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Broker Blast - a brokers only e-newsletter publication of the Metropolitan Indianapolis Board of REALTORS


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Stat of the Week 
Did you know you can help clients estimate what the property tax bill would be based on major exemptions and deductions by using the Property Tax Estimator on the Stats House database®? Visit www.thestatshouse.org and bookmark it for future visits. 
 
Mark Your Calendar  

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For information on MIBOR Division meetings. More

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FREE BLC® Listing Service Training. More










 


Hot Topic




Baby, It’s Cold Outside 
Much of the U.S. has been in the grip of unseasonably cold temperatures and heavy snow this winter, and central Indiana has certainly not been immune to winter’s grasp. The immediate result for homeowners? Utility bills are heating up.

According to the National Association of REALTORS® (NAR’s) 2013 Home Buyer and Seller Profile, a home’s environmental efficiency has increasingly factored into consumer’s home buying decisions due to rising energy costs. In fact, heating and cooling costs were at least somewhat important to 85 percent of recent home buyers. When consumers in central Indiana were asked the same question, 86 percent considered energy costs at least somewhat important. 

    To see a full review of demographics as well buying and selling behavior of central Indiana consumers,  click here

    Technology Tip
    BLC® Upgrade in Place
    The BLC® listing service received an upgrade on Wednesday, January 29th. To see the new/modified functionality, please click here . If you should have any questions, please email helpdesk@mibor.com or call (317)956 -5000 x1.

    Complimentary Training Awaits You!
    The latest schedule of complimentary Fusion™ training has been posted. This is the perfect opportunity to start your year off right. Please note that some classes require Basic as a pre-requisite. As a convenience, there are a few instances of Basic being offered in the morning and CMA or Prospecting class offered in the afternoon of the same day. For a description of training classes,  click here. For online registration,  click here and select “Register for Classes” or call Tech Support (317) 956-5000  x1. 

    Day   Date      Time                    Class
    Thr   Feb 6      1:30 - 3:30    Basic
    Fri   Feb 7      9:30 - 11:30    Prospecting
    Thr   Feb 13      9:30 - 11:30    Basic
    Thr   Feb 13      1:30 - 3:30    CMA
    Fri   Feb 21      9:30 - 11:30    Basic
    Thr   Feb 27      9:30 - 11:30    Basic
    Fri   Feb 28      9:30 - 11:30    Advanced
    Other News from MIBOR 
    The License Transition Year is Upon Us! Are You Ready?

    The much anticipated transition year is here and with less than six months to go, make you and each of your agents is prepared. 

    BROKERS
    Brokers who received their broker’s licenses prior to July 1, 2012, MUST complete 24 hours of continuing education no later than June 30, 2014. These 24 hours include the 16 that were required as part of the normal renewal cycle, and an additional 8 that are required prior to June 30, 2014. Brokers who have received their broker’s licenses since July 1, 2014 by taking the 24-hour transition course do not have to take any further continuing education before July 1, 2014. For more information,  click here.

    SALESPERSONS
    June 30, 2014 is the deadline for salespersons to have completed the 24-hour transition course.  Salespersons who have not completed this requirement by the deadline will lose their licenses and will be required to re-take the broker licensing course.  There is no grace period. For more information,  click here.

    Important Tax Information for MIBOR members
    When doing your taxes this year, don’t forget the non-deductible portion of dues. Compliance with the Tax Reform Act of 1993 requires that the portion of dues attributable to lobbying and political activities at the State and Federal levels of government be considered nondeductible for income tax purposes. The following amounts represent the non-deductible portion of REALTOR® dues.  

    National Association of REALTORS®

    42% of $120 = $50

    Indiana Association of REALTORS®

    18% of $180 = $32

    Metropolitan Indianapolis Board of REALTORS®

    1 % of $250 = $3

    Total non-deductible dues

    $85


    Note: Dues billing also includes a $35 NAR Public Awareness Campaign special assessment that qualifies as fully deductible. Note: RPAC contributions, which may have been paid with member dues, are not tax deductible.  If you have questions, please contact Chris Pryor, MIBOR Government Affairs Director at 956-5240 or  chrispryor@mibor.com.  


     




    2014 MIBOR, 1912 N. Meridian St., Indianapolis, IN 46202 317-956-1912
    www.mibor.com

     

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