Multi-Board 7.0 - Crystal Lake

  • Thu, January 24, 2019
  • 3:00 PM - 4:30 PM
  • Home State Bank, 611 S Main St., Crystal Lake, IL (Lower level)
  • 7
  • 53 registrants

Registration

  • Non-members NOT requesting MCLE credit
  • Non-members requesting MCLE credit
Registration is closed

Everything Practitioners Need to Know Before the Multi-Board 7.0 Release

Speakers:
Iver R. Johnson, Jr., Iver R. Johnson & Associates Ltd.

Recently revised, the Multi-Board remains the most widely-used form contract in our state for residential real estate transactions. Understand what changes have been made in the 7.0 version, as well as common modifications that remain important. 

Key Highlights:

  • Significant Reorganization
  • More of the variables in the first (2) two pages (e.g., closing credits, home warranties, etc.).
  • Changes to Mortgage Contingency
  • No more “intent to proceed”
  • Ability to Waive a Home Inspection
  • Emphasis on What Is (and Is Not!) Fair Game for Attorney Review & Inspection
  • New risks associated with making inappropriate requests
  • Creation of Addendum Pertaining to Multi-Unit Properties

Please register in advance.

MCLE: IRELA members will receive one (1) hour of credit, at no cost. Non-members are welcome to attend, though the cost of credit to non-members is $50 (attorneys not wishing to earn credit are welcome at no charge).

Join IRELA on our website!
For more information, please contact IRELA at: (312) 600-7720.

Click here to download event flyer.

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