IL Specific

Real Estate

Illinois Real Estate Law 2025

Credits Available
Credit Status Total
Illinois CLE Approved 6 Total
OnDemand
5 hours 58 minutes
Dominic DeMarco
George Spellmire
Jessica Ryan
James Hochman
Steven Shonder
With Dominic DeMarco from Troutman Pepper Locke + 4 others
Recorded March 04, 2025
Product ID 99793

Buy This Course

Course Includes
$389

OnDemand Video

Video Download

Course Book Download

or
Upgrade to Unlimited CLE and Get This Course
$129/month
All Inclusive CLE subscribers save an average of $3,000/year on CLE costs.

Overview

Updates and Best Practices in Contract Drafting and Negotiations, Title, Financing, and More

Don't let outdated knowledge put your clients at a disadvantage! In this online seminar, seasoned faculty will provide you with the latest, state-specific insights on purchase and sale agreements, leases, financing, title, and more. Receive thoughtful strategies for tackling pressing issues in your practice, and get prepared to handle new ones as new technologies and financial pains bring fresh challenges. Represent today's and tomorrow's clients with confidence - register today!

  • Catch up with new legislation, cases, and market trends that impact your practice.
  • Take a deeper dive into the most heavily-negotiated purchase and sale contract provisions.
  • Review new drafting and negotiation considerations for leases.
  • Learn what's changed - and changing - in the world of real estate financing.
  • Dig into survey and title legal updates, standards, and forms.
  • Understand the pitfalls surrounding e-signatures and contracts, remote online notarization, and other tech.
  • Examine how foreclosure and bankruptcy impact real estate transactions.

Abbreviated Agenda

  1. Real Estate Law Updates
  2. Real Estate Contracts and Due Diligence: Current Best Practices
  3. Modern Real Estate Leases
  4. Financing and Loan Agreements
  5. Handling Title Issues
  6. New Tech, New Legal Issues: E-Signatures, RON, Wire Fraud, and More
  7. Short Sales, Foreclosure, and Bankruptcy
  8. Legal Ethics for Real Estate Attorneys

Related Topics

Product ID 99793

Credit Details

Credits Available
Credit Status Total
Illinois CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Real Estate Law Updates

    1. Legislative Updates
    2. Biggest Cases of the Past Year
    3. Residential and Commercial Real Estate Market Updates
    4. Hot-Button Issues and Trends

  2. Real Estate Contracts and Due Diligence: Current Best Practices

    1. Letters of Intent: Nonbinding and Binding
    2. Modern Purchase and Sale Agreements
    3. Negotiating Key Provisions: Due Diligence Period, Reps and Warranties, Covenants, and Closing Conditions
    4. Purchase Contract Dispute Trends and Developments
    5. Developments in Disclosure Lawsuits
    6. Current Due Diligence Standards
    7. Checklist Guide to Real Estate Due Diligence

  3. Modern Real Estate Leases

    1. Landlord-Tenant Law Updates
    2. New Negotiation and Drafting Considerations
    3. Top Lease Mistakes to Avoid Right Now
    4. Issues With Specialty Leases (Cannabis, Short-Term Rentals, etc.)

  4. Financing and Loan Agreements

    1. Changes and Hot Topics in Real Estate Finance
    2. Best Finance Options and Loans
    3. Underwriting and Due Diligence: What Lenders Are Currently Looking for
    4. Loan Document Provisions Buyers and Lenders Are Talking About Right Now
    5. Negotiation Tips
    6. Recourse vs. Non-Recourse; Guarantees

  5. Handling Title Issues

    1. Title Law Updates
    2. Updated Survey Standards and Title Policy Forms
    3. Title Search and Examination Best Practices
    4. Title Commitments and Exceptions
    5. Surveys and Legal Descriptions
    6. Resolving Title Defects

  6. New Tech, New Legal Issues: E-Signatures, RON, Wire Fraud, and More

    1. E-Signatures and Electronic Contracts
    2. Remote and Electronic Notarizations - What You Must Know
    3. Data Privacy Regulations and Real Estate Transactions
    4. Cybersecurity Protections
    5. Wire Fraud - Advising Clients
    6. Blockchain in Real Estate Transactions

  7. Short Sales, Foreclosure, and Bankruptcy

    1. Short Sale Process
    2. Deficiency Judgment
    3. Tax Consequences of Short Sales
    4. Multiple Mortgages
    5. Foreclosure 101 for Real Estate Lawyers
    6. Foreclosure-Related Title Issues
    7. What You Need to Know About Bankruptcy

  8. Legal Ethics for Real Estate Attorneys

    1. Conflicts of Interest in Real Estate Transactions
    2. Wearing Multiple Hats: Attorney, Real Estate Agent, Escrow Agent, Title Agent, Closing Agent
    3. Compensation
    4. Client Confidentiality
    5. Disclosure of Defects in Property
    6. Ethics Opinions on Transactional Matters

Who Should Attend

This intermediate level online seminar is designed for attorneys. Real estate professionals, title insurance professionals, lenders, and paralegals may also benefit.

