| ||||||||||||||||||||
 
  | ||||||||||||||||||||
 | ||||||||||||||||||||
  | ||||||||||||||||||||
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| 1 |  AN ACT concerning regulation.
 | |||||||||||||||||||
| 2 |  Be it enacted by the People of the State of Illinois,
 | |||||||||||||||||||
| 3 | represented in the General Assembly:
 | |||||||||||||||||||
| 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:
 | |||||||||||||||||||
| 9 |  (225 ILCS 454/1-10)
 | |||||||||||||||||||
| 10 |  (Section scheduled to be repealed on January 1, 2020)
 | |||||||||||||||||||
| 11 |  Sec. 1-10. Definitions. In this Act, unless the context  | |||||||||||||||||||
| 12 | otherwise requires:
 | |||||||||||||||||||
| 13 |  "Act" means the Real Estate License Act of 2000.
 | |||||||||||||||||||
| 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.
 | |||||||||||||||||||
| 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
 | ||||||
 
  | |||||||
  | |||||||
| 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  | ||||||
 
  | |||||||
  | |||||||
| 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.
 | ||||||
 
  | |||||||
  | |||||||
| 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.
 | ||||||
| 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  | ||||||
 
  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1 | under
this Act.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 | (Source: P.A. 91-245, eff. 12-31-99.)
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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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