The Real Estate Ripple

Three Rivers Association of REALTORS®

The Real Estate Ripple is your trusted source for all things real estate, lending, and local market insights. Whether you’re a realtor, mortgage professional, or part of the real estate community in Joliet and beyond, we provide expert tips, strategies, and stories to help you thrive. Tune in for market updates, in-depth interviews, and actionable advice to stay ahead in the property game. Subscribe today and make waves in your real estate journey! read less
BusinessBusiness

Episodes

Breaking Barriers a Black History Month Conversation on Homeownership with guests Terrell and Danielle Shell
Feb 4 2025
Breaking Barriers a Black History Month Conversation on Homeownership with guests Terrell and Danielle Shell
This episode of The Real Estate Ripple podcast, hosted by Joe Medrano and Carl McGee from Three Rivers Association of REALTORS®, features special guests Terrell and Danielle Shell, a husband-and-wife real estate duo. The discussion highlights the challenges and progress in Black homeownership, particularly in Illinois, where Black homeownership stands at around 40%, significantly lower than the 72% rate among white homeowners. Key Topics Discussed: Personal Homeownership Journey: Terrell and Danielle share their story of becoming homeowners, experiencing foreclosure during the 2007-2008 financial crisis, and eventually regaining homeownership.They emphasize the importance of financial literacy and preparation, recounting how they recovered by learning from their past financial mistakes. Barriers to Black Homeownership: Misinformation and lack of financial education prevent many from owning homes.Generational trends—many families have never owned homes, leading to a lack of homeownership knowledge being passed down.The psychological barrier—many believe homeownership is out of reach, which discourages them from even starting the process. Role of Education in Homeownership: The Shells advocate for real estate education at the high school level, helping younger generations understand credit, savings, and mortgage processes.They share their outreach efforts, where they mentor and educate students about financial literacy and homeownership. Predatory Lending and Policy Changes: Discussion about the predatory lending practices that led to foreclosures in the Black community during the 2007-2008 financial crisis.Today’s lending landscape has improved with more regulations to prevent similar financial disasters. Encouraging First-Time Homebuyers: Stories of clients who overcame obstacles to become first-time homeowners, including a client who became the first in his family to own a home.The importance of mentorship and support in helping first-time buyers navigate the process. The Role of Veterans in Homeownership: Many Black veterans are unaware of VA loan benefits that could help them purchase homes with no money down and no mortgage insurance.Raising awareness about these programs is essential to increasing Black homeownership. Final Message: The conversation concludes with a call to action: Educate communities about homeownership.Encourage financial literacy from a young age.Support first-time homebuyers, particularly in underrepresented communities. The hosts and guests emphasize that Black History Month is not just about reflection but also about taking steps toward economic empowerment through real estate.   Episode Sponsor:   Buy tickets at: www.trarealtors.net
The Corporate Transparency Act Explained: How It Affects Your Business with Attorney Sean Robertson of Gateville Law Firm
Oct 28 2024
The Corporate Transparency Act Explained: How It Affects Your Business with Attorney Sean Robertson of Gateville Law Firm
Welcome to another insightful episode of The Real Estate Ripple, where hosts Joe Medrano and Carl McGee dive into the world of real estate with expert guests. This week, they're joined by attorney Sean Robertson from Gateville Law Firm, specializing in real estate and estate planning, to discuss the Corporate Transparency Act (CTA). In this episode, you'll learn about the CTA's purpose in combating money laundering and terrorism through real estate and business entities. Sean explains who needs to comply, the deadlines involved, and the potential penalties for non-compliance. Whether you're a realtor, investor, or involved in any incorporated entity, this episode provides crucial information you can't afford to miss. Discover the implications for LLCs, S-corps, and other business structures, and how this new regulation affects privacy and ownership transparency. Sean also shares practical advice on how to navigate the registration process, ensuring you're prepared for the upcoming changes. Tune in to stay informed and ensure your real estate ventures remain compliant in the ever-evolving landscape. Don't forget to subscribe and share The Real Estate Ripple with your network to keep the conversation going. Remember, every ripple counts! This Episode's Guest: The Corporate Transparency Act - Presentation - PDF of Sean's Power Point Presentation Gateville Law Firm Link to Website The Affiliate Committee Presents: Food for Thought On-Demand - Corporate Transparency Act Explained w/Sean Robertson
TRAR's Diversity Committee - Promoting Diversity, Education, and Inclusion.
