Spanish IAR State Forms have been updated! Visit www.indianarealtors.com for detailed information or just click here: http://indianarealtors.com/members/legal/
legalDetail.aspx?id=1
FORMS UPDATE
IAR FORMS UPDATE FROM RICHELLE MOSSLER
IAR DIRECTOR OF LEGAL AFFAIRS
2006 ALTA TITLE COMMITMENT
APRIL 27, 2007
Effective immediately, a new commitment and title policy called ALTA 2006 is available for use in Indiana. The ALTA 92 policy will be withdrawn by ALTA on July 17, 2007. After that date, title companies will no longer be issuing the 1992 policies. Basically, the ALTA 2006 is replacing the ALTA 92.
In light of the above industry change, the IAR legal department has updated Purchase Agreement forms #34 and #2 in the Residential Forms library to add ALTA 2006 as a title policy choice. At the bottom of these two forms, it will read UPDATED MAY 2007. This change should post on May 1, per instructions from ZipForm.
Each Board has been sent a comparison of the ALTA 92 with the ALTA 2006, if anyone would like to see the differences. We also received an “underwriting alert” letter verifying that the ALTA 92 policy will be withdrawn by July 17, 2007. It is unclear whether there will be additional fees for the ALTA 2006 versus the ALTA 92. Please direct specific questions regarding these policies to your local title company. |
RPAC Olympics: Passing the RPAC Torch
2006 Goal: $350,000
2006 Raised: $375,697.45 |
2007 Goal: 377, 000
# of Members (as of 11/30/06): 20,033 |
Pass the Torch at the REALTOR® Olympics!
Goal: Involve every IAR Local Board and Association with educating members in their communities on the importance of RPAC and raise local RPAC participation goals to a minimum of 50% of REALTOR members resulting in Indiana’s statewide goal of raising $377,000 in 2007.
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Printable Verson in Word format |
