2012 IAR Residential Forms Changes Summary ActiveKey and BlueTooth IBox Tips IAR's Technology Hotline Looking for the Current LPCAR Monthly Newsletter? Take Advantage of Special Member Pricing Welcome to Our Web Site!

2012 IAR Residential Forms Changes Summary

Purchase Agreement
Listing Contract
Buyer’s Exclusive Agency Contract
ADR Addendum
Seller/Buyer Closing Statement

Most revisions were clarifications of existing language. Any new language added was for consistency or clarification, in addition to ensuring compliance with the NAR Code of Ethics and incorporating new HUD-1 language.

The two (2) new legal forms listed below will be available after January 1, 2012:
Mutual Release from Buyer’s Exclusive Agency Agreement IAR Lease

Questions on these changes may be directed to the IAR Legal Hotline

1.800.444.5472 (toll free Indiana)
1.317.913.3254 (local)
1.317.842.8494 (fax)
legalhotline@indianarealtors.com

The IAR Legal Hotline is available to principal and managing broker members, and their designated agents, statewide. To View a Power Point Presentation on the changes, click here!

• Changes to the Code of Ethics and Standards of Practice (underscoring indicates additions, strikeouts indicate deletions) Standard of Practice 1-16 (new) REALTORS® shall not access or use, or permit or enable others to access or use, listed or managed property on terms or conditions other than those authorized by the owner or seller. (Adopted 1/12)



• Article 15 (amended) REALTORS ® shall not knowingly or recklessly make false or misleading statements about competitors other real estate professionals, their businesses, or their business practices.
  (Amended 1/12)



• Standard of Practice 15-2 (amended) The obligation to refrain from making false or misleading statements about competitors other real estate professionals, competitors’ their businesses, and competitors’ their business practices includes the duty to not knowingly or recklessly publish, repeat, retransmit, or republish false or misleading statements made by others. This duty applies whether false or misleading statements are repeated in person, in writing, by technological means (e.g., the Internet), or by any other means. (Amended 1/12)
  
  
• Standard of Practice 15-3 (amended) The obligation to refrain from making false or misleading statements about competitors other real estate professionals, competitors’ their businesses, and competitors’ their business practices includes the duty to publish a clarification about or to remove statements made by others on electronic media the REALTOR® controls once the REALTOR® knows the statement is false or misleading. (Amended 1/12)



• Article 17 (amended) In the event of contractual disputes or specific non-contractual disputes as defined in Standard of Practice 17-4 between REALTORS® (principals) associated with different firms, arising out of their relationship as REALTORS®, the REALTORS® shall mediate the dispute if the Board requires its members to mediate. If the dispute is not resolved through mediation, or if mediation is not required, REALTORS ® shall submit the dispute to arbitration in accordance with the regulations policies of their Board of Boards rather than litigate the matter. In the event clients of REALTORS® wish to mediate or arbitrate contractual disputes arising out of real estate transactions, REALTORS® shall mediate or arbitrate those disputes in accordance with the policies regulations of their Board, provided the clients agree to be bound by the decision any resulting agreement or award.The obligation to participate in mediation and arbitration contemplated by this Article includes the obligation of REALTORS® (principals) to cause their firms to mediate and arbitrate and be bound by any resulting agreement or award (Amended 1/12)



• Standard of Practice 17-2 (amended) Article 17 does not require REALTORS® to mediate in those circumstances when all parties to the dispute advise the Board in writing that they choose not to mediate through the Board’s facilities. The fact that all parties decline to participate in mediation does not relieve REALTORS ® of the duty to arbitrate. Article 17 does not require REALTORS ® to arbitrate in those circumstances when all parties to the dispute advise the Board in writing that they choose not to arbitrate before the Board. (Amended 1/12)

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ActiveKey and BlueTooth IBox Tips

The new ActiveKey is the first wireless lockbox key designed by real estate professionals. It keeps itself updated 24/7 through frequent cellular connections to the Supra Network.

1. What if my ActiveKey is lost or stolen? Because of the cellular technology, if your key is lost or stolen, it can be quickly deactivated. Please report lost/stolen keys immediately to the association or Supra support.

2. What happens when I go into an area where there is no cell service? Your ActiveKey won’t be able to communicate with the Supra Network when it’s out of cell range so it won’t receive showing notifications. However, as long as it’s been within cell range for 10 continuous minutes within the last 24 hours it will remain active and you can open keyboxes.

3.Does the ActiveKey need to be within cell service to open keyboxes? No, it does not need to be within cell service to open a keybox.

4. My Shackle won’t release on my new IBOX and I know I have the correct shackle code.

The Bluetooth IBox releases the shackle a bit differently than the previous IBoxes. The shackle will not automatically pop open. Instead, once you have performed the function of releasing the shackle and have entered the shackle code, you must push down on the top of the box and then pull up to release the shackle. If you do not push down on the shackle first, the shackle will not release and you must start over again.

Also remember that it is not possible to overcharge your new ActiveKey. You may keep it plugged in until ready to use.

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IAR's Technology Hotline

IAR Technology Helpline - 866-232-1833
Monday - Friday 9 a.m.-5 p.m. Eastern

With technology becoming an increasingly vital tool in the real estate industry, the Indiana Association of REALTORS® is offering an exclusive member service - the IAR Technology Helpline.  You can call 1-866-232-1833 any time Monday - Friday, 9am-5pm and get a real live person able to answer all your technology questions-big or small. 

Calls to the Helpline are Free for all IAR members.  Real, live people-are on hand to answer your questions.  When a technology crisis hits, getting help quickly and easily can make a difference to your bottom line--the sooner the problem is resolved, the sooner you are back in business.  Since the service comes from IAR, you know the experts offering technology advice are representing your best interests--not trying to push a specific product.  And, as a IAR service, those operating the Technology Helpline understand the real estate business. 

There are no time limits to your calls, and you can call as often as you need to!  You will be able to get answers to all your tech related questions through one service.  Get answers to common operating systems such as Windows, MAC, and  Palm; common Real Estate specific software such as Top Producer, WInforms, Zipforms, Lightning CMA Plus!, and many more!  All common business related programs such as MS Office Suite, Goldmine;  Wordperfect, Act!, web browsers such as  Netscape, Internet Explorer, among others, major web editing software including MS Frontpage and Dreamweaver, all major hardware and peripherals such as scanners, printers, PDAs, all email programs and more! 

*The only tech-related issue you won't be able to get answers about is your local MLS.

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Looking for the Current LPCAR Monthly Newsletter?

Look no further! Click here to access the very latest LPCAR Monthly newsletter now!

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Welcome to the online home of The LaPorte County Association of REALTORS!

Our web site, designed, developed, and maintained by Catalyst Marketing Innovations LLC of Michigan City, www.catalyst-marketing.com, provides a plentitude of information for Association members and potential members alike! With complete information on membership, an overview of the Association, news, frequently asked questions, inquiry forms, and complete contact information, you're sure to find just what you are looking for.

And, for our members, we feature a special members-only private section of the site, complete with access to ZipForms Online, Newsletters, a complete member directory, a special Members-only inquiry form, directory of online resources, and complete association calendar of events.

We hope you find out site attractive, easy-to-use, and full of useful information. Welcome and enjoy!

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