Aug 1 2024
TRAR's Diversity Committee - Promoting Diversity, Education, and Inclusion.
In this episode of “Keepin' Up with the Currents Real Estate Real Talk,” host Connie Vavra delves into the significance of diversity in the real estate industry with guests Christina Johns and Kimberley Peoples. The conversation centers around the evolution of the Diversity Committee at Three Rivers Association of Realtors, its impact on the industry, and the importance of inclusivity in creating a welcoming space for all members. From community outreach at events like Joliet Pride to upcoming initiatives like a cultural food fest and book club discussions, the committee is dedicated to promoting awareness and understanding of diverse backgrounds. About the Guest(s): Christina Johns: Christina Johns is the Chair of the Diversity Committee at Three Rivers Association of Realtors. With a passion for inclusivity and creating a welcoming environment for all members, Christina is dedicated to ensuring that diverse backgrounds and cultures are represented within the association. Her commitment to education and awareness drives her efforts to make Three Rivers a place where all individuals feel recognized and valued. Kimberley Peoples: Kimberley Peoples serves as the Vice Chair of the Three Rivers Diversity Committee. Bringing a wealth of experience in community lending, Kimberley is focused on promoting diversity and inclusion within the real estate industry. She actively participates in educational initiatives and community events to foster understanding and appreciation for different cultures and backgrounds. Key Takeaways: The Diversity Committee at Three Rivers Association of Realtors aims to create a welcoming and inclusive environment for all members, ensuring that diverse backgrounds and cultures are represented.Initiatives such as community outreach at events like Joliet Pride and educational efforts, like book club discussions, are instrumental in promoting diversity and inclusion within the real estate industry.Engaging in cultural events, such as a future performance cultural event, helps to celebrate and appreciate different origins and traditions, fostering a sense of community and mutual understanding.The committee encourages diverse participation from members of all backgrounds to ensure a wide representation and to receive a variety of perspectives and ideas for future initiatives.Education and open communication are key to addressing assumptions and biases in the industry and fostering a culture of respect and appreciation for all individuals. Notable Quotes: Christina Johns: “We want to make sure that everybody feels comfortable and knows that they are a part of this association.”Kimberley Peoples: “I think that’s the key to diversity, inclusion is education.” Resources: Three Rivers Association of Realtors Website Don’t miss out on this insightful discussion on diversity in real estate. Tune in to the full episode for more enlightening insights and stay informed with “Keeping Up with the Currents Real Estate Real Talk” podcast.
TRAR's Ignite at Joliet Slammers event PLUS more! With TRAR's Special Events Committee!
Jul 15 2024
TRAR's Ignite at Joliet Slammers event PLUS more! With TRAR's Special Events Committee!
