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by Timothy P. Collins

It’s now officially summer, the busiest time of year for the residential real estate market in Illinois. That makes it a great time for sellers and buyers to take note of recent changes to the Illinois Residential Real Property Disclosure Act (the “Act”), 765 ILCS 77, which was signed into law earlier this spring. All parties to residential real estate transactions entered into after May 13, 2022, must comply with the new provisions of the Act, including a seller’s obligation to provide an updated Residential Real Property Disclosure Report (the “Disclosure Report”).

Original Provisions that
Continue Reading Illinois Residential Real Estate Sellers Take Note: Your Obligations Have Changed