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The Illinois Department of Financial and Professional Regulation (IDFPR) is the Illinois state government code department [1] [2] that through its operational components, the Division of Banking, Division of Financial Institutions, Division of Professional Regulation, and Division of Real Estate, oversees the regulation and licensure of banks and financial institutions, real estate businesses ...
Pursuant to certain statutes, state agencies have promulgated regulations. The regulations are codified in the Illinois Administrative Code. [3] The Illinois Register is the weekly publication containing proposed and adopted rules. [3] There also exist administrative law decisions. [7]
[3] Additions, deletions, and changes to the ILCS are done through the Illinois Legislative Reference Bureau (LRB), which files the changes as provided for by Public Act 87-1005. [3] The compilation is an official compilation by the state and is entirely in the public domain for purposes of federal copyright law; anyone may publish the statutes ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
It may be called a mobile home … but unlike homes built on foundations, RVs don’t appreciate in value.RV stands for recreational vehicle, after all, and we all know vehicles depreciate.Just ...
Due to the COVID-19 pandemic, sales of RVs in the United States have increased, and as of March 2021, 11.3 million households own an RV, which is a 26 percent increase over the past ten years. In the month of October 2021, 58,000 RVs were manufactured in North America, the most ever in a single month.
The Illinois Register (Ill. Reg.) is the official weekly publication containing proposed and adopted rules of Illinois state agencies. It is published online every Friday by the Illinois Secretary of State.
Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.