In this episode of “Keeping Up with the Currents Real Estate Real Talk Podcast,” host Connie Vavra engages in a lively discussion with Jennifer Viano and Molly Babyak about the exciting upcoming events organized by the Special Events Committee at Three Rivers Association of Realtors®. From the action-packed Ignite baseball game at the Joliet Slammers on August 2nd to the tropical-themed Installation of the Board of Directors at Embers Taphouse on September 26th, the podcast delves into the details of these events while highlighting the fun and camaraderie that define the association’s culture. Listeners can look forward to a blend of networking opportunities, educational insights, and festive celebrations as they dive into the world of real estate with a fresh perspective. About the Guest(s): Jennifer Viano Jennifer Viano is the Secretary/Treasurer for Three Rivers, Chair of the Special Events Committee, and Broker Owner of Town Center Realty. With a passion for real estate and a commitment to community involvement, Jennifer brings a wealth of experience and expertise to the industry. Her leadership roles within the association showcase her dedication to advancing the real estate profession and supporting fellow REALTORS®. Molly Babyak Molly Babyak serves as the Director of Education and Special Events at Three Rivers. Her multifaceted role involves orchestrating engaging events, fostering educational initiatives, and creating memorable experiences for members. Molly’s innovative approach and organizational skills have contributed significantly to the success of various events hosted by the association. Key Takeaways: Enjoy a family-friendly evening at the Ignite at Joliet Slammers event on August 2nd with a pre-game picnic, private bartender, and an opportunity to win the first pitch raffle.Come out and join us at our Installation event on September 26th for a night of celebration, tropical vibes, and a taco bar at Embers Taphouse in Lockport.Mark your calendars for the Christmas party on December 17th at Jacob Henry Mansion, featuring a fun-filled theme and engaging activities for all attendees. Don’t miss out on these exciting events and experiences organized by Three Rivers Association of REALTORS®. For more insightful discussions and engaging content, tune in to the full episode of the podcast and stay updated on upcoming episodes. Resources: Members and their guests can register for our upcoming events on our website below. Three Rivers Association of REALTORS® Website
The REALTOR® Party, Legislative meetings, & RPAC with Karen Robertson
Jun 14 2024
The REALTOR® Party, Legislative meetings, & RPAC with Karen Robertson
In this episode your Host, Connie Vavra and Karen Robertson, a seasoned REALTOR® with over 30 years of experience, discuss the vital role real estate professionals take in shaping community policy and advocacy efforts. From advocating for private property rights to influencing legislation at the state and national levels, Karen emphasizes the impact of REALTORS® in driving positive change. Discover how realtors collaborate, share stories, and work tirelessly to represent consumer interests effectively - a must-listen for anyone interested in the intersection of real estate and community development. Tune in for insightful discussions on the Realtor Party’s mission and impactful initiatives. Show Notes About the Guest(s): Karen Robertson is a seasoned managing broker at crosstown Realtors Otahomer, Glenn, and Plainfield, with over 30 years of experience in the real estate industry. With a background in building and development, Karen brings a unique perspective to her role as a realtor. She has been actively involved in the Homebuilders association at the state, local, and national levels and is dedicated to advocating for private property rights and shaping policies that benefit communities. Episode Summary: In this engaging episode, Karen Robertson sheds light on the impact of the REALTOR® Party on the real estate industry and the community. Discussing her extensive background in building, development, and real estate, Karen delves into how real estate professionals collaborate rather than compete. She emphasizes the importance of advocacy, policy formation, and community involvement in driving positive change. Key themes explored include advocating for private property rights, shaping local policies, engaging in government affairs, and the significance of the Realtor Party in addressing housing challenges. Karen shares real-world examples, such as influencing a local ban on short-term rentals to accommodate individuals in transition and promoting veteran-friendly policies in real estate transactions. Key Takeaways: Advocacy for private property rights and community engagement are crucial aspects of being a real estate professional.The REALTOR® Party plays a significant role in shaping policies that benefit homeowners, renters, and communities.Collaborating with elected officials and government agencies can lead to positive outcomes for housing issues.REALTORS® have a voice in advocating for fair housing practices and addressing housing challenges.Involvement in the REALTOR® Party grants opportunities to influence legislation and support initiatives that benefit diverse communities. REALTOR® Advocacy | Illinois REALTORS® REALTORS® Political Action Committee | Advocacy | Illinois REALTORS®
First Time Home Buyer Challenges and How to Fix Them
May 23 2024
First Time Home Buyer Challenges and How to Fix Them
