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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Real Estate License Act of 2000 is amended | |||||||||||||||||||
5 | by changing Sections 1-10, 5-5, 5-10, 5-15, 5-20, 5-26, 5-27, | |||||||||||||||||||
6 | 5-28, 5-32, 5-35, 5-41, 5-50, 5-60, 5-70, 10-10, 10-15, 15-5, | |||||||||||||||||||
7 | 20-10, 20-20, 20-21, 20-22, 20-85, 25-10, 25-25, 30-15, and | |||||||||||||||||||
8 | 35-5 as follows:
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9 | (225 ILCS 454/1-10)
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10 | (Section scheduled to be repealed on January 1, 2020)
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11 | Sec. 1-10. Definitions. In this Act, unless the context | |||||||||||||||||||
12 | otherwise requires:
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13 | "Act" means the Real Estate License Act of 2000.
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14 | "Address of Record" means the designated address recorded | |||||||||||||||||||
15 | by the Department in the applicant's or licensee's application | |||||||||||||||||||
16 | file or license file as maintained by the Department's | |||||||||||||||||||
17 | licensure maintenance unit. It is the duty of the applicant or | |||||||||||||||||||
18 | licensee to inform the Department of any change of address, and | |||||||||||||||||||
19 | those changes must be made either through the Department's | |||||||||||||||||||
20 | website or by contacting the Department. | |||||||||||||||||||
21 | "Advisory Council" means the Real Estate Education | |||||||||||||||||||
22 | Advisory Council created
under Section 30-10 of this Act.
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23 | "Agency" means a relationship in which a real estate broker |
| |||||||
| |||||||
1 | or licensee,
whether directly or through an affiliated | ||||||
2 | licensee, represents a consumer by
the consumer's consent, | ||||||
3 | whether express or implied, in a real property
transaction.
| ||||||
4 | "Applicant" means any person, as defined in this Section, | ||||||
5 | who applies to
the Department for a valid license as a managing | ||||||
6 | real estate broker, broker real estate salesperson , or
leasing | ||||||
7 | agent.
| ||||||
8 | "Blind advertisement" means any real estate advertisement | ||||||
9 | that does not
include the sponsoring broker's business name and | ||||||
10 | that is used by any licensee
regarding the sale or lease of | ||||||
11 | real estate, including his or her own, licensed
activities, or | ||||||
12 | the hiring of any licensee under this Act. The broker's
| ||||||
13 | business name in the case of a franchise shall include the | ||||||
14 | franchise
affiliation as well as the name of the individual | ||||||
15 | firm.
| ||||||
16 | "Board" means the Real Estate Administration and | ||||||
17 | Disciplinary Board of the Department as created by Section | ||||||
18 | 25-10 of this Act.
| ||||||
19 | "Branch office" means a sponsoring broker's office other | ||||||
20 | than the sponsoring
broker's principal office.
| ||||||
21 | "Broker" means an individual, partnership, limited | ||||||
22 | liability company,
corporation, or registered limited | ||||||
23 | liability partnership other than a real
estate salesperson or | ||||||
24 | leasing agent who, whether in person or through any media or | ||||||
25 | technology, for another and for compensation, or
with the | ||||||
26 | intention or expectation of receiving compensation, either
|
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| |||||||
1 | directly or indirectly:
| ||||||
2 | (1) Sells, exchanges, purchases, rents, or leases real | ||||||
3 | estate.
| ||||||
4 | (2) Offers to sell, exchange, purchase, rent, or lease | ||||||
5 | real estate.
| ||||||
6 | (3) Negotiates, offers, attempts, or agrees to | ||||||
7 | negotiate the sale,
exchange, purchase, rental, or leasing | ||||||
8 | of real estate.
| ||||||
9 | (4) Lists, offers, attempts, or agrees to list real | ||||||
10 | estate for sale,
rent, lease, or exchange.
| ||||||
11 | (5) Buys, sells, offers to buy or sell, or otherwise | ||||||
12 | deals in options on
real estate or improvements thereon.
| ||||||
13 | (6) Supervises the collection, offer, attempt, or | ||||||
14 | agreement
to collect rent for the use of real estate.
| ||||||
15 | (7) Advertises or represents himself or herself as | ||||||
16 | being engaged in the
business of buying, selling, | ||||||
17 | exchanging, renting, or leasing real estate.
| ||||||
18 | (8) Assists or directs in procuring or referring of | ||||||
19 | leads or prospects, intended to
result in the sale, | ||||||
20 | exchange, lease, or rental of real estate.
| ||||||
21 | (9) Assists or directs in the negotiation of any | ||||||
22 | transaction intended to
result in the sale, exchange, | ||||||
23 | lease, or rental of real estate.
| ||||||
24 | (10) Opens real estate to the public for marketing | ||||||
25 | purposes.
| ||||||
26 | (11) Sells, leases, or offers for sale or lease real |
| |||||||
| |||||||
1 | estate at
auction.
| ||||||
2 | (12) Prepares or provides a broker price opinion or | ||||||
3 | comparative market analysis as those terms are defined in | ||||||
4 | this Act, pursuant to the provisions of Section 10-45 of | ||||||
5 | this Act. | ||||||
6 | "Brokerage agreement" means a written or oral agreement | ||||||
7 | between a sponsoring
broker and a consumer for licensed | ||||||
8 | activities to be provided to a consumer in
return for | ||||||
9 | compensation or the right to receive compensation from another.
| ||||||
10 | Brokerage agreements may constitute either a bilateral or a | ||||||
11 | unilateral
agreement between the broker and the broker's client | ||||||
12 | depending upon the content
of the brokerage agreement. All | ||||||
13 | exclusive brokerage agreements shall be in
writing.
| ||||||
14 | "Broker price opinion" means an estimate or analysis of the | ||||||
15 | probable selling price of a particular interest in real estate, | ||||||
16 | which may provide a varying level of detail about the | ||||||
17 | property's condition, market, and neighborhood and information | ||||||
18 | on comparable sales. The activities of a real estate broker or | ||||||
19 | managing broker engaging in the ordinary course of business as | ||||||
20 | a broker, as defined in this Section, shall not be considered a | ||||||
21 | broker price opinion if no compensation is paid to the broker | ||||||
22 | or managing broker, other than compensation based upon the sale | ||||||
23 | or rental of real estate. | ||||||
24 | "Client" means a person who is being represented by a | ||||||
25 | licensee.
| ||||||
26 | "Comparative market analysis" is an analysis or opinion |
| |||||||
| |||||||
1 | regarding pricing, marketing, or financial aspects relating to | ||||||
2 | a specified interest or interests in real estate that may be | ||||||
3 | based upon an analysis of comparative market data, the | ||||||
4 | expertise of the real estate broker or managing broker, and | ||||||
5 | such other factors as the broker or managing broker may deem | ||||||
6 | appropriate in developing or preparing such analysis or | ||||||
7 | opinion. The activities of a real estate broker or managing | ||||||
8 | broker engaging in the ordinary course of business as a broker, | ||||||
9 | as defined in this Section, shall not be considered a | ||||||
10 | comparative market analysis if no compensation is paid to the | ||||||
11 | broker or managing broker, other than compensation based upon | ||||||
12 | the sale or rental of real estate. | ||||||
13 | "Compensation" means the valuable consideration given by | ||||||
14 | one person or entity
to another person or entity in exchange | ||||||
15 | for the performance of some activity or
service. Compensation | ||||||
16 | shall include the transfer of valuable consideration,
| ||||||
17 | including without limitation the following:
| ||||||
18 | (1) commissions;
| ||||||
19 | (2) referral fees;
| ||||||
20 | (3) bonuses;
| ||||||
21 | (4) prizes;
| ||||||
22 | (5) merchandise;
| ||||||
23 | (6) finder fees;
| ||||||
24 | (7) performance of services;
| ||||||
25 | (8) coupons or gift certificates;
| ||||||
26 | (9) discounts;
|
| |||||||
| |||||||
1 | (10) rebates;
| ||||||
2 | (11) a chance to win a raffle, drawing, lottery, or | ||||||
3 | similar game of chance
not prohibited by any other law or | ||||||
4 | statute;
| ||||||
5 | (12) retainer fee; or
| ||||||
6 | (13) salary.
| ||||||
7 | "Confidential information" means information obtained by a | ||||||
8 | licensee from a
client during the term of a brokerage agreement | ||||||
9 | that (i) was made confidential
by the written request or | ||||||
10 | written instruction of the client, (ii) deals with
the | ||||||
11 | negotiating position of the client, or (iii) is information the | ||||||
12 | disclosure
of which could materially harm the negotiating | ||||||
13 | position of the client, unless
at any time:
| ||||||
14 | (1) the client permits the disclosure of information | ||||||
15 | given by that client
by word or conduct;
| ||||||
16 | (2) the disclosure is required by law; or
| ||||||
17 | (3) the information becomes public from a source other | ||||||
18 | than the licensee.
| ||||||
19 | "Confidential information" shall not be considered to | ||||||
20 | include material
information about the physical condition of | ||||||
21 | the property.
| ||||||
22 | "Consumer" means a person or entity seeking or receiving | ||||||
23 | licensed
activities.
| ||||||
24 | "Continuing education school" means any person licensed by | ||||||
25 | the Department as a school
for continuing education in | ||||||
26 | accordance with Section 30-15 of this Act. |
| |||||||
| |||||||
1 | "Coordinator" means the Coordinator of Real Estate created | ||||||
2 | in Section 25-15 of this Act.
| ||||||
3 | "Credit hour" means 50 minutes of classroom instruction in | ||||||
4 | course work that
meets the requirements set forth in rules | ||||||
5 | adopted by the Department.
| ||||||
6 | "Customer" means a consumer who is not being represented by | ||||||
7 | the licensee but
for whom the licensee is performing | ||||||
8 | ministerial acts.
| ||||||
9 | "Department" means the Department of Financial and | ||||||
10 | Professional Regulation. | ||||||
11 | "Designated agency" means a contractual relationship | ||||||
12 | between a sponsoring
broker and a client under Section 15-50 of | ||||||
13 | this Act in which one or more
licensees associated with or | ||||||
14 | employed by the broker are designated as agent of
the client.
| ||||||
15 | "Designated agent" means a sponsored licensee named by a | ||||||
16 | sponsoring broker as
the legal agent of a client, as provided | ||||||
17 | for in Section 15-50 of this Act.
| ||||||
18 | "Dual agency" means an agency relationship in which a | ||||||
19 | licensee is
representing both buyer and seller or both landlord | ||||||
20 | and tenant in the same
transaction. When the agency | ||||||
21 | relationship is a designated agency, the
question of whether | ||||||
22 | there is a dual agency shall be determined by the agency
| ||||||
23 | relationships of the designated agent of the parties and not of | ||||||
24 | the sponsoring
broker.
| ||||||
25 | "Employee" or other derivative of the word "employee", when | ||||||
26 | used to refer to,
describe, or delineate the relationship |
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| |||||||
1 | between a real estate broker and a real
estate salesperson, | ||||||
2 | another real estate broker, or a leasing agent, shall be
| ||||||
3 | construed to include an independent contractor relationship, | ||||||
4 | provided that a
written agreement exists that clearly | ||||||
5 | establishes and states the relationship.
All responsibilities | ||||||
6 | of a broker shall remain.
| ||||||
7 | "Escrow moneys" means all moneys, promissory notes or any | ||||||
8 | other type or
manner of legal tender or financial consideration | ||||||
9 | deposited with any person for
the benefit of the parties to the | ||||||
10 | transaction. A transaction exists once an
agreement has been | ||||||
11 | reached and an accepted real estate contract signed or lease
| ||||||
12 | agreed to by the parties. Escrow moneys includes without | ||||||
13 | limitation earnest
moneys and security deposits, except those | ||||||
14 | security deposits in which the
person holding the security | ||||||
15 | deposit is also the sole owner of the property
being leased and | ||||||
16 | for which the security deposit is being held.
| ||||||
17 | "Electronic means of proctoring" means a methodology | ||||||
18 | providing assurance that the person taking a test and | ||||||
19 | completing the answers to questions is the person seeking | ||||||
20 | licensure or credit for continuing education and is doing so | ||||||
21 | without the aid of a third party or other device. | ||||||
22 | "Exclusive brokerage agreement" means a written brokerage | ||||||
23 | agreement that provides that the sponsoring broker has the sole | ||||||
24 | right, through one or more sponsored licensees, to act as the | ||||||
25 | exclusive designated agent or representative of the client and | ||||||
26 | that meets the requirements of Section 15-75 of this Act.
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| |||||||
1 | "Inoperative" means a status of licensure where the | ||||||
2 | licensee holds a current
license under this Act, but the | ||||||
3 | licensee is prohibited from engaging in
licensed activities | ||||||
4 | because the licensee is unsponsored or the license of the
| ||||||
5 | sponsoring broker with whom the licensee is associated or by | ||||||
6 | whom he or she is
employed is currently expired, revoked, | ||||||
7 | suspended, or otherwise rendered
invalid under this Act.
| ||||||
8 | "Interactive delivery method" means delivery of a course by | ||||||
9 | an instructor through a medium allowing for 2-way communication | ||||||
10 | between the instructor and a student in which either can | ||||||
11 | initiate or respond to questions. | ||||||
12 | "Leads" means the name or names of a potential buyer, | ||||||
13 | seller, lessor, lessee, or client of a licensee. | ||||||
14 | "Leasing Agent" means a person who is employed by a real | ||||||
15 | estate broker to
engage in licensed activities limited to | ||||||
16 | leasing residential real estate who
has obtained a license as | ||||||
17 | provided for in Section 5-5 of this Act.
| ||||||
18 | "License" means the document issued by the Department | ||||||
19 | certifying that the person named
thereon has fulfilled all | ||||||
20 | requirements prerequisite to licensure under this
Act.
| ||||||
21 | "Licensed activities" means those activities listed in the | ||||||
22 | definition of
"broker" under this Section.
| ||||||
23 | "Licensee" means any person, as defined in this Section, | ||||||
24 | who holds a
valid unexpired license as a managing real estate | ||||||
25 | broker, broker real estate salesperson , or
leasing agent.
| ||||||
26 | "Listing presentation" means a communication between a |
| |||||||
| |||||||
1 | managing real estate broker or
broker salesperson and a | ||||||
2 | consumer in which the licensee is attempting to secure a
| ||||||
3 | brokerage agreement with the consumer to market the consumer's | ||||||
4 | real estate for
sale or lease.
| ||||||
5 | "Managing broker" means a broker who has supervisory | ||||||
6 | responsibilities for
licensees in one or, in the case of a | ||||||
7 | multi-office company, more than one
office and who has been | ||||||
8 | appointed as such by the sponsoring broker.
| ||||||
9 | "Medium of advertising" means any method of communication | ||||||
10 | intended to
influence the general public to use or purchase a | ||||||
11 | particular good or service or
real estate.
