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Real Estate Brokerage Law

Commission Disputes, Broker Liens, Transactions, License Compliance and Defense

Schain Banks’ Real Estate Brokerage Law practice group is effective in several different areas.

Litigation

Our attorneys handle assertion of claims for commission, use of broker lien rights where appropriate, and pursuit of that commission claim in court, arbitration, or mediation. In addition, our attorneys handle defense of claims for commission or misrepresentation or other broker misconduct, and defense of real estate licensees before state regulatorybodies.

Transactional

Our attorneys represent buyers and sellers and landlords and tenants of commercial real estate, advise real estate brokers on interstate transactions, i.e., license portability, with an eye toward regulatory, contract, and commission protection issues. In addition, our attorneys advise real estate practitioners on contract matters in both brokerage and property management and draft effective listing, representation, co-brokerage, and management agreements.

Regulatory

Our attorneys advise real estate licensees on compliance issues, defend real estate licensees in license law complaints and assist real estate brokerage firms in responding to Illinois Department of Financial and Professional Regulation (IDFPR) audits. In addition, our attorneys in this area advise real estate brokerage organizations on legislation, drafting, and supporting new laws in multiple states.

Education

Attorney Jim Hochman regularly speaks before real estate organizations (local and national) on a variety of topics. Mr. Hochman teaches for the Society of Industrial and Office Brokers (15+years) across the nation, teaches Illinois broker continuing education throughout the state, authors eight or more articles a year including two quarterly columns on real estate legal issues for SIOR in the SIOR Report, and has been consulted and quoted by the National Association of Realtors (NAR) on broker lien rights. In past years, Jim served as adjunct faculty at both Chicago-Kent College of Law and in the John Marshall Law School LLM program for real estate (now known as the University of Illinois Chicago School of Law).