Show Notes About the Guest(s): Joe Medrano is a seasoned loan officer with over 25 years of experience in the banking industry. He has worked at various financial institutions, including big banks, small community banks, and credit unions. Joe is currently a loan officer at loanDepot, one of the largest non-bank lenders in the United States. He specializes in helping first-time homebuyers navigate the complex process of obtaining a mortgage and purchasing their first home. Episode Summary: In this episode, host Connie Vavra interviews Joe Medrano, a loan officer at loanDepot, about the challenges faced by first-time homebuyers and how to overcome them. Joe shares his personal experience as a first-time homebuyer and the mistakes he made, which inspired him to specialize in helping others avoid similar pitfalls. The main challenges discussed are the lack of funds for a down payment and credit issues. Joe provides valuable insights and advice on how first-time homebuyers can overcome these challenges and achieve their dream of homeownership. Key Takeaways: - Lack of funds for a down payment is a common challenge for first-time homebuyers. Joe explains the concept of “cost of waiting” and how waiting to save for a 20% down payment can result in missed equity gains and higher home prices. - There are various down payment assistance programs available, such as the Illinois Housing Development Authority (IDHA) programs. These programs offer forgivable, deferred, or repayable down payment assistance, depending on the borrower’s eligibility and preferences. - Credit issues can also be a significant challenge for first-time homebuyers. Joe emphasizes the importance of maintaining a good credit score and provides tips on improving credit, such as paying bills on time and reducing credit card balances. - Joe highlights the importance of education and personalized guidance for first-time homebuyers. He emphasizes the need for borrowers to work with loan officers who are knowledgeable about down payment assistance programs and can provide tailored advice based on individual circumstances. - Joe and Connie discuss the importance of confidentiality and trust in the client-lender relationship. They assure listeners that their conversations and personal information will remain confidential, creating a safe space for clients to discuss their financial situations. Notable Quotes: - “The longer you wait to save for a down payment, the more you’re missing out on equity gains and tax advantages.” - Joe Medrano - “If you’re going to make a payment anyway, you may as well make the payment to the bucket that’s going to create equity for you.” - Joe Medrano - “It’s not like I go home and talk to you about your credit issues with the realtor. Yeah, no, not unless you want me to. It’s between me and the customer, you.” - Joe Medrano   loanDepot - Joe Medrano    Illinois Housing Development Authority
What is a Governmental Affairs Director and why you should attend 2024 Capitol Conference! with Nora Gruenberg.
Mar 28 2024
What is a Governmental Affairs Director and why you should attend 2024 Capitol Conference! with Nora Gruenberg.
In this episode join me, Connie Vavra, your guide through the ever-evolving world of real estate, as we navigate the complexities of how government policies intertwine with our industry. Listen in as I welcome Nora Gruenberg from the Illinois Realtors Government Affairs Program to shed light on the pivotal role of Government Affairs Directors. Nora offers invaluable insights into their advocacy for real estate-friendly policies, the significance of local government engagement, and the collaborative efforts required to dissect and influence complex legislation. We explore the direct impact of these policies on housing affordability and access, underscoring the importance of a united front between realtors, elected officials, and communities to ensure a favorable environment for real estate transactions. In our conversation, we reflect on the tangible effects of realtor advocacy with a case study from Plainfield, illustrating the power of community and professional involvement in legislative matters. Hear about my eye-opening experience at the Capital Conference in Springfield and learn how every individual's participation can tip the scales in policymaking. This episode is not just a discourse but an invitation for realtor members to join the movement and bolster the government affairs department through proactive engagement. We also unveil practical steps you can take to remain at the forefront of advocacy, ensuring that your voice and the interests of the real estate sector are heard loud and clear. So tune in, as we collectively steer through the dynamic currents of today's property landscape, armed with expert advice and the shared goal of a thriving real estate community. --------- EPISODE CHAPTERS --------- (0:00:00) - Real Estate and Government Affairs (0:14:04) - Realtor's Impact on Local Government (0:27:37) - Real Estate Real Talk & Insights --------- EPISODE CHAPTERS WITH SHORT KEY POINTS --------- (0:00:00) - Real Estate and Government Affairs Government Affairs Directors advocate for real estate policies, involving realtors, elected officials, and staff to ensure fair transactions. (0:14:04) - Realtor's Impact on Local Government Community involvement, Realtor Party, and individual participation in influencing policy discussed in Plainfield's efforts to prevent a problematic bill. (0:27:37) - Real Estate Real Talk & Insights Real estate dialogue offers expert advice and insights for professionals and home buyers, navigating market trends and utilizing resources.   Sponsored by Three Rivers Association of REALTORS® 2024 Home Expo Links: 2024 Capitol Conference: Capitol Conference REALTOR® Lobby Day - Illinois REALTORS TRAR 2024 Home Expo: Home Expo! | Three Rivers (trarealtors.net)   PLEASE NOTE: TRAR's bus to the 2024 Capitol Conference is CANCELED!
