Indiana Commercial Board of REALTORS® The statewide association for commercial real estate professionals in Indiana. 2016-05-02T22:12:44Z http://www.myicbr.org/feed/atom/ Ashley <![CDATA[Are you going to make the deadline?]]> http://www.myicbr.org/?p=4457 2016-04-20T12:31:37Z 2016-04-20T12:28:55Z Read More ...]]> The deadline to get all 12 hours of your continuing education for this license year is June 30. That’s roughly two months from now. Will you make it?

Per the Indiana Real Estate Commission, brokers are required to complete 12 hours of education each license year (July 1 – June 30) to maintain their license.

Education can be earned through a variety of subjects including:

  • Commercial Real Estate – Legislative Issues, Land Development, Financing, and more
  • Appraisal
  • Land Development
  • Law – Anti-trust, license and escrow, civil rights, agency.
  • Contracts
  • Ethics/Professional Standards
  • Settlement Procedures
  • Property Management
  • Farm Property Management

While there are no longer mandatory and elective requirements, Managing Brokers ARE required to have a minimum of 4 hours each year dedicated to skills needed by managing brokers. The education provider can confirm if a class is eligible for managing broker credit.

All the requirements above can be met by attending ICBR’s annual Indiana Commercial Real Estate Conference May 5-6.

The one exception to these licensing rules is brokers who earned their license after June 30, 2014. If you are a new broker, you have a completely different set of requirements to start with.

New licensees are required to complete 30 hours of post-licensing education in specific subject areas within the first two years of being licensed.

So don’t wait – make sure you are on track to complete your education today.

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Ashley <![CDATA[Collaborate on transit, or miss out on jobs]]> http://www.myicbr.org/?p=4426 2016-04-06T14:50:45Z 2016-04-06T14:49:22Z Read More ...]]> By Bill Ehret, SIOR, Avison Young

We’ve seen a lot of headlines about companies bringing new jobs to the Hendricks County area. It’s easy to see why. With a great location, a pro-business mentality and room for growth, the area has plenty to offer.

However, if the metro area doesn’t come up with a better way to get workers to jobs, growth in Hendricks and other counties surrounding Indy could dry up. As a result, I’m calling on employers, property owners and municipalities to collaborate on a solution. Otherwise, our area might miss out on future jobs—and even lose existing jobs.

Plainfield and Whitestown have done a great job attracting big employers. But, historically, almost half of all the workers in Hendricks County come from outside the county. So, the more jobs the area attracts, the farther its workers will have to travel to get to the jobs. Without an inter-county transit system, that’s a problem.

Currently, the Central Indiana Regional Transportation Authority, the towns of Plainfield and Whitestown, IndyGo and a number of public-private partners operate three shuttle services from the Marion County line to employers in Hendricks and Boone counties. However, these shuttles are supported in part by a three-year federal grant. We need a long-term solution.

I recently talked with one area business owner who said his employee turnover is three times what it should be, with much of it attributed to workers’ transportation issues. This is not what you want to hear from employers in our metro area.

I see a few ways we can respond to this challenge.

  • First, we start thinking of transit as a necessary element of infrastructure. For too long, we’ve thought of it as something other than infrastructure—as a luxury. No more. We have to accept that it’s a part of the multifaceted process for getting workers to work and, therefore, include it in transportation spending, right along with roads.
  • Second, developers and property managers work with employers to help pay for transit to their commercial parks. Again, they can think of it as infrastructure, and include a fee just as they do for snow removal, retention ponds, etc.
  • Third, municipalities commit tax revenue to transit. They could capture a small percentage of what they already collect and commit it to transportation. A relatively small amount could make a big difference—especially if it’s combined with a small fee developers could charge employers.

If you look at that solution closely, you’ll see it involves a variety of stakeholders: the business and developers pay part of the cost, as do taxpayers and municipalities. In other words, this is not a cost we put on any single group. We all must work together to make transit a reliable part of our economic development scenario. If we do, we’ll all benefit. If we don’t, we all could lose.

