Attorney review is a short window after a Chicagoland contract is signed in which each side’s real estate attorney reviews and may negotiate changes. It is typically five business days, and while it is customary here, it is not required by Illinois law.
How the process works
Once the buyer and seller agree on price and terms, the contract is signed and attorney review begins. Each attorney reads the contract, may propose changes, and the two sides negotiate. If attorneys cannot reach agreement within the review period, either side may be able to end the contract, depending on its terms.
What your agent does and does not do
Your REALTOR® helps you negotiate the business terms and keeps the transaction on schedule. Interpreting contract language and giving legal advice is your attorney’s job, which is one reason to line up an attorney before you start touring homes.
Tips for a smoother review
- Choose your attorney early so you are not searching while the clock runs.
- Put every request in writing and keep an eye on the deadline dates in your contract.
- Ask your attorney which items they review, such as the title commitment, survey and any association documents.
Frequently asked questions
Is attorney review required in Illinois?
No. It is customary in Chicagoland and is usually built into the contract, but it is not required by statute.
How long does attorney review last?
It is typically five business days, but the exact period is set in your contract.
Can my REALTOR give legal advice?
No. A REALTOR can explain the process and negotiate business terms, while legal questions belong with your attorney.
Sources
- Illinois Realtors — standard forms and consumer resources
- Illinois State Bar Association — finding a real estate attorney
This article is general educational information for Illinois home buyers and sellers. It is not legal, tax, lending or financial advice, and rules, rates and fees change. Confirm details with your attorney, lender or title company. Darren Reagan, REALTOR®, License 475.170639, Charles Rutenberg Realty.