| ||||||
12 | "Ministerial acts" means those acts that a licensee may | ||||||
13 | perform for a
consumer that are informative or clerical in | ||||||
14 | nature and do not rise to the
level of active representation on | ||||||
15 | behalf of a consumer. Examples of these acts
include without | ||||||
16 | limitation (i) responding to phone inquiries by consumers as to
| ||||||
17 | the availability and pricing of brokerage services, (ii) | ||||||
18 | responding to phone
inquiries from a consumer concerning the | ||||||
19 | price or location of property, (iii)
attending an open house | ||||||
20 | and responding to questions about the property from a
consumer, | ||||||
21 | (iv) setting an appointment to view property, (v) responding to
| ||||||
22 | questions of consumers walking into a licensee's office | ||||||
23 | concerning brokerage
services offered or particular | ||||||
24 | properties, (vi) accompanying an appraiser,
inspector, | ||||||
25 | contractor, or similar third party on a visit to a property, | ||||||
26 | (vii)
describing a property or the property's condition in |
| |||||||
| |||||||
1 | response to a consumer's
inquiry, (viii) completing business or | ||||||
2 | factual information for a consumer on an
offer or contract to | ||||||
3 | purchase on behalf of a client, (ix) showing a client
through a | ||||||
4 | property being sold by an owner on his or her own behalf, or | ||||||
5 | (x)
referral to another broker or service provider.
| ||||||
6 | "Office" means a real estate broker's place of business | ||||||
7 | where the general
public is invited to transact business and | ||||||
8 | where records may be maintained and
licenses displayed, whether | ||||||
9 | or not it is the broker's principal place of
business.
| ||||||
10 | "Person" means and includes individuals, entities, | ||||||
11 | corporations, limited
liability companies, registered limited | ||||||
12 | liability partnerships, and
partnerships, foreign or domestic, | ||||||
13 | except that when the context otherwise
requires, the term may | ||||||
14 | refer to a single individual or other described entity.
| ||||||
15 | "Personal assistant" means a licensed or unlicensed person | ||||||
16 | who has been hired
for the purpose of aiding or assisting a | ||||||
17 | sponsored licensee in the performance
of the sponsored | ||||||
18 | licensee's job.
| ||||||
19 | "Pocket card" means the card issued by the Department to | ||||||
20 | signify that the person named
on the card is currently licensed | ||||||
21 | under this Act.
| ||||||
22 | "Pre-license school" means a school licensed by the | ||||||
23 | Department offering courses in
subjects related to real estate | ||||||
24 | transactions, including the subjects upon
which an applicant is | ||||||
25 | examined in determining fitness to receive a license.
| ||||||
26 | "Pre-renewal period" means the period between the date of |
| |||||||
| |||||||
1 | issue of a
currently valid license and the license's expiration | ||||||
2 | date.
| ||||||
3 | "Proctor" means any person, including, but not limited to, | ||||||
4 | an instructor, who has a written agreement to administer | ||||||
5 | examinations fairly and impartially with a licensed | ||||||
6 | pre-license school or a licensed continuing education school. | ||||||
7 | "Real estate" means and includes leaseholds as well as any | ||||||
8 | other interest or
estate in land, whether corporeal, | ||||||
9 | incorporeal, freehold, or non-freehold,
including timeshare | ||||||
10 | interests, and whether the real estate is situated in this
| ||||||
11 | State or elsewhere.
| ||||||
12 | "Regular employee" means a person working an average of 20 | ||||||
13 | hours per week for a person or entity who would be considered | ||||||
14 | as an employee under the Internal Revenue Service eleven main | ||||||
15 | tests in three categories being behavioral control, financial | ||||||
16 | control and the type of relationship of the parties, formerly | ||||||
17 | the twenty factor test.
| ||||||
18 | "Salesperson" means any individual, other than a real | ||||||
19 | estate broker or
leasing agent, who is employed by a real | ||||||
20 | estate broker or is associated by
written agreement with a real | ||||||
21 | estate broker as an independent contractor and
participates in | ||||||
22 | any activity described in the definition of "broker" under this
| ||||||
23 | Section.
| ||||||
24 | "Secretary" means the Secretary of the Department of | ||||||
25 | Financial and Professional Regulation, or a person authorized | ||||||
26 | by the Secretary to act in the Secretary's stead. |
| |||||||
| |||||||
1 | "Sponsoring broker" means the broker who has issued a | ||||||
2 | sponsor card to a
licensed managing broker salesperson , another | ||||||
3 | licensed broker, or a leasing agent.
| ||||||
4 | "Sponsor card" means the temporary permit issued by the | ||||||
5 | sponsoring real
estate broker certifying that the managing real | ||||||
6 | estate broker, broker real estate salesperson ,
or leasing agent | ||||||
7 | named thereon is employed by or associated by written
agreement | ||||||
8 | with the sponsoring real estate broker, as provided for in | ||||||
9 | Section
5-40 of this Act.
| ||||||
10 | (Source: P.A. 98-531, eff. 8-23-13; 98-1109, eff. 1-1-15 .)
| ||||||
11 | (225 ILCS 454/5-5)
| ||||||
12 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
13 | Sec. 5-5. Leasing agent license.
| ||||||
14 | (a) The purpose of this Section is to provide for a limited | ||||||
15 | scope license to
enable persons who
wish to engage in | ||||||
16 | activities limited to the leasing of residential real
property | ||||||
17 | for which a license is
required under this Act, and only those | ||||||
18 | activities, to do so by obtaining the
license provided for
| ||||||
19 | under this Section.
| ||||||
20 | (b) Notwithstanding the other provisions of this Act, there | ||||||
21 | is hereby
created a leasing agent
license that shall enable the | ||||||
22 | licensee to engage only in residential leasing
activities for | ||||||
23 | which a
license is required under this Act. Such activities | ||||||
24 | include without
limitation leasing or renting
residential real | ||||||
25 | property, or attempting, offering, or negotiating to lease or
|
| |||||||
| |||||||
1 | rent residential real property, or
supervising the collection, | ||||||
2 | offer, attempt, or agreement to collect rent for
the use of
| ||||||
3 | residential real
property. Nothing in this
Section shall be | ||||||
4 | construed to require a licensed managing real estate broker or
| ||||||
5 | broker salesperson to obtain a leasing
agent license in order | ||||||
6 | to perform leasing activities for which a license is
required | ||||||
7 | under this Act.
Licensed leasing agents must be sponsored and | ||||||
8 | employed by a sponsoring broker.
| ||||||
9 | (c) The Department, by rule shall provide for the
licensing | ||||||
10 | of leasing
agents, including the issuance, renewal, and | ||||||
11 | administration of licenses.
| ||||||
12 | (d) Notwithstanding any other provisions of this Act to the | ||||||
13 | contrary, a
person may engage in
residential leasing activities | ||||||
14 | for which a license is required under this Act,
for a period of | ||||||
15 | 120
consecutive days without being licensed, so long as the | ||||||
16 | person is acting under
the supervision of a
licensed real | ||||||
17 | estate broker and the broker has notified the Department that | ||||||
18 | the person is
pursuing licensure
under this Section. During the | ||||||
19 | 120 day period all requirements of Sections
5-10
and 5-65 of | ||||||
20 | this Act
with respect to education, successful completion of an | ||||||
21 | examination, and the
payment of all required
fees must be | ||||||
22 | satisfied. The Department may adopt rules to ensure that the | ||||||
23 | provisions of
this subsection are
not used in a manner that | ||||||
24 | enables an unlicensed person to repeatedly or
continually | ||||||
25 | engage in
activities for which a license is required under this | ||||||
26 | Act.
|
| |||||||
| |||||||
1 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
2 | (225 ILCS 454/5-10)
| ||||||
3 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
4 | Sec. 5-10. Requirements for license as leasing agent. | ||||||
5 | (a) Every applicant for licensure as a leasing agent must | ||||||
6 | meet the following qualifications: | ||||||
7 | (1) be at least 18 years of age; | ||||||
8 | (2) be of good moral
character; | ||||||
9 | (3) successfully complete
a 4-year course of study in a | ||||||
10 | high school or secondary school or an
equivalent course of
| ||||||
11 | study approved by the Illinois State Board of Education; | ||||||
12 | (4) personally take and pass a written
examination | ||||||
13 | authorized by the Department sufficient to demonstrate the | ||||||
14 | applicant's
knowledge of the
provisions of this Act | ||||||
15 | relating to leasing agents and the applicant's
competence | ||||||
16 | to engage in the
activities of a licensed leasing agent; | ||||||
17 | (5) provide satisfactory evidence of having completed
| ||||||
18 | 15 hours of
instruction in an approved course of study | ||||||
19 | relating to the leasing of
residential real property. The
| ||||||
20 | course of study shall, among other topics, cover
the | ||||||
21 | provisions of this Act
applicable to leasing agents; fair | ||||||
22 | housing issues relating to residential
leasing; | ||||||
23 | advertising and marketing issues;
leases, applications, | ||||||
24 | and credit reports; owner-tenant relationships and
| ||||||
25 | owner-tenant laws; the handling of funds; and
|
| |||||||
| |||||||
1 | environmental issues relating
to residential real
| ||||||
2 | property; | ||||||
3 | (6) complete any other requirements as set forth by | ||||||
4 | rule; and
| ||||||
5 | (7) present a valid application for issuance of an | ||||||
6 | initial license accompanied by a sponsor card and the fees | ||||||
7 | specified by rule. | ||||||
8 | (b) No applicant shall engage in any of the activities | ||||||
9 | covered by this Act until a valid sponsor card has been issued | ||||||
10 | to such applicant. The sponsor card shall be valid for a | ||||||
11 | maximum period of 45 days after the date of issuance unless | ||||||
12 | extended for good cause as provided by rule. | ||||||
13 | (c) Successfully completed course work, completed pursuant | ||||||
14 | to the
requirements of this
Section, may be applied to the | ||||||
15 | course work requirements to obtain a managing real estate
| ||||||
16 | broker's or
broker's salesperson's license as provided by rule. | ||||||
17 | The Advisory Council may
recommend through the
Board to the | ||||||
18 | Department and the Department may adopt requirements for | ||||||
19 | approved courses, course
content, and the
approval of courses, | ||||||
20 | instructors, and schools, as well as school and instructor
| ||||||
21 | fees. The Department may
establish continuing education | ||||||
22 | requirements for licensed leasing agents, by
rule, with the | ||||||
23 | advice of
the Advisory Council and Board.
| ||||||
24 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
25 | (225 ILCS 454/5-15)
|
| |||||||
| |||||||
1 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
2 | Sec. 5-15.
Necessity of managing broker, broker, | ||||||
3 | salesperson, or leasing agent license
or sponsor card; | ||||||
4 | ownership
restrictions.
| ||||||
5 | (a) It is unlawful for any person, corporation, limited | ||||||
6 | liability company,
registered limited liability partnership, | ||||||
7 | or partnership to act as
a managing broker, real estate broker, | ||||||
8 | real estate salesperson, or leasing agent or to advertise
or | ||||||
9 | assume to act as such
broker , salesperson, or leasing agent | ||||||
10 | without a properly issued sponsor card or
a license issued
| ||||||
11 | under this Act by the Department, either directly or through | ||||||
12 | its authorized designee.
| ||||||
13 | (b) No corporation shall be granted a license or engage in | ||||||
14 | the business or
capacity, either
directly or indirectly, of a | ||||||
15 | real estate broker, unless every officer of the
corporation who | ||||||
16 | actively
participates in the real estate activities of the | ||||||
17 | corporation holds a license
as a managing broker or broker
and | ||||||
18 | unless every employee who acts as a salesperson, or leasing | ||||||
19 | agent for the
corporation holds a
license as a broker , | ||||||
20 | salesperson, or leasing agent.
| ||||||
21 | (c) No partnership shall be granted a license or engage in | ||||||
22 | the business or
serve in the capacity,
either directly or | ||||||
23 | indirectly, of a real estate broker, unless every general
| ||||||
24 | partner in the partnership
holds a license as a managing broker | ||||||
25 | or broker and unless every employee who acts as a
salesperson | ||||||
26 | or
leasing agent for the partnership holds a license as a |
| |||||||
| |||||||
1 | managing broker, broker,
salesperson, or leasing
agent. In the | ||||||
2 | case of a registered limited liability partnership (LLP), every
| ||||||
3 | partner in the LLP
must hold a license as a managing broker or | ||||||
4 | broker and every employee who acts as a
salesperson or leasing
| ||||||
5 | agent must hold a license as a managing broker, broker, | ||||||
6 | salesperson, or leasing
agent.
| ||||||
7 | (d) No limited liability company shall be granted a license | ||||||
8 | or engage in the
business or serve in
the capacity, either | ||||||
9 | directly or indirectly, of a broker unless
every manager in
the | ||||||
10 | limited liability company or every member in a member managed | ||||||
11 | limited liability company holds a license as a managing broker | ||||||
12 | or broker and
unless every other member and employee who
acts | ||||||
13 | as a salesperson or leasing agent for the limited liability | ||||||
14 | company holds
a license as a managing broker, broker, | ||||||
15 | salesperson, or leasing agent.
| ||||||
16 | (e) No partnership, limited liability company, or | ||||||
17 | corporation shall be
licensed to conduct a
brokerage business | ||||||
18 | where an individual salesperson or leasing agent, or group
of
| ||||||
19 | salespersons
or leasing agents, owns or directly or indirectly | ||||||
20 | controls more than 49% of the
shares of stock or
other | ||||||
21 | ownership in the partnership, limited liability company, or | ||||||
22 | corporation.
| ||||||
23 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
24 | (225 ILCS 454/5-20)
| ||||||
25 | (Section scheduled to be repealed on January 1, 2020)
|
| |||||||
| |||||||
1 | Sec. 5-20. Exemptions from managing broker, broker, | ||||||
2 | salesperson, or leasing agent license
requirement. The | ||||||
3 | requirement for holding a license under this Article 5 shall
| ||||||
4 | not apply to:
| ||||||
5 | (1) Any person, partnership, or corporation that as | ||||||
6 | owner or lessor performs
any of the acts described in the | ||||||
7 | definition of "broker" under Section 1-10 of
this Act with | ||||||
8 | reference to property owned or leased by it, or to the | ||||||
9 | regular
employees thereof with respect to the property so | ||||||
10 | owned or leased, where such
acts are performed in the | ||||||
11 | regular course of or as an incident to the
management, | ||||||
12 | sale, or other disposition of such property and the | ||||||
13 | investment
therein, provided that such regular employees | ||||||
14 | do not perform any of the acts
described in the definition | ||||||
15 | of "broker" under Section 1-10 of this Act in
connection | ||||||
16 | with a vocation of selling or leasing any real estate or | ||||||
17 | the
improvements thereon not so owned or leased.
| ||||||
18 | (2) An attorney in fact acting under a duly executed | ||||||
19 | and recorded power of
attorney to convey real estate from | ||||||
20 | the owner or lessor or the services
rendered by an attorney | ||||||
21 | at law in the performance of the attorney's duty as an
| ||||||
22 | attorney at law.
| ||||||
23 | (3) Any person acting as receiver, trustee in | ||||||
24 | bankruptcy, administrator,
executor, or guardian or while | ||||||
25 | acting under a court order or under the
authority of a will | ||||||
26 | or testamentary trust.
|
| |||||||
| |||||||
1 | (4) Any person acting as a resident manager for the | ||||||
2 | owner or any employee
acting as the resident manager for a | ||||||
3 | broker managing an apartment building,
duplex, or | ||||||
4 | apartment complex, when the resident manager resides on the
| ||||||
5 | premises, the premises is his or her primary residence, and | ||||||
6 | the resident
manager is engaged in the leasing of the | ||||||
7 | property of which he or she is the
resident manager.
| ||||||
8 | (5) Any officer or employee of a federal agency in the | ||||||
9 | conduct of official
duties.
| ||||||
10 | (6) Any officer or employee of the State government or | ||||||
11 | any political
subdivision thereof performing official | ||||||
12 | duties.
