Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation. Visit their website for more details and the most current disciplinary action. Real estate managing broker license indefinitely suspended for a [...]
5 hotline Q&A including one related to our heavy spring rains. Is it necessary to disclose seepage or leaks in the basement that have never occurred before in the history of the home? 1. It has been [...]
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 [...]
The period immediately following managing broker license renewal is a good time to "get your house in order" by completing some essential, but sometimes overlooked, housekeeping items. 1) Document your license renewal and make sure it is available for review. [...]
Legal case studies this issue: credit reporting agency did not violate Fair Credit Reporting Act by disclosing rental applicant’s guilty plea and supervision buyer entitled to specific performance under purchase contract first-time buyers allowed to proceed against real estate [...]
Legal case studies this issue: brokers were not entitled to commissions on renewal of lease, blind plaintiff’s suit against Domino’s Pizza website allowed to proceed, appeal of suit dismissing challenge to Chicago’s short-term rental ordinance not reviewable, seller had [...]
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 [...]
Illinois REALTORS provided Independent Expenditure support to 20 candidates in the 2019 Municipal Elections. Thirteen of them won their respective races. The victorious candidates were: Chicago Aldermanic candidates Greg Mitchell, Raymond Lopez, Stephanie Coleman, Ariel Reboyras, Samantha [...]
