Legal Update on May 18 to focus on emerging issues, multiple sales offers and the next phase of the state’s reopening

Legal Update on May 18 to focus on emerging issues, multiple sales offers and the next phase of the state’s reopening

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It’s a red-hot housing market where multiple offers have become the norm, deals are moving fast and buyers and sellers are anxious to get transactions done. But REALTORS® must be mindful of the some of the legal issues this particularly competitive housing market presents from putting in the offer to closings and commissions.

Join Illinois REALTORS® General Counsel Betsy Urbance and Legal Hotline Attorney Anneliese Fierstos at 11 a.m., May 18 for a virtual Legal Update. The session is free and for Illinois REALTORS® members.

Betsy and Anneliese will cover issues related the state’s post-pandemic reopening and the latest trends that affect you and your business including:

  • The importance of educating buyers and sellers about the ins and outs of multiple offers.
  • The perils of using escalation clauses to make your offer stand out.
  • Determining who is the procuring cause in some scenarios.
  • The license rules that apply when you want to add property management as a side gig.
  • Rules about virtual offices, independent contractor status, exclusive buyer brokerage agreements and more.
  • PLUS, get an update on what you need to know as Illinois moves into the Bridge Phase of the state’s COVID-19 mitigations.

Have another question? You may submit a question to Betsy and Anneliese to answer during the session. Submit your question here.

Register now and reserve your spot for this member update!



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