| ||||||
13 | (7) Any multiple listing service or other similar | ||||||
14 | information exchange that is
engaged in the collection
and | ||||||
15 | dissemination of information concerning real estate | ||||||
16 | available for sale,
purchase, lease, or
exchange for the | ||||||
17 | purpose of providing licensees with a system by which | ||||||
18 | licensees may cooperatively share information along with | ||||||
19 | which no other licensed activities, as defined in Section | ||||||
20 | 1-10 of this Act, are provided.
| ||||||
21 | (8) Railroads and other public utilities regulated by | ||||||
22 | the State of Illinois,
or the officers or full time | ||||||
23 | employees thereof, unless the performance of any
licensed | ||||||
24 | activities is in connection with the sale, purchase, lease, | ||||||
25 | or other
disposition of real estate or investment therein | ||||||
26 | not needing the approval of
the appropriate State |
| |||||||
| |||||||
1 | regulatory authority.
| ||||||
2 | (9) Any medium of advertising in the routine course of | ||||||
3 | selling or publishing
advertising along with which no other | ||||||
4 | licensed activities, as defined in Section 1-10 of this | ||||||
5 | Act, are provided.
| ||||||
6 | (10) Any resident lessee of a residential dwelling unit | ||||||
7 | who refers for
compensation to the owner of the dwelling | ||||||
8 | unit, or to the owner's agent,
prospective lessees of | ||||||
9 | dwelling units in the same building or complex as the
| ||||||
10 | resident lessee's unit, but only if the resident lessee (i) | ||||||
11 | refers no more than
3 prospective lessees in any 12-month | ||||||
12 | period, (ii) receives compensation of no
more than $1,500 | ||||||
13 | or the equivalent of one month's rent, whichever is less, | ||||||
14 | in
any 12-month period, and (iii) limits his or her | ||||||
15 | activities to referring
prospective lessees to the owner, | ||||||
16 | or the owner's agent, and does not show a
residential | ||||||
17 | dwelling unit to a prospective lessee, discuss terms or | ||||||
18 | conditions
of leasing a dwelling unit with a prospective | ||||||
19 | lessee, or otherwise participate
in the negotiation of the | ||||||
20 | leasing of a dwelling unit.
| ||||||
21 | (11) An exchange company registered under the Real | ||||||
22 | Estate Timeshare Act of
1999 and the regular employees of | ||||||
23 | that registered exchange company but only
when conducting | ||||||
24 | an exchange program as defined in that Act.
| ||||||
25 | (12) An existing timeshare owner who, for | ||||||
26 | compensation, refers prospective
purchasers, but only if |
| |||||||
| |||||||
1 | the existing timeshare owner (i) refers no more than 20
| ||||||
2 | prospective purchasers in any calendar year, (ii) receives | ||||||
3 | no more than $1,000,
or its equivalent, for referrals in | ||||||
4 | any calendar year and (iii) limits his or
her activities to | ||||||
5 | referring prospective purchasers of timeshare interests to
| ||||||
6 | the developer or the developer's employees or agents, and | ||||||
7 | does not show,
discuss terms or conditions of purchase or | ||||||
8 | otherwise participate in
negotiations with regard to | ||||||
9 | timeshare interests.
| ||||||
10 | (13) Any person who is licensed without examination | ||||||
11 | under
Section 10-25 (now repealed) of the Auction License | ||||||
12 | Act is exempt from holding a managing broker's or
broker's | ||||||
13 | salesperson's license under this Act for the limited | ||||||
14 | purpose of selling or
leasing real estate at auction, so | ||||||
15 | long as:
| ||||||
16 | (A) that person has made application for said | ||||||
17 | exemption by July 1, 2000;
| ||||||
18 | (B) that person verifies to the Department that he | ||||||
19 | or she has sold real estate
at auction for a period of | ||||||
20 | 5 years prior to licensure as an auctioneer;
| ||||||
21 | (C) the person has had no lapse in his or her | ||||||
22 | license as an
auctioneer; and
| ||||||
23 | (D) the license issued under the Auction License | ||||||
24 | Act has not been
disciplined for violation of those | ||||||
25 | provisions of Article 20 of the Auction
License Act | ||||||
26 | dealing with or related to the sale or lease of real |
| |||||||
| |||||||
1 | estate at
auction.
| ||||||
2 | (14) A person who holds a valid license under the | ||||||
3 | Auction License Act and a valid real estate auction | ||||||
4 | certification and conducts auctions for the sale of real | ||||||
5 | estate under Section 5-32 of this Act. | ||||||
6 | (15) A hotel operator who is registered with the | ||||||
7 | Illinois Department of
Revenue and pays taxes under the | ||||||
8 | Hotel Operators' Occupation Tax Act and rents
a room or | ||||||
9 | rooms in a hotel as defined in the Hotel Operators' | ||||||
10 | Occupation Tax
Act for a period of not more than 30 | ||||||
11 | consecutive days and not more than 60 days
in a calendar | ||||||
12 | year.
| ||||||
13 | (Source: P.A. 98-553, eff. 1-1-14.)
| ||||||
14 | (225 ILCS 454/5-26) | ||||||
15 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
16 | Sec. 5-26. License Requirements for license as a | ||||||
17 | salesperson. | ||||||
18 | (a) Every applicant for licensure as a salesperson must | ||||||
19 | meet the following qualifications: | ||||||
20 | (1) Be at least 21 years of age. The minimum age of 21 | ||||||
21 | years shall be waived for any person seeking a license as a | ||||||
22 | real estate salesperson who has attained the age of 18 and | ||||||
23 | can provide evidence of the successful completion of at | ||||||
24 | least 4 semesters of post-secondary school study as a | ||||||
25 | full-time student or the equivalent, with major emphasis on |
| |||||||
| |||||||
1 | real estate courses, in a school approved by the | ||||||
2 | Department; | ||||||
3 | (2) Be of good moral character; | ||||||
4 | (3) Successfully complete a 4-year course of study in a | ||||||
5 | high school or secondary school approved by the Illinois | ||||||
6 | State Board of Education or an equivalent course of study | ||||||
7 | as determined by an examination conducted by the Illinois | ||||||
8 | State Board of Education, which shall be verified under | ||||||
9 | oath by the applicant; | ||||||
10 | (4) Provide satisfactory evidence of having completed | ||||||
11 | at least 45 hours of instruction in real estate courses | ||||||
12 | approved by the Advisory Council, except applicants who are | ||||||
13 | currently admitted to practice law by the Supreme Court of | ||||||
14 | Illinois and are currently in active standing; | ||||||
15 | (5) Personally take and pass a written examination | ||||||
16 | authorized by the Department; and | ||||||
17 | (6) Present a valid application for issuance of a | ||||||
18 | license accompanied by a sponsor card and the fees | ||||||
19 | specified by rule. | ||||||
20 | (b) No applicant shall engage in any of the activities | ||||||
21 | covered by this Act until a valid sponsor card has been issued | ||||||
22 | to the applicant. The sponsor card shall be valid for a maximum | ||||||
23 | period of 45 days after the date of issuance unless extended | ||||||
24 | for good cause as provided by rule. | ||||||
25 | (c) All licenses should be readily available to the public | ||||||
26 | at their sponsoring place of business. |
| |||||||
| |||||||
1 | (d) No new salesperson licenses shall be issued after April | ||||||
2 | 30, 2011 and all existing salesperson licenses shall terminate | ||||||
3 | on May 1, 2012.
| ||||||
4 | (Source: P.A. 96-856, eff. 12-31-09; 97-333, eff. 8-12-11.)
| ||||||
5 | (225 ILCS 454/5-27) | ||||||
6 | (Section scheduled to be repealed on January 1, 2020) | ||||||
7 | Sec. 5-27. Requirements for licensure as a broker. | ||||||
8 | (a) Every applicant for licensure as a broker must meet the | ||||||
9 | following qualifications: | ||||||
10 | (1) Be at least 21 years of age. After April 30, 2011, | ||||||
11 | the minimum age of 21 years shall be waived for any person | ||||||
12 | seeking a license as a broker who has attained the age of | ||||||
13 | 18 and can provide evidence of the successful completion of | ||||||
14 | at least 4 semesters of post-secondary school study as a | ||||||
15 | full-time student or the equivalent, with major emphasis on | ||||||
16 | real estate courses, in a school approved by the | ||||||
17 | Department; | ||||||
18 | (2) Be of good moral character; | ||||||
19 | (3) Successfully complete a 4-year course of study in a | ||||||
20 | high school or secondary school approved by the Illinois | ||||||
21 | State Board of Education or an equivalent course of study | ||||||
22 | as determined by an examination conducted by the Illinois | ||||||
23 | State Board of Education which shall be verified under oath | ||||||
24 | by the applicant; | ||||||
25 | (4) (Blank); Prior to May 1, 2011, provide (i) |
| |||||||
| |||||||
1 | satisfactory evidence of having completed at least 120 | ||||||
2 | classroom hours, 45 of which shall be those hours required | ||||||
3 | to obtain a salesperson's license plus 15 hours in | ||||||
4 | brokerage administration courses, in real estate courses | ||||||
5 | approved by the Advisory Council or (ii) for applicants who | ||||||
6 | currently hold a valid real estate salesperson's license, | ||||||
7 | give satisfactory evidence of having completed at least 75 | ||||||
8 | hours in real estate courses, not including the courses | ||||||
9 | that are required to obtain a salesperson's license, | ||||||
10 | approved by the Advisory Council; | ||||||
11 | (5) After April 30, 2011, provide satisfactory | ||||||
12 | evidence of having completed 90 hours of instruction in | ||||||
13 | real estate courses approved by the Advisory Council, 15 | ||||||
14 | hours of which must consist of situational and case studies | ||||||
15 | presented in the classroom or by other interactive delivery | ||||||
16 | method between the instructor and the students; | ||||||
17 | (6) Personally take and pass a written examination | ||||||
18 | authorized by the Department; | ||||||
19 | (7) Present a valid application for issuance of a | ||||||
20 | license accompanied by a sponsor card and the fees | ||||||
21 | specified by rule. | ||||||
22 | (b) The requirements specified in items (3) (4) and (5) of | ||||||
23 | subsection (a) of this Section do not apply to applicants who | ||||||
24 | are currently admitted to practice law by the Supreme Court of | ||||||
25 | Illinois and are currently in active standing. | ||||||
26 | (c) No applicant shall engage in any of the activities |
| |||||||
| |||||||
1 | covered by this Act until a valid sponsor card has been issued | ||||||
2 | to such applicant. The sponsor card shall be valid for a | ||||||
3 | maximum period of 45 days after the date of issuance unless | ||||||
4 | extended for good cause as provided by rule. | ||||||
5 | (d) All licenses should be readily available to the public | ||||||
6 | at their place of business.
| ||||||
7 | (e) An individual holding an active license as a managing | ||||||
8 | broker may return the license to the Department along with a | ||||||
9 | form provided by the Department and shall be issued a broker's | ||||||
10 | license in exchange. Any individual obtaining a broker's | ||||||
11 | license under this subsection (e) shall be considered as having | ||||||
12 | obtained a broker's license by education and passing the | ||||||
13 | required test and shall be treated as such in determining | ||||||
14 | compliance with this Act. | ||||||
15 | (Source: P.A. 98-531, eff. 8-23-13; 98-1109, eff. 1-1-15 .)
| ||||||
16 | (225 ILCS 454/5-28) | ||||||
17 | (Section scheduled to be repealed on January 1, 2020) | ||||||
18 | Sec. 5-28. Requirements for licensure as a managing broker. | ||||||
19 | (a) Effective May 1, 2012, every applicant for licensure as | ||||||
20 | a managing broker must meet the following qualifications: | ||||||
21 | (1) be at least 21 years of age; | ||||||
22 | (2) be of good moral character; | ||||||
23 | (3) have been licensed at least 2 out of the preceding | ||||||
24 | 3 years as a real estate broker or salesperson ; | ||||||
25 | (4) successfully complete a 4-year course of study in |
| |||||||
| |||||||
1 | high school or secondary school approved by the Illinois | ||||||
2 | State Board of Education or an equivalent course of study | ||||||
3 | as determined by an examination conducted by the Illinois | ||||||
4 | State Board of Education, which shall be verified under | ||||||
5 | oath by the applicant; | ||||||
6 | (5) provide satisfactory evidence of having completed | ||||||
7 | at least 165 hours, 120 of which shall be those hours | ||||||
8 | required pre and post-licensure to obtain a broker's | ||||||
9 | license, and 45 additional hours completed within the year | ||||||
10 | immediately preceding the filing of an application for a | ||||||
11 | managing broker's license, which hours shall focus on | ||||||
12 | brokerage administration and management and include at | ||||||
13 | least 15 hours in the classroom or by other interactive | ||||||
14 | delivery method between the instructor and the students; | ||||||
15 | (6) personally take and pass a written examination | ||||||
16 | authorized by the Department; and | ||||||
17 | (7) present a valid application for issuance of a | ||||||
18 | license accompanied by a sponsor card, an appointment as a | ||||||
19 | managing broker, and the fees specified by rule. | ||||||
20 | (b) The requirements specified in item (5) of subsection | ||||||
21 | (a) of this Section do not apply to applicants who are | ||||||
22 | currently admitted to practice law by the Supreme Court of | ||||||
23 | Illinois and are currently in active standing. | ||||||
24 | (c) No applicant shall act as a managing broker for more | ||||||
25 | than 90 days after an appointment as a managing broker has been | ||||||
26 | filed with the Department without obtaining a managing broker's |
| |||||||
| |||||||
1 | license.
| ||||||
2 | (Source: P.A. 98-531, eff. 8-23-13.)
| ||||||
3 | (225 ILCS 454/5-32) | ||||||
4 | (Section scheduled to be repealed on January 1, 2020) | ||||||
5 | Sec. 5-32. Real estate auction certification. | ||||||
6 | (a) An auctioneer licensed under the Auction License Act | ||||||
7 | who does not possess a valid and active broker's or managing | ||||||
8 | broker's license under this Act, or who is not otherwise exempt | ||||||
9 | from licensure, may not engage in the practice of auctioning | ||||||
10 | real estate, except as provided in this Section. | ||||||
11 | (b) The Department shall issue a real estate auction | ||||||
12 | certification to applicants who: | ||||||
13 | (1) possess a valid auctioneer's license under the | ||||||
14 | Auction License Act; | ||||||
15 | (2) successfully complete a real estate auction course | ||||||
16 | of at least 30 hours approved by the Department, which | ||||||
17 | shall cover the scope of activities that may be engaged in | ||||||
18 | by a person holding a real estate auction certification and | ||||||
19 | the activities for which a person must hold a real estate | ||||||
20 | license, as well as other material as provided by the | ||||||
21 | Department; | ||||||
22 | (3) provide documentation of the completion of the real | ||||||
23 | estate auction course; and | ||||||
24 | (4) successfully complete any other reasonable | ||||||
25 | requirements as provided by rule. |
| |||||||
| |||||||
1 | (c) The auctioneer's role shall be limited to establishing | ||||||
2 | the time, place, and method of the real estate auction, placing | ||||||
3 | advertisements regarding the auction, and crying or calling the | ||||||
4 | auction; any other real estate brokerage activities must be | ||||||
5 | performed by a person holding a valid and active real estate | ||||||
6 | broker's or managing broker's license under the provisions of | ||||||
7 | this Act or by a person who is exempt from holding a license | ||||||
8 | under paragraph (13) of Section 5-20 who has a certificate | ||||||
9 | under this Section. | ||||||
10 | (d) An auctioneer who conducts any real estate auction | ||||||
11 | activities in violation of this Section is guilty of unlicensed | ||||||
12 | practice under Section 20-10 of this Act. | ||||||
13 | (e) The Department may revoke, suspend, or otherwise | ||||||
14 | discipline the real estate auction certification of an | ||||||
15 | auctioneer who is adjudicated to be in violation of the | ||||||
16 | provisions of this Section or Section 20-15 of the Auction | ||||||
17 | License Act. | ||||||
18 | (f) Advertising for the real estate auction must contain | ||||||
19 | the name and address of the licensed real estate broker, | ||||||
20 | managing broker, or a licensed auctioneer under paragraph (13) | ||||||
21 | of Section 5-20 of this Act who is providing brokerage services | ||||||
22 | for the transaction. | ||||||
23 | (g) The requirement to hold a real estate auction | ||||||
24 | certification shall not apply to a person exempt from this Act | ||||||
25 | under the provisions of paragraph (13) of Section 5-20 of this | ||||||
26 | Act, unless that person is performing licensed activities in a |
| |||||||
| |||||||
1 | transaction in which a licensed auctioneer with a real estate | ||||||
2 | certification is providing the limited services provided for in | ||||||
3 | subsection (c) of this Section. | ||||||
4 | (h) Nothing in this Section shall require a person licensed | ||||||
5 | under this Act as a real estate broker or managing broker to | ||||||
6 | obtain a real estate auction certification in order to auction | ||||||
7 | real estate. | ||||||
8 | (i) The Department may adopt rules to implement this | ||||||
9 | Section.
