Financial impact for REALTORS®
Illinois REALTORS® has a lengthy track record of saving its members and those who rely on them money. The association's government affairs team works in communities throughout the state and at the state Capitol in Springfield to stop costly legislation that makes it harder for members' businesses and limits private property rights. Here are some of the association's notable victories over the past few decades.
2017 - Rent Control. Measure halted in General Assembly which would hve imposed caps on what landlords could charge for properties.
2016 - Advertising tax. Stopped a bill to tax advertising and advertising services.
2015 - Video sewer inspection mandate. Stopped a proposed statewide mandate that would have added a $500 pre-sale inspection fee for Illinois homeowners.
2014 - Protecting REALTORS® who do BPOs/CMAs. Passed an Illinois REALTORS® initiative to protect the ability of REALTORS® to do broker price opinions (BPOs) and comparative market analysis (CMAs) for a fee under the existing real estate license law rather than appraiser license law.
2014 - No fire sprinkler mandate by rule. After a proactive legsilative effort to prohibit the State Fire Marshal from imposing a sprinkler mandate by administrative rule, the Fire Marshal formally pledged to work within the General Assembly on any new fire sprinkler laws.
2014 - Disclosures for commercial leases stalled. Stopped an effort to impose new and uncessary dislosure requirements for commercial leases.
2014 - Financing manufactured homes now easier. Helped pass a law to establish a voluntary formal method for legally converting a manufactured home to real property when it is or will be permanently affixed to land.
2013 - Fees on for-sale signs. association-supported law insures that REALTORS® will NOT be subject to new fees and state regulation on for-sale signs near interstate highways.
2013 - Limits on retainage. Defeated a bill to impose limits on the amount of retainage (money held back until completion of services) in commercial construction contracts.
2013 - Statewide fire sprinkler mandate. Stopped a far-reaching statewide mandate proposed by the Illinois Fire Marshal that would have required costly fire sprinkler retrofits in existing properties and new construction. REALTORS® believe fire sprinklers should a choice, not a mandate.
2012 - Multi-family dwelling annual license fee. Stopped a bill allowing all municipalities to license and regulate the use and operation of multifamily dwelling units and to charge an annual license fee.
2012 - Business registration fee. Stopped a bill allowing all Illinois municipalities to enforce a business registration process charging up to $200 penalty for failure to register.
2012 - Landlord rights. A perennial issue, in this example RPAC helped stop legislation that would have put landlords at risk of losing their property due to the actions of their tenants (so-called “crime free housing”initiatives).
2010 - Ban on private transfer fee covenants. Eliminated private transfer fee covenants, which would require future buyers or sellers to pay a transfer fee to whoever is designated in the covenant on all future transfers
2010 - Short sales, foreclosures factor into tax appeals. Taxpayers can factor short sales or foreclosures - because of their impact on a home value - in reviewing and correcting assessments. (Except in Cook County)
2009 - Banks banned from real estate brokerage. Banks are permanently prohibited from entering the real estate broker age and management business.
2007 - Gross Receipts Tax. Stopped the largest ever tax increase proposed in Illinois history. The“gross receipts tax’ would have slowed the economy resulting in a permanent loss in jobs and significant negative impact on the construction and real estate industries.
1997 - Real Estate Transfer Tax. This Illinois REALTORS® initiative resulted in a state law requiring home rule units of local government to get voter approval in order to increase an existing transfer tax or impose a new one. Similarly, the expansion of the municipal transfer tax to non-home rule municipalities was halted
1993 - Commercial Broker Lien Act. This law has been very helpful in ensuring that commercial brokers are paid for the services they provide.
1985 - Anti-solicitation law. Prevented a bill that would have radically expanded the state’s anti-solicitation law for real estate agents.
Contributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS® and its state and local associations will not favor or disadvantage any member because of the amount contributed or decision not to contribute. You may refuse to contribute without reprisal. Up to thirty percent (30%) may be sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a. A copy of our report filed with the State Board of Elections is (or will be) available on the Board's official website www.elections.il.gov or for purchase from the State Board of Elections, Springfield, Illinois. Except as may be required by state or federal law, the Illinois REALTORS® PAC (Illinois RPAC) is not required to refund political contributions. However, a refund request made by a contributor within 30 days of the date of his or her RPAC contribution is received will be considered on a case-by-case basis.