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Luke Worrell, ALC, Named 2016 Illinois Farm & Land Broker of the Year by the Illinois Farm & Land RLI Chapter

The REALTORS® Land Institute is proud to announce that Luke Worrell, ALC, of Worell Land Services has received the 2016 Illinois Farm & Land Broker of the Year Award from the Illinois Farm and Land Chapter of RLI. Luke is the youngest recipient of this award since 1979.

The award was presented to him by his father Allan Worrell, ALC, who was the 2015 recipient. “I couldn’t be more proud of Luke, both as his dad and his colleague. People often say that Luke is following in my footsteps, but in reality, the way he does business challenges me to continue to grow in our profession,” said Allan of his son’s accomplishment.

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Luke is active within the National REALTORS® Land Institute (RLI) serving on their Education Committee, National Land Conference Committee and as a contributor to the RLI Blog. He is also a board member for the Illinois Chapter of RLI, which earned the 2015 Outstanding Chapter Award.

Read the full press release.

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Iowa Chapter of REALTORS® Land Institute Releases 2016 Land Trends and Values Survey

The Iowa Chapter of REALTORS® Land Institute is pleased to announce the results of their September 2016 Land Trends and Values Survey. REALTORS® Land Institute is an affiliate of the National Association of REALTORS® and is organized for REALTORS® who specialize in farm and land sales, management, development and appraisal. Participants in the survey are specialists in farmland, and are asked for their opinions about the current status of the Iowa farmland market.

Participants were asked to estimate the average value of farmland as of September 1, 2016. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.

Survey Results

The results of these surveys show a statewide average decrease of cropland values of -3.7% for the March 2016 to September 2016 period. Combining this decrease with the -5.0% decrease reported in March 2016 indicates a statewide average decrease of -8.7% from September 1, 2015 to September 1, 2016. Since our highs in 2013 we have seen a decrease in land values roughly 25-30% according to our surveys.

All nine Iowa crop reporting districts showed a decrease in the average farmland value. The districts varied from a -2.4% decrease in SC district to a -5.8% decrease in SW district since March 2016.
Factors contributing to current farmland values include: lower commodity prices and limited amount of land on the market. Other factors include: lack of stable alternative investments, cash on hand, and increasing interest rates.

The Iowa Chapter of REALTORS® Land Institutes farmland value survey has been conducted in March and September since 1978. This survey, plus the RLI Farm and Ranch Multiple Listing Service, are activities of REALTORS® specializing in agricultural land brokerage on a daily basis. For more information about this survey, please contact Kyle Hansen, ALC, at 515-382-1500.

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Industry’s Largest Land Real Estate Event Hits Charlotte in 2017

August 3, 2016 (Chicago) The REALTORS® Land Institute is proud to announce that the most prestigious land real estate professionals in the business will gather at the Westin Charlotte for the 2017 National Land Conference from March 31-April 2 in Charlotte, North Carolina. The annual conference is an opportunity for the most elite and successful land professionals in the business to gather, share ideas, build relationships, and make deals.

As the premier educational and networking event for land real estate professionals, the conference hosts a full line-up of renowned industry speakers that will share tips and reveal insights into best practices. Nobu Hata, the Director of Digital Engagement for the National Association of REALTORS®, will be the featured finale speaker.

“This is a can’t miss conference for land professionals who are serious about growing their business, more confidently assisting clients and closing more deals. This annual event grows and becomes a more powerful tool every year for real estate professionals to propel themselves to success—the 2017 National Land Conference is no exception,” stated 2017 REALTORS® Land Institute President Brandon Rogillio, ALC.

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New Home Construction Has Timberland Prices Trending Upward

July 15, 2016 (Chicago) – July 15, 2016 (Chicago) – REALTORS® Land Institute member Bob King, ALC, Owner/Broker, United Country Land & Lifestyle Realty in Anderson, South Carolina, stated that “Timberland prices will be trending upward as an increase in new home construction drives up softwood sawtimber prices. Timberland prices will also be rising as more recreational land buyers come back into the market.”

