Did you know that a private apartment building owner could require tenants to pass drug tests? Did you know that a broker with an exclusive listing contract was entitled to commission after the seller secretly negotiated a sale?
Those are two findings from legal case studies in the IAR September issue of D.R. Legal News for managing brokers.
Summaries of five other case studies include:
- a broker may not act as a broker and attorney in the same transaction;
- fracking plaintiffs fail to hold up drilling applications under new regulations;
- a condominium purchaser was allowed a remedy after closing because of incomplete disclosure;
- a broker had a statutory obligation to remove a listing after learning the seller was not an authorized agent of the owner; and
- an internet provider was required by the Illinois Supreme Court to release the name of an anonymous commenter who posted defamatory remarks.
In addition, the September D.R. Legal News recaps recent real estate disciplines in Illinois, links to IAR’s list of more than 150 residential property inspection ordinances and reviews the TILA-RESPA Integrated Disclosure rule changes on Oct. 3.