At the time the tax is paid, there shall also be presented to the Director of Finance
on a form prescribed by him, a declaration signed by at least one of the sellers or
grantors and also signed by at least one of the purchasers or grantees involved in
the transaction, or by their attorneys or agents, or by a licensed real estate salesperson
or broker having knowledge of the terms of the transaction, which declaration shall
state the full consideration for the property so transferred and shall be deemed a
confidential record by the Village Clerk. Where the declaration is signed by an attorney,
agent, licensed real estate salesperson or broker, on behalf of sellers or buyers
who have the power of direction to deal with the title to the real estate under a
land trust agreement, the trustees being the mere repository of record legal title
with a duty of conveying the real estate only when and if directed in writing by the
beneficiary or beneficiaries having the power of direction, said attorney, licensed
real estate sales person, or broker need only identify the land trust which is the
repository of record legal title and not the beneficiary or beneficiaries having the
power of direction under the land trust agreement.
(Code 1993, § 9-15.4)
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