SidebarReal Estate Law, August 2024Quick takeaways from a recent appellate court opinion in which the justices scolded a party and its attorney for bad behavior.
The NAR Settlement: Will Buyers Really Be Forced to Pay Their Agent?By Philip J. VaccoReal Estate Law, June 2024The recent settlement reached with the National Association of Realtors over alleged antitrust practices has some individuals heralding the end of high sales commissions, but a closer examination reveals that the death of the seller-based commission model may be a bit exaggerated.
Case Summary: Hundley v. WPD Management, LLCBy Laura SkaarReal Estate Law, May 2024Hundley v. WPD Management, LLC is being praised as a rare common-sense win for landlords who do not use security deposits.
Case Summary: Wilmington Savings Fund Society v. HerzogBy Thomas M. Olson, Jr.Real Estate Law, May 2024In Wilmington Savings Fund Society v. Herzog, the appellate court affirmed the circuit court's decision in favor of the plaintiff after analyzing the recorded release of mortgage.
Burnett v. The National Ass’n of RealtorsBy Erica Crohn MinchellaReal Estate Law, April 2024The National Association of Realtors was recently handed a $1.78 billion judgment for violations of antitrust law finding that “cooperative compensation” is collusion that artificially inflates home prices.
Commercial Property Insurance Policy Did Not Cover Ordered Demolition of Condominium BuildingBy Paul PetersonReal Estate Law, February 2024A summary and analysis of Horizon West Condominium Homes Ass'n v. Travelers Indemnity Co. of Connecticut, in which the U.S. Court of Appeals for the Seventh Circuit affirmed the dismissal of the association's suit against its insurer after the condo building was ordered to be evacuated and demolished at the expense of the association.
New Changes to the Illinois Radon Gas Awareness ActBy Nicky SonntagEnvironmental and Natural Resources Law, February 2024The Illinois Radon Act will be substantially revised effective as of January 1, 2024, imposing additional obligations on landlords and providing additional rights to tenants.
Practice TipReal Estate Law, February 2024A property tax tip to share with your clients.
Quiet Title and Installment ContractsBy Michael J. RooneyReal Estate Law, February 2024A recent quiet title case, Almazon v. 7354 Corp., illustrates some of the principles real estate practitioners need to remember.
New Changes to the Illinois Radon Gas Awareness ActBy Nicky SonntagReal Estate Law, December 2023The Illinois Radon Act will be substantially revised effective as of January 1, 2024, imposing additional obligations on landlords and providing additional rights to tenants.
Practice NotesBy Michael J. MaslankaReal Estate Law, December 2023Two brief caselaw summaries of interest to real estate law practitioners.
International Investment in U.S. Real Estate: Legal IssuesBy William A. PriceBusiness Advice and Financial Planning, November 2023A brief summary of legal issues developers and owners of U.S. real estate projects should consider when seeking non-U.S. investors for their projects.
Don’t ForgetReal Estate Law, September 2023Reminders for members of the ISBA Real Estate Section Council.
Effect of Judgment Lien on Death of Joint TenantBy Emily R. VivianIntellectual Property, September 2023The appellate court recently held that because a joint tenant’s interest in property terminates upon his death, a judgment lienholder cannot foreclose the judgment lien against such property after the joint tenant’s death.
An Overview of the Illinois Electric Vehicle Charging ActBy Nicky SonntagReal Estate Law, September 2023Thanks to the recently enacted Electric Vehicle Charging Act, owners and tenants of residences in certain types of residential buildings constructed after January 1, 2024, will have the right to install and use charging equipment for electric vehicles if certain conditions are met.
In re Application of the County Treasurer v. DG EnterprisesBy Philip J. VaccoReal Estate Law, August 2023The appellate court was asked to determine whether the circuit court erred when it vacated its earlier order granting a petition for a tax deed in In re Application of the County Treasurer v. DG Enterprises.
