The Heartland REALTOR® Organization installed new officers and directors at a swearing-in ceremony on Sept. 6.

The Chicago Association of REALTORS® is inducting a new board of directors this month and Sarah Ware, of Ware Realty Group, will take over as president.

Agent commissions of the future could look much different than they do today, as a Department of Justice investigation into the issue of decoupling buyer and broker commissions continues, class-action lawsuits are advancing and associations and MLSs are adjusting their policies.

Illinois REALTORS® Treasurer Matt Silver has received the organization’s Political Involvement Award, recognizing his political and grassroots achievements.

Chicagoland experienced a drop in home sales for both single-family (down 11.2%) and attached homes (down 6.6%) in February, according to a press release from the Mainstreet Organization of REALTORS®.

The ongoing commission battle has one report calling for changes which NAR says could freeze many out of the homebuying process.

As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.

Atlanta’s Rodney Mason, who serves as vice president of mortgage lending with Guaranteed Rate, was named treasurer of the nonprofit, while Anita Blue, who works as an agent and credit restoration consultant at Cap Tex Realty, was named national vice president.

At 37 years old, the new president will be the second-youngest leader of the national nonprofit trade organization, which works to improve the homeownership rate in the Asian-American Pacific Islander community.

“In the coming year, I want us to join together, all 50,000 members, to help make the dream of home ownership a reality for everyone of all income levels, races and genders.” — Illinois REALTORS® President Zeke Morris

It’s that time of year again! As 2021 slowly winds to a close, REALTOR® associations across Illinois are making annual changes. This includes, foremost, inducting new leadership officers.

International buyers purchased 107,000 residential properties from April 2020 through March 2021, marking a 31% decline from the 154,000 residences bought the previous year.

“Here in the Chicago suburbs, we’re seeing developers start to address the shortage of inventory that we’ve been feeling for months.” — MORe Board of Directors President Linda Dressler

“We’re seeing similar pressures across the country, which is why the National Association of Realtors wants to create incentives for homebuilders to help meet the growing housing demand.” — MORe CEO John Gormley

“May’s strong increase in transactions — following April’s decline, as well as a sudden erosion in home affordability — was indeed a surprise. The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings.” — NAR chief economist Lawrence Yun

The nationwide eviction moratorium put into place by the Centers for Disease Control last year last year will end sooner than expected, following a ruling by the U.S. Supreme Court.