TRAR Home Expo with Eddie Ruettiger
Mar 20 2024
TRAR Home Expo with Eddie Ruettiger
Join Connie Vavra as she interviews Eddie Ruettiger of the Ruettiger Group about the upcoming Three Rivers Association of REALTORS® Home Expo. This consumer-facing event focuses on homeownership and features vendors, classes, and non-profit organizations dedicated to helping individuals become successful homeowners. With the chance for the first 100 attendees each day to win $10,000 and a wide range of resources and information available, this free event is a must-attend for anyone interested in buying, selling, or maintaining a home. Don’t miss out on this opportunity to connect with experts in the field and learn valuable insights about the housing market. Chapters Timestamp Summary 0:00:00 Introduction to the upcoming Three Rivers Association of Realtors Home Expo 0:00:46 Overview of the event and its focus on homeownership 0:05:07 Discussion on the relationship between realtors and affiliate members 0:06:18 Recognition of sponsors and non-profit organizations involved in the event 0:09:48 Mention of the event’s relevance for sellers as well as buyers 0:09:48 The Home Expo offers information for sellers as well as buyers 0:09:52 Buying property requires personalized advice and a tailored approach 0:10:50 The Home Expo provides an opportunity to find the right team for your real estate needs 0:13:15 The first 100 attendees each day have a chance to win $10,000 0:14:48 Various classes will cover topics like applying for a mortgage loan and credit 101 0:15:39 The Home Expo will take place at the Renaissance Center in downtown Joliet 0:16:19 There is no cost to attend the Home Expo 0:17:38 A variety of vendors will be present, offering information and services 0:18:30 Conclusion and invitation to attend the Home Expo Show Notes About the Guest(s): Eddie Ruettiger is a real estate professional and a member of the Ruettiger Group with Baird and Warner Real Estate. With years of experience in the industry, Eddie has a deep understanding of the real estate market and is dedicated to helping individuals achieve their homeownership goals. He is passionate about educating consumers and providing them with the necessary resources to make informed decisions. Eddie’s expertise and commitment to his clients have earned him a reputation as a trusted and reliable real estate agent. Episode Summary: In this episode your host, Connie Vavra, interviews Eddie Ruettiger of the Ruettiger Group about the upcoming Three Rivers Association of REALTORS® Home Expo. Eddie provides an overview of the event, highlighting its focus on homeownership and the various vendors and classes that will be available. He emphasizes the importance of having a team of professionals, including real estate agents, lenders, and lawyers, to guide individuals through the home buying process. Eddie also discusses the role of non-profit organizations in assisting individuals with down payment assistance programs and other resources. The episode concludes with a discussion on the benefits of attending the Home Expo, including the chance for the first 100 attendees each day to win $10,000 and access to valuable information and resources. Key Takeaways: The Three Rivers Association of Realtors Home Expo is a consumer-facing event focused on homeownership and will feature vendors and classes related to buying, maintaining, and selling homes.The event provides an opportunity for individuals to connect with professionals in the real estate industry, including real estate agents, lenders, and lawyers, to form a team that can guide them through the home buying process.Non-profit organizations, such as IDHA, United Way, and Habitat for Humanity, will be present at the Home Expo to provide information on their programs and other resources for successful homeownership.The Home Expo offers the first 100 attendees each day the chance to win $10,000 and access to valuable information and resources that can help them make informed decisions about homeownership. Thank you to our Sponsor, Shorewood Hugs. Shorewood Hugs   Resources: Ruettiger Group with Baird and Warner Real EstateThree Rivers Association of REALTORS® Home Expo
The Future of Three Rivers with Justin McLaughlin, Board of Directors President
