The proposed bill in Illinois mandates that brokerages list properties for sale on public platforms within one day of an agreement with sellers, unless the seller opts out. This legislation, championed by Representative Jimenez of the 4th District, aims to enhance fair housing accessibility, allowing buyers quicker access to all available homes. Supported by major organizations like Zillow and the National Association of Hispanic Real Estate Professionals, the bill seeks to address transparency in the housing market, though it isn't part of the Illinois Realtors' legislative agenda according to CEO Jeff Baker.
Under the proposed bill, brokerages in Illinois must advertise properties on public platforms within one day of seller agreement, promoting transparency in the housing market.
The bill aims to enhance fair housing practices by ensuring that all available homes are easily accessible to buyers, unless sellers opt out.
#illinois-housing-bill #fair-housing #real-estate-transparency #brokerage-regulations #property-listings
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