REALTORS® Win Big on IRS Business Income Deduction
Earlier this month, the IRS released proposed regulations reflecting the reforms made by the Tax Cuts and Jobs Act of 2017. These guidelines work to clarify which groups of workers […]
Chicago REALTORS® Blog & News
Welcome to the Chicago Association of REALTORS® blog and news hub. Explore magazine articles, industry updates and more. You can filter by category or tag based on your interests.
Take Action: Tell Congress to Reauthorize the NFIP
A Call for Action is underway, with critical impact on homeownership in Chicago and across the country. Take one minute right now to tell your legislators to reauthorize the National […]
To Avoid a CRLTO Violation, 48 Hours’ Notice Required to Show a Rental Unit
MRED has received multiple complaints from CAR members regarding an inability to show rental units requested from a cooperating brokerage within a 48-hour time frame. It is imperative landlords in […]
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 […]
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 […]
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 […]
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 […]