On Thursday, September 24, C.A.R. held a City Hall Day, with REALTORS® on-hand, to support the following initiatives. We will keep you informed as to any updates or developments.
Introduction of the Professional Parking Permit
City Clerk Susana Mendoza introduced a Professional Parking Permit for licensees who live in the city, as well as the suburbs. The Professional Parking Permit would be a special sticker issued to current and active real estate licensees and allows parking for business purposes in any residential parking permit zone between 9AM and 9PM for up to 24 months. The annual fee for the permit is proposed as $500 for Chicago professionals and $800 for non-Chicago professionals. If approved, the Professional Parking Permit would launch as a two-year pilot program.
In the News
City proposes all-access parking pass for real estate agents, via Crain’s Chicago Business
Reintroduction of the Residential Landlord Tenant Ordinance
RLTO was reintroduced under Alderman Brendan Reilly, for the purpose of empowering judicial discretion in the penalty phase of the ordinance. Currently, judges shall impose fines on landlords in RLTO matters, regardless of how minor. A change is being sought to replace “shall” with “may,” as Chicago’s landlord ordinance is considered the most punitive in the nation.
Courtesy Jessica Kern, Chicago Association of REALTORS®