Legal Question in Real Estate Law in Illinois
resident referral credit
Is there a max of how much money a resident can receive as a resident referral credit in a 12 month period? We are an apartment complex and heard there is a max of $1000, but we arent sure. We are located in Hoffman Estates, Illinois.
Asked on 8/28/08, 12:27 pm
1 Answer from Attorneys
Nicholas Chrisos
Nicholas G. Chrisos Attorney at Law
Re: resident referral credit
You are correct: it's $1,000 in ANY 12 month period, according to the licensing law.
Answered on 8/28/08, 12:50 pm