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Newly-Passed Law Opens Opportunity for Alternative Credit Scoring

The Economic Growth, Regulatory Relief, and Consumer Protection Act, signed into law last month, is a historic win for advocates for alternative credit. Under the new law, mortgage lenders are […]

REALTOR® Parking Permit Quietly Phased Out

The City of Chicago Professional Service Parking Permit was quietly phased out in the Spring of 2018 as a result of dwindling applications and user support. The program was re-launched […]

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New Wage Requirement Could Hurt Local Commercial Development

Despite more than three hours of nearly 65 speakers voicing opposition, urging Commissioners to defer or oppose the ordinance, the Cook County Board of Commissioners voted to approve an ordinance […]

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Changes to Chicago Electrical Code

The Department of Buildings will begin to enforce the new electrical code and smoke and carbon monoxide detection requirements. The updated requirements, which were adopted by the city council last […]

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Thank you for your Action on ADA Reform!

THANK YOU FOR YOUR ACTION! We are pleased to report the ADA Education and Reform Act, HR 620, was approved by a bipartisan vote in the U.S. House of Representatives […]

Government Affairs: Criminal Background Checks in Housing Update

ISSUE BACKGROUND In April 2016, the Office of General Counsel (OGC) for the U.S. Department of Housing and Urban Development (HUD) published a memorandum on criminal background checks in housing, […]

2018 Broker CE Schedule

Continuing Education (Licensed Prior to 2/1/16) If you were licensed prior to February 1, 2016 you will need to complete the requirements below by April 30, 2018: 3 Hours Core […]

Tax Reform: What You Need to Know

For more than a century, American tax policy has recognized the value of homeownership to American middle-class wealth creation, strong and stable communities, and as a driver of our nation’s […]

Fed Raises Interest Rates for Third 2017 Rate Hike

The Federal Reserve has raised interest rates by a quarter of a percentage point, ranging between 1.25 and 1.50. This is the third interest hike of 2017, and is made […]

How to Prepay Your 2017 Taxes

Beginning Tuesday, December 12, 2017, Cook County Treasurer Maria Pappas is accepting online prepayments of next year’s First Installment property tax bill. For taxpayers who prefer to pay by mail […]

Urgent: Take Action on Tax Reform

NAR just issued a second Call for Action on tax reform as U.S. Senate and House negotiators are working to reconcile differing versions of tax bills which could hurt many Chicago property […]

FHFA Increases Maximum Conforming Loan Limits for 2018

The Federal Housing Finance Agency (FHFA) recently announced plans to boost conforming loan limits in 2018 in response to rising property values across the US. The FHFA will increase the […]