Create professional development programs that help REALTORS® strengthen their businesses.
Protect private property rights and promote the value of REALTORS®.
Advance ethics enforcement programs that increase REALTOR® professionalism.
Protect REALTORS® by providing legal guidance and education.
Stay current on industry issues with daily news from Illinois REALTORS®, network with other professionals, attend a seminar, and keep up with industry trends through events throughout the year.
Federally related residential real estate transactions for properties under $400,000 will need evaluations instead of full appraisals, according to a report by the National Association of REALTORS®.
The report follows last week’s decision by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System to formally accept a final rule raising the threshold for residential real estate appraisals from $250,000 to $400,000.
Examples of federally related transactions include loans from the Department of Veterans Affairs, the Federal Housing Administration or the Rural Housing Service, NAR reported, or non-Fannie Mae or Freddie Mac transactions.