| ||||||
10 | (Source: P.A. 98-553, eff. 1-1-14; 98-756, eff. 7-16-14.)
| ||||||
11 | (225 ILCS 454/5-35)
| ||||||
12 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
13 | Sec. 5-35. Examination; managing broker, broker, | ||||||
14 | salesperson, or leasing agent.
| ||||||
15 | (a) The Department shall authorize examinations at such
| ||||||
16 | times and places as it may designate. The examination shall be | ||||||
17 | of a character to give a fair test of the qualifications of the | ||||||
18 | applicant to practice as a managing broker, broker, | ||||||
19 | salesperson, or leasing agent. Applicants for examination as a | ||||||
20 | managing broker, broker, salesperson, or leasing agent shall be | ||||||
21 | required to pay, either to the Department or the designated | ||||||
22 | testing service, a fee covering the cost of providing the | ||||||
23 | examination. Failure to appear for the examination on the | ||||||
24 | scheduled date, at the time and place specified, after the | ||||||
25 | applicant's application for examination has been received and |
| |||||||
| |||||||
1 | acknowledged by the Department or the designated testing | ||||||
2 | service, shall result in the forfeiture of the examination fee.
| ||||||
3 | An applicant shall be eligible to take the
examination only | ||||||
4 | after
successfully completing the education requirements
and
| ||||||
5 | attaining the
minimum age provided for in Article 5 of this | ||||||
6 | Act. Each applicant shall be required to
establish compliance | ||||||
7 | with
the eligibility requirements in the manner provided by the | ||||||
8 | rules
promulgated for
the administration of this Act.
| ||||||
9 | (b) If a person who has received a passing score on the | ||||||
10 | written examination
described in this Section fails to file an | ||||||
11 | application and meet all
requirements for a license
under this | ||||||
12 | Act within
one year after receiving a passing score on the | ||||||
13 | examination, credit for the
examination shall
terminate. The | ||||||
14 | person thereafter may make a new application for examination.
| ||||||
15 | (c) If an applicant has failed an examination 4 times, the | ||||||
16 | applicant must
repeat the pre-license
education required to sit | ||||||
17 | for the examination. For the purposes of this
Section, the | ||||||
18 | fifth attempt
shall be the same as the first. Approved | ||||||
19 | education, as prescribed by this Act
for licensure as a
| ||||||
20 | salesperson or broker, shall be valid for 4
years after the | ||||||
21 | date of satisfactory completion of the education.
| ||||||
22 | (d) The Department may employ consultants for the purposes | ||||||
23 | of preparing and conducting examinations. | ||||||
24 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
25 | (225 ILCS 454/5-41) |
| |||||||
| |||||||
1 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
2 | Sec. 5-41. Change of address. A licensee shall notify the | ||||||
3 | Department of the address or addresses, and of every change of | ||||||
4 | address, where the licensee practices as a leasing agent, | ||||||
5 | salesperson, broker or managing broker.
| ||||||
6 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
7 | (225 ILCS 454/5-50)
| ||||||
8 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
9 | Sec. 5-50. Expiration and renewal of managing broker, | ||||||
10 | broker, salesperson, or
leasing agent license; sponsoring | ||||||
11 | broker;
register of licensees; pocket card. | ||||||
12 | (a) The expiration date and renewal period for each license | ||||||
13 | issued under
this Act shall be set by
rule , except that the | ||||||
14 | first renewal period ending after the effective date of this | ||||||
15 | Act for those licensed as a salesperson shall be extended | ||||||
16 | through April 30, 2012 . Except as otherwise provided in this | ||||||
17 | Section, the holder of
a
license may renew
the license within | ||||||
18 | 90 days preceding the expiration date thereof by completing the | ||||||
19 | continuing education required by this Act and paying the
fees | ||||||
20 | specified by
rule.
| ||||||
21 | (b) An individual whose first license is that of a broker | ||||||
22 | received after April 30, 2011, must provide evidence of having | ||||||
23 | completed 30 hours of post-license education in courses | ||||||
24 | approved by the Advisory Council, 15 hours of which must | ||||||
25 | consist of situational and case studies presented in the |
| |||||||
| |||||||
1 | classroom or by other interactive delivery method between the | ||||||
2 | instructor and the students, and personally take and pass an | ||||||
3 | examination approved by the Department prior to the first | ||||||
4 | renewal of their broker's license.
| ||||||
5 | (c) Any salesperson until April 30, 2011 or any managing | ||||||
6 | broker, broker, or leasing agent whose license under this Act | ||||||
7 | has expired shall be eligible to renew the license during the | ||||||
8 | 2-year period following the expiration date, provided the | ||||||
9 | managing broker, broker, salesperson, or leasing agent pays the | ||||||
10 | fees as prescribed by rule and completes continuing education | ||||||
11 | and other requirements provided for by the Act or by rule. | ||||||
12 | Beginning on May 1, 2012, a managing broker licensee, broker, | ||||||
13 | or leasing agent whose license has been expired for more than 2 | ||||||
14 | years but less than 5 years may have it restored by (i) | ||||||
15 | applying to the Department, (ii) paying the required fee, (iii) | ||||||
16 | completing the continuing education requirements for the most | ||||||
17 | recent pre-renewal period that ended prior to the date of the | ||||||
18 | application for reinstatement, and (iv) filing acceptable | ||||||
19 | proof of fitness to have his or her license restored, as set by | ||||||
20 | rule. A managing broker, broker, or leasing agent whose license | ||||||
21 | has been expired for more than 5 years shall be required to | ||||||
22 | meet the requirements for a new license.
| ||||||
23 | (d) Notwithstanding any other provisions of this Act to the | ||||||
24 | contrary, any managing broker, broker, salesperson, or leasing | ||||||
25 | agent whose license expired while he or she was (i) on active | ||||||
26 | duty with the Armed Forces of the United States or called into |
| |||||||
| |||||||
1 | service or training by the state militia, (ii) engaged in | ||||||
2 | training or education under the supervision of the United | ||||||
3 | States preliminary to induction into military service, or (iii) | ||||||
4 | serving as the Coordinator of Real Estate in the State of | ||||||
5 | Illinois or as an employee of the Department may have his or | ||||||
6 | her license renewed, reinstated or restored without paying any | ||||||
7 | lapsed renewal fees if within 2 years after the termination of | ||||||
8 | the service, training or education by furnishing the Department | ||||||
9 | with satisfactory evidence of service, training, or education | ||||||
10 | and it has been terminated under honorable conditions. | ||||||
11 | (e) The Department shall establish and
maintain a register | ||||||
12 | of all persons currently licensed by the
State and shall issue | ||||||
13 | and prescribe a form of pocket card. Upon payment by a licensee | ||||||
14 | of the appropriate fee as prescribed by
rule for engagement in | ||||||
15 | the activity for which the licensee is
qualified and holds a | ||||||
16 | license for the current period, the
Department shall issue a | ||||||
17 | pocket card to the licensee. The
pocket card shall be | ||||||
18 | verification that the required fee for the
current period has | ||||||
19 | been paid and shall indicate that the person named thereon is | ||||||
20 | licensed for the current renewal period as a
managing broker, | ||||||
21 | broker, salesperson, or leasing agent as the
case may be. The | ||||||
22 | pocket card shall further indicate that the
person named | ||||||
23 | thereon is authorized by the Department to
engage in the | ||||||
24 | licensed activity appropriate for his or her
status (managing | ||||||
25 | broker, broker, salesperson, or leasing
agent). Each licensee | ||||||
26 | shall carry on his or her person his or
her pocket card or, if |
| |||||||
| |||||||
1 | such pocket card has not yet been
issued, a properly issued | ||||||
2 | sponsor card when engaging in any
licensed activity and shall | ||||||
3 | display the same on demand. | ||||||
4 | (f) The Department shall provide to the sponsoring broker a | ||||||
5 | notice of renewal for all sponsored licensees by mailing the | ||||||
6 | notice to the sponsoring broker's address of record, or, at the | ||||||
7 | Department's discretion, by an electronic means as provided for | ||||||
8 | by rule. | ||||||
9 | (g) Upon request from the sponsoring broker, the Department | ||||||
10 | shall make available to the sponsoring broker, either by mail | ||||||
11 | or by an electronic means at the discretion of the Department, | ||||||
12 | a listing of licensees under this Act who, according to the | ||||||
13 | records of the Department, are sponsored by that broker. Every | ||||||
14 | licensee associated with or employed by a broker whose license | ||||||
15 | is revoked, suspended, terminated, or expired shall be | ||||||
16 | considered as inoperative until such time as the sponsoring | ||||||
17 | broker's license is reinstated or renewed, or the licensee | ||||||
18 | changes employment as set forth in subsection (c) of Section | ||||||
19 | 5-40 of this Act. | ||||||
20 | (Source: P.A. 98-531, eff. 8-23-13.)
| ||||||
21 | (225 ILCS 454/5-60)
| ||||||
22 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
23 | Sec. 5-60. Managing broker licensed in another state; | ||||||
24 | broker licensed in another state; salesperson licensed in | ||||||
25 | another state;
reciprocal agreements; agent
for service
of |
| |||||||
| |||||||
1 | process. | ||||||
2 | (a) Effective May 1, 2011, a managing broker's license may | ||||||
3 | be issued by the Department to a managing broker or its | ||||||
4 | equivalent licensed under the laws of another state of the | ||||||
5 | United States, under the following conditions: | ||||||
6 | (1) the managing broker holds a managing broker's | ||||||
7 | license in a state that has entered into a reciprocal | ||||||
8 | agreement with the Department; | ||||||
9 | (2) the standards for that state for licensing as a | ||||||
10 | managing broker are substantially equal to or greater than | ||||||
11 | the minimum standards in the State of Illinois; | ||||||
12 | (3) the managing broker has been actively practicing as | ||||||
13 | a managing broker in the managing broker's state of | ||||||
14 | licensure for a period of not less than 2 years, | ||||||
15 | immediately prior to the date of application; | ||||||
16 | (4) the managing broker furnishes the Department with a | ||||||
17 | statement under seal of the proper licensing authority of | ||||||
18 | the state in which the managing broker is licensed showing | ||||||
19 | that the managing broker has an active managing broker's | ||||||
20 | license, that the managing broker is in good standing, and | ||||||
21 | that no complaints are pending against the managing broker | ||||||
22 | in that state; | ||||||
23 | (5) the managing broker passes a test on Illinois | ||||||
24 | specific real estate brokerage laws; and | ||||||
25 | (6) the managing broker was licensed by an examination | ||||||
26 | in the state that has entered into a reciprocal agreement |
| |||||||
| |||||||
1 | with the Department. | ||||||
2 | (b) A broker's license may be issued by the Department to a | ||||||
3 | broker or its equivalent licensed under the
laws of another
| ||||||
4 | state of the United States, under the following conditions:
| ||||||
5 | (1) the broker
holds a broker's license in a state that | ||||||
6 | has entered into a reciprocal agreement with the | ||||||
7 | Department;
| ||||||
8 | (2) the standards for that state for licensing as
a | ||||||
9 | broker are substantially
equivalent to or greater than the | ||||||
10 | minimum standards in the State of Illinois;
| ||||||
11 | (3) if the application is made prior to May 1, 2012, | ||||||
12 | then the broker has been
actively practicing as a broker in | ||||||
13 | the broker's state of licensure for a period
of not less | ||||||
14 | than 2 years,
immediately prior to the date of application;
| ||||||
15 | (4) the broker furnishes the Department with a | ||||||
16 | statement under
seal of the proper licensing authority of | ||||||
17 | the state in which the broker is
licensed showing that the
| ||||||
18 | broker has an active broker's license, that the broker is | ||||||
19 | in good standing, and
that no
complaints are pending | ||||||
20 | against
the broker in that state;
| ||||||
21 | (5) the broker passes a test on
Illinois specific real | ||||||
22 | estate brokerage laws; and
| ||||||
23 | (6) the broker was licensed by an examination in a | ||||||
24 | state that has entered into a reciprocal agreement with the | ||||||
25 | Department.
| ||||||
26 | (c) (Blank). Prior to May 1, 2011, a salesperson may, in |
| |||||||
| |||||||
1 | the discretion
of the Department, be issued a
salesperson's | ||||||
2 | license provided all of
the following
conditions are met:
| ||||||
3 | (1) the salesperson maintains an active license in the | ||||||
4 | state that has entered into a reciprocal agreement with the | ||||||
5 | Department;
| ||||||
6 | (2) the salesperson passes a test on Illinois specific | ||||||
7 | real estate brokerage laws; and
| ||||||
8 | (3) the salesperson was licensed by an examination in | ||||||
9 | the state that has entered into a reciprocal agreement with | ||||||
10 | the Department.
| ||||||
11 | The broker with whom the
salesperson is
associated shall | ||||||
12 | comply with the provisions of this Act and issue the
| ||||||
13 | salesperson a sponsor card
upon the form provided by the | ||||||
14 | Department.
| ||||||
15 | (d) As a condition precedent to the issuance of a license | ||||||
16 | to a managing broker ,
or broker , or salesperson pursuant to | ||||||
17 | this Section,
the managing broker or broker salesperson shall | ||||||
18 | agree in writing to abide by all the provisions
of this Act | ||||||
19 | with
respect to his or her real estate activities within the | ||||||
20 | State of Illinois and
submit to the jurisdiction of the | ||||||
21 | Department
as provided in this Act. The agreement shall be | ||||||
22 | filed with the Department and shall
remain in force
for so long | ||||||
23 | as the managing broker , or broker or salesperson is licensed by | ||||||
24 | this State
and thereafter with
respect to acts or omissions | ||||||
25 | committed while licensed as a managing broker or
broker | ||||||
26 | salesperson in this State.
|
| |||||||
| |||||||
1 | (e) Prior to the issuance of any license to any managing | ||||||
2 | broker , or broker , or salesperson licensed pursuant to this | ||||||
3 | Section, verification of
active licensure issued
for the | ||||||
4 | conduct of such business in any other state must be filed with | ||||||
5 | the Department by
the managing broker , or broker, or | ||||||
6 | salesperson,
and the same fees must be paid as provided in this | ||||||
7 | Act for the obtaining of a
managing broker's , or broker's or
| ||||||
8 | salesperson's license in this State.
| ||||||
9 | (f) Licenses previously granted under reciprocal | ||||||
10 | agreements with other
states shall remain in
force so long as | ||||||
11 | the Department has a reciprocal agreement with the state that | ||||||
12 | includes
the requirements of this Section, unless
that license | ||||||
13 | is suspended, revoked, or terminated by the Department for any | ||||||
14 | reason
provided for
suspension, revocation, or
termination of a | ||||||
15 | resident licensee's license. Licenses granted under
reciprocal | ||||||
16 | agreements may be
renewed in the same manner as a resident's | ||||||
17 | license.
| ||||||
18 | (g) Prior to the issuance of a license to a nonresident | ||||||
19 | managing broker , or broker or
salesperson , the managing broker , | ||||||
20 | or broker or
salesperson shall file with the Department a | ||||||
21 | designation in writing that appoints the Secretary
to act as
| ||||||
22 | his or her agent upon whom all judicial and other process or | ||||||
23 | legal notices
directed to the managing broker , or broker or
| ||||||
24 | salesperson may be served. Service upon the agent so designated | ||||||
25 | shall be
equivalent to personal
service upon the licensee. | ||||||
26 | Copies of the appointment, certified by the Secretary, shall be
|
| |||||||
| |||||||
1 | deemed sufficient evidence thereof and shall be admitted in | ||||||
2 | evidence with the
same force and effect
as the original thereof | ||||||
3 | might be admitted. In the written designation, the managing | ||||||
4 | broker ,
or broker or salesperson
shall agree that any lawful | ||||||
5 | process against the licensee that is served upon
the agent | ||||||
6 | shall be of
the same legal force and validity as if served upon | ||||||
7 | the licensee and that the
authority shall continue
in force so | ||||||
8 | long as any liability remains outstanding in this State. Upon | ||||||
9 | the
receipt of any process or notice, the Secretary
shall | ||||||
10 | forthwith mail a copy of the same by certified mail to the last | ||||||
11 | known
business address of the
licensee.
| ||||||
12 | (h) Any person holding a valid license under this Section | ||||||
13 | shall be eligible
to obtain a resident managing broker's | ||||||
14 | license , or a
broker's license , or, prior to May 1, 2011, a | ||||||
15 | salesperson's license without examination should that person | ||||||
16 | change
their state of
domicile to Illinois and that person | ||||||
17 | otherwise meets the qualifications for
licensure under this | ||||||
18 | Act.
| ||||||
19 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
20 | (225 ILCS 454/5-70)
| ||||||
21 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
22 | Sec. 5-70. Continuing education requirement; managing | ||||||
23 | broker , or broker , or salesperson .
| ||||||
24 | (a) The requirements of this Section apply to all managing | ||||||
25 | brokers , and brokers , and salespersons .
|
| |||||||
| |||||||
1 | (b) Except as otherwise
provided in this Section, each
| ||||||
2 | person who applies for renewal of his or her license as a | ||||||
3 | managing broker , or real
estate broker , or real
estate | ||||||
4 | salesperson must successfully complete 6 hours of real estate | ||||||
5 | continuing education
courses approved by
the Advisory Council | ||||||
6 | for each year of the pre-renewal period. Broker licensees must | ||||||
7 | successfully complete a 6-hour broker management continuing | ||||||
8 | education course approved by the Department for the pre-renewal | ||||||
9 | period ending April 30, 2010. In addition, beginning with the | ||||||
10 | pre-renewal period for managing broker licensees that begins | ||||||
11 | after the effective date of this Act, those licensees renewing | ||||||
12 | or obtaining a managing broker's license must successfully | ||||||
13 | complete a 12-hour broker management continuing education | ||||||
14 | course approved by the Department each pre-renewal period. The | ||||||
15 | broker management continuing education course must be | ||||||
16 | completed in the classroom or by other interactive delivery | ||||||
17 | method between the instructor and the students. Successful | ||||||
18 | completion of the course shall include achieving a passing | ||||||
19 | score as provided by rule on a test developed and administered | ||||||
20 | in accordance with rules adopted by the Department. No
license | ||||||
21 | may be renewed
except upon the successful completion of the | ||||||
22 | required courses or their
equivalent or upon a waiver
of those | ||||||
23 | requirements for good cause shown as determined by the | ||||||
24 | Secretary
with the
recommendation of the Advisory Council.
The | ||||||
25 | requirements of this Article are applicable to all managing | ||||||
26 | brokers , and brokers , and salespersons
except those managing |
| |||||||
| |||||||
1 | brokers
and brokers salespersons who, during the pre-renewal | ||||||
2 | period:
| ||||||
3 | (1) serve in the armed services of the United States;
| ||||||
4 | (2) serve as an elected State or federal official;
| ||||||
5 | (3) serve as a full-time employee of the Department; or
| ||||||
6 | (4) are admitted to practice law pursuant to Illinois | ||||||
7 | Supreme Court rule.
| ||||||
8 | (c) (Blank). A person licensed as a salesperson as of April | ||||||
9 | 30, 2011 shall not be required to complete the 18 hours of | ||||||
10 | continuing education for the pre-renewal period ending April | ||||||
11 | 30, 2012 if that person takes the 30-hour post-licensing course | ||||||
12 | to obtain a broker's license. A person licensed as a broker as | ||||||
13 | of April 30, 2011 shall not be required to complete the 12 | ||||||
14 | hours of broker management continuing education for the | ||||||
15 | pre-renewal period ending April 30, 2012, unless that person | ||||||
16 | passes the proficiency exam provided for in Section 5-47 of | ||||||
17 | this Act to qualify for a managing broker's license. | ||||||
18 | (d) A
person receiving an initial license
during the 90 | ||||||
19 | days before the renewal date shall not be
required to complete | ||||||
20 | the continuing
education courses provided for in subsection (b) | ||||||
21 | of this
Section as a condition of initial license renewal.
| ||||||
22 | (e) The continuing education requirement for salespersons, | ||||||
23 | brokers and managing brokers shall
consist of a core
curriculum | ||||||
24 | and an elective curriculum, to be established by the Advisory
| ||||||
25 | Council. In meeting the
continuing education requirements of | ||||||
26 | this Act, at least 3 hours per year or
their equivalent, 6 |
| |||||||
| |||||||
1 | hours for each two-year pre-renewal period, shall
be required | ||||||
2 | to be completed in the core curriculum.
In establishing the | ||||||
3 | core curriculum, the Advisory Council shall consider
subjects | ||||||
4 | that will
educate licensees on recent changes in applicable | ||||||
5 | laws and new laws and refresh
the licensee on areas
of the | ||||||
6 | license law and the Department policy that the Advisory Council | ||||||
7 | deems appropriate,
and any other
areas that the Advisory | ||||||
8 | Council deems timely and applicable in order to prevent
| ||||||
9 | violations of this Act
and to protect the public.
In | ||||||
10 | establishing the elective curriculum, the Advisory Council | ||||||
11 | shall consider
subjects that cover
the various aspects of the | ||||||
12 | practice of real estate that are covered under the
scope of | ||||||
13 | this Act.
However, the elective curriculum shall not include | ||||||
14 | any offerings referred to in
Section 5-85 of this Act.
| ||||||
15 | (f) The subject areas of continuing education courses | ||||||
16 | approved by the
Advisory Council may
include without limitation | ||||||
17 | the following:
| ||||||
18 | (1) license law and escrow;
| ||||||
19 | (2) antitrust;
| ||||||
20 | (3) fair housing;
| ||||||
21 | (4) agency;
| ||||||
22 | (5) appraisal;
| ||||||
23 | (6) property management;
| ||||||
24 | (7) residential brokerage;
| ||||||
25 | (8) farm property management;
| ||||||
26 | (9) rights and duties of sellers, buyers, and brokers;
|
| |||||||
| |||||||
1 | (10) commercial brokerage and leasing; and
| ||||||
2 | (11) real estate financing.
| ||||||
3 | (g) In lieu of credit for those courses listed in | ||||||
4 | subsection (f) of this
Section, credit may be
earned for | ||||||
5 | serving as a licensed instructor in an approved course of | ||||||
6 | continuing
education. The
amount of credit earned for teaching | ||||||
7 | a course shall be the amount of continuing
education credit for
| ||||||
8 | which the course is approved for licensees taking the course.
| ||||||
9 | (h) Credit hours may be earned for self-study programs | ||||||
10 | approved by the
Advisory Council.
| ||||||
11 | (i) A managing broker or broker salesperson may earn credit | ||||||
12 | for a specific continuing
education course only
once during the | ||||||
13 | prerenewal period.
| ||||||
14 | (j) No more than 6 hours of continuing education credit may | ||||||
15 | be taken or earned in one
calendar day.
| ||||||
16 | (k) To promote the offering of a uniform and consistent | ||||||
17 | course content, the Department may provide for the development | ||||||
18 | of a single broker management course to be offered by all | ||||||
19 | continuing education providers who choose to offer the broker | ||||||
20 | management continuing education course. The Department may | ||||||
21 | contract for the development of the 12-hour broker management | ||||||
22 | continuing education course with an outside vendor or | ||||||
23 | consultant and, if the course is developed in this manner, the | ||||||
24 | Department or the outside consultant shall license the use of | ||||||
25 | that course to all approved continuing education providers who | ||||||
26 | wish to provide the course.
|
| |||||||
| |||||||
1 | (l) Except as specifically provided in this Act, continuing | ||||||
2 | education credit hours may not be earned for completion of pre | ||||||
3 | or post-license courses. The approved 30-hour post-license | ||||||
4 | course for broker licensees shall satisfy the continuing | ||||||
5 | education requirement for the pre-renewal period in which the | ||||||
6 | course is taken. The approved 45-hour brokerage administration | ||||||
7 | and management course shall satisfy the 12-hour broker | ||||||
8 | management continuing education requirement for the | ||||||
9 | pre-renewal period in which the course is taken. | ||||||
10 | (Source: P.A. 97-1002, eff. 8-17-12; 98-531, eff. 8-23-13.)
| ||||||
11 | (225 ILCS 454/10-10)
| ||||||
12 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
13 | Sec. 10-10. Disclosure of compensation.
| ||||||
14 | (a) A licensee must disclose to a client the sponsoring | ||||||
15 | broker's
compensation and policy with
regard to cooperating | ||||||
16 | with brokers who represent other parties in a
transaction.
| ||||||
17 | (b) A licensee must disclose to a client all sources of | ||||||
18 | compensation related
to the transaction
received by the | ||||||
19 | licensee from a third party.
| ||||||
20 | (c) If a licensee refers a client to a third party in which | ||||||
21 | the licensee has
greater than a 1% ownership interest
or from | ||||||
22 | which the licensee receives or may receive dividends or other | ||||||
23 | profit
sharing distributions, other than a
publicly held or | ||||||
24 | traded company, for the purpose of the client obtaining
| ||||||
25 | services related to the transaction, then the
licensee shall |
| |||||||
| |||||||
1 | disclose that fact to the client at the time of making the
| ||||||
2 | referral.
| ||||||
3 | (d) If in any one transaction a sponsoring broker receives | ||||||
4 | compensation from
both the buyer
and seller or lessee and | ||||||
5 | lessor of real estate, the sponsoring broker shall
disclose in | ||||||
6 | writing to a
client the fact that the compensation is being | ||||||
7 | paid by both buyer and seller or
lessee and lessor.
| ||||||
8 | (e) Nothing in the Act shall prohibit the cooperation with | ||||||
9 | or a payment of
compensation to a
person not domiciled in this | ||||||
10 | State or country who is licensed as a real
estate broker in
his | ||||||
11 | or her state or country of domicile or to a resident of a | ||||||
12 | country
that does not require a person to be licensed to act as | ||||||
13 | a real estate broker if
the person complies with the laws of | ||||||
14 | the country in which that person resides
and practices there as | ||||||
15 | a real estate broker.
| ||||||
16 | (Source: P.A. 91-245, eff. 12-31-99; 92-217, eff. 8-2-01 .)
| ||||||
17 | (225 ILCS 454/10-15)
| ||||||
18 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
19 | Sec. 10-15. No compensation to persons in violation of Act; | ||||||
20 | compensation
to unlicensed
persons; consumer. | ||||||
21 | (a) No compensation may be paid to any unlicensed person in | ||||||
22 | exchange for the
person
performing licensed activities in | ||||||
23 | violation of this Act.
| ||||||
24 | (b) No action or suit shall be instituted, nor recovery | ||||||
25 | therein be had, in
any court of this State
by any person, |
| |||||||
| |||||||
1 | partnership, registered limited liability partnership, limited
| ||||||
2 | liability company, or
corporation for compensation for any act | ||||||
3 | done or service performed, the doing
or performing of
which is | ||||||
4 | prohibited by this Act to other than licensed managing brokers, | ||||||
5 | brokers, salespersons,
or leasing agents unless
the person, | ||||||
6 | partnership, registered limited liability partnership, limited
| ||||||
7 | liability company, or corporation was duly
licensed hereunder | ||||||
8 | as a managing broker,
broker, salesperson, or leasing agent | ||||||
9 | under this Act at the time that any such
act was done or | ||||||
10 | service
performed that would give rise to a cause of action for | ||||||
11 | compensation.
| ||||||
12 | (c) A licensee may offer compensation, including prizes, | ||||||
13 | merchandise,
services, rebates,
discounts, or other | ||||||
14 | consideration to an unlicensed person who is a party to a
| ||||||
15 | contract to buy or sell
real estate or is a party to a contract | ||||||
16 | for the lease of real estate, so long
as the offer complies | ||||||
17 | with
the provisions of subdivision (35) of subsection (a) of | ||||||
18 | Section 20-20 of this
Act.
| ||||||
19 | (d) A licensee may offer cash, gifts, prizes, awards, | ||||||
20 | coupons, merchandise,
rebates or chances
to win a game of | ||||||
21 | chance, if not prohibited by any other law or statute,
to a | ||||||
22 | consumer as an
inducement to that consumer to use the services | ||||||
23 | of the licensee even if the
licensee and consumer
do not | ||||||
24 | ultimately enter into a broker-client relationship so long as | ||||||
25 | the offer
complies with the
provisions of subdivision (35) of | ||||||
26 | subsection (a) of Section 20-20 of this Act.
|
| |||||||
| |||||||
1 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
2 | (225 ILCS 454/15-5)
| ||||||
3 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
4 | Sec. 15-5. Legislative intent.
| ||||||
5 | (a) The General Assembly finds that application of the | ||||||
6 | common law of agency
to the
relationships among managing real | ||||||
7 | estate brokers and brokers salespersons and consumers of real
| ||||||
8 | estate brokerage
services has resulted in misunderstandings | ||||||
9 | and consequences that have been
contrary to the best
interests | ||||||
10 | of the public. The General Assembly further finds that the real
| ||||||
11 | estate brokerage industry
has a significant impact upon the | ||||||
12 | economy of the State of Illinois and that it is in the best | ||||||
13 | interest of
the public to provide codification of the | ||||||
14 | relationships between managing real estate brokers and brokers | ||||||
15 | salespersons
and consumers of real estate brokerage services in | ||||||
16 | order to prevent detrimental misunderstandings
and | ||||||
17 | misinterpretations of the relationships by consumers, managing | ||||||
18 | real estate brokers, and brokers salespersons and
thus promote | ||||||
19 | and provide stability in the real estate market. This Article | ||||||
20 | 15
is enacted to govern the
relationships between consumers of | ||||||
21 | real estate brokerage services and managing real
estate brokers | ||||||
22 | and brokers
salespersons to the extent not governed by an | ||||||
23 | individual written
agreement between a
sponsoring broker and a | ||||||
24 | consumer, providing that
there is a relationship other than | ||||||
25 | designated agency.
