Articles From Ralph J. Schumann

Multi-Board Contract 7.0 – Handling cash transactions By Ralph J. Schumann Real Estate Law, March 2019 The recently-released 7.0 version of the Multi-Board Contract aims to reduce confusion and promote smoother closings.
Who really regulates attorneys in Illinois? By Ralph J. Schumann Real Estate Law, December 2017 In April, 2017, the Illinois Department of Financial and Professional Regulation initiated prosecutions of two Illinois attorneys for alleged violation of the Real Estate Appraisal Licensing Act of 2002. But far from purporting to act as appraisers, or engaging in the development of appraisals, however, the attorneys were engaging in the practice of law.

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