Public

Public Content

Hot on the Hotline: Multiple Offers

Hot on the Hotline: Multiple Offers

By Betsy Urbance, Legal Hotline Attorney, Sorling Northrup Attorneys

Q: How should I handle multiple offer presentations, and how can I be sure my offer is presented if I am the buyer's agent?

A: The License Act and the Code of Ethics require licensees to present all offers as soon as practicable, unless the seller waives the right to see each offer. There is no legal requirement that an agent present offers in the order in which they were received.

What Happens After the April 30 Illinois Broker License Renewal?

What Happens After the April 30 Illinois Broker License Renewal?

Q&A to share with your brokers, prepared by Carrie Elliot, Education Manager for the Illinois REALTORS® Licensing and Training Center.

I renewed my license online and it does not show that I renewed. How do I know if it worked?

IDFPR Disciplines - May 2016

Real Estate Disciplines

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

  • A community association manager license was fined $500 for engaging in the practice as a community association manager prior to obtaining a license.
  • A real estate managing broker license was indefinitely suspended for a minimum of one year and fined $9,500 because he acted as the attorney for the buyer in the same transaction in which he was a

Legal Case Studies - May 2016

Legal Case Studies

Research and analysis by Lisa Harms Hartzler, Sorling Northrup Attorneys

Developer was not required to disclose off-site social conditions to purchaser. In Phoenix v. U.S. Home Corporation, 628 Fed.Appx. 825 (3d Cir. 2015), the purchaser of a house in a New Jersey development asserted claims of fraud and negligent misrepresentation against the seller developer.

THE UNCLAIMED PROPERTY ACT: It Applies to You

THE UNCLAIMED PROPERTY ACT:

Weekly 4-26-16

Call for Action, Lobbying,

Vigilance Protect Your

Interests at State Capitol 

Breakout Text: 

April 25 is Illinois REALTORS® Day

FOR RELEASE: April 25, 2016

For Further Information Contact: Jon Broadbooks, 217-529-2600

Weekly 4-19-16

Call for Action: Tell Lawmakers

HB 4528 is a Bad Idea 

Breakout Text: 

 

April 19, 2016
 
 

 

Illinois home prices climb 4.3 percent in March; sales increase 1.9 percent

FOR RELEASE: April 20, 2016

For Further Information Contact: Jon Broadbooks, 217-529-2600

Weekly 4-12-16

Illinois REALTORS® Monitor

29 Proposed Bills in Springfield

Breakout Text: