The Illinois Model Home Statute is a set of laws that govern the sale of new homes in the state of Illinois. It was created to protect buyers from fraudulent practices by home builders and sellers. The Illinois Model Home Statute requires that all homes be built to the standards of the state and that buyers are provided with a full disclosure of any issues related to the home prior to purchase. It also sets forth specific rights and remedies for buyers who are not satisfied with their purchase. The statute is divided into three main sections: warranties, disclosure, and remedies. Under the warranties section, the statute requires that all new homes be built in accordance with applicable building codes and that a warranty be provided to the buyer. This warranty must include coverage against defects in workmanship and materials, as well as other issues that may arise. The disclosure section of the statute requires sellers to provide buyers with a full and accurate description of the property, as well as any known problems or defects. Finally, the remedies section of the statute outlines the remedies available to buyers who are not satisfied with their purchase. These remedies include the right to return the property and receive a refund, or to take legal action against the seller. The Illinois Model Home Statute is an important tool for protecting buyers of new homes in the state. By ensuring that all new homes are built to the highest standards and that buyers are provided with full disclosure of any issues, it helps to ensure that buyers are able to make informed decisions about their purchases.