Changes to the Illinois Residential Real Property Disclosure

UPDATE TO THE RESIDENTIAL REAL PROPERTY DISCLOSURE ACT

When most home sellers list their property with a real estate agent or listing broker, those sellers routinely fill out what is known as a “Residential Real Property Disclosure Report”. The “report”, required of many home sellers by law, is made up of a series of questions intended to elicit the disclosure of certain conditions of the property. The report requires disclosure of issues such as leakage, defects, and unsafe conditions to potential buyers. Continue reading