This
Article 15 applies to
the exclusion of |
| |||||||
| |||||||
1 | the common law concepts of principal and agent and to the
| ||||||
2 | fiduciary duties, which
have been applied to managing real | ||||||
3 | estate brokers, brokers salespersons , and real estate
| ||||||
4 | brokerage services.
| ||||||
5 | (b) The General Assembly further finds that this Article 15 | ||||||
6 | is not intended
to
prescribe or affect
contractual | ||||||
7 | relationships between managing brokers and real estate brokers | ||||||
8 | and the broker's
affiliated licensees.
| ||||||
9 | (c) This Article 15 may serve as a basis for private rights | ||||||
10 | of action and
defenses by sellers, buyers,
landlords, tenants, | ||||||
11 | managing brokers, and real estate brokers , and real estate | ||||||
12 | salespersons . The
private rights of action,
however, do not | ||||||
13 | extend to the provisions of any other Articles
of this
Act.
| ||||||
14 | (Source: P.A. 91-245, eff. 12-31-99 .)
| ||||||
15 | (225 ILCS 454/20-10)
| ||||||
16 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
17 | Sec. 20-10. Unlicensed practice; civil penalty.
| ||||||
18 | (a) Any person who practices, offers to practice, attempts | ||||||
19 | to practice, or
holds oneself out to
practice as a managing | ||||||
20 | real estate broker, broker real estate salesperson , or leasing | ||||||
21 | agent
without being licensed under
this Act shall, in addition | ||||||
22 | to any other penalty provided by law, pay a civil penalty
to | ||||||
23 | the Department in an
amount not to exceed $25,000 for each | ||||||
24 | offense as determined by the Department. The civil penalty
| ||||||
25 | shall be
assessed by the Department after a hearing is held in |
| |||||||
| |||||||
1 | accordance with the provisions set
forth in this Act
regarding | ||||||
2 | the provision of a hearing for the discipline of a license.
| ||||||
3 | (b) The Department has the authority and power to | ||||||
4 | investigate any and all unlicensed
activity.
| ||||||
5 | (c) The civil penalty shall be paid within 60 days after | ||||||
6 | the effective date of
the order imposing the
civil penalty. The | ||||||
7 | order shall constitute a judgment and may be filed and
| ||||||
8 | execution had thereon in the
same manner from any court of | ||||||
9 | record.
| ||||||
10 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
11 | (225 ILCS 454/20-20)
| ||||||
12 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
13 | Sec. 20-20. Grounds for discipline. | ||||||
14 | (a) The Department may refuse to issue or renew a license, | ||||||
15 | may place on probation, suspend,
or
revoke any
license, | ||||||
16 | reprimand, or take any other disciplinary or non-disciplinary | ||||||
17 | action as the Department may deem proper and impose a
fine not | ||||||
18 | to exceed
$25,000 upon any licensee or applicant under this Act | ||||||
19 | or any person who holds himself or herself out as an applicant | ||||||
20 | or licensee or against a licensee in handling his or her own | ||||||
21 | property, whether held by deed, option, or otherwise, for any | ||||||
22 | one or any combination of the
following causes:
| ||||||
23 | (1) Fraud or misrepresentation in applying for, or | ||||||
24 | procuring, a license under this Act or in connection with | ||||||
25 | applying for renewal of a license under this Act.
|
| |||||||
| |||||||
1 | (2) The conviction of or plea of guilty or plea of nolo | ||||||
2 | contendere to a felony or misdemeanor in this State or any | ||||||
3 | other jurisdiction; or the entry of an administrative | ||||||
4 | sanction by a government agency in this State or any other | ||||||
5 | jurisdiction. Action taken under this paragraph (2) for a | ||||||
6 | misdemeanor or an administrative sanction is limited to a | ||||||
7 | misdemeanor or administrative sanction that has as an
| ||||||
8 | essential element dishonesty or fraud or involves larceny, | ||||||
9 | embezzlement,
or obtaining money, property, or credit by | ||||||
10 | false pretenses or by means of a
confidence
game.
| ||||||
11 | (3) Inability to practice the profession with | ||||||
12 | reasonable judgment, skill, or safety as a result of a | ||||||
13 | physical illness, including, but not limited to, | ||||||
14 | deterioration through the aging process or loss of motor | ||||||
15 | skill, or a mental illness or disability.
| ||||||
16 | (4) Practice under this Act as a licensee in a retail | ||||||
17 | sales establishment from an office, desk, or space that
is | ||||||
18 | not
separated from the main retail business by a separate | ||||||
19 | and distinct area within
the
establishment.
| ||||||
20 | (5) Having been disciplined by another state, the | ||||||
21 | District of Columbia, a territory, a foreign nation, or a | ||||||
22 | governmental agency authorized to impose discipline if at | ||||||
23 | least one of the grounds for that discipline is the same as | ||||||
24 | or
the
equivalent of one of the grounds for which a | ||||||
25 | licensee may be disciplined under this Act. A certified | ||||||
26 | copy of the record of the action by the other state or |
| |||||||
| |||||||
1 | jurisdiction shall be prima facie evidence thereof.
| ||||||
2 | (6) Engaging in the practice of real estate brokerage
| ||||||
3 | without a
license or after the licensee's license was | ||||||
4 | expired or while the license was
inoperative.
| ||||||
5 | (7) Cheating on or attempting to subvert the Real
| ||||||
6 | Estate License Exam or continuing education exam. | ||||||
7 | (8) Aiding or abetting an applicant
to
subvert or cheat | ||||||
8 | on the Real Estate License Exam or continuing education | ||||||
9 | exam
administered pursuant to this Act.
| ||||||
10 | (9) Advertising that is inaccurate, misleading, or | ||||||
11 | contrary to the provisions of the Act.
| ||||||
12 | (10) Making any substantial misrepresentation or | ||||||
13 | untruthful advertising.
| ||||||
14 | (11) Making any false promises of a character likely to | ||||||
15 | influence,
persuade,
or induce.
| ||||||
16 | (12) Pursuing a continued and flagrant course of | ||||||
17 | misrepresentation or the
making
of false promises through | ||||||
18 | licensees, employees, agents, advertising, or
otherwise.
| ||||||
19 | (13) Any misleading or untruthful advertising, or | ||||||
20 | using any trade name or
insignia of membership in any real | ||||||
21 | estate organization of which the licensee is
not a member.
| ||||||
22 | (14) Acting for more than one party in a transaction | ||||||
23 | without providing
written
notice to all parties for whom | ||||||
24 | the licensee acts.
| ||||||
25 | (15) Representing or attempting to represent a broker | ||||||
26 | other than the
sponsoring broker.
|
| |||||||
| |||||||
1 | (16) Failure to account for or to remit any moneys or | ||||||
2 | documents coming into
his or her possession that belong to | ||||||
3 | others.
| ||||||
4 | (17) Failure to maintain and deposit in a special | ||||||
5 | account, separate and
apart from
personal and other | ||||||
6 | business accounts, all escrow moneys belonging to others
| ||||||
7 | entrusted to a licensee
while acting as a real estate | ||||||
8 | broker, escrow agent, or temporary custodian of
the funds | ||||||
9 | of others or
failure to maintain all escrow moneys on | ||||||
10 | deposit in the account until the
transactions are
| ||||||
11 | consummated or terminated, except to the extent that the | ||||||
12 | moneys, or any part
thereof, shall be: | ||||||
13 | (A)
disbursed prior to the consummation or | ||||||
14 | termination (i) in accordance with
the
written | ||||||
15 | direction of
the principals to the transaction or their | ||||||
16 | duly authorized agents, (ii) in accordance with
| ||||||
17 | directions providing for the
release, payment, or | ||||||
18 | distribution of escrow moneys contained in any written
| ||||||
19 | contract signed by the
principals to the transaction or | ||||||
20 | their duly authorized agents,
or (iii)
pursuant to an | ||||||
21 | order of a court of competent
jurisdiction; or | ||||||
22 | (B) deemed abandoned and transferred to the Office | ||||||
23 | of the State Treasurer to be handled as unclaimed | ||||||
24 | property pursuant to the Uniform Disposition of | ||||||
25 | Unclaimed Property Act. Escrow moneys may be deemed | ||||||
26 | abandoned under this subparagraph (B) only: (i) in the |
| |||||||
| |||||||
1 | absence of disbursement under subparagraph (A); (ii) | ||||||
2 | in the absence of notice of the filing of any claim in | ||||||
3 | a court of competent jurisdiction; and (iii) if 6 | ||||||
4 | months have elapsed after the receipt of a written | ||||||
5 | demand for the escrow moneys from one of the principals | ||||||
6 | to the transaction or the principal's duly authorized | ||||||
7 | agent.
| ||||||
8 | The account
shall be noninterest
bearing, unless the | ||||||
9 | character of the deposit is such that payment of interest
| ||||||
10 | thereon is otherwise
required by law or unless the | ||||||
11 | principals to the transaction specifically
require, in | ||||||
12 | writing, that the
deposit be placed in an interest bearing | ||||||
13 | account.
| ||||||
14 | (18) Failure to make available to the Department all | ||||||
15 | escrow records and related documents
maintained in | ||||||
16 | connection
with the practice of real estate within 24 hours | ||||||
17 | of a request for those
documents by Department personnel.
| ||||||
18 | (19) Failing to furnish copies upon request of | ||||||
19 | documents relating to a
real
estate transaction to a party | ||||||
20 | who has executed that document.
| ||||||
21 | (20) Failure of a sponsoring broker to timely provide | ||||||
22 | information, sponsor
cards,
or termination of licenses to | ||||||
23 | the Department.
| ||||||
24 | (21) Engaging in dishonorable, unethical, or | ||||||
25 | unprofessional conduct of a
character
likely to deceive, | ||||||
26 | defraud, or harm the public.
|
| |||||||
| |||||||
1 | (22) Commingling the money or property of others with | ||||||
2 | his or her own money or property.
| ||||||
3 | (23) Employing any person on a purely temporary or | ||||||
4 | single deal basis as a
means
of evading the law regarding | ||||||
5 | payment of commission to nonlicensees on some
contemplated
| ||||||
6 | transactions.
| ||||||
7 | (24) Permitting the use of his or her license as a | ||||||
8 | broker to enable a
leasing agent salesperson or
unlicensed | ||||||
9 | person to operate a real estate business without actual
| ||||||
10 | participation therein and control
thereof by the broker.
| ||||||
11 | (25) Any other conduct, whether of the same or a | ||||||
12 | different character from
that
specified in this Section, | ||||||
13 | that constitutes dishonest dealing.
| ||||||
14 | (26) Displaying a "for rent" or "for sale" sign on any | ||||||
15 | property without
the written
consent of an owner or his or | ||||||
16 | her duly authorized agent or advertising by any
means that | ||||||
17 | any property is
for sale or for rent without the written | ||||||
18 | consent of the owner or his or her
authorized agent.
| ||||||
19 | (27) Failing to provide information requested by the | ||||||
20 | Department, or otherwise respond to that request, within 30 | ||||||
21 | days of
the
request.
| ||||||
22 | (28) Advertising by means of a blind advertisement, | ||||||
23 | except as otherwise
permitted in Section 10-30 of this Act.
| ||||||
24 | (29) Offering guaranteed sales plans, as defined in | ||||||
25 | clause (A) of
this subdivision (29), except to
the extent | ||||||
26 | hereinafter set forth:
|
| |||||||
| |||||||
1 | (A) A "guaranteed sales plan" is any real estate | ||||||
2 | purchase or sales plan
whereby a licensee enters into a | ||||||
3 | conditional or unconditional written contract
with a | ||||||
4 | seller, prior to entering into a brokerage agreement | ||||||
5 | with the seller, by the
terms of which a licensee | ||||||
6 | agrees to purchase a property of the seller within a
| ||||||
7 | specified period of time
at a specific price in the | ||||||
8 | event the property is not sold in accordance with
the | ||||||
9 | terms of a brokerage agreement to be entered into | ||||||
10 | between the sponsoring broker and the seller.
| ||||||
11 | (B) A licensee offering a guaranteed sales plan | ||||||
12 | shall provide the
details
and conditions of the plan in | ||||||
13 | writing to the party to whom the plan is
offered.
| ||||||
14 | (C) A licensee offering a guaranteed sales plan | ||||||
15 | shall provide to the
party
to whom the plan is offered | ||||||
16 | evidence of sufficient financial resources to
satisfy | ||||||
17 | the commitment to
purchase undertaken by the broker in | ||||||
18 | the plan.
| ||||||
19 | (D) Any licensee offering a guaranteed sales plan | ||||||
20 | shall undertake to
market the property of the seller | ||||||
21 | subject to the plan in the same manner in
which the | ||||||
22 | broker would
market any other property, unless the | ||||||
23 | agreement with the seller provides
otherwise.
| ||||||
24 | (E) The licensee cannot purchase seller's property | ||||||
25 | until the brokerage agreement has ended according to | ||||||
26 | its terms or is otherwise terminated. |
| |||||||
| |||||||
1 | (F) Any licensee who fails to perform on a | ||||||
2 | guaranteed sales plan in
strict accordance with its | ||||||
3 | terms shall be subject to all the penalties provided
in | ||||||
4 | this Act for
violations thereof and, in addition, shall | ||||||
5 | be subject to a civil fine payable
to the party injured | ||||||
6 | by the
default in an amount of up to $25,000.
| ||||||
7 | (30) Influencing or attempting to influence, by any | ||||||
8 | words or acts, a
prospective
seller, purchaser, occupant, | ||||||
9 | landlord, or tenant of real estate, in connection
with | ||||||
10 | viewing, buying, or
leasing real estate, so as to promote | ||||||
11 | or tend to promote the continuance
or maintenance of
| ||||||
12 | racially and religiously segregated housing or so as to | ||||||
13 | retard, obstruct, or
discourage racially
integrated | ||||||
14 | housing on or in any street, block, neighborhood, or | ||||||
15 | community.
| ||||||
16 | (31) Engaging in any act that constitutes a violation | ||||||
17 | of any provision of
Article 3 of the Illinois Human Rights | ||||||
18 | Act, whether or not a complaint has
been filed with or
| ||||||
19 | adjudicated by the Human Rights Commission.
| ||||||
20 | (32) Inducing any party to a contract of sale or lease | ||||||
21 | or brokerage
agreement to
break the contract of sale or | ||||||
22 | lease or brokerage agreement for the purpose of
| ||||||
23 | substituting, in lieu
thereof, a new contract for sale or | ||||||
24 | lease or brokerage agreement with a third
party.
| ||||||
25 | (33) Negotiating a sale, exchange, or lease of real | ||||||
26 | estate directly with
any person
if the licensee knows that |
| |||||||
| |||||||
1 | the person has an exclusive brokerage
agreement with | ||||||
2 | another
broker, unless specifically authorized by that | ||||||
3 | broker.
| ||||||
4 | (34) When a licensee is also an attorney, acting as the | ||||||
5 | attorney for
either the
buyer or the seller in the same | ||||||
6 | transaction in which the licensee is acting or
has acted as | ||||||
7 | a managing broker
or broker salesperson .
