Section 1410.10   Definitions

Unless otherwise clarified by this Part, definitions set forth in the Act also apply or the purposes of this Part.

"Act" means the Home Inspector License Act [225 ILCS 441].

"Classroom hour" or "hour" as it pertains to the education requirements means classroom attendance for a minimum of 50 minutes of lecture or its equivalent through a distance-learning program approved by OBRE.

"Compensation" means the valuable consideration or the intention or expectation of receiving valuable consideration given by one person or entity to another person or entity in exchange for the performance of some activity or service.  Compensation shall include the transfer of valuable consideration, including without limitation the following:

commissions;

referral fees;

bonuses;

prizes;

merchandise;

finder fees;

performance of services;

coupons or gift certificates;

discounts;

rebates;

a chance to win a raffle, drawing, lottery, or similar game of chance not prohibited by any other law or statute;

retainer fee; or

salary.

"License" means a certificate of authority, permit or registration issued by OBRE.

"Licensee" means a person who has been issued a license under the Act or this Part.