The timberland market is tied strongly with new home construction. Since much of the commercial timberland acreage in the U.S. is dedicated to growing softwood sawtimber, overall returns for the timberland asset class is tied strongly to softwood sawtimber prices. These softwood sawtimber prices are tied strongly to new home construction. Since the new home construction market crashed in 2008, we have seen southern pine sawtimber prices drop about 40%. However, the new home construction market is on a slow but sure turnaround.

To meet the demand for new homes over the last fifty years, builders in the U.S. have constructed an average of 1.5 million homes per year. In the eight-year period preceding the recession, a large oversupply of homes was constructed. However, since 2008 the number of new homes being built has been so low that we could find ourselves in a new home shortage unless construction picks up substantially.

King pointed out that “In 2014, the U.S. only built 1 million new homes. In 2015, we built 1.1 million and the National Associations of REALTORS® predicts that we will build 1.3 million new homes in 2016. This is still far below the 1.5 million annual average that was necessary to meet demand over the last fifty years. It will probably be 2018 before we make it back to the long term average of 1.5 million”.

Even though the turnaround in the new home construction market is happening slowly, the trend is definitely upward and softwood timber prices will improve. King predicts that “As timber prices improve, and also as the recreational buyers continue to come back into the land market with the improvement in the economy, we will see timberland prices trend upward”.

About the Realtors® Land Institute
The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is the prestigious, higher learning professional membership organization for practitioners who specialize in land real estate transactions. Over 100 years old, the Institute provides a wide range of programs and services that build knowledge, relationships, and business opportunities for the best in the land business. The REALTORS® Land Institute (RLI) provides the education, tools, services, advice and networking opportunities that are the foundation for all land professionals to become the best in the business—to become an Accredited Land Consultant (ALC). For more information, visit rliland.com or call 800.441.5263.

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2017 RLI Vice President Brings Energy and Fresh Ideas to Real Estate Land Industry

Jeramy Stephens, 2017 RLI VPJune 29, 2016 (Chicago, Ill.)- The REALTORS® Land Institute is proud to announce Jeramy Stephens, ALC, Partner / Principal Broker with National Land Realty from Little Rock, Ark., as the 2017 RLI National Vice President. As the leading educational and membership organization in the land real estate industry, RLI is looking forward to the impact Jeramy’s leadership will have as he works to continue building both the organization and the industry as a whole.

Bob Turner, ALC, 2016 RLI National President expressed “Jeramy has the knowledge, experience, and energy needed to move RLI into the future. As a young leader in the industry, he brings the kind of fresh ideas and contagious energy needed to reinvigorate and steer our organization to the next level of success. We are truly honored to have a leader with such a strong passion for the land business stepping up to dedicate himself to the success of land professionals throughout RLI.”

Jeramy is a Partner and Principal Broker for National Land Realty for the Mid South region in the Little Rock, Ark., office. He is a graduate of Arkansas State University with a Bachelor of Science degree in Agriculture Business with an emphasis in Farm Management and Ag Marketing. Jeramy has served RLI as the Vice Chair of the 2016 Education Committee and is an active member of the Board of Directors.

“I am very honored to be nominated as the 2017 Vice President of Realtors® Land Institute and look forward to serving the membership. RLI is a member driven organization and I will continue the growth of our membership through education, networking opportunities and a voice in D.C. to voice our issues in the land industry which will help members to improve their individual businesses,” said Stephens upon hearing the news. Stephens will take on his official role as Vice President for RLI next November during the RLI Officer Induction Ceremony at the 2016 NAR Expo and Conference in Orlando.

About the REALTORS® Land Institute
The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is the prestigious, higher-learning educational membership institute for the certification and continuing education of elite Land REALTORS® and those that aspire to deal in land real estate transactions. Over 100 years old, the Institute provides education and membership services that empower Land REALTORS® to stay abreast of changes, regulations, technology and legislation that affect the industry in real-time. Through its LANDU curriculum, the Realtors® Land Institute confers its Accredited Land Consultant designation to only those real estate practitioners who achieve the highest levels of education, experience, and professionalism. For more information, visit rliland.com or call 800.441.5263.

