The Chicago Association of REALTORS®, the “Voice for Real Estate” in Chicago since 1883, represents 16,000+ members from all real estate specialties including commercial sales, development, property management, appraisal, auctions and residential sales.
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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.
On Thursday, January 9, CAR members gathered at the Swissotel Chicago to hear from three leading real estate economists on what they can expect from 2020. Dr. Lawrence Yun of the National Association of REALTORS®, George Ratiu of realtor.com® and Brandon Svec of The CoStar Group, spent the afternoon providing their insights into the residential […]
Illinois REALTORS® has made available the following FAQs regarding the Just Housing Amendment. When processing applications for rental housing, what are new and/or different requirements? Housing providers cannot include a checkbox within initial housing application materials indicating whether a person has a criminal background. Before accepting an application fee, a housing provider must disclose the […]
The FHA released its loan limits for 2020 on December 3, 2019, with just about every county seeing an increase in the highest and lowest-cost loan limits. Loan limits are calculated so that all counties in one Metropolitan Statistical Area (MSA) benefit from the highest limit in that MSA. In 2019, the government changed the […]
JUST HOUSING AMENDMENT UPDATE The new rules for the Just Housing Amendment have taken effect, although enforcement begins January 31. This amendment expands the Human Rights section of Cook County municipal law to protect individuals with a criminal background when applying for housing. It is important that those in the residential leasing business update their […]
The Chicago residential lease has been updated for 2020 with the new security deposit interest rates. Ensure you are using the new lease, which is editable, available here. Review the new state and City of Chicago security deposit interest rates here. Please note the 2019 lease document was designed to expire at midnight on Dec. 31. […]
New year, new decade, new laws – be sure you’re in compliance! Here’s what will impact your business starting Jan. 1, 2020: Learn more about the new laws in Illinois and Chicago in 2020:
As of January 1, 2020, recreational consumption, possession, and sales of cannabis products are legal in Illinois for people over the age of 21. Illinois is the 11th state in the country to legalize marijuana for recreational use. Usage of medical marijuana in Illinois has been allowed since 2013, but the legalization will broaden the […]
The Chicago Association of REALTORS® honors the outstanding listing and selling accomplishments of our members with its annual Sales Awards Recognition. This recognition gives CAR members the opportunity to celebrate success and, more importantly, to demonstrate the power of cooperation that exists in the Chicagoland real estate market. Top producers will be featured in the Chicago […]
Titans of Industry – an all-day, nine-hour, 17 speaker line-up day of education and empowerment – was not about what happened on stage, not entirely. The Titans, the ones charged with towing the weight of equality each and every day, were facing the light, the purple glow from the stage reflecting off the glow in […]
As Titans entered its afternoon hours, Marki Lemons Ryhal encapsulated the day’s events with both her content and her presence. “Tech will not replace REALTORS®,” she said. “REALTORS® who use technology, though, will replace those who do not.” For Lemons Ryhal, real estate is as much about authenticity and connection as it is about business, […]
The #LadyBoss panel, comprised of some of the top executives in the Chicago – and national – real estate industry, embodied the spirit of empowerment. “In a male-dominated industry, I finally started to speak up and call out when I saw I wasn’t invited or recognized,” Tammy Hajjar Miller, senior vice president of mortgages at […]
More and more studies from renowned publications including Forbes and Harvard Business School are finding emotional intelligence (EQ) to be more and more imperative to your career – perhaps even more so than your IQ. That’s why Sue Yannaccone, regional executive vice president at Coldwell Banker, had almost an hour dedicated to presenting on the […]