Real estate laws in any state tend to a constant change by the federal departments and Illinois is not an exception.
Diverse Illinois real estate laws and regulations should be understood by an individual even before buying and selling a property in Illinois.
Real estate law acts:
Some of the real estate laws and the acts include the following:
Random disclosure act:
The contract of random testing guidelines should be satisfied by the seller.
Hazard reduction act:
This is generally with the environment protection policy, where the uses of lead based paints are reduced.
It is a consumer protection law and is developed to offer benefits to the buyers.