Illinois REALTORS® are in East Peoria this week to discuss the legislative and policy issues affecting the industry and to make sure the voice of IAR members is heard at all levels of government. Check the IARbuzz blo
FOR RELEASE: January 23, 2015
For Further Information Contact: Stephanie Sievers, 217-529-2600
IAR's leadership team was in Springfield for the inauguration of Governor Bruce Rauner and the state's constitutional officers on Monday. The 99th Illinois General Assembly will be sworn into office on Wednesday.
Calling all previous Major In
Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation, http://www.idfpr.com/News/Disciplines/DiscReports.asp
Agreement to pay commission on Indiana sale to Illinois agent was unenforceable. Elkhatib v. Sulaiman, 2014 IL App (1st) 132474-U. Plaintiff, a licensed real estate agent in Illinois who worked as an independent contractor for the defendant, a licensed Illinois real estate brokerage firm, obtained a listing for an Indiana hotel, which sold for $1.8 million. A commission of $72,000 was paid to the broker.
The Residential Real Property Disclosure Report has become a familiar part of real estate transactions in Illinois, however, there are unique circumstances where this seemingly simple form can raise interesting questions about who exactly should be signing.