Real Estate Disciplines

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 [...]

2019-08-19T15:04:10-05:00August 19th, 2019|DR Legal News|0 Comments

Hot on the Hotline

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 [...]

2019-06-24T14:11:03-05:00June 24th, 2019|DR Legal News|0 Comments

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

Legal Case Studies: Credit reporting agency did not violate Fair Credit Reporting Act by disclosing applicant’s criminal background

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 [...]

2019-06-26T14:20:41-05:00June 17th, 2019|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

Election Activity at the Local Level

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 [...]

2019-04-24T09:45:22-05:00April 23rd, 2019|DR Legal News|0 Comments