An Illinois real estate attorney has come under fire after the state’s attorney general claimed that his office has not received a single request for a real-estate agent’s seal to be added to the state seal, despite a recent surge in demand.
In a letter to the Illinois Department of Licensing and Regulatory Affairs (DLRA), Attorney General Lisa Madigan cited the “record number of requests” to add the seal to the seal registry and said that while the seal has not yet been issued, she is confident it will be issued in the next 30 days.
The letter was sent to the DLRA last week after a petition for a “certificate of authenticity” to include the seal was filed in the Illinois Supreme Court by the Chicago Real Estate Association.
The state is working with the Chicago office of the Real Estate Board of Chicago (REBAC) to determine the proper process for submitting an application for a seal, according to a statement issued by the office.
“As the number of applications for seal certificates increases, the office is also reviewing our current process for issuing seal certificates,” the statement said.
“We are currently evaluating the new seal application process.
In the meantime, the Office of the Attorney General is working diligently to ensure our seals are issued in a timely manner.
In the letter, the state attorney general cited the recent surge of demand for the seal, which is often the result of increased demand and increased competition for listings.””
In addition, the Attorney, with the assistance of our law enforcement partners, will continue to monitor the number and nature of requests for seal applications.”
In the letter, the state attorney general cited the recent surge of demand for the seal, which is often the result of increased demand and increased competition for listings.
“While it is clear that Illinois is home to a number of significant listings in the real estate industry, this demand for a statewide seal is the result, in large part, of a new market,” Madigan wrote.
“While Illinois is no longer a sanctuary state, it remains a marketplace for business, and we will continue our efforts to ensure the integrity of the seal.”
Real estate brokers and agents have been calling on the attorney general to add a seal to his seal registry, as they see it, as an alternative to the traditional signature.
But the office of Attorney General John Madigan is not a seal registry administrator, according the Illinois Board of Professional Conduct, and has not approved any application for one.
In response to the letter issued by Madigan, Realtor.com said it would be “disappointed” if Madigan’s office did not add the real-time seal to its registry, adding that it was the only real estate broker in the state who had been contacted by the attorney for a response.
The letter came in response to a petition filed in federal court by Realtors for Fair and Accurate Seal Certificates (AFARCS) that seeks to add AFARCS seal requests to the official seal registry.
The petition, which was filed by Realty Specialist, LLC and a partner in Chicago, said that in March, the Real Property Trust Company (RTTC) and the Illinois Real Estate Investment Trust Company, Illinois Realty Investors Trust and Illinois Real-Expert, Illinois Realtants Trust and Real Estate Investors Trust, the Illinois Realty Council, and the Association of Illinois Real and Estates (IAERS) issued the following recommendations:The petition said that the state should make the seals available to any interested parties for the purpose of determining the best seal for the real property, including a seal that is consistent with the standards set forth in the federal Real Property Seal Act (RFSA).
The petition also said that Illinois Real Property Council members, Illinois real-expert organizations and the Chicago Realtores Association should all be able to request a seal and that the Realty Council should also be able determine the best real-life seal to apply for.
According to the petition, AFARSS should be added as an official seal to AFARSA, and RealtORS should be able apply for an official real- estate seal.
The petition said AFARS is the official real estate seal of the Illinois General Assembly and is issued by Illinois ReALTORS and is a seal of authority of the AFAR Council.
“Real estate agents have the right to request seal certifications, which would allow them to certify the authenticity of real estate sales, as long as they are using seal-related services, which includes a seal,” the petition states.
“If AFARAS seal certification is not available, real estate agents and other stakeholders are allowed to submit requests to obtain a seal.”
The petition was filed last month and has already garnered more than 5,000 signatures, according a list of signatures available on the petition website.
Real estate broker David McManus told Reuters that he had contacted the attorney General’s office on Monday about the petitions, but had not heard back by Monday afternoon.