94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4985

 

Introduced 1/20/2006, by Rep. Daniel V. Beiser

 

SYNOPSIS AS INTRODUCED:
 
225 ILCS 454/15-17 new

    Amends the Real Estate License Act of 2000. Provides that prior to the sale of property, adjacent to which lies an empty lot on either side, a licensee must disclose to all parties in the transaction how the empty lot is zoned.


LRB094 16850 RAS 52129 b

 

 

A BILL FOR

 

HB4985 LRB094 16850 RAS 52129 b

1     AN ACT concerning regulation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Real Estate License Act of 2000 is amended
5 by adding Section 15-17 as follows:
 
6     (225 ILCS 454/15-17 new)
7     Sec. 15-17. Adjacent property zoning disclosure required.
8 Prior to the sale of property, adjacent to which lies an empty
9 lot on either side of the sale property, a licensee must
10 disclose to all parties in the transaction, in writing, how the
11 empty lot is zoned.