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Illinois

As HEI regulations expand, states debate loan classification

Home Equity, HWmember, Illinois, Maine, Mayer Brown, Mortgage, Regulatory, Regulatory Compliance, Reverse /

As states take varying approaches to regulating home equity investment (HEI) products, the industry faces an increasingly fragmented legal landscape shaped by consumer protection concerns and uncertainty over whether the products should be treated as mortgage loans. Under an HEI, homeowners receive upfront cash in exchange for a share of the home’s future value, typically […]

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New brokerage Showings bets on buyer leads over listing commissions

Artificial Intelligence, Atlanta, Brokerage, Chicago, Florida, Georgia, HWmember, Illinois, New York, New York City, Orlando, Real Estate, Real Estate Agents, Real Estate Listings, Technology /

A new real estate brokerage aims to eliminate traditional listing agents and listing fees altogether — a model its founder says could challenge decades-old assumptions about agent compensation. Showings announced it will officially launch May 22 in New York City, Atlanta, Chicago and Orlando. The company describes itself as the first nationwide real estate brokerage

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Illinois creates regulatory framework for home equity investments

Consumer Protection, Home Equity, HWmember, Illinois, Mortgage, Regulatory Compliance, Reverse /

Regulators in Illinois have approved what a group of home equity investment (HEI) providers calls the most comprehensive state regulatory framework to date for shared equity products, a fast-growing alternative to traditional home equity loans and reverse mortgages. The rule was adopted under the Illinois Department of Financial and Professional Regulation (IDFPR)’s mortgage licensing regulations.

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The housing market is fragmenting as local trends diverge

Arizona, Atlanta, Chicago, Colorado, Florida, Housing Market, Housing Market Data, Houston, HWmember, Illinois, Massachusetts, Michigan, Nashville, Texas /

The housing market update still looks relatively stable on the surface. Inventory rose to 723,460 single-family homes in the week ending April 3, while 34.44% of listings had price cuts and the weekly absorption rate came in at 10.49%. At the national level, the baseline is still holding. As HousingWire Lead Analyst Logan Mohtashami noted

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Century 21 Integra expands Chicago presence with acquisition

Brokerage, Century 21, Chicago, HWmember, Illinois, Mergers and Acquisitions, Real Estate /

Century 21 Integra has acquired Schaumburg, Illinois-based Realty Executives Advance — expanding its presence in Chicago’s northwest suburbs. “Bringing Realty Executives Advance into the Integra family is a natural fit,” said Jim D’Amico, owner of Century 21 Integra. “Hank (Fatoorehchi) and his team have built a strong, respected business in Schaumburg, and we’re excited to

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Midwest Real Estate Data moves to abandon NAR membership requirement

Chicago, HWmember, Illinois, MLS, MLS/Associations, National Association of Realtors, Real Estate, Real Estate Agents /

Midwest Real Estate Data (MRED) moved Monday to formally separate access to its multiple listing service (MLS) from mandatory membership with the National Association of Realtors (NAR) — a change the organization’s leader said is aimed at expansion and risk management. MRED offers wholesale listing data and technology to roughly 40 partner Realtor associations and

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Illinois bill targets private real estate listings with new disclosure rules

Brokerage, Clear Cooperation, HWmember, Illinois, MLS/Associations, National Association of Realtors, Real Estate /

Lawmakers in Illinois are reestablishing their position in the real estate industry’s private listings debate.  On Wednesday, State Representative Lillian Jiménez introduced a bill into the state’s House of Representatives seeking to amend the state’s Real Estate License Act of 2000. Rep. Jiménez sponsored a similar bill that was introduced in February of 2025. However,

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Midwest housing markets coming in hot for 2026

Affordability, Data & Analytics, Data & Visuals, Home Prices, Home Sales, Housing Market, Housing Market Data, Illinois, REMAX /

As the housing market moves into 2026, competition remains intense in many parts of the country — especially in smaller metros where inventory is critically low. New findings from HW Data based on supply, pricing and buyer activity show that demand for single-family homes continues to far outpace available homes in several markets, even as

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RMLS Alliance becomes Broker Public Portal shareholder, expands reach via Cribio

Broker Public Portal, HWmember, Illinois, MLS, MLS/Associations, Partnerships, Real Estate, Technology /

RMLS Alliance (RMLS-A) is the Broker Public Portal (BPP)’s newest shareholder. In addition, RMLS-A listings are now live on Cribio, the BPP’s public facing portal. The BPP is an industry-led initiative formed by brokerages and multiple listing services (MLSs) that aims to deliver a national MLS home search experience to consumers. RMLS-A serves roughly 1,600

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Greystar reaches $7M settlement in rent-setting lawsuit

California, Colorado, Connecticut, HWmember, Illinois, Lawsuit, Legal, Massachusetts, Minnesota, North Carolina, Oregon, Real Estate, RealPage, Rental Properties, Tennessee /

A $7 million settlement agreement with Greystar Management Services was announced by California Attorney General Rob Bonta — part of a coalition of nine state attorneys general pursuing antitrust claims tied to RealPage software. The settlement requires Greystar to stop using software that employs competitively sensitive information to align rents and to cooperate in the

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