$19.5 Million to Be Refunded By Cook County Treasurer’s Office
You or your client could be one of about 53,000 homeowners in Cook County projected to receive a refund due to property tax cuts. The Cook County Treasurer’s Office is […]
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.
Down Payment Assistance Program NeighborhoodLIFT Comes to Chicago August 24 & 25
A national down payment assistance program from Wells Fargo, NeighborWorks America and Neighborhood Housing Services of Chicago (NHS) is coming to Chicago-Cook County for two days only: Friday, August 24 […]
Legislative Update for Summer 2018
It’s been a busy 2018, and it’s only going to get more interesting from here as we gear up for election season. Some quick briefs: Illinois Rent Control On Hold […]
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, […]
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 […]