Foreclosure
3 CE Credits

Foreclosure Solutions & Collecting Max Commissions

Close more deals in distressed situations—and keep your commission protected. This advanced, practical session for Illinois brokers shows you exactly how to navigate loan modifications, short sales, and listing timing in foreclosure scenarios—so you secure the listing, move the deal, and get paid.
What You'll Walk Away With:

$ 30

Free for Community Members

About This Event

Legal Education

Navigate the complex landscape of 2024 legislative changes—and ensure your practice stays compliant while maximizing opportunities.

This essential session for Illinois real estate professionals provides you with the exact knowledge, tools, and strategies to implement new regulations confidently—so you protect your clients, reduce liability, and maintain competitive advantage in a changing market.

The real estate landscape has undergone significant transformation in 2024, with new legislative requirements that directly impact how transactions are conducted, documented, and completed. These changes aren’t just procedural updates—they represent fundamental shifts in liability exposure, client protection standards, and professional compliance obligations.

What makes this particularly critical is the enforcement timeline. Unlike previous regulatory changes that had extended grace periods, the 2024 legislative updates include immediate penalties for non-compliance, with fines ranging from $2,500 to $25,000 per violation. More importantly, these violations can trigger professional license reviews and potential suspension.

This session provides not just awareness of the changes, but practical implementation strategies that have been tested in real transactions. You’ll leave with confidence that your practice is not only compliant but positioned to leverage these changes as competitive advantages.

🎁 Special Bonus for ALL Attendees

As a thank you, all attendees will receive FREE access to our exclusive “Contract Negotiation Masterclass”. (Valued at $149)

Instant Downloads

Templates & Checklists

Private Community

Ongoing Support

CE/CLE Credits

3 Hours Approved

Detailed Event Agenda

9:00 – 9:30 AM
Welcome & Overview of 2024 Changes

Introduction to the most impactful legislative updates and their immediate effects on practice

9:30 – 10:30 AM
New Disclosure Requirements
Deep dive into mandatory disclosures, timing requirements, and penalty avoidance strategies
10:30 – 10:45 AM
Break
Networking opportunity with fellow professionals
10:45 – 11:30 AM
Updated Contract Provisions
Line-by-line review of new clauses and their practical implications
11:30 AM – 12:00 PM
Q&A and Implementation Strategies
Interactive session addressing specific practice scenarios and implementation timelines

Learning Objectives

Your Expert Instructor

Mahmoud Faisal Elkhatib
The Bow Tie Attorney
Mahmoud Faisal Elkhatib, “The Bow Tie Attorney,” is a Chicago real estate lawyer with 12+ years of experience. Former chemist and broker, he now advises on foreclosure, real estate, and corporate law while serving housing-focused nonprofits.
Nischay Rawal
CPA, EA
Nischay Rawal, CPA, EA, is a strategic tax and advisory expert with extensive experience in tax planning, compliance, and financial consulting. Known for his client-first approach, he helps businesses and individuals maximize value while ensuring accuracy and growth.

Your Expert Instructor

Your Professional Development Journey Continues

Excellence in real estate isn’t just about staying compliant—it’s about continuous growth, expanding expertise, and building lasting client relationships through superior knowledge and service.

Continuous Learning

Stay ahead of industry changes with our comprehensive continuing education program. New courses added monthly, covering everything from legal updates to market trends.

Professional Network

Connect with like-minded professionals who share your commitment to excellence. Build relationships that last beyond any single transaction or market cycle.

Expert Recognition

Position yourself as the go-to expert in your market. Our advanced certifications and specializations help you stand out in an increasingly competitive landscape.

The Bow Tie Standard

“Excellence is not a skill, it’s an attitude. In real estate, that attitude translates to meticulous preparation, unwavering ethics, and an uncompromising commitment to client success.”

— Mahmoud Faisal Elkhatib, The Bow Tie Attorney