HB0092 was recently introduced.
The Synopsis As Introduced
Amends the Real Estate Appraiser Licensing Act. Provides that a licensed residential real estate appraiser may not use as a comparable sale the sale price of a residential property that was sold as a judicial sale within 12 months after the date of the judicial sale in the preparation of an appraisal for residential property.
The link for HB0092:
'http://www.ilga.gov/legislation/fulltext.asp?DocName=&SessionId=84&GA=97&DocTypeId=HB&DocNum=0092&GAID=11&LegID=54552&SpecSess=&Session=
ICAP is opposing this bill, we believe the selection of sales data should be the decision of the appraiser and not regulated by legislation.
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