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 broker license reprimanded, fined $1,000 and required [...]
The latest RELA update, as of Aug. 12, 2019 As you may already be aware, the Illinois Real Estate License Act of 2000 (RELA, or the Act) was due to “sunset” at the end of 2019. This is a regular [...]
Attorney referrals, service and emotional support animals, and exclusive buyer’s agreements Attorney referrals The Illinois REALTORS® Legal Hotline has recently received a lot of inquiries about the steps necessary to combine brokerages, create referral relationships, and work [...]
Legal case studies this issue: U.S. Supreme Court takes extraordinary action in overruling a 1985 takings case that limited property owner’s right to sue in federal court. Subsequent purchasers of lots in unfinished development could be liable to finish [...]
Illinois REALTORS®, through the legal hotline and other channels, has been fielding questions about the “new” advertising provisions in the recently amended Real Estate License Act (the Act), that became effective on Aug. 9, 2019. The questions center on the [...]
Back in April, the Cook County Board passed an ordinance which amends the county’s human rights/fair housing law regarding how criminal history can be screened in qualifying applicants for rental housing. The amendment requires housing providers to [...]
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 [...]
