Illinois' Firearm Concealed Carry Act: Issues for Real Estate Brokerage
The lawful carrying of concealed firearms by licensed Illinois residents will soon begin in Illinois, thanks to legislation passed by the Illinois General Assembly last summer. Business owners, including those in the real estate brokerage industry, need to understand this law and consider what actions, if any, must be taken to protect their property, agents, employees, and clientele. After providing an overview of the law, this article will explore its impact on the real estate industry in Illinois and conclude with information about policy alternatives developed by the Illinois Association of REALTORS® for its members’ use. Read more >
Six legal case studies are covered in this issue. Read more >
Real Estate Disciplines. Among the recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation (IDFPR): 1) A real estate broker partnership license was revoked for discrepancies with an escrow account and failure to comply with Department standards on employment agreements and an unlicensed individual was ordered to cease and desist unlicensed practice of real estate and assessed a $25,000 civil penalty. 2) A real estate managing broker license was placed in refuse to renew status due to failure to comply with the Department’s request to examine the business and escrow records. Read more >
"Concealed Carry and the Real Estate Brokerage" - March IAR Legal Webinar. Each month IAR legal counsel presents a one-hour webinar on hot topics of the day. IAR members can download the programs at www.illinoisrealtor.org/legal/webinars. (Member login required.)
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