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“I’m Already a Broker, Why Does June 30th Matter to Me?”
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 The Stats House®  features school district interactive maps to help you help your clients. 
Visit and bookmark it for future visits.
Mark Your Calendar  

For information on MIBOR Division meetings. More

Free BLC® Listing Service Training . More

CIRA Inagural Trailblazer Awards Luncheon. More

REALTOR® Foundation Feed the Fight. More

Broker Transition Deadline. More

Online Calendar of Events. More


Hot Topic


Who are REALTORS®? That’s the central question trying to be answered by NAR’s Annual Member Profile. The Profile, released each spring, looks at a variety of economic and demographic characteristics, and business practices. Take a look at some key findings to determine if this describes your agents. According to the Profile:

  • In 2013, the typical agent had 12 transactions—the same as in 2012, but higher than the 10 transactions typically had in 2011
  • Twenty-two percent of residential brokerage specialists also had at least one commercial transaction side in the last year.
  • Forty-six percent of residential brokerage specialists had a transaction involving a foreclosure and 42 percent had a transaction involving a short sale. Both types of transactions decreased from 2012.
  • For the first time, the difficulty finding the right property has surpassed the difficulty in obtaining mortgage financing as the most cited reason for potential clients being limited.
  • The typical property management specialist managed 30 properties in 2013.
  • The median gross income of REALTORS® was $47,700 in 2013, up from $43,500 in 2012.
  • The median gross income of REALTOR® households was $105,500 in 2013, which is an increase from $99,400 in 2013. This is a three year increase in household income among members.

Click here for a more detailed executive summary. 

Technology Tip
Fusion™ Training Classes Continue
Although class times have been reduced to focus on the Matrix™ transition, complimentary Fusion™ training continues. This is especially important for members working in a Macintosh platform. 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. More

Other News from MIBOR 
“I’m Already a Broker, Why Does June 30th Matter to Me?”
In the last few months, MIBOR has been promoting June 30th as the deadline by which all salespersons will need to complete the broker transition. And that’s true. By June 30th, all salespersons will need to have completed the 24-hour class, submitted the paperwork to IPLA, receive a new license number and report that number to MIBOR at Keep in mind, that is a lot of steps in a little more than 30 days. You can play an important role in making sure your agents have complied by reminding them of this obligation. However, don’t forget about YOUR need to comply with education requirements as well. 

Due to a revision to license law, the deadline for brokers (who received their broker’s licenses prior to July 1, 2012)to complete their normal 16 hours of continuing education and renew their licenses has been extended to June 30, 2014. In addition, between the time period July 1, 2013 and June 30, 2014, brokers have to complete 8 hours of continuing education which must include a 2 hour Indiana license law course. This is a total of 24 hours which needs to be completed by June 30, 2014. 

Salespersons who obtained their broker’s license by way of the 24-hour transition course between July 1, 2012 and June 30 2014, do not need to complete any further education during this time period.   

If you have any questions about the transition steps, click here

Annual Dues Mailed 
MIBOR has mailed your annual dues statement for collection of MIBOR, IAR and NAR dues. You should receive an invoice early this week. Please be aware that invoices are due July 1st. Click here to pay online. 

NAR Hosts Broker Summit 
NAR will host its second annual Broker’s Summit August 6-7, 2014 in Atlanta. Brokers can take part in roundtable discussions and network with colleagues, hear advice on best practices and legal issues, and hear from top brokers in RISMedia’s Roundtable Discussion. The current registration fee for the Broker Summit is $79, the price move to $99 on July 1st. Click here for the program agenda and registration link.   

Memorial Day Observance
In observance of Memorial Day, the MIBOR office is closed today. We reopen at 8:00 a.m. on Tuesday, May 27th. 


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