The Peoria County Bar Association and the PAAR Contracts Committee have been diligently working to refine several forms on which updates are needed.  We anticipate their release 1st Quarter 2015.

 

Assign Lockbox To A Listing

Always Assign your REALTOR® Lockbox to the Listing

Remember you are leasing these boxes from the Association and are responsible for their return when you leave the business or no longer have a use for them.  If you fail to return a lockbox that you have leased from the Association the replacement cost is $100.00.  Don’t let this happen, follow the steps to register your lockboxes on the SentriLock website.  It is an easy process to perform either at the lockbox when you place it on your listing or later on SentriLock’s website.  You choose which is best for you and save yourself some money and grief by knowing where your boxes are at all times. READ MORE...

My PAAR Connection Helpful Hints

With the rollout of the new membership system, RAMCO, we have all seen changes.  Here are a couple hints that might help you:

TAX TIME

2014 INFORMATION  - APRIL 15TH IS APPROACHING

If you need to reprint/obtain, duplicate copies of your paid dues, fees, or continuing education orders(invoices).  Log onto the portal by logging into the PAAR website(click here), then click on the MY PAAR CONNECTION button.  Navigate to the “ORDERS” tab.  All paid orders can be opened and printed by selecting the hyperlink for each order.