| ||||||
8 | (35) Advertising or offering merchandise or services | ||||||
9 | as free if any
conditions or
obligations necessary for | ||||||
10 | receiving the merchandise or services are not
disclosed in | ||||||
11 | the same
advertisement or offer. These conditions or | ||||||
12 | obligations include without
limitation the
requirement | ||||||
13 | that the recipient attend a promotional activity or visit a | ||||||
14 | real
estate site. As used in this
subdivision (35), "free" | ||||||
15 | includes terms such as "award", "prize", "no charge",
"free | ||||||
16 | of charge",
"without charge", and similar words or phrases | ||||||
17 | that reasonably lead a person to
believe that he or she
may | ||||||
18 | receive or has been selected to receive something of value, | ||||||
19 | without any
conditions or
obligations on the part of the | ||||||
20 | recipient.
| ||||||
21 | (36) Disregarding or violating any provision of the | ||||||
22 | Land Sales
Registration Act of 1989, the Illinois Real | ||||||
23 | Estate
Time-Share Act, or the published rules promulgated | ||||||
24 | by the Department to enforce
those Acts.
| ||||||
25 | (37) Violating the terms of a disciplinary order
issued | ||||||
26 | by the Department.
|
| |||||||
| |||||||
1 | (38) Paying or failing to disclose compensation in | ||||||
2 | violation of Article 10 of this Act.
| ||||||
3 | (39) Requiring a party to a transaction who is not a | ||||||
4 | client of the
licensee
to allow the licensee to retain a | ||||||
5 | portion of the escrow moneys for payment of
the licensee's | ||||||
6 | commission or expenses as a condition for release of the | ||||||
7 | escrow
moneys to that party.
| ||||||
8 | (40) Disregarding or violating any provision of this | ||||||
9 | Act or the published
rules
promulgated by the Department to | ||||||
10 | enforce this Act or aiding or abetting any individual,
| ||||||
11 | partnership, registered limited liability partnership, | ||||||
12 | limited liability
company, or corporation in
disregarding | ||||||
13 | any provision of this Act or the published rules | ||||||
14 | promulgated by the Department
to enforce this Act.
| ||||||
15 | (41) Failing to provide the minimum services required | ||||||
16 | by Section 15-75 of this Act when acting under an exclusive | ||||||
17 | brokerage agreement.
| ||||||
18 | (42) Habitual or excessive use or addiction to alcohol, | ||||||
19 | narcotics, stimulants, or any other chemical agent or drug | ||||||
20 | that results in a managing broker, broker, salesperson, or | ||||||
21 | leasing agent's inability to practice with reasonable | ||||||
22 | skill or safety. | ||||||
23 | (43) Enabling, aiding, or abetting an auctioneer, as | ||||||
24 | defined in the Auction License Act, to conduct a real | ||||||
25 | estate auction in a manner that is in violation of this | ||||||
26 | Act. |
| |||||||
| |||||||
1 | (b) The Department may refuse to issue or renew or may | ||||||
2 | suspend the license of any person who fails to file a return, | ||||||
3 | pay the tax, penalty or interest shown in a filed return, or | ||||||
4 | pay any final assessment of tax, penalty, or interest, as | ||||||
5 | required by any tax Act administered by the Department of | ||||||
6 | Revenue, until such time as the requirements of that tax Act | ||||||
7 | are satisfied in accordance with subsection (g) of Section | ||||||
8 | 2105-15 of the Civil Administrative Code of Illinois. | ||||||
9 | (c) The Department shall deny a license or renewal | ||||||
10 | authorized by this Act to a person who has defaulted on an | ||||||
11 | educational loan or scholarship provided or guaranteed by the | ||||||
12 | Illinois Student Assistance Commission or any governmental | ||||||
13 | agency of this State in accordance with item (5) of subsection | ||||||
14 | (a) of Section 2105-15 of the Civil Administrative Code of | ||||||
15 | Illinois. | ||||||
16 | (d) In cases where the Department of Healthcare and Family | ||||||
17 | Services (formerly Department of Public Aid) has previously | ||||||
18 | determined that a licensee or a potential licensee is more than | ||||||
19 | 30 days delinquent in the payment of child support and has | ||||||
20 | subsequently certified the delinquency to the Department may | ||||||
21 | refuse to issue or renew or may revoke or suspend that person's | ||||||
22 | license or may take other disciplinary action against that | ||||||
23 | person based solely upon the certification of delinquency made | ||||||
24 | by the Department of Healthcare and Family Services in | ||||||
25 | accordance with item (5) of subsection (a) of Section 2105-15 | ||||||
26 | of the Civil Administrative Code of Illinois. |
| |||||||
| |||||||
1 | (e) In enforcing this Section, the Department or Board upon | ||||||
2 | a showing of a possible violation may compel an individual | ||||||
3 | licensed to practice under this Act, or who has applied for | ||||||
4 | licensure under this Act, to submit to a mental or physical | ||||||
5 | examination, or both, as required by and at the expense of the | ||||||
6 | Department. The Department or Board may order the examining | ||||||
7 | physician to present testimony concerning the mental or | ||||||
8 | physical examination of the licensee or applicant. No | ||||||
9 | information shall be excluded by reason of any common law or | ||||||
10 | statutory privilege relating to communications between the | ||||||
11 | licensee or applicant and the examining physician. The | ||||||
12 | examining physicians shall be specifically designated by the | ||||||
13 | Board or Department. The individual to be examined may have, at | ||||||
14 | his or her own expense, another physician of his or her choice | ||||||
15 | present during all aspects of this examination. Failure of an | ||||||
16 | individual to submit to a mental or physical examination, when | ||||||
17 | directed, shall be grounds for suspension of his or her license | ||||||
18 | until the individual submits to the examination if the | ||||||
19 | Department finds, after notice and hearing, that the refusal to | ||||||
20 | submit to the examination was without reasonable cause. | ||||||
21 | If the Department or Board finds an individual unable to | ||||||
22 | practice because of the reasons set forth in this Section, the | ||||||
23 | Department or Board may require that individual to submit to | ||||||
24 | care, counseling, or treatment by physicians approved or | ||||||
25 | designated by the Department or Board, as a condition, term, or | ||||||
26 | restriction for continued, reinstated, or renewed licensure to |
| |||||||
| |||||||
1 | practice; or, in lieu of care, counseling, or treatment, the | ||||||
2 | Department may file, or the Board may recommend to the | ||||||
3 | Department to file, a complaint to immediately suspend, revoke, | ||||||
4 | or otherwise discipline the license of the individual. An | ||||||
5 | individual whose license was granted, continued, reinstated, | ||||||
6 | renewed, disciplined or supervised subject to such terms, | ||||||
7 | conditions, or restrictions, and who fails to comply with such | ||||||
8 | terms, conditions, or restrictions, shall be referred to the | ||||||
9 | Secretary for a determination as to whether the individual | ||||||
10 | shall have his or her license suspended immediately, pending a | ||||||
11 | hearing by the Department. | ||||||
12 | In instances in which the Secretary immediately suspends a | ||||||
13 | person's license under this Section, a hearing on that person's | ||||||
14 | license must be convened by the Department within 30 days after | ||||||
15 | the suspension and completed without appreciable delay. The | ||||||
16 | Department and Board shall have the authority to review the | ||||||
17 | subject individual's record of treatment and counseling | ||||||
18 | regarding the impairment to the extent permitted by applicable | ||||||
19 | federal statutes and regulations safeguarding the | ||||||
20 | confidentiality of medical records. | ||||||
21 | An individual licensed under this Act and affected under | ||||||
22 | this Section shall be afforded an opportunity to demonstrate to | ||||||
23 | the Department or Board that he or she can resume practice in | ||||||
24 | compliance with acceptable and prevailing standards under the | ||||||
25 | provisions of his or her license. | ||||||
26 | (Source: P.A. 97-813, eff. 7-13-12; 97-1002, eff. 8-17-12; |
| |||||||
| |||||||
1 | 98-553, eff. 1-1-14; 98-756, eff. 7-16-14.)
| ||||||
2 | (225 ILCS 454/20-21) | ||||||
3 | (Section scheduled to be repealed on January 1, 2020) | ||||||
4 | Sec. 20-21. Injunctions; cease and desist order. | ||||||
5 | (a) If any person violates the provisions of this Act, the | ||||||
6 | Secretary may, in the name of the People of the State of | ||||||
7 | Illinois, through the Attorney General of the State of Illinois | ||||||
8 | or the State's Attorney for any county in which the action is | ||||||
9 | brought, petition for an order enjoining the violation or for | ||||||
10 | an order enforcing compliance with this Act. Upon the filing of | ||||||
11 | a verified petition in court, the court may issue a temporary | ||||||
12 | restraining order, without notice or condition, and may | ||||||
13 | preliminarily and permanently enjoin the violation. If it is | ||||||
14 | established that the person has violated or is violating the | ||||||
15 | injunction, the Court may punish the offender for contempt of | ||||||
16 | court. Proceedings under this Section shall be in addition to, | ||||||
17 | and not in lieu of, all other remedies and penalties provided | ||||||
18 | by this Act. | ||||||
19 | (b) Whenever in the opinion of the Department a person | ||||||
20 | violates a provision of this Act, the Department may issue a | ||||||
21 | ruling to show cause why an order to cease and desist should | ||||||
22 | not be entered against that person. The rule shall clearly set | ||||||
23 | forth the grounds relied upon by the Department and shall allow | ||||||
24 | at least 7 days from the date of the rule to file an answer to | ||||||
25 | the satisfaction of the Department. Failure to answer to the |
| |||||||
| |||||||
1 | satisfaction of the Department shall cause an order to cease | ||||||
2 | and desist to be issued immediately. | ||||||
3 | (c) Other than as provided in Section 5-20 of this Act, if | ||||||
4 | any person practices as a managing real estate broker, broker, | ||||||
5 | real estate salesperson or leasing agent or holds himself or | ||||||
6 | herself out as a licensed sponsoring broker, managing broker, | ||||||
7 | real estate broker, real estate salesperson or leasing agent | ||||||
8 | under this Act without being issued a valid existing license by | ||||||
9 | the Department, then any licensed sponsoring broker, managing | ||||||
10 | broker, real estate broker, real estate salesperson, leasing | ||||||
11 | agent, any interested party, or any person injured thereby may, | ||||||
12 | in addition to the Secretary, petition for relief as provided | ||||||
13 | in subsection (a) of this Section.
| ||||||
14 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
15 | (225 ILCS 454/20-22) | ||||||
16 | (Section scheduled to be repealed on January 1, 2020) | ||||||
17 | Sec. 20-22. Violations. Any person who is found working or | ||||||
18 | acting as a managing broker, real estate broker, real estate | ||||||
19 | salesperson, or leasing agent or holding himself or herself out | ||||||
20 | as a licensed sponsoring broker, managing broker, real estate | ||||||
21 | broker, real estate salesperson, or leasing agent without being | ||||||
22 | issued a valid existing license is guilty of a Class A | ||||||
23 | misdemeanor and on conviction of a second or subsequent offense | ||||||
24 | the violator shall be guilty of a Class 4 felony.
| ||||||
25 | (Source: P.A. 96-856, eff. 12-31-09.)
|
| |||||||
| |||||||
1 | (225 ILCS 454/20-85)
| ||||||
2 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
3 | Sec. 20-85. Recovery from Real Estate Recovery Fund. The | ||||||
4 | Department shall maintain a Real Estate Recovery Fund from | ||||||
5 | which any person aggrieved
by an act,
representation, | ||||||
6 | transaction, or conduct of a licensee or unlicensed employee of
| ||||||
7 | a licensee that is
in violation of this Act or the rules | ||||||
8 | promulgated pursuant thereto,
constitutes
embezzlement of | ||||||
9 | money or property, or results in money or property being
| ||||||
10 | unlawfully obtained
from any person by false pretenses, | ||||||
11 | artifice, trickery, or forgery or by reason
of any fraud,
| ||||||
12 | misrepresentation, discrimination, or deceit by or on the part | ||||||
13 | of any such
licensee or the unlicensed
employee of a licensee | ||||||
14 | and that results in a loss of actual cash money, as
opposed to | ||||||
15 | losses in
market value, rent, or security deposits, may | ||||||
16 | recover. The aggrieved person may recover, by a post-judgment | ||||||
17 | order of the
circuit court of the
county where the violation | ||||||
18 | occurred in a proceeding described in Section 20-90 of this | ||||||
19 | Act, an amount of not more than $25,000 from
the Fund for
| ||||||
20 | damages sustained by the act, representation, transaction, or | ||||||
21 | conduct, together
with costs of suit and
attorney's fees | ||||||
22 | incurred in connection therewith of not to exceed 15% of the
| ||||||
23 | amount of the recovery
ordered paid from the Fund. However, no | ||||||
24 | person licensee may
recover from the
Fund unless the court | ||||||
25 | finds that the person suffered a loss resulting from
|
| |||||||
| |||||||
1 | intentional misconduct.
The post-judgment order shall not | ||||||
2 | include interest on the judgment.
The maximum liability against | ||||||
3 | the Fund arising out of any one act shall be as
provided in | ||||||
4 | this
Section, and the post-judgment order shall spread the | ||||||
5 | award equitably among all
co-owners or otherwise
aggrieved | ||||||
6 | persons, if any. The maximum liability against the Fund arising | ||||||
7 | out
of the activities of
any one licensee or one unlicensed | ||||||
8 | employee of a licensee, since January 1,
1974, shall be | ||||||
9 | $100,000.
Nothing in this Section shall be construed to | ||||||
10 | authorize recovery from the Fund
unless the loss of the | ||||||
11 | aggrieved person results from an act or omission of a licensee | ||||||
12 | under this Act
who was at the time of the act or omission
| ||||||
13 | acting in such
capacity or was apparently acting in such | ||||||
14 | capacity or their unlicensed employee and unless the aggrieved
| ||||||
15 | person has obtained a
valid judgment and post-judgment order of | ||||||
16 | the court as provided for in Section 20-90 of this Act.
No | ||||||
17 | person aggrieved by an act, representation, or transaction that | ||||||
18 | is in
violation of the Illinois
Real Estate Time-Share Act or | ||||||
19 | the Land Sales Registration Act of 1989 may
recover from the
| ||||||
20 | Fund.
| ||||||
21 | (Source: P.A. 96-856, eff. 12-31-09; 97-1002, eff. 8-17-12.)
| ||||||
22 | (225 ILCS 454/25-10)
| ||||||
23 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
24 | Sec. 25-10. Real Estate Administration and Disciplinary
| ||||||
25 | Board;
duties.
There is created the Real Estate Administration |
| |||||||
| |||||||
1 | and Disciplinary Board.
The Board shall be composed of 9 | ||||||
2 | persons appointed by the Governor. Members
shall be
appointed | ||||||
3 | to the Board subject to the following conditions:
| ||||||
4 | (1) All members shall have been residents and citizens | ||||||
5 | of this State for
at least 6 years
prior to the date of | ||||||
6 | appointment.
| ||||||
7 | (2) Six members shall have been actively engaged as | ||||||
8 | managing brokers or
brokers salespersons or both for
at | ||||||
9 | least the 10 years prior to the appointment.
| ||||||
10 | (3) Three members of the Board shall be public members | ||||||
11 | who represent
consumer
interests.
| ||||||
12 | None of these members shall be (i) a person who is licensed | ||||||
13 | under this
Act or a similar Act of another jurisdiction, (ii) | ||||||
14 | the spouse or family member of a licensee, (iii) a person who | ||||||
15 | has an ownership interest in a
real estate brokerage
business, | ||||||
16 | or (iv) a person the Department determines to have any other | ||||||
17 | connection with a real estate brokerage business or a licensee.
| ||||||
18 | The members' terms shall be 4 years or until their successor is | ||||||
19 | appointed, and the expiration of their terms shall be
| ||||||
20 | staggered.