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Ashley <![CDATA[Vendor Spotlight: Fidelity National Title]]> http://www.myicbr.org/?p=4356 2016-03-15T16:27:09Z 2016-03-15T16:24:38Z Read More ...]]> Mark Plassman, vice president of business development with Fidelity National Title,  tells ICBR about his company and why they belong to Indiana’s commercial board.

ICBR: Why did your company become a member of ICBR?

MarkPlassman_2Plassman: To further engage and better understand the needs of our commercial brokerage customers.

ICBR: What is the biggest misconception about what you do?

Plassman: We don’t just issue title policies. We do so much more as an active participant on closing a real estate deal(s) that unfortunately goes unnoticed.

ICBR: How did you get involved with your industry?

Plassman: I was born into the title business! At a young age, I was given an opportunity to learn ALL facets of the real estate transaction and how a title company plays an active role in closing the deal. Through my family’s title agency, I initially worked my summer and winter breaks doing anything and everything they needed me to do. That led to a full time job after graduating from college which took me through the sales, management and all the title insurance and closing aspects of our business. Thirty (30) + years later, I work in a business development role in our commercial title and closing group here in Indianapolis, IN.

ICBR: Do you have any mentors? If so, who? How has he/she inspired you?

Plassman: I have had a number of mentors that have taught me / provided me all the technical knowledge of our title insurance and closing business. However, the one that has had the biggest impact is my father who was in the business for forty (40) + years. He taught me how to take chances and how to invest in our business in order to grow. He taught me never to fear failure. It’s the only way you can learn your vulnerabilities in order to improve and grow.

ICBR: What is the weirdest question someone has ever asked you about your company or what you do?

Plassman: While I was closing a transaction earlier in my career, I was asked, “Mark, is it ok if I lay my gun down on the closing table while I sign my documents?”

ICBR: Most recent accomplishment?

Plassman: Recently attended our company’s national leadership conference in Jacksonville, FL, and won best group presentation which I spoke and presented in front of my national peer sales executives.

ICBR: Anything to add?

Plassman: I appreciate the professionalism that I have experienced from everyone who is involved with ICBR and welcome the opportunity to work and grow as member of this organization now and into the future.

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Ashley <![CDATA[Continuing real estate and legal education available at the Indiana Commercial Real Estate Conference]]> http://www.myicbr.org/?p=4348 2016-03-08T20:20:14Z 2016-03-08T20:20:14Z Read More ...]]> INDIANAPOLIS – Registration is now open for the annual Indiana Commercial Real Estate Conference, hosted by the Indiana Commercial Board of REALTORS® (ICBR), May 5-6, at the Ritz Charles in Carmel, Indiana.

Nearly 400 industry professionals are expected to attend this year’s conference, which continues the extended day and a half schedule launched last year.  By attending both days of the conference, attendees can fulfill the 12 hours of continuing education required under Indiana real estate license law. In addition, 11 hours of continuing legal education will also be awarded.

The only commercial real estate conference in Indiana, education sessions are focused on topics relevant to the industry and are designed to help brokers meet the needs of their business and clients. With more than 25 vendors onsite it is a great opportunity to connect with suppliers as well as peers.

Education sessions begin Thursday, May 5, at 2 p.m., and continue through Friday, May 6, beginning at 8 a.m.

The conference is proud to welcome Dr. Lawrence Yun, chief economist for the National Association of REALTORS®, as its opening keynote Friday morning. Yun will cover a variety of topics relating to the national and state economy, industry trends and market forecasts.

Registration includes lunch on Friday, where special guest Indiana State Governor Mike Pence will speak on economic developments and the future of the Hoosier state.