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Land Real Estate Professionals Prepare for Foreign Land Investments As Britain Leaves the European Union

June 24, 2016 (Chicago) – Analysts are scurrying to predict the impacts of Britain leaving the European Union on the global real estate industry. The Realtors® Land Institute has released a statement on its effects on land investment from Lawrence Yun, Chief Economist at the National Association of Realtors®, stating that “The U.K.’s decision to leave the European Union breeds both opportunity and uncertainty for the U.S. housing market. Demand for real estate and land could rise if foreign investors view America as a more secure place to do business and borrowing costs become even cheaper. On the other hand, if instability in the financial markets persists and a global economic slowdown occurs, the U.S. economy would also slow, in turn impacting real estate land investment and demand. Finally, the British demand for U.S. real estate would soften from the weaker currency.”

The REALTORS® Land Institute says it is still uncertain how ‘Brexit’ will affect land real estate markets long term but it is important for real estate and land professionals to be prepared to handle an influx of foreign investments in land during the coming months. The Institute recommends all real estate professionals should prepare and know where to find a land consultant in case they are approached to assist in a land real estate investment transaction.

The 2016 Realtors® Land Institute President Bob Turner, ALC, explained that “With the recent volatility in the US stock market, investments in productive farmland, ranchland, and timberland are considered as safer alternatives to stocks because of their income return and stability. Between the increase in demand from US investors and, now, the increase in demand that could come as a result of Brexit, Accredited Land Consultants and other professional members of the Realtors® Land Institute are prepared to welcome the opportunity to use their knowledge and experience to assist investors.”

About the Realtors® Land Institute
The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is the prestigious, higher learning professional membership organization for practitioners who specialize in land real estate transactions. Over 100 years old, the Institute provides a wide range of programs and services that build knowledge, relationships, and business opportunities for the best in the land business. The REALTORS® Land Institute (RLI) provides the education, tools, services, advice and networking opportunities that are the foundation for all land professionals to become the best in the business—to become an Accredited Land Consultant (ALC). For more information, visit rliland.com or call 800.441.5263.

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Land Real Estate Professionals Gather to Gain Knowledge, Prestige

June 16, 2016 (Chicago) – Over ninety courses were attended by twenty-six real estate land professionals during the Realtors® Land Institute’s 2016 LANDU Education Week plus in Little Rock, Arkansas, last week. This annual event is an opportunity for real estate and land professionals from across the country to gain knowledge and take advantage of the camaraderie that in-person education provides. A record number of attendees took all six of RLI’s LAND University courses to fulfill the education requirement of the prestigious Accredited Land Consultant designation.

Jeffrey Hignight, a professional farm manager, real estate broker, and partner at Glaub Farm Management, LLC, was one of the six attendees to successfully complete all six courses towards earning the ALC Designation during this year’s event. He recommends industry professionals attend, saying “LANDU week was a wise investment worth both the money and time.  I have made wonderful new friends from all over and added tools that will help me throughout my agricultural asset management and real estate brokerage career.  I can’t wait to finish the ALC designation process”.

Courses offered during the one-week event included, Land 101: Fundamentals of Land Brokerage; Agricultural Land Brokerage and Marketing; Land Investment Analysis; Site Selection; Tax Deferred 1031 Exchanges; and Eminent Domain. All courses are also offered online throughout the year.

About the Realtors® Land Institute
The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is the professional membership organization for practitioners who specialize in land real estate transactions. Over 100 years old, the Institute provides a wide range of programs and services that build knowledge, relationships, and business opportunities for the best in the land business. The REALTORS® Land Institute (RLI) provides the education, tools, services, advice and networking opportunities that are the foundation for all land professionals to become the best in the business—to become an Accredited Land Consultant (ALC). For more information, visit rliland.com or call 800.441.5263.

Image: Land real estate professionals attend the Land Investment Analysis course during the 2016 LANDU Education Week plus.

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Realtors® Land Institute Tweets for Trees This Arbor Day

April 29, 2016 (Chicago) – The Realtors® Land Institute celebrated Earth Day by raising money to plant trees through the Trees for the Future Foundation. The donation that was made on Arbor Day will plant over six-hundred trees, helping families across the globe to create a more stable future. The trees planted through this foundation provide families with sustainable agricultural food sources.

