Bad News for Illinois RE Investors

Governor Pritzker signed into law Public Act 101-0357 (SB-1872) making a broker's license a requirement for many investors in Illinois and levels severe penalties as outlined below! 


Attend our CCIA Meeting This Sunday Night, August 18th. Jane Garvey and a panel of local experts will be discussing your options and some of the unintended consequences of the law.

  • Don't panic
  • Read the Law - The entire Law... there are other far reaching consequences in this law that will affect ALL real estate investors
  • Talk to your Attorney
  • Consider Transactional Funding

The Panel:

  • M. Jane Garvey - President CCIA
  • Michael DeSantis - Attorney-at-Law, Gardi & Haught, Ltd.
  • Joe Kuhnen - Assistant VP, Chicago Title Insurance Company
  • PK Patel - Business Finance Consultant, Midwest Corporate Credit

THE LAW: SB-1872  Read the new Law... pay attention to:
Page 3: "Section 1-10 (5) Whether for another or themselves, engages in a pattern of business of buying, selling, offering to buy or sell, marketing for sale, exchanging, or otherwise dealing in contracts, including assignable contracts for the purchase or sale of, or options on real estate or improvements thereon. For purposes of this definition, an individual or entity will be found to have engaged in a pattern of business if the individual or entity by itself or with any combination of other individuals or entities, whether as partners or common owners in another entity, has engaged in one or more of these practices on 2 or more occasions in any 12-month period."

Then, scroll way way down on the full text of the Law...

"Page 87 - Sec. 20-10. Unlicensed practice; civil penalty."
a) Any person who practices, offers to practice, attempts to practice, or holds oneself out to practice as a managing broker, broker, or residential leasing agent without being licensed under this Act shall, in addition to any other penalty provided by law, pay a civil penalty to the Department in an amount not to exceed $25,000 for each offense as determined by the Department…


CCIA Actively Promotes The Legislative Interests of Real Estate Investors & Landlords

Laws  are constantly changing in the real estate industry. We need to stay active on Real Estate Legislation to make sure that we comply with new laws, and work  with legislators to make the laws fair for all sides. 

CCIA promotes a  strong ethical standard in the Real Estate Industry. We work to  make sure that investors and landlords have a voice whenever possible,  promoting fair and balanced legislation. Real Estate Investors need to join and support an association like ours.   Your contribution will allow our association to fight for you to limit  the impact of bad laws and promote more laws that are beneficial laws  for your business.  

CCIA is a Chapter of The National REIA.  National's  legislative council is our advocate in Washington, DC. National REIA  shares information relevant at the state and local level. 

CCIA is also a Founding Member of The Illinois Rental Property Owners Association - IRPOA.  IRPOA's  Political Action Committee is the leading advocate for landlords and  investors in Springfield, and offers a platform for investors in groups  around the state to work on local issues.


Illinois Legislator Lookup

Donate to IRPOA's Lobbyist Fund


  • OPPOSE: SB1780 - Amend Human Rights Act - This BIll to make it a civil rights violation for a landlord to screen for Arrest Records, Juvenile Records and more.
  • OPPOSE: SB1379 - Property Tax-Income Producing Property - Already on the 2nd reading in the Senate - requires owners of income producing property to provide and Income and Expense Data to county assessor. (Status: Stalled)
  • OPPOSE: HB-2838 - Illinois Wage & Payment & Collection Act - Provides authorization for third  parties owed fringe or other benefits or a joint labor-management  cooperation committee to bring a civil action to enforce liability  against a direct contractor. Waivers of Lien from general contractors are no defense. (Status: Stalled)
  • OPPOSE: HB-2299 - Eviction - Seal & Impound Files (Status Rule 19(a) - stalled)
  • OPPOSE: HB-0926 - Human Rights - Source of Income (Status Rule 19(a) - stalled)
  • OPPOSE: HB2217 - Property Tax-Income Producing Property - It would require income producing property to provide an Income & Expense data sheet annually to the county assessor. (Status Rule 19(a) - stalled)


Bill Tracking

EPA - Lead laws

Landlords & Renovators... you must be aware of the laws regarding led.  The EPA has an extensive website to guide you.  Lead Safety & Outreach Materials.

CONTRACTORS:  Learn about the RRP Program Requirements & where you can get trained.  Details

Federal Law requires owners of pre-1978 housing to give the "Protect  Your Family From Lead" booklet to prospective tenants before a lease is signed.  Get your Copy Here.

City of Chicago Bed Bug Information

The City of Chicago is committed to providing residents with the best  information to protect themselves from bed bugs.  Go here to find out more information about the ordinance.

2019 Security Deposit Interest Rates

The 2019 Illinois security deposit interest rates remain unchanged at .01%

Illinois Fair Housing

Illinois is one of many states with its own fair housing law. If you're renting your units, your tenants are covered by the Fair Housing Act  or FHA, a federal law that protects both existing tenants and  prospective tenants from illegal housing discrimination. LANDLORDS:  You must be educated on this!  Read More

Property Flipping & FHA Loan Rules - 2018

What do you need to know about property flipping and FHA home loan  rules? The first thing to know is that flipping is addressed in the FHA  loan handbook, HUD 4000.1 and there are measures in place to discourage  the practice!  Read More

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