Nearly all who buy or sell a home employ a real estate broker. According to the Illinois Licensing Act of 2000, a real estate broker, as a fiduciary, will owe certain duties to a buyer/seller. For those employing a real estate broker, a review of these duties may be beneficial. These duties include: Reasonable Skill… Read More
The Slater Law Group’s Real Estate Blog
Things To Consider Before Purchasing Real Estate – The Homeowner’s Association
As this blog has discussed on many occasions, there are a number of items that a potential purchase of real estate needs to contemplate when buying a property. One thing that many people tend not to pay much attention to is whether the property is governed by or a member of a homeowner’s association. This… Read More
RADON: WHAT IT IS AND HOW IT IS TESTED
Radon is a colorless, odorless, tasteless radioactive gas caused by the decay of other radioactive substances. It can enter homes through cracks in the basement and foundation walls. In large enough amounts and concentrations, it is believed to be carcinogenic. Radon is measured in picocuries (a measure of radiation) per liter of air (pCi/L). Outdoor… Read More
MOLD: TESTING AND REMEDIATION
There are many different types of mold, but only a few produce toxins or other irritants that can cause health problems such as allergic reactions and asthma attacks. The Illinois Department of Public Health does not recommend testing as a first step. (http://dph.illinois.gov/topics-services/environmental-health-protection/toxicology/indoor-air-quality-healthy-homes/mold-faqs) Keep in mind that, if mold is visible, testing is not needed… Read More
Illinois Law Protects Against Discrimination In Sale/Rental Of Housing
Adopted in 1978, the Illinois Human Rights Act (“IHRA”) was intended to update state laws to make them more consistent with one another with the ultimate goal of prohibiting discrimination in employment, real estate transactions, financial credit, and access to public accommodations. The IHRA prohibits “unlawful discrimination” based on “race, color, religion, national origin, ancestry,… Read More