Budget crisis, license law changes and more in today’s Illinois REALTORS® State Capitol Report

A bill (House Bill 3528) designed to make several changes to Illinois real estate license law, an initiative of Illinois REALTORS® and supported by the Illinois Department of Financial and Professional Regulation, will be considered by Gov. Bruce Rauner following unanimous Senate approval Thursday.

House Bill 3528 is one of numerous real estate related bills mentioned in today’s edition of the State Capitol Report. As the May 31 deadline nears for this legislative session, Illinois REALTORS® anticipates several budget proposals to be brought to the General Assembly, including Senate Bill 9. Read today’s State Capitol Report.

State Capitol Report: Senate’s unanimous vote for PACE bond bill and more

In today’s State Capitol Report, Illinois REALTORS® notes that House Bill 2831 will be sent to Gov. Bruce Rauner for his consideration after the Senate unanimously approved it earlier this week.

Members can log in to the May 19 edition for a brief explanation of how the bill could help cities or counties to establish clean energy programs. Illinois REALTORS® strongly supports the bill. Read the State Capitol Report now.

The State Capitol Report also provides this week’s updates on other bills under consideration by the House and Senate, including a companion bill to HB 2831. That bill (SB 1700), was passed by the Senate but no hearing date has been set in the House.

 

 

SCR offers REALTORS® halftime updates on key proposed legislation

In yesterday’s edition of the State Capitol Report, Illinois REALTORS® explains changes to proposed amendments to the Real Estate License Act that will now will be considered by the Senate.

The Spring Session reached its halfway point on April 28 and legislation passed in its original chamber will have to be approved by the other chamber by the scheduled adjournment date of May 31. Read the May 3 State Capitol Report now.

Many of the bills mentioned in yesterday’s State Capitol Report that were opposed by REALTORS® and are now inactive. Updates are also provided on all the bills discussed at the Capitol Conference & REALTOR® Lobby Day.

 

Real estate license law amendment among key State Capitol Report topics

This week, Illinois REALTOR® lobbyists agreed to strongly support the latest amendment to House Bill 3528, which will consolidate and streamline several regulatory provisions and educational options within the Real Estate License Act.

The bill needs to be called on final passage by the House after the legislature returns from Spring Break the week of April 24. Then the bill would move to the Senate for consideration. Members can login and read more.

The State Capitol Report offers new information on a number of other bills, including one on county recorder fee schedules that the association supports and two it opposes.

 

State Capitol Report includes appeal to REALTORS® for input on title insurance

Last week, lobbyists for the Illinois REALTORS® were actively engaged in various Committees as the General Assembly continued work on measures pending this spring session.

This Monday’s Illinois State Capitol Report (member login required), highlights key issues including legislation SUPPORTED by the Illinois REALTORS®: our initiative to make several important changes to the Real Estate License Act (HB 3528), creating an innovative funding mechanism for commercial and industrial properties through Property Assessed Clean Energy (PACE) bonds (HB 2831 and SB 1700), and eliminating the potential double taxation for newly constructed residences (HB 3826).

Get the details now.