Statememt from Chicago Association of REALTORS®

President Alexander Chaparro

On behalf of our Board and our 17,500 members, including the over 1000 real estate professionals and their clients and families who were impacted by this statute I am encouraged by the Governors actions to suspend HB4050 a statute REALTORS®, community leaders, and other advocates across Illinois have opposed since its inception. I especially want to thank the countless individuals who collectively worked hard to inform their neighbors, their political leaders, their churches and the media about HB 4050. Their efforts are appreciated.

In our testimony before the Department of Financial and Professional Regulations last year, myself and Illinois Association of REALTORS® President Robert Zoretich were joined by hundreds of you as we made several recommendations on ways to reform the lending process. I now encourage each of you within our membership, including those who worked so hard in their communities to rescind the bill to work just as hard to assist the Illinois General Assembly and the Governors office as well as the advocates for HB4050 to develop an open process to find a better solution in tackling the states foreclosure and mortgage fraud problems and to preserve buyers’ rights and their options towards buying a home.

I especially want to thank our HB 4050 chairperson Tracey Taylor, Governmental Affairs Chairperson Ezekiel Morris and fellow board member Gaspar Flores for their vigilance and continued efforts.

I assure each of you that we will continue to monitor the activities of the Governor’s office, the General Assembly and the Department of Financial and Professional Regulations in the coming weeks.

Look to Chicago Realtor or Illinois Realtor for details.

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