Multi-Board 8.0: What Lawyers Need to Know

In this program, Paul Garver and Erica Minchella discuss what they are seeing now that the new Multi-Board 8.0 Contract is in use.

This course covers important changes in the way real estate commissions are handled. It provides an overview of the changes and best practices for providing real estate clients with a good experience, despite the changes.

Explore the intricate intersection of Real Estate Titles and Estate Planning and Administration. Delve into clients’ common estate planning goals for real estate and the best instruments & tools to carry out those goals. Be wary of titling or transfers to multiple beneficiaries having shared ownership rights and responsibilities in real estate, which often leads to dispute. Uncover pitfalls and misconceptions with living trusts, land trusts, joint tenancy with non-spouses, and transfer on death instruments (such as accidental disinheritance, exposure of assets to waste or creditors, unequal inheritances among beneficiaries, and more). Gain insights into the best practices for streamlining the transfer of real property to address a client’s (and client’s spouse’s) future disability and death. Learn the benefits of selling real estate during probate and trust administration, and which legal document/instrument to prepare and record. Obtain practical knowledge and real-world examples to enhance your proficiency and deliver optimal client outcomes. Originally presented as part of the Taking, Holding, and Transferring Illinois Real Estate Titles 2024.