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, a federal judge in Illinois allowed a class action lawsuit to proceed against the National Association of Realtors and four other major brokerages. The lawsuit, Moehrl v. National Association of Realtors, filed by several homeowners, alleges unfair…
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 of title insurance. In Illinois, the seller usually purchases and delivers a title insurance policy to the buyer. This insurance protects the future owner and sometimes the lender…
The law allows property, including real estate, to transfer in the condition it currently exists, often called “as is.” All buyers should understand what this term means and its implications. Under the most commonly used Real Estate Purchase Contracts, note…
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…