I’m the listing agent — and my client just signed a listing contract, what's next.

Fully executed listing contracts must be submitted to the MLS within three (3) calendar days to be in compliance with IRMLS Rule Section 1 Listing Procedures.

What if the listing been publicly marketed (Facebook, sign in yard, email blast, etc)?

That ups your timeline to submit your listing to the MLS within one (1) business day to be in compliance with IRMLS Rule Section 1.01 Clear Cooperation.

What if the listing is not ready to be shown?

IRMLS provides the 'Listed Coming Soon' (LCS) status to account for delayed showings. Your listing is entered with the LCS status (and signed authorization form) to delay showings up to 21 days. Listings in LCS are marketed like Active listings, but cannot be shown until the listing is Active.

What if the listing is not ready to be shown OR marketed?

Your client must sign an IRMLS Registered Office Exclusive form which must be submitted to info@raci.org within three (3) calendar days of listing agreement signatures. This fulfills 'submit your listing to the MLS' in IRMLS Rule Section 1 Listing Procedures.

No public marketing (sign, Facebook, etc,) can be done under the ROE. If publicly marketed you must make listing immedistely Active.

I’m the buyers agent for a listing NOT in the MLS — and my client's offer was accepted, what's next.

Listings may be submitted to IRMLS for volume or comp purposes within 30 days after closing.

I brought the buyer to a FSBO or builder. How do I get credit for the sale?

To receive volume credit for a sale outside the MLS you may enter the sold listing as list agent and selling agent. Submit the MLS# to RACI through Sold Comp Listing (RACI Nonmember) Change Form on the Paragon Home Page. RACI will update the list agent to RACI Nonmember.

I brought the buyer to a MIBOR or other MLS listing. How do I get credit for the sale?

To receive volume credit for a sale outside the IRMLS, first search for list agent in Paragon Member Roster. If they are not listed in Paragon you may enter the sold listing as list agent and selling agent. Submit the MLS# to RACI through Sold Comp Listing (RACI Nonmember) Change Form on the Paragon Home Page, indicate List Agent & Office. RACI will update the list agent to RACI Nonmember if the agent is NOT an MLS Only with IRMLS.

I had both sides of the transaction. Why does the list agent get changed to RACI Nonmember?

To receive volume credit for both the listing and selling sides, you must have a properly executed listing contract paired with a Registered Office Exclusive form that was submitted to RACI within three (3) calendar days of listing agreement signatures.

An agreement with a FSBO for payment if you bring the buyer is not a listing contract and does not fulfill the requirements to enter in the MLS.

IAR’s library of more than 140 legal forms covers every step of the home buying and selling process: All Indiana REALTORS® use a consistent set of statewide forms for convenience and confidence that transactions are smooth, efficient and by the book – whether you’re working close to home or helping a client in another corner of the state.

IAR’s Legal Department and our volunteer Forms Committee work to update this forms library annually to comply with state and federal law, professional standards and to address member input on issues and scenarios they’ve encountered in their businesses.

We’re pleased to provide an overview of revisions and additions to IAR legal forms for 2024. These forms will be available to members on January 2nd, 2024.

RENEWING IN 2024? GET YOUR INDIANA REALTOR® LICENSE PLATE!

REALTORS® rack up plenty of mileage in the course of day-to-day business…and soon you’ll be able to show your professional pride every time you get behind the wheel. IAR is pleased to announce that a new Indiana REALTOR® specialty license plate will be available for vehicle registrations and renewals starting January 2024!

When you renew in 2024, get your REALTOR® plate through the Indiana BMV. Specialty plate fees ($25 per registration) benefit the REALTOR® Education Foundation – more details coming soon!

Jeff and the DRE crew discuss generative AI ChatGPT tools and the impact they’re having on agents as individuals and the industry as a whole. Jeff explains that many of the tools being introduced, especially the Market Trends ScriptWriter from RPR, are so easy to use and have so many benefits, that not using them is a real missed opportunity. On the flip side, the group also talks about the concerns of relying on too much AI and how to avoid these pitfalls.

Hit “Play” and hear how AI (and RPR) are making it easier for REALTORS® to market themselves and navigate a tricky market.

Decoding Real Estate is hosted by Reggie Nicolay and Genie Willett.

June 30, 2024 will be here before you know it. What better time than the holidays to complete your member benefit CE?

Complete your member-benefit OnDemand CE by Dec 15, 2023 and be entered to win. Each class completed (there are four classes in the package) is one contest entry.

12-hour BROKER Continuing Education OnDemand 2024 Package includes:

1. Down Payment Assistance Programs - 2 Hours
2. Case Studies From the Code of Ethics - 3 Hours
3. SML Risk - Security, Markets and Legal - 4 Hours (Both Broker & Managing Broker)
4. Appraisals and Appraisers - 3 Hours

IF YOU ARE A MEMBER OF THE INDIANA ASSOCIATION OF REALTORS, YOU HAVE ALREADY RECEIVED THIS PACKAGE AT NO COST. PLEASE DO NOT PURCHASE; NO REFUND WILL BE ISSUED. PLEASE LOGIN TO YOUR RECP ONLINE ACCOUNT TO FIND YOUR PACKAGE. EMAIL INFO@RECP.ORG FOR LOGIN ASSISTANCE.