As of January 1, 2010, the Act requires a written office policy for real estate brokerage offices. The written policy should include, but not limited to the following topics: Agency, Fair Housing, non-discrimination and harassment, clients’ confidential information, advertising, Sponsored licensees’ supervision and training, disclosures, risk management, earnest money and escrow handling as well as any other provisions the managing broker deems pertinent.
January 22, 2010
January 19, 2010
Illinois Real Estate License Act of 2000
The Illinois Real Estate License Act of 2000 is intended to protect the public through the regulation of all real estate licensees. Although the Act was passed in 2000, it is amended each year.
On January 1st 2010 The Illinois Human Rights Act was amended by Public Act 96-447 (HB 721) which added “order of protection status,” as a protected class. What this means for housing is that housing cannot be denied to a person based on the fact that the person is covered by an order of protection in Illinois, or any other state.