Appointments to fill vacancies shall be for the | ||||||
21 | unexpired portion of the term.
The membership of the Board | ||||||
22 | should reasonably reflect the geographic
distribution of the | ||||||
23 | licensee
population in this State. In making the appointments, | ||||||
24 | the Governor shall give
due consideration
to the | ||||||
25 | recommendations by members and organizations of the | ||||||
26 | profession.
The Governor may terminate the appointment of any |
| |||||||
| |||||||
1 | member for cause that in the
opinion of the
Governor reasonably | ||||||
2 | justifies the termination. Cause for termination shall
include | ||||||
3 | without limitation
misconduct, incapacity, neglect of duty, or | ||||||
4 | missing 4 board meetings during any
one
calendar year.
Each | ||||||
5 | member of the Board may receive a per diem stipend in an amount | ||||||
6 | to be
determined by the Secretary. Each member shall be paid | ||||||
7 | his or her necessary expenses while
engaged in the
performance | ||||||
8 | of his or her duties. Such compensation and expenses shall be | ||||||
9 | paid
out of the Real Estate
License Administration Fund.
The | ||||||
10 | Secretary shall consider the recommendations of the Board on | ||||||
11 | questions
involving
standards of professional conduct, | ||||||
12 | discipline, and examination of candidates
under this Act. The | ||||||
13 | Department, after notifying and considering the | ||||||
14 | recommendations of the Board, if any,
may issue rules,
| ||||||
15 | consistent with the provisions of this Act, for the | ||||||
16 | administration and
enforcement thereof and may
prescribe forms | ||||||
17 | that shall be used in connection therewith. Five Board members | ||||||
18 | shall constitute a quorum. A quorum is required for all Board | ||||||
19 | decisions.
| ||||||
20 | (Source: P.A. 98-1109, eff. 1-1-15 .)
| ||||||
21 | (225 ILCS 454/25-25)
| ||||||
22 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
23 | Sec. 25-25. Real Estate Research and Education Fund. A | ||||||
24 | special fund to be known as the Real Estate Research and | ||||||
25 | Education Fund is
created and shall be
held in trust in the |
| |||||||
| |||||||
1 | State Treasury. Annually, on September 15th, the State
| ||||||
2 | Treasurer shall cause a
transfer of $125,000 to the Real Estate | ||||||
3 | Research and Education Fund from the
Real Estate License
| ||||||
4 | Administration Fund. The Real Estate Research and Education | ||||||
5 | Fund shall be
administered by
the Department. Money deposited | ||||||
6 | in the Real Estate Research and Education Fund may be
used for | ||||||
7 | research and
education at state
institutions of higher | ||||||
8 | education or other organizations for research and the
| ||||||
9 | advancement of
education in the real estate industry.
Of the | ||||||
10 | $125,000 annually transferred into the Real Estate Research and
| ||||||
11 | Education Fund, $15,000
shall be used to fund a scholarship | ||||||
12 | program for persons of minority racial
origin who wish to
| ||||||
13 | pursue a course of study in the field of real estate. For the | ||||||
14 | purposes of this
Section, "course of
study" means a course or | ||||||
15 | courses that are part of a program of courses in the
field of | ||||||
16 | real estate
designed to further an individual's knowledge or | ||||||
17 | expertise in the field of real
estate. These courses
shall | ||||||
18 | include without limitation courses that a salesperson licensed | ||||||
19 | under this
Act must
complete to qualify for a real estate | ||||||
20 | broker's license, courses that a broker licensed under this Act | ||||||
21 | must complete to qualify for a managing broker's license, | ||||||
22 | courses required to
obtain the Graduate
Realtors Institute | ||||||
23 | designation, and any other courses or programs offered by
| ||||||
24 | accredited colleges,
universities, or other institutions of | ||||||
25 | higher education in Illinois. The
scholarship program shall be
| ||||||
26 | administered by the Department or its designee.
Moneys in the |
| |||||||
| |||||||
1 | Real Estate Research and Education Fund may be invested and
| ||||||
2 | reinvested in the
same manner as funds in the Real Estate | ||||||
3 | Recovery Fund and all earnings,
interest, and dividends
| ||||||
4 | received from such investments shall be deposited in the Real | ||||||
5 | Estate Research
and Education Fund
and may be used for the same | ||||||
6 | purposes as moneys transferred to the Real Estate
Research and | ||||||
7 | Education Fund. Moneys in the Real Estate Research and | ||||||
8 | Education Fund may be transferred to the Professions Indirect | ||||||
9 | Cost Fund as authorized under Section 2105-300 of the | ||||||
10 | Department of Professional Regulation Law of the Civil | ||||||
11 | Administrative Code of Illinois.
| ||||||
12 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
13 | (225 ILCS 454/30-15)
| ||||||
14 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
15 | Sec. 30-15. Licensing of continuing education schools; | ||||||
16 | approval of
courses. | ||||||
17 | (a) Only continuing education schools in possession of a | ||||||
18 | valid continuing
education
school license
may provide real | ||||||
19 | estate continuing education courses that will satisfy the
| ||||||
20 | requirements of this
Act. Pre-license schools licensed to offer | ||||||
21 | pre-license education courses for
salespersons, brokers and
| ||||||
22 | managing brokers shall qualify for a continuing education | ||||||
23 | school license upon completion
of an application
and the | ||||||
24 | submission of the required fee. Every entity that desires to | ||||||
25 | obtain a
continuing education
school license shall make |
| |||||||
| |||||||
1 | application to the Department in writing in forms prescribed by | ||||||
2 | the Department
and pay
the fee prescribed by rule. In addition | ||||||
3 | to any other information required to
be contained in the
| ||||||
4 | application, every application for an original or renewed | ||||||
5 | license shall include
the applicant's Social
Security number.
| ||||||
6 | (b) The criteria for a continuing education license
shall | ||||||
7 | include the
following:
| ||||||
8 | (1) A sound financial base for establishing, | ||||||
9 | promoting, and delivering the
necessary
courses. Budget | ||||||
10 | planning for the School's courses should be clearly | ||||||
11 | projected.
| ||||||
12 | (2) A sufficient number of qualified, licensed | ||||||
13 | instructors as provided by
rule.
| ||||||
14 | (3) Adequate support personnel to assist with | ||||||
15 | administrative matters and
technical
assistance.
| ||||||
16 | (4) Maintenance and availability of records of | ||||||
17 | participation for
licensees.
| ||||||
18 | (5) The ability to provide each participant who | ||||||
19 | successfully completes an
approved
program with a | ||||||
20 | certificate of completion signed by the administrator of a
| ||||||
21 | licensed continuing
education school on forms provided by | ||||||
22 | the Department.
| ||||||
23 | (6) The continuing education school must have a written | ||||||
24 | policy dealing
with
procedures for the management of | ||||||
25 | grievances and fee refunds.
| ||||||
26 | (7) The continuing education school shall maintain |
| |||||||
| |||||||
1 | lesson plans and
examinations for
each course.
| ||||||
2 | (8) The continuing education school shall require a 70% | ||||||
3 | passing grade for
successful
completion of any continuing | ||||||
4 | education course.
| ||||||
5 | (9) The continuing education school shall identify and | ||||||
6 | use instructors who
will teach
in a planned program. | ||||||
7 | Suggested criteria for instructor selections include:
| ||||||
8 | (A) appropriate credentials;
| ||||||
9 | (B) competence as a teacher;
| ||||||
10 | (C) knowledge of content area; and
| ||||||
11 | (D) qualification by experience.
| ||||||
12 | (10) The continuing education school shall provide a | ||||||
13 | proctor or an electronic means of proctoring for each | ||||||
14 | examination. The continuing education school shall be | ||||||
15 | responsible for the conduct of the proctor. The duties and | ||||||
16 | responsibilities of a proctor shall be established by rule. | ||||||
17 | (11) The continuing education school must provide for | ||||||
18 | closed book examinations for each course unless the | ||||||
19 | Advisory Council excuses this requirement based on the | ||||||
20 | complexity of the course material. | ||||||
21 | (c) Advertising and promotion of continuing education | ||||||
22 | activities must be
carried out in
a responsible fashion, | ||||||
23 | clearly showing the educational objectives of the
activity, the | ||||||
24 | nature of the
audience that may benefit from the activity, the | ||||||
25 | cost of the activity to the
participant and the items
covered | ||||||
26 | by the cost, the amount of credit that can be earned, and the
|
| |||||||
| |||||||
1 | credentials of the faculty.
| ||||||
2 | (d) The Department may or upon request of the Advisory | ||||||
3 | Council shall, after notice,
cause a
continuing education | ||||||
4 | school to attend an informal conference before the
Advisory | ||||||
5 | Council for
failure to comply with any requirement for | ||||||
6 | licensure or for failure to comply
with any provision of
this | ||||||
7 | Act or the rules for the administration of this Act. The | ||||||
8 | Advisory Council
shall make a
recommendation to the Board as a | ||||||
9 | result of its findings at the conclusion of
any such informal
| ||||||
10 | conference.
| ||||||
11 | (e) All continuing education schools shall maintain these | ||||||
12 | minimum criteria
and pay
the required fee in order to retain | ||||||
13 | their continuing education school license.
| ||||||
14 | (f) All continuing education schools shall submit, at the | ||||||
15 | time of initial
application and
with each license renewal, a | ||||||
16 | list of courses with course materials to be
offered by the | ||||||
17 | continuing
education school. The Department, however, shall | ||||||
18 | establish a mechanism whereby
continuing education
schools may | ||||||
19 | apply for and obtain approval for continuing education courses | ||||||
20 | that
are submitted
after the time of initial application or | ||||||
21 | renewal. The Department shall provide to each
continuing | ||||||
22 | education
school a certificate for each approved continuing | ||||||
23 | education course. All
continuing education
courses shall be | ||||||
24 | valid for the period coinciding with the term of license of
the | ||||||
25 | continuing education
school. All continuing education schools | ||||||
26 | shall provide a copy of the
certificate of the continuing
|
| |||||||
| |||||||
1 | education course within the course materials given to each | ||||||
2 | student or shall
display a copy of the
certificate of the | ||||||
3 | continuing education course in a conspicuous place at the
| ||||||
4 | location of the class.
| ||||||
5 | (g) Each continuing education school shall provide to the | ||||||
6 | Department a monthly report
in a
format determined by the | ||||||
7 | Department, with information concerning students who
| ||||||
8 | successfully completed all
approved continuing education | ||||||
9 | courses offered by the continuing education
school for the | ||||||
10 | prior
month.
| ||||||
11 | (h) The Department, upon the recommendation of the Advisory | ||||||
12 | Council, may temporarily
suspend a licensed continuing | ||||||
13 | education school's approved courses without
hearing and refuse | ||||||
14 | to
accept successful completion of or participation in any of | ||||||
15 | these continuing
education courses for
continuing education | ||||||
16 | credit from that school upon the failure of that
continuing | ||||||
17 | education school
to comply with the provisions of this Act or | ||||||
18 | the rules for the administration
of this Act, until such
time | ||||||
19 | as the Department receives satisfactory assurance of | ||||||
20 | compliance. The Department shall notify
the continuing
| ||||||
21 | education school of the noncompliance and may initiate | ||||||
22 | disciplinary
proceedings pursuant to
this Act. The Department
| ||||||
23 | may refuse to issue, suspend, revoke, or otherwise discipline | ||||||
24 | the license
of a continuing
education school or may withdraw | ||||||
25 | approval of a continuing education course for
good cause.
| ||||||
26 | Failure to comply with the requirements of this Section or any |
| |||||||
| |||||||
1 | other
requirements
established by rule shall
be deemed to be | ||||||
2 | good cause. Disciplinary proceedings shall be conducted by the
| ||||||
3 | Board in the same
manner as other disciplinary proceedings | ||||||
4 | under this Act.
| ||||||
5 | (Source: P.A. 96-856, eff. 12-31-09.)
| ||||||
6 | (225 ILCS 454/35-5)
| ||||||
7 | (Section scheduled to be repealed on January 1, 2020)
| ||||||
8 | Sec. 35-5. Savings provisions.
| ||||||
9 | (a) This Act is intended to replace the Real Estate License | ||||||
10 | Act of 1983 in
all respects.
| ||||||
11 | (b) The Beginning December 31, 1999, the rights, powers, | ||||||
12 | and duties exercised by
the
Office of Banks and
Real Estate | ||||||
13 | under the Real Estate License Act of 1983 shall continue to be
| ||||||
14 | vested in, be the
obligation of, and shall be exercised by the | ||||||
15 | Division of Real Estate of the Department of Financial and | ||||||
16 | Professional Regulation Office of Banks and Real Estate
under | ||||||
17 | the provisions of
this Act.
| ||||||
18 | (c) This Act does not affect any act done, ratified, or | ||||||
19 | cancelled, or any
right occurring or
established, or any action | ||||||
20 | or proceeding had or commenced in an administrative,
civil, or | ||||||
21 | criminal
cause before December 31, 1999, by the Office of Banks | ||||||
22 | and Real Estate under
the
Real Estate License
Act of 1983, and | ||||||
23 | those actions or proceedings may be prosecuted and continued
by | ||||||
24 | the Division of Real Estate of the Department of Financial and | ||||||
25 | Professional Regulation Office of
Banks and Real Estate under |
| |||||||
| |||||||
1 | this Act.
| ||||||
2 | (d) This Act does not affect any license, certificate, | ||||||
3 | permit, or other form
of licensure or
authorization issued by | ||||||
4 | the Office of Banks and Real Estate under the Real
Estate | ||||||
5 | License Act of
1983 or by the Division of Professional | ||||||
6 | Regulation of the Department of Financial and Professional | ||||||
7 | Regulation under this Act , and all such licenses, certificates, | ||||||
8 | permits, or other form of licensure
or authorization shall
| ||||||
9 | continue to be valid under the terms and conditions of this | ||||||
10 | Act.
| ||||||
11 | (e) The rules adopted by the Office of Banks and Real | ||||||
12 | Estate relating to the
Real Estate License
Act of 1983, unless | ||||||
13 | inconsistent with the provisions of this Act, are not
affected | ||||||
14 | by this Act, and on
December 31, 1999 those rules become the | ||||||
15 | rules under this Act. The Office of
Banks
and Real Estate | ||||||
16 | shall,
as soon as practicable, adopt new or amended rules | ||||||
17 | consistent with the
provisions of this Act.
| ||||||
18 | (f) This Act does not affect any discipline, suspension, or | ||||||
19 | termination
taken under the Real
Estate License Act of 1983 and | ||||||
20 | that discipline, suspension, or termination
shall be continued | ||||||
21 | under
this Act.
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22 | (g) This Act does not affect any appointments, term | ||||||
23 | limitations, years
served, or other matters
relating to | ||||||
24 | individuals serving on any board or council under the Real | ||||||
25 | Estate
License Act of 1983,
and these appointments, term | ||||||
26 | limitations, years served, and other matters shall
be continued |
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1 | under
this Act.
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2 | (Source: P.A. 91-245, eff. 12-31-99 .)
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3 | (225 ILCS 454/5-46 rep.) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | (225 ILCS 454/5-47 rep.) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Section 10. The Real Estate License Act of 2000 is amended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | by repealing Sections 5-46 and 5-47.
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