Networking is an essential component of commercial real estate, and this year’s conference continues to provide attendees with opportunities to further their business. Professionals can begin their conference experience early on May 5, by attending the annual Sporting Clay Fun Shoot at the Indiana Gun Club. Following education on Thursday, attendees are invited to attend the conference’s Welcome Reception at the Ritz Charles, beginning at 5:30 p.m. A reception-only ticket is also available for those unable to attend the events earlier in the day.

Early bird registration ends April 15, and can be completed online at www.myICBR.org. For questions contact ICBR at 317.328.5259.

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The Indiana Commercial Real Estate Conference is recognized as the premier event for real estate professionals to earn commercial continuing education credits and to gather with like-minded peers. This year’s event is sponsored by Alliance Commercial Group, Benesch Attorneys at Law, Bingham Greenebaum Doll, Bradley Company, Brickman Group, Citimark, Consortium CRE, the Indiana Commercial Real Estate Exchange, Indy CREW and Sperry Van Ness. For complete details, visit www.myICBR.org.

ICBR is a commercial overlay board for commercial real estate professionals.  Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development.  ICBR has a statewide membership base of more than 600 professionals.  For more information, visit the ICBR website at www.myICBR.org

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Ashley <![CDATA[Vendor Spotlight: Metropolitan Title of Indiana, LLC]]> http://www.myicbr.org/?p=4288 2016-03-01T13:34:35Z 2016-03-01T13:33:03Z Read More ...]]> Jeff Klaehn, Commercial Manager with Metropolitan Title of Indiana tells ICBR about his company and why they belong to Indiana’s commercial board.

ICBR: Why did your company become a member of ICBR?

metropolitan titleKlaehn: Metropolitan Title became a member of ICBR to support the commercial brokerage community by participating in the organization as sponsor and an attendee of their seminars.

ICBR: What is the biggest misconception about what you do?

Klaehn: The biggest misconception about what we do is the amount of research that needs to be done in order to prepare a title insurance commitment. We have to research back to the late 1800’s to ensure all easements of record are included in our title commitment. Some searches are easy but some are complicated. Both require more time than people understand;

ICBR: How did you get involved with your industry?

Klaehn: I got my start in the title industry in 1981 as an abstractor, researching the records at the recorder’s and County Clerk’s offices. From there I moved through the various departments with different companies and moved into the commercial side of the industry;

ICBR: Do you have any mentors? If so, who? How has he/she inspired you?

Klaehn: I have had several mentors who invested their time and talent in me. Attorneys, brokers and fellow competitors in the title industry.

ICBR: What is the weirdest question someone has ever asked you about your company or what you do?

Klaehn: Someone wanted to know if I could create a car title for them. Not process a title but create a title for a particular car that wasn’t his.

ICBR: Most recent accomplishment?

Klaehn: My most recent accomplishment would be continuing to provide the best service possible to our clients, to be forward thinking, staying ahead of the curve to ensure a positive,  accurate closing process.

ICBR: Designations/Awards/Recognition you have received?

Klaehn: I’ve never chased recognition in the title industry but admire all of the different designations the Commercial Broker has at his disposal. I’ll be completing my 36th year in the title industry and have seen many changes in the industry. Most notably the move from Abstracts to Title insurance as well as the technological advances during this time. By continuing to be at the forefront of the transaction, anticipating the client’s needs, maintaining my continuing education requirements, and teaching fellow employees, clients, even buyers and sellers, about the dynamics of the commercial transaction, the recognition I receive is the next order from my clients.

ICBR: Anything to add?

Klaehn: Metropolitan Title Company is uniquely positioned to be Indiana’s Title Company. Through our relationship with our underwriters and search vendors we are able to handle any transaction for real estate in every county in Indiana.

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Ashley <![CDATA[Seven ICBR Members Inducted into Midwest Commercial Real Estate Hall of Fame]]> http://www.myicbr.org/?p=4165 2016-02-08T13:57:33Z 2016-02-08T13:55:03Z Read More ...]]> INDIANAPOLIS – Seven members of the Indiana Commercial Board of REALTORS® (ICBR) have been inducted into the Midwest Real Estate News 2015 Commercial Real Estate Hall of Fame.

