Several weeks ago, the United States Department of Justice filed a complaint against the National Association of Realtors for alleged anticompetitive acts. In addition to filing the complaint, the DOJ proposed a Final Judgement or settlement for the case. It…
Several weeks ago, the National Association of Realtors along with four other major brokerages found themselves in a class action lawsuit allowed to proceed as ruled by a federal judge in Illinois. The lawsuit, Moehrl v. National Association of Realtors, filed…
We have recently seen plenty of funny signs emerging during the COVID pandemic about mask wearing. Even before that, some businesses exercised a certain sense of humor when warning customers about potential dangers in store. It begs the question though.…
Judge John C. Anderson joined other judges who have upheld Pritzker’s authority to govern the State of Illinois through the COVID-19 pandemic by recently ruling in favor of Pritzker’s eviction moratorium during the pandemic regardless of the economic devastation caused…
The purpose of a Mechanic’s Lien is to ensure that contractors and subcontractors who work on a real estate improvement project are paid for the labor, materials, and/or machinery they have provided to that project. The Illinois Mechanics Lien Act…
A new base, real estate contract began circulation at the start of 2019. It took over 100 hours of review and debate to ultimately get to an end product that changed one of the most widely used contracts in Illinois. If…
If you have purchased or sold real estate, you have likely heard about title insurance. In Illinois, the seller of real estate is customarily responsible for purchasing and delivering a title insurance policy to the buyer. This specific form of…
The law permits the transfer of property, including real estate in the condition in which it exists (often referred to “as is”). All buyers should be aware of what this term means, and its implications. Under the most commonly used…
On December 20th, 2017 one of the largest tax reforms bill in recent decades was passed, which went into effect on December 31, 2017. The implications of this Act will affect realtors, homeowners, future homebuyers and the real estate market.…
The new year brings a renewed focus on opportunities and goals. Changing your real estate, preparing your estate plan, or beginning your dream business may be a few resolutions to add to your list. Our experienced team of professionals can…