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Disciplines July 2014

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

Legal Case Studies July 2014

Legal Case Studies

Research and analysis by Lisa Hartzler, Sorling Northrup Attorneys

Bill amends Residential Real Property Disclosure Act to include defects in doors and windows. Senate Bill 2597 passed both houses and was sent to the Governor for signature on June 6, 2014. The Governor has 60 days to sign. The bill amends Section 35 of the Residential Real Property Disclosure Act (765 ILCS 77/35) by adding two words—“windows” and “doors”—to item number 6 on the disclosure form.

Technology: Bad Comes with the Good Eavesdropping, Social Media & Internet Scams

Technology: Bad Comes with the Good
Eavesdropping, Social Media & Internet Scams

By Todd Turner, Sorling Northrup Attorneys

Technology impacts society all the way from affecting eavesdropping law, to social media sites becoming accepted by courts, to technology being used for scams. Technology is a great tool, but be sure to be careful when using it.
Eavesdropping

Weekly 7-1-14

Industry News and Trends

2014 IAR Legislative Scorecard

Date: 
July 2, 2014

Illinois REALTORS® Show the Power of R in Springfield

Illinois REALTOR® Magazine | July 2014

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Commercial: What is Placemaking and how can it help communities grow through economic development?

What is Placemaking

and how can it help

communities grow through

economic development?

 

Two of the country’s leading experts on the subject share insights on this important trend in commercial real estate.

By Alex Ruggieri, CCIM, S.E.C., GRI, MBA is Senior Investment Advisor with Sperry Van Ness/Ramshaw Real Estate in Champaign.

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Placemaking:  A movement that reimagines public spaces as the heart of every community, in every city. It’s a transformative approach that inspires people to create and improve their public places. Placemaking strengthens the connection between people and the places they share. – Project for Public Spaces
 
Creative Class: The socioeconomic theory by economist and social scientist Richard Florida that identifies those
who create for a living, the “creative class,” as an emerging economic force. According to Florida’s book, “The Rise of
the Creative Class,” this creative workforce comes from a variety of areas including engineering and science, education, small business, architecture, arts and entertainment.

Meet the 2014 Illinois REALTOR® of the Year Pat Callan

Illinois REALTOR® Magazine | July 2014

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Pat Callan is the Managing Broker-Owner of Realty Executives Premiere in Wheaton. He is a member and past president of the Mainstreet Organization of REALTORS® and has twice received his local association’s REALTOR® of the Year award. A Certified Public Accountant as well as a REALTOR®, Callan led the Illinois Association of REALTORS® as president in 2009.

Drill down to your local county data with IAR's Faststats

Illinois REALTOR® Magazine | July 2014

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Understanding (and opposing) home rule

Illinois REALTOR® Magazine | July 2014

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What is home rule?
 
Pursuant to the Illinois Constitution, a municipality can seek to become a home rule unit if the voters approve it in a referendum. The Constitution also states that a municipality automatically becomes a home rule unit when its population reaches 25,000. With home rule status comes additional powers for municipalities to regulate and tax its citizens and businesses.