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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.

Caterpillar’s World Headquarters

President Phil Harvey

The recent announcement by Caterpillar to keep and expand its global headquarters in Peoria is great news for the Peoria area and we think will be a boost for the housing market in our area. It is a positive sign for consumer confidence as Caterpillar has announced its investment in our community and vitally important to our area's stability and growth.

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>>>

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.

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.

 

Lockbox Battery Information

IMPORTANT

It is importnant for you to pay attention to your emails regarding low batteries in your lockboxes and replace them as soon possible.  Don’t be caught with a dead box hanging on a house.  Replacement batteries area available at the PAAR office.  Click here to learn more about...

  • How to I know if the batteries are running low in my lockbox?
  • What does it mean when the message light is flashing on a lockbox?
  • What happens if the batteries die?
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.

Ethics Citation Program

The Illinois Association of REALTORS® has recently instituted a new “Ethics Citation Program” which is a somewhat abbreviated process of filing a complaint that can be used by consumers or REALTORS® under certain articles of the Code. Here is a description of this program: Approved by IAR’s board of directors in 2014, the Ethics Citation Program allows REALTORS® and consumers working with REALTORS® to file complaints stemming from violations of certain

Enrollment For Health Insurance

Limited Time Special Enrollment For Health Insurance

Did you or will you pay a tax penalty for not having health insurance in 2014?  If you didn’t enroll in a 2015 plan during Open Enrollment you may qualify for a limited time Special Enrollment Period and avoid another penalty next year. Enrollment reopened March 15 and runs through April 30, 2015.

Education Scholarships

REEF Scholarship Deadline is April 1