Illinois HB3186 mandates real estate licensees to disclose homeowner's association fees in advertisements.
HB3186 amends the Real Estate License Act of 2000 to require real estate licensees to include information about homeowner's association fees in any advertising for residential real estate. This disclosure must be present in any Multiple Listing Service (MLS) used in the advertising. The bill also outlines specific advertising practices for managing brokers and sponsored licensees, including requirements for disclosing ownership interests and prohibiting misleading terms.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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