Webinar Part II: 6 more reasons to listen in

Following the discussion of medical marijuana at Thursday’s Legal Webinar, Betsy Urbance, IAR Legal Hotline Attorney, summarized six recent legal developments important to members, too.

Urbance briefly discussed:

  • A private mortgage insurance deduction
  • The extension of Mortgage Debt Forgiveness Tax Relief
  • Licensure for managing broker licensees who want to revert to a broker license
  • A revision to the Residential Real Property Disclosure Act
  • Broker Price Opinions and Comparative Market Analyses as real estate licensed activities
  • An Illinois eavesdropping statute that could become law if Gov. Quinn signs it

To hear her insights, IAR members can view the recorded webinar or listen to the audio-only version. Part I of the story on the webinar is now available, too.

 

Webinar: 16 facts you need to know about medical marijuana

Understanding how medical marijuana laws affect properties where it is grown, sold and even used will be critical to Illinois REALTORS® as communities attempt to balance business interests, zoning, public health and state law.

That was the underlying message to Thursday’s IAR Legal Webinar, “Pot . . . Pourri,” led by Lisa Hartzler of Sorling Northrup Attorneys, and Betsy Urbance, IAR Legal Hotline Attorney.

Other things REALTORS® should be aware of:

  1. Doctors must certify their patients can benefit from using medical marijuana before the patient can apply to register with the Illinois Department of Public Health.
  2. More than 11,000 patients have started the certification process so far.
  3. Registered patients who rent a property may not legally smoke indoors if the landlord has a smoke-free policy for the leased property.
  4. Registered patients will have alternative ways to use medical marijuana, such as tea or pills.
  5. Registered patients will not be allowed to legally use the product in public.
  6. The “Compassionate Use of Medical Cannabis Pilot Program Act” became effective Jan. 1, 2014 and is scheduled to sunset in Dec. 2017.
  7. Medical marijuana will be grown in “cultivation centers.”
  8. The non-refundable application fee for a cultivation center is $25,000; fee for an annual permit, if one of the 22 being awarded, is $200,000.
  9. Cultivation centers will be regulated by the Illinois Department of Agriculture.
  10. Cultivation centers must be at least 2,500 feet from day cares, schools and residential areas.
  11. Medical marijuana will be sold in licensed “dispensaries.”
  12. The non-refundable application fee for a dispensary is $5,000; fee for an annual permit, if one of the 60 being awarded, is $25,000.
  13. Dispensaries will be regulated by the Illinois Department of Financial and Professional Regulation.
  14. Dispensaries must be a minimum of 1,000 feet away from schools, day cares and residential areas.
  15. Community zoning ordinances must not make unreasonable prohibitions of cultivation or dispensing.
  16. No permits have been issued yet for legal sales of medical marijuana in Illinois.

For more details, you can view the recorded webinar or listen to the audio-only version.

Remember medical marijuana Legal Webinar Thursday morning

If you haven’t done so already, mark your calendar for 9:30 a.m. Thursday so you can join Lisa Hartzler from Sorling Northrup Attorneys and Illinois Association of REALTORS® (IAR) Legal Hotline Attorney Betsy Urbance for a members-only discussion of the state’s medical marijuana law.

The IAR Legal Webinar will delve into the impact of the recently passed law on real estate business and feature answers to questions submitted in advance by IAR members. If you have a question you’d like addressed, please submit it to webinar@iar.org.

Because space is limited, plan to join the webinar promptly at 9:30 a.m.

Learn how the state’s medical marijuana law could affect your business

Photo courtesy of Bigstock

IAR Members – You may hear plenty of debate about the effects of marijuana on our nation’s health, but when you tune in to the next IAR Legal webinar titled “Pot . . . Pourri” at 9:30 a.m. Dec. 18, you’ll get useful information about its effect on real estate.

Photo courtesy of Bigstock

Join the Illinois Association of REALTORS® Legal Hotline Attorney Betsy Urbance and Lisa Hartzler from Sorling Northrup Attorneys as they discuss the state’s recent approval of a medical marijuana law and how it could impact your business.  Find out what you need to know as the law is implemented.

If you have a question you’d like them to answer during the members-only webinar, you are strongly encouraged to submit it in advance to webinar@iar.org. Priority will be given to questions submitted in advance.

Also, because space is limited, please plan to join the webinar promptly.

If you are not able to listen to the webinar live, a recording will be available to IAR members within 48 hours of its completion. Just go to http://www.illinoisrealtor.org/legal/webinars.