Year-End To-Do List
By IAR Chief Legal Counsel Steve Bochenek.
As this edition of the D.R. Legal News is the last one for 2013 it seemed appropriate to review some items that will be important for brokerage companies and their managers as of 2013 year-end. As part of their regular routine most companies look at year-end issues and look ahead to what issues need to be addressed for the next year. Hopefully this article will help supplement some of those items that are already on your “to-do” list. Our list includes:
Six legal case studies are covered in this issue. Read more >
Real Estate Disciplines. Among the recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation (IDFPR): 1) A real estate managing broker license was reprimanded with continuing education conditions and fined $500 after failing to return earnest money for 11 months. 2) A real estate broker license was reprimanded and fined $1,000 for publishing potentially misleading advertising. Read more >
Cook County Responds to IAR Questions on Section 8. On Oct. 23, the Illinois Association of REALTORS® received a response to its letter to the Cook County Department of Ethics and Human Rights asking for specific answers to questions regarding changes to the Cook County Human Rights Ordinance that make it a violation the ordinance to discriminate in real estate transactions based upon an individual participating in the Housing Choice Voucher Program (Section 8). The ordinance applies to all rental units in suburban Cook County. (The City of Chicago has a similar human rights/fair housing protection.) Read the IAR Q&A and letter (PDF) >
E&O Insurance…What Is Covered..or Not? - October IAR Legal Webinar. Each month IAR legal counsel presents a one-hour webinar on hot topics of the day. IAR members can download the programs at www.illinoisrealtor.org/legal/webinars. (Note: Member login required for this exclusive IAR member benefit.)
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