Tuesday
December 12, 2017

State Roundup: Illinois, South Carolina, and Tennessee

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State Roundup: Illinois, South Carolina, and Tennessee

Illinois: Busy lawyers.

Thanks to the years-long housing boom and real estate company mergers, real estate law is the growth niche for attorneys in Illinois, according to a Chicago Lawyer 2004 survey of the largest law firms in the state. More than a dozen of 107 firms with 20 attorneys or more cited real estate as their fastest-growing practice area. As a result, demand is high for expertise in both residential and commercial property, and in real estate–related regulatory work, such as zoning, land use, and tax advice, the survey says.

South Carolina: New dual agency.

Under a law taking effect Jan. 1, 2005, there’ll be a new form of dual agency here. The law allows brokers to act as a dual agent while designating one or more of their sales associates to represent the buyer and one or more to represent the seller. While working as designated agents, the associates will be able to represent their clients more fully than under the prior agency law, the South Carolina Association of REALTORS® says. The clients’ confidential information won’t be shared between the designated agents. SCAR and the state real estate commission backed the legislation, S. 949, enacted in the spring.

Tennessee: Senate handiwork.

Bill Frist, R-Tenn., majority leader in the U.S. Senate, swapped his suit for jeans in mid-August to help the Nashville Area Habitat for Humanity and the Greater Nashville Association of REALTORS® build the first house in the area under the Congress Building America program.

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