Jan 3 2024
The Future of Three Rivers with Justin McLaughlin, Board of Directors President
Recorded: December 28, 2023 Keepin’ Up With The Currents: Real Estate Real Talk Season 1, Episode 6: Interview with Justin McLaughlin, REALTOR® with the JLM Group eXp Realty and President of the Three Rivers Association of REALTORS® Board of Directors. Summary: In this episode your host, Connie Vavra, interviews TRAR Board of Directors President, Justin McLaughlin about the future of TRAR. Topic #1 – You were installed as President in September how has your term been going so far. [3:00] Topic #2 – How members can volunteer for leadership [5:45) Topic #3 – How did you get into leadership at TRAR?  What was your journey? [6:30] REALTOR® Safety Tip – [12:08] Topic #4 – Tell us more about what changes have been implemented at TRAR and what can members look forward to over the next few months? [12:50] Topic #5 – Burnett v. NAR verdict – changes for TRAR moving forwarding.  New training for everyone. [14:58]             Links:              Update on NAR litigation - Illinois REALTORS                              CE at TRAR: TRAR Class Catalog | Three Rivers (trarealtors.net) Topic #6 – Winter Business Meetings [30:54]             Links: 2024 Winter Business Meetings - Illinois REALTORS             Illinois REALTORS® website: Illinois REALTORS®             There are 102 Counties in Illinois. [34:34]   This episode sponsored by Three Rivers Association of REALTORS®
TRAR Leadership Development Program – The history, benefits, and why you should apply this year!
Dec 13 2023
TRAR Leadership Development Program – The history, benefits, and why you should apply this year!
December 12, 2023 Keepin’ Up With The Currents: Real Estate Real Talk Season 1, Episode 5: TRAR Leadership Development Program – The history, benefits, and why you should apply this year! Leadership Development Program application link: https://forms.gle/UCY6XJPziv9H8kyp8 Summary: In this episode your host, Connie Vavra, discusses the Three Rivers Association of REALTORS® Leadership Development Program with 2 graduates of the 2023 class.  Connie herself is a previous graduate of the program. She is joined by: Ray Manuel, VP of Operations at National Title Solutions, Ray has over 14 years of experience in the real estate industry, including 10 years managing and overseeing the growth of a national title company in the Chicagoland area.Ashley Brown, is a REALTOR® with Century 21 Circle in Joliet, IL and currently serves as a Director on the Three Rivers Association of REALTORS® Board of Directors for 2023-2024. Nancy Vallee, is a REALTOR® with Baird & Warner, Plainfield and Vice Chair of the Leadership Development Committee at Three Rivers Association of REALTORS®. Nancy is also the unofficial “TRAR Historian” and a graduate of the very first Leadership Development program at TRAR.  Topics: Three Rivers Association of REALTORS’® Leadership Development Program.   Topic #1 – The history of TRAR’s Leadership Development Program and what’s ahead for this year. [3:58] Topic #2 – What was your “Why” that made you apply? [7:40] Topic #3 Pillars of the Program – Involvement – How has your involvement with the association, community, charitable organizations changed since completing the program? [12:10] Topic #4 – What was the biggest life lesson for you after coming out of the program? (16:35)   Thank you to our Episode Sponsor (20:00): This episode is sponsored by Joe Medrano of loanDepot, 3333 Warrenville Rd., Suite 630, Lisle, IL.  Joe was voted one of the Best Mortgage Professionals in Will County in 2023.  For more information click here: loanDepot - Joe Medrano Topic #5 – How do you know it’s your time?  The time is now! [21:41}  REALTOR® Safety Tip – Open House Safety [25:41] Topic #6 – Putting your application out there – what you should know. [25:46]Topic #7 – How has the TRAR Leadership Development Program helped you personally and professionally? [30:00] Apply for the Leadership Development program here: https://forms.gle/UCY6XJPziv9H8kyp8 Listen to this episode here: https://ThreeRiversRealtors.podbean.com/e/trar-leadership-development-program-%e2%80%93-the-history-benefits-and-why-you-should-apply-this-year/ Share our podcast: https://www.podbean.com/eas/pb-wucvc-15249ab