Chicago Short Term Rental Ordinance – No New News in 2023

chicago short term rental airbnb

Recently, the Illinois Appellate Court upheld Chicago’s Short-Term Rental (STR) ordinance in the case of Mendez v. City of Chicago. The city’s STR ordinance governs short-term housing arrangements such as those offered on Airbnb and VRBO. In 2016, two residents filed a lawsuit to challenge the original STR ordinance. Later, they added several claims to […]

SB1872: Illinois Law on Wholesaling Houses

wholesale home real estate

On the first of January, 2020, the State of Illinois passed SB1872, and effectively outlawed real estate wholesaling in Illinois. Undoubtedly, many investors are scrambling to find a business model that fits the new law. So, today we will answer three questions: First, what is Real Estate Wholesaling? Second, why did Illinois make wholesaling houses […]

Illinois Real Estate Advertising Laws – Ethical Advertising Made Simple

Real estate advertising law

Real estate advertising is a key part of finding leads and meeting potential clients. However, REALTORS must also honor real estate advertising law in Illinois and the REALTOR® Code of Ethics. Violating these rules can have severe consequences for your reputation, cash flow, and career. Real estate brokers must ensure that their advertising practices comply […]