About Betsy Urbance

Elizabeth A. (Betsy) Urbance, General Counsel and Vice President of Legal Services has served the association’s members as General Counsel since 2018 and prior to that she was Legal Hotline Attorney since 1994. Urbance is a 1984 graduate of Western Illinois University and received her law degree from the University of Missouri School of Law in 1987. She is licensed in both Illinois and Missouri.

The Requirements of RESPA & Relationships between Settlement Service Providers (Revisited)

While it is clear that real estate licensees are governed by the Illinois Real Estate License Act (RELA), the rules under RELA, and the REALTOR® Code of Ethics (for members), it is important to remember that many other laws [...]

2019-10-23T12:15:14-05:00October 23rd, 2019|DR Legal News, RESPA|Comments Off on The Requirements of RESPA & Relationships between Settlement Service Providers (Revisited)

Legal Forms Fully Updated

New language for brokerage agreements includes surveillance (audio and video), consent (including phone) and protected class gender identity, plus two NEW forms offered are the Affirmation to Cooperating/Buyer’s Broker and the Office/Company Start-up Checklist. By Mindie Nesch, Ethics [...]

2019-06-24T10:45:08-05:00June 19th, 2019|Legal, DR Legal News|0 Comments

Are You Considering Retirement?

Illinois REALTORS®’ Legal Hotline has received a number of calls from members wanting to slow their practices down or retire altogether. If you are in this camp, or know someone who is, what are some steps to take, and [...]

2019-04-29T12:41:11-05:00April 24th, 2019|DR Legal News|0 Comments