Real  Property Disclosure Act
 

presented by 

Dan Greenberg

MCLE approved for 1.5-hour credit

Registration is Free for IRELA Members

Non-Members ~ $50

As real estate attorneys, we deal with Real Property Disclosure Statements every day.  However, we seldom review the Disclosure Act to refresh our memories as to the who, what, and when of seller disclosure requirements.

There are a number of exceptions exempting sellers from disclosing certain information, or from disclosing at all.  There are also nuances of which we should be aware.  As Sellers may subject themselves to significant consequences for failing to properly disclose under the Act, as attorneys we need to advise clients properly. 

We will delve into the specific requirements of the Disclosure Act, its nuances, and select court cases under the Act.

Presenter

Dan Greenberg has been an IRELA board member for many years, spending numerous hours participating in the 4.0 and 5.0 contract drafting committees.  He has been a real estate practitioner in the south suburbs for 40 years.  Shortly after opening his own firm in 1981, inflation and mortgage rates escalated to all time highs, requiring him to quickly learn real estate in the trenches, including more unusual transactions such as rent with option to buy, assumptions, and Articles of Agreement.  Dan recently turned over his real estate sole practice to his daughter and her law partner, and is now of counsel to their firm, Greenberg & Sinkovits, LLC, in Homewood.  He is enjoying watching the next generation step up and move the practice of real estate law into the future.  Dan has always enjoyed helping fellow attorneys with real estate issues they encounter in their practices, firmly believing that doing so leads to professional friendships and elevates the practice of real estate.