As you may recall from the recent CFPB training, a timeline form was created to help you stay on top of your transaction deadlines. It is called the REALTOR/Lender/Title Contract Date Timeline form and it is set up for your use in the Transaction Management system. CHECK IT OUT!
As you know, the new TRID changes require Agent and Office License Numbers. In order to help you with this new requirement, we now have both numbers available in the Paragon system. Simply follow these instructions:
In an effort to assist with the new TRID changes and a few housekeeping adjustments, the Contracts Committee of PAAR and the Peoria County Bar Association would like to call your attention to the following forms which have had language changes:
But keycards should not be tossed in a drawer!
Keep your keycard backed up in case of weak cell phone service or your battery is dead/low. If the lockbox is not opening with the app, update and use the keycard before reporting faulty boxes to the listing agent. Also pull that keycard out for PAAR committee, and meeting registrations…..when you attend a meeting check-in with your sentrilock card…1,2, 3!
Did you know that you could be fined for lending your SentriCard to another person?
According to PAAR’s Electronic Lockbox System Policy a lessee cannot loan, lend, borrow, rent, share, sell, transfer or allow temporary possession of their SentriCard to another licensee or any other person for any purpose at any time. SentriLock Support will terminate your services immediately if they determine you are not the cardholder.
Too Many Lockboxes in your inventory…… Return excess lockboxes now and save on your 1st Quarter invoice!!!
Invoices for 1st quarter 2016 MLS fees will be sent out on November 13 and includes lease fees for lockboxes currently in your possession. If you feel you have an excess amount of lockboxes in your inventory, now is the time to return any extras to PAAR.
Please note: December 18, 2015 is the deadline without penalty fees and to return any lockboxes that you do not wish to lease for the next lease period of January through June 2016. The penalty period for late payments is December 21 – 31, 2015.
What are some general guidelines for advertising that a real estate licensee should be concerned about?
Below are some general guidelines for advertising that can be found within the body of the License Act. See Sections 10-30, 10-35 for License Act requirement on advertising in the Real Estate License Act (.pdf file). Also see 1450.715 and 1450.720 of the Rules for the Administration of the Real Estate License Act of 2000. Article 12 of the REALTOR® Code of Ethics offers additional guidelines for advertising.