The latest legal news for Illinois Designated REALTORS®
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Employee or Independent Contractor puzzle pieces

LEAD STORY

Independent Contractor or Employee?

by John A. Kauerauf, Sorling Northrup Attorneys

If your goal is the independent contractor relationship, a brokerage's written contracts with its licensees should recite as many of the essential features of an independent contractor relationship
as possible.

> FREE MEMBER DOWNLOAD: Sponsoring Broker-Sponsored Licensee Contract (Independent Contractor Agreement Form). Note, member login required
 
mold disclosure

LEGAL CASE STUDIES • by Lisa Harms Hartzler, Sorling Northrup Attorneys

Buyers Allowed to Sue for Fraud Based on the Disclosure Report

Legal case studies this issue: Material defects (fungal growth, water damage) not represented in the disclosure report, restricting MLS access, city policy of terminating water service to tenants when landlord fails to pay, conditional-use permit for rehab center, antitrust, and a local government involuntary annexation sham.

 
advertising

HOUSE COUNSEL

Managing Brokers - Are You Supervising Your People? 

In a recent House Counsel program, the Illinois REALTORS® Legal Services Team covered managing broker supervisory duties for the licensees and unlicensed assistants working in offices or branch offices managed by them. These duties include training, supervising and assisting in areas such as company policies, real estate transactions, advertising and more.

Take a minute to review the Act and to review the Rules to be in compliance with the Real Estate License Act. 

 
disciplinary action

DISCIPLINES

Recent IDFPR Real Estate Disciplines

Real estate managing broker license reprimanded, fined $2,000 and must complete a course, for failure to supervise a subordinate license. Read more.
 
teams

HOT ON THE LEGAL HOTLINE

Teams 

by Betsy Urbance, Illinois REALTORS General Counsel

Teams are not (or at least should not be) separate entities. They are a functional unit or an artificial construct within a sponsoring brokerage company. The best analogy is that the team might operate like a company within a company, like a division. As the topic of teams heats up, now’s a good time to review the Illinois Real Estate License Act Section 10-20 and read General Counsel Betsy Urbance’s insights in the Illinois REALTOR® magazine, "Teams – What Are(n't) They?"

 
MRED
newsletter sponsor
 
Flood Insurance Call for Action

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Take Action on Flood Insurance...Before it Sinks the Housing Market

The National Flood Insurance Program will lapse July 31 if Congress does not extend the deadline. Illinois homeowners need to retain access to flood insurance as do 5 million consumers in 22,000 communities nationwide. Please ask your agents to take a minute to answer this advocacy Call for Action (CFA).

 
mortgage programs

VIDEO

What is GDPR and Why Should You Care?

The General Data Protection Regulation (GDPR) gives European residents more authority over their personal data and aims to strengthen data privacy and security. It will affect how businesses worldwide – including U.S. real estate brokerages – collect and manage customer information. Learn more from this NAR story and video.

 
CPIM

Discounts on Errors & Omissions Insurance
20-year member benefit partner of the Illinois REALTORS®