ICBR would like to congratulate the following professionals on this honor:

  • Drew Augustin, CCIM, SIOR Alliance Commercial Group, Indianapolis
  • John Demaree, SIOR, Colliers International Indianapolis
  • David Lasser, CCIM, SIOR, Commercial In-Sites, Merrillville
  • Charlie Podell, Duke Realty Corporation, Indianapolis
  • David Reed, Bradley Company, Indianapolis
  • Cheri Shepherd, Cushman & Wakefield, Indianapolis
  • Angela Wethington, Browning Investments, Indianapolis

Augustin and Reed currently serve as immediate past president and president on the ICBR board of directors respectively.

A tenured industry professional with more than 29 years of experience, Reed leads the Bradley Company Indianapolis office and has a long-standing history with ICBR. He has served many years on the board of directors and has held the office of both secretary/treasurer and vice president.

Augustin boasts more than 40 years in commercial real estate, focusing on office and industrial sales and leasing as co-developer and owner of several office and industrial buildings throughout central Indiana. He is an ICBR charter member, joining the association at its inception in 1994, and served as president of the organization in 2015.

A complete list of the 2015 Hall of Fame inductees and bios can be found online.

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About ICBR
The Indiana Commercial Board of REALTORS® is a commercial overlay board for commercial real estate professionals.  Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development.  ICBR has a statewide membership base of more than 600 professionals.  For more information, visit the ICBR website at www.myICBR.org.

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Ashley <![CDATA[ICBR Supports House Bill to Increase Restaurant Development]]> http://www.myicbr.org/?p=4162 2016-02-05T16:23:05Z 2016-02-05T16:23:04Z Read More ...]]> INDIANAPOLIS – The Indiana Commercial Board of REALTORS® (ICBR) has announced its support of House Bill 1118 which was passed February 2, and now moves to the Senate.

This bill allows for the creation of ten three-way liquor permits for restaurants in communities located in counties with a population between 270,000 and 300,000 residents, and ten one-way, two-way or three-way permits for restaurants in communities located in counties with a population between 55,000 and 57,000 residents.

The passing of this bill would immediately impact Hamilton and Boone counties.

“The Indiana Commercial Board of REALTORS® supports state legislation that promotes economic development. House Bill 1118 encourages development and redevelopment of commercial real estate in areas designated for that purpose,” says Ken Williams, ICBR legislative committee chair. “Throughout Indiana, commercial REALTORS® have seen firsthand that promoting and enhancing the quality of life in our communities leads to overall economic growth and development. Therefore, we support this legislation.”

Per the bill, the restaurant must be located within an economic development area, an area needing redevelopment or a redevelopment district established under Indiana Code 36-7-14.

Inquiries regarding this statement and ICBR’s advocacy efforts may be directed to Lindsey Knight, CAE, executive director.

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About ICBR
The Indiana Commercial Board of REALTORS® is a commercial overlay board for commercial real estate professionals.  Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development.  ICBR has a statewide membership base of more than 600 professionals.  For more information, visit the ICBR website at www.myICBR.org.

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Ashley <![CDATA[Discovering Commercial Real Estate Course Returns to Bloomington]]> http://www.myicbr.org/?p=4158 2016-02-03T21:45:11Z 2016-02-03T21:45:11Z Read More ...]]> INDIANAPOLIS – The Indiana Commercial Board of REALTORS® (ICBR) is pleased to announce its popular continuing education course, Discovering Commercial Real Estate (DCRE), will return to Bloomington, Indiana, February 29, at the Hilton Garden Inn.

Registration is now open and all real estate professionals; residential, commercial, ICBR member and non-members are encouraged to attend.  Members of the Bloomington Board of REALTORS® or ICBR will receive the lowest pricing.

Offering four hours of continuing education (CEU), DCRE provides an overview of the basics of commercial real estate and how it differs from residential practices.

