New Illinois Legislation Aims to Codify Clear Cooperation Principles

May 10, 2025 - 00:02

Introduced in February, H.B. 3452 is a significant legislative effort aimed at amending Illinois' licensing laws to incorporate Clear Cooperation principles. This bill has garnered attention as it seeks to establish a framework that promotes transparency and cooperation within the real estate industry.

The initiative is backed by a coalition that includes prominent organizations such as Zillow and the National Association of Hispanic Real Estate Professionals (NAHREP), which have collaborated with lawmakers to shape the legislation. By enshrining Clear Cooperation in state law, the bill aims to ensure that real estate professionals adhere to standards that foster a more equitable and efficient market.

Supporters of the bill argue that it will benefit both consumers and agents by encouraging a more open exchange of information and reducing barriers to market entry. As the legislative process unfolds, stakeholders are closely monitoring the bill's progress and its potential impact on the real estate landscape in Illinois.