Speakers

Dominic DeMarco
Dominic
DeMarco
Troutman Pepper Locke
George W Spellmire Jr.
George W.
Spellmire, Jr.
Spellmire Law Firm, LLC,
Jessica L Ryan
Jessica L.
Ryan
Kovitz Shifrin Nesbit
James A Hochman
James A.
Hochman
Schain Banks Kenny & Schwartz, Ltd.
Steven S Shonder
Steven S.
Shonder
Berger, Newmark & Fenchel P.C.
Speaker bio
Dominic DeMarco

Dominic DeMarco

Troutman Pepper Locke
Dominic DeMarco

represents banks, finance companies, and other large institutional lenders in connection traditional mortgage loans for single-asset or portfolio deals, mezzanine loans, and other financing and investment mechanisms. He represents borrowers obtaining agency financing, acquisitions, and dispositions of multi-family, commercial, and industrial properties, and office leasing. Dominic also represents finance companies in secondary market repurchase facility work transactions. Dominic’s leasing experience includes drafting, negotiating, and reviewing office, retail, and industrial leases, amendments, and lease termination agreements, predominantly for eight downtown Chicago high-rise office buildings and two suburban Chicago high-rise office buildings. He assists clients with the purchase and/or sale of commercial real estate, including drafting and negotiating purchase and sale agreements, title, survey, and zoning examination, and drafting and reviewing reciprocal easement and operating agreements. Before going into private practice, Dominic served as in-house counsel for Black Lion Investment Group, Inc. He earned his B.A. degree from University of Miami; his J.D. degree, magna cum laude, California Western School of Law; and his LL.M, degree, magna cum laude, from University of Southern California Gould School of Law.

View full profile
Speaker bio
George W Spellmire Jr.

George W. Spellmire, Jr.

Spellmire Law Firm, LLC,
George Spellmire

is a member of the Spellmire Law Firm, LLC, where he practices in the areas of legal ethics and professional responsibility, accountant professional liability, professional ethics, commercial litigation, and securities litigation. He is an adjunct professor at Northwestern University School of Law. Mr. Spellmire has numerous publications and has spoken at several CLE seminars in his areas of practice. He is a member of the Chicago, Illinois State and American (Standing Committee on Professional Liability) bar associations. Mr. Spellmire also is a member of the International Association of Defense Counsel (Advocacy Practice and Procedure Committee, Legal Malpractice Committee, Medical Malpractice Committee, Professional Errors and Omissions Substantive Law Committee), Society of Trial Lawyers and American College of Trial Lawyers (fellow). He earned his B.A. degree from Ohio State University and his J.D. degree from DePaul University.

View full profile
Speaker bio
Jessica L Ryan

Jessica L. Ryan

Kovitz Shifrin Nesbit
Jessica Ryan

is an attorney at Kovitz Shifrin Nesbit. She has extensive experience in assisting landlords and property managers with rental property issues, including: evictions, building code violations, construction defect litigation, disputes (third party, tenant, vendor), and lease/contract review to confirm compliance with state statutes and local ordinances. Ms. Ryan has a wide-range of experience in landlord/tenant litigation and is well-versed in the Chicago Residential Landlord Tenant Ordinance (RLTO) as well as the Cook County Residential Tenant and Landlord Ordinance (RTLO). She also assists condominum, homeowner(HOA) and Townhime associations with forcible entry and detainer issues, covenant and rule enforcement, and collection of damages and fees  In addition, Ms. Ryan has successfully argued before the Second District Appellate Court and prevailed over motions brought in the Illinois Supreme Court. She is a frequent speaker at industry tradeshows and community seminars. Ms. Ryan regularly contributes articles to local and national publications addressing relevant and timely landlord/tenant issues. She currently serves on the Chicagoland Apartment Association (CAA) Board of Directors and acts as local counsel to the National Apartment Association. Ms. Ryan earned her B.A. degree from Indiana University and her J.D. degree from University of San Diego School of Law.

View full profile
Speaker bio
James A Hochman

James A. Hochman

Schain Banks Kenny & Schwartz, Ltd.
James Hochman

is a partner with the Chicago firm of Schain Banks Kenny & Schwartz, Ltd., where he represents commercial real estate brokerage firms, landlords, tenants, and commercial real estate investors, assisting in all phases of commercial and residential real estate. Mr. Hochman is a frequent speaker on real estate broker-related legal issues for state and local estate organizations. He co-wrote and sponsored the Illinois Commercial Real Estate Broker Lien Act; and through his drafting and lobbying efforts, several other states have adopted similar statutes. Mr. Hochman is also active in support of license portability legislation for commercial real estate brokers, and is the architect and drafter of statutes in several estates on that issue as well. He earned his A.B. degree from Brown University and his J.D. degree from Boston University School of Law.

View full profile
Speaker bio
Steven S Shonder

Steven S. Shonder

Berger, Newmark & Fenchel P.C.
Steven Shonder

is an attorney at Berger, Newmark & Fenchel P.C. He is an experienced and successful trial attorney with a widely varied civil litigation background in antitrust, consumer fraud, contracts, employment, healthcare, professional negligence, trademark and copyright, and wills and trusts. Having had trials and appeals to the appellate and supreme courts throughout the country, Mr. Shonder has practiced at all levels of the state and federal court systems. He is admitted to the U.S. District Court, Northern District of Illinois and U.S. Court of Appeals, Seventh Circuit. Mr. Shonder has also appeared pro hac vice in Connecticut, Florida, Kansas, Minnesota, Ohio and Tennessee. He earned his Juris Doctor degree from DePaul University College of Law in 1996, where he was awarded various scholarships and honors. Mr. Shonder is a graduate of the prestigious Chicago Musical College of Roosevelt University and holds a Master of Music degree from DePaul University.

View full profile

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us