“The course has received great feedback from attendees and is the perfect introduction for those new to or thinking about joining the commercial real estate profession,” said Stan Evans, DCRE instructor.

Through the course attendees will be able to distinguish and understand the commercial broker’s role and discover different types of commercial properties, terms, valuation methods, marketing and resources available for further education. DCRE is a great opportunity to expand professional understanding of the commercial real estate industry.

What: Discovering Commercial Real Estate Course

When: February 29, 2016
8 a.m. – 12 p.m.

Where: Hilton Garden Inn
245 N. College Ave.
Bloomington, IN 47403

Early bird registration ends February 19, offering all four CEUs for as little as $60. Pre-registration is highly encouraged, however registrations will be accepted onsite. Additional details and registration information is available at www.myICBR.org/disovering-cre.

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ICBR is a commercial overlay board for commercial real estate professionals.  Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development.  ICBR has a statewide membership base of more than 600 professionals.  For more information, visit the ICBR website at www.myICBR.org

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Ashley <![CDATA[ICBR supports 21st Century Crossroads Proposal to add $1 billion in road funding over next four years]]> http://www.myicbr.org/?p=4136 2016-01-25T15:54:17Z 2016-01-25T15:54:17Z Read More ...]]> INDIANAPOLIS – The Indiana Commercial Board of REALTORS® (ICBR), the statewide organization for commercial real estate practitioners, has announced its support of Governor Mike Pence’s 21st Century Crossroads Proposal for the current legislative session.

Represented under Senate Bill 333, this plan would make $1 billion in new road funding available over the next four years through a measured combination of funding resources without raising taxes.

“While ICBR acknowledges the need to find a long-term funding solution and understands the merits of other plans that promote tax increases, we believe that the current economic conditions do not support such actions,” says Ken Williams, ICBR legislative committee chair. “Governor Mike Pence’s plan to refinance existing bonds and invest state reserves to fund infrastructure improvements, without tax increases, best supports the economic growth of Indiana.”

If adopted, the Indiana Department of Transportation (INDOT) would be positioned to resurface 16,000 miles of state highways and repair more than 5,200 bridges as stated by the governor’s office.

ICBR supports the continued investment, maintenance and improvement of Indiana’s highway, air and rail systems as they are a lifeline by which commercial traffic travels through the state, and are a vital component to the determination of economic development projects and growth, as cited in ICBR’s adopted advocacy statement.

Inquiries regarding this statement and ICBR’s advocacy efforts may be directed to Lindsey Knight, CAE, executive director.

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About ICBR
The Indiana Commercial Board of REALTORS® is a commercial overlay board for commercial real estate professionals.  Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development.  ICBR has a statewide membership base of more than 600 professionals.  For more information, visit the ICBR website at www.myICBR.org.

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Ashley <![CDATA[ICBR Receives Award from the National Association of REALTORS®]]> http://www.myicbr.org/?p=4031 2016-01-06T16:01:18Z 2016-01-06T15:59:44Z Read More ...]]> INDIANAPOLIS – The Indiana Commercial Board of REALTORS® received a 2015 Accredited Commercial Excellence Award (ACE) from the National Association of REALTORS®.

ICBR was recognized in the area of Technology and Data for its partnership with a local appraisal group to create and house a private database of appraisal comp data through the vendor which provides the Indiana Commercial Real Estate Exchange (ICREX) to ICBR. The system is the first of its kind for this vendor and can be developed in numerous markets to further develop relations between commercial brokers and other industry groups.

Nominations were submitted from REALTOR® boards across the country to NAR Commercial in seven categories. One winning association was selected in each category, along with a second association receiving honorable mention.

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About ICBR
The Indiana Commercial Board of REALTORS® is a commercial overlay board for commercial real estate professionals.  Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development.  ICBR has a statewide membership base of more than 600 professionals.  For more information, visit the ICBR website at www.myICBR.org.

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