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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 graduate, professional and doctorate degrees in the Indianapolis and Ann Arbor MSA’s earn just about the same annually: $65,707 vs. $65,863. Visit and bookmark it for future visits. 

Mark Your Calendar  

For information on MIBOR Division meetings. More

FREE BLC® Listing Service Training. More

Technology Fee due. Pay online here. 

Broker/Owner Meeting.  Registration Required.




Hot Topic


A Generational Look at Buyers and Sellers
A recent National Association of REALTORS® (NAR) study of generational buyer and seller traits reveals differences in how Gen Y, X, Boomers and the Silent Generation approach buying and selling their home as well as their view on the professional REALTORS® who assist them. Among the findings:

  • Gen Y (born 1980-1995) comprise the largest share of buyers. “Helping them understand the process” was the biggest benefit of using a REALTOR® for 76 percent of this generation. Biggest community influencers are convenience to job with 37 percent concerned about commuting costs.
  • Gen X (born 1965-1979) comprise the largest share of sellers, have the highest income and largest share of married couples. They buy primarily for a larger home or job relocation. 
  • Young Boomers (born 1955-1964) plan to live in their homes 20 years and 22 percent purchased multi-generational homes primarily for older children moving home followed caretaking of aging parents.
  • Older Boomers (born 1946-1954) are influenced by location of friends and family, affordability and convenient shopping. Of this generation, 27 percent report owning more than one home. This generation is most the likely to use their REALTOR® again or recommend their agent to others.
  • Silent Generation (born 1925-1945) make up the smallest share of buyers and sellers. 18 percent of this generation purchased a multi-generational home.  

Click here to download the full study findings. 

Technology Tip

Bedroom Definition Modification
In order to qualify with appraisal standards, MIBOR has revised the definition of a bedroom. Under the revised definition, the bedroom must have a closet in the room or master bedroom suite (not just "nearby"). Other requirements of a bedroom are: a door (cannot be a "walk-through" to another room or bedroom) and two means of egress. The BLC® Business Rules have been updated,  click here for a copy of the BLC® Business Rules. 

Free Training!
The latest schedule of complimentary Fusion™ training has been posted. 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.  






Mar 18

1:30 - 3:30



Mar 19

9:30 - 11:30



Mar 26

1:30 - 3:30



Other News from MIBOR


2,000 MIBOR Salespersons STILL need to convert to Brokers before June 30, 2014!
MIBOR is continually monitoring the salesperson licensees who still need to convert to broker licensees before the end of June. At latest count, the number was over 2,000. However we have found that approximately 15 percent of those have converted, but not notified MIBOR. Please ask you agents who have completed the transition to send their new license number to MIBOR membership so that we may verify with IPLA.  More

Technology Fees Due March 21st: Auto Pay Makes It Easy
Your technology invoice was sent at the end of February and invoices are due next Friday, March 21st. If you have not already paid and wish to sign up for AutoPay, please do so before March 20th. The AutoPay authorizations will be charged on March 20th. By keeping a credit card authorization securely on file, you save yourself the hassle of remembering Tech Fee and Membership Dues remittance dates and your account is always current. To sign up for AutoPay now,  click here

Senate Approves Homeowner Flood Insurance Affordability Act
On March 13, 2014, the United States Senate voted 72-22 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370). The Senate acted quickly to pass the bill as amended by the House to avoid the need for a conference committee to reconcile any differences. The new bill further reins in and holds the Federal Emergency Management Agency (FEMA) accountable for the Biggert-Waters implementation issues. More

Broker Page Has It All
On the newly designed website, information about Broker/Owner meetings, archives to the publication and more are housed in one spot. Click here to access the Broker page and bookmark for easy return. 

REAL Trends Seeking  Most Productive State
REAL Trends issued a survey to find the most productive agents and teams across America. The minimum required for inclusion is 50 closed residential transaction sides or $20 million in closed sales volume for individual sales agents and 75 closed transaction sides or $30 million in closed sales volume for teams. This is based on calendar year 2013 results. Leases and rentals are not included in this report. Please be aware there is a $40 application fee. The deadline to apply is March 31, 2014.  To apply, click here. For more information contact Jaime O’Connell at or 303­.741 ­.1000.​


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