“The Institute is excited to have the opportunity to give back to the land that supports us all,” stated 2016 RLI National President Bob Turner, Accredited Land Consultant. “As an organization whose members are the most passionate land professionals in the country, we are proud to be giving back in way that helps both the land and the community at large”.

For more information about the Realtors® Land Institute, please contact RLI Staff at 800.441.5263.

About the Realtors® Land Institute
The Realtors® Land Institute, an affiliate of the National Association of Realtors®, is the professional membership organization for real estate practitioners who specialize in land transactions. Over 100 years old, the Institute provides a wide range of programs and services that build knowledge, relationships, and business opportunities for the best in the land business. Through its best-in-class LANDU curriculum, the Realtors® Land Institute confers its Accredited Land Consultant designation to only those real estate practitioners who achieve the highest levels of education, experience, and professionalism.

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Real Estate Land Professionals Will Go BIG! in Little Rock

April 13, 2016 (Chicago) – Land Professionals from across the country will gather in Little Rock, Ark., from June 5-13 to attend one of the land real estate industry’s biggest educational events. The annual LANDU Education Week plus, put on by the Realtors® Land Institute, is a unique opportunity for real estate agents to network and earn all of the education requirements towards the Accredited Land Consultant designation in one place.

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LANDU approved, expert instructors will facilitate courses which count towards the ALC designation as well as most National Association of Realtors® State Association Continuing Education credits*. Registrants can choose to take between one and six courses during the event. This year’s LANDU Education Week plus is backed by the strength of the RLI Arkansas Chapter.

The Realtors® Land Institute is currently offering a free one-year membership with full member benefits to event registrants signing up for all six courses who are new to the Institute. Current members can save $100 off registration when registering to attend all six courses.

For more information or to take advantage of these offers, please contact RLI Staff at 800.441.5263 or rli@realtors.org.

*The REALTORS® Land Institute is not responsible for determining if a course is eligible for CE credit. Registrants may contact the Institute to request information which they may bring to their state association to verify the courses eligibility for CE Credit.

 

 

Aubrie Kobernus, RLI EVP

REALTORS® Land Institute Lands New EVP As They Look To The Future

March 18, 2016 (Chicago, Ill.)- Bob Turner, ALC, 2016 REALTORS® Land Institute (RLI) National President, announced Aubrie Kobernus as the Institute’s new Executive Vice President (EVP) during the 2016 National Land Conference in Dallas last weekend. The change comes as the Institute pushes to bring members added value to their membership in an effort to further enrich their careers as land professionals.

Current RLI President Bob Turner, ALC, expressed “Aubrie has the talent and skills to lead The REALTORS® Land Institute into the future. She is a member-driven leader that has tremendous organizational knowledge and skills from her experience with the Memphis Area Association of REALTORS® (MAAR). We are truly lucky to have a leader with such strong core values and extensive experience within the REALTOR® Family. I think she is the perfect choice to lead the Institute into the future!”

Kobernus brings fourteen years of experience in multiple facets of the real estate industry including association/non-profit management, governmental affairs, public policy, affordable housing, and community development.  She has extensive experience in program development and management, culled from working at the Memphis Area Association of REALTORS®, where she managed three divisions: Governmental Affairs and RPAC, the Commercial Council, and the MAAR Benevolent Fund Corporation.

“I am thrilled to be chosen as RLI’s next Executive Vice-President. I am excited to work in partnership with RLI leadership and our exceptional staff to return RLI to being a member-driven organization with the tools and resources to make our members the best in the land business anywhere in the world,” Kobernus stated.

Kobernus will be moving from Tennessee to work at the REALTORS® Land Institute’s headquarters in Chicago this April.

About the REALTORS® Land Institute
The REALTORS® Land Institute is the professional membership organization for real estate practitioners who specialize in land transactions. Over 100 years old, the Institute provides a wide range of programs and services that build knowledge, relationships, and business opportunities for the best in the land business. Through its best-in-class LANDU curriculum, the REALTORS® Land Institute confers its Accredited Land Consultant (ALC) designation to only those real estate practitioners who achieve the highest levels of education, experience, and professionalism. For more information, visit rliland.com or call 800.441.5263.