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Dana Hudson of Hometown Realty attends state conference

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[April 22, 2011]  The following is a news release from Hometown Realty in Elkhart:


Dana Hudson with Hometown Realty in Elkhart attended the Illinois Association of REALTORS® (IAR) 35th Annual Capitol Conference. More than 500 Illinois REALTORS® convened in Springfield on April 5, 2011, to discuss with state lawmakers issues affecting homeowners and the real estate industry.

In addition to participating in briefings on important legislative and regulatory issues facing the industry, attendees visited personally with their lawmakers to discuss pending legislation on the Illinois Association of REALTORS® (IAR) 2011 legislative agenda. Among the top priorities on the REALTOR® agenda are two bills that would grant Illinois municipalities unnecessarily far-reaching authority when it comes to foreclosed and abandoned properties.

IAR opposes House Bill 1109, which would give municipalities an unlimited, blanket grant of authority to pass any rules, regulations and fees as they see fit regarding a vacant property. Current state law already affords municipalities extraordinary powers to clean up and secure abandoned properties, and IAR believes this legislation offers none of those protections or limitations important to consumers and would create a patchwork of local ordinances where there is now uniformity.

IAR also opposes House Bill 760, which would allow all municipalities to establish a new entity called a Land Bank Authority. Under a Land Bank Authority, local governments could create a separate real estate corporation that may acquire, buy, sell, rent, hold, manage or develop any real estate within its jurisdiction. IAR does not believe that this is a proper role for local governments nor that Land Banks are a wise tool to deal with local foreclosure issues.

At the IAR Capitol Conference REALTORS® reminded lawmakers that the housing market plays a key role in strengthening state and local economies.

"For most people, buying a home is one of the biggest investments they will ever make and it's important that their property rights be protected and that they stay informed about issues affecting them, especially additional fees and restrictions. The IAR Capitol Conference is an opportunity for Illinois REALTORS® to play a role in influencing legislation important to property owners and making sure their voices are heard," Hudson said.

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Another bill that REALTORS® were speaking about is House Bill 1323, which would allow all municipalities to license and regulate all businesses. The legislation flies in the face of state license laws which ensure a single statewide standard. The bill would also allow all municipalities to enact landlord and rental property licensing without any limitations, a move that could be detrimental to consumers.

One of the bills IAR is supporting this spring is Senate Bill 1230 which expands to Cook County the new provision in the Property Tax Code (advocated for by IAR) that require boards of review to consider foreclosures and short sales of comparable properties when revising and correcting assessments. IAR also supports Senate Bill 1804 prohibiting a deed restriction or covenant to waive, prohibit or restrict a right to object, oppose or challenge a Special Service Area.

The Illinois Association of REALTORS® is a voluntary trade association whose 46,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation that safeguards and advances the rights of real property ownership.

[Text copied from file received from Hometown Realty, Elkhart]

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