TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VIII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1450 REAL ESTATE LICENSE ACT OF 2000
SECTION 1450.130 FEES


 

Section 1450.130  Fees

 

a)         Leasing Agent License and 120 Day Leasing Agent Student Permit

 

1)         The application fee for an initial leasing agent license is $75.

 

2)         The renewal fee for an unexpired leasing agent license is $50 per year.

 

3)         The late fee for a leasing agent license expired for no more than 2 years is $50.

 

4)         The application fee for a 120 day leasing agent student permit is $25.

 

5)         The restoration fee for a leasing agent license expired for more than 2 years but less than 5 years is the sum of all lapsed renewal and late fees.

 

b)         Broker License

 

1)         The application fee for an initial  broker license is $125.

 

2)         The renewal fee for an unexpired broker license is $75 per year.

 

3)         The late fee for a broker license expired for no more than 2 years is $50.

 

4)         The restoration fee for a broker license expired for more than 2 years but less than 5 years is the sum of all lapsed renewal and late fees.

 

5)         The fee to transfer from a managing broker license to a broker license is $125.

 

c)         Managing Broker License

 

1)         The application fee for an initial managing broker license is $150.

 

2)         The renewal fee for an unexpired managing broker license is $100 per year. 

 

3)         The late fee for a managing broker license expired for no more than 2 years is $50.

 

4)         The restoration fee for a managing broker license expired for more than 2 years but less than 5 years is the sum of all lapsed renewal and late fees.

 

d)         Real Estate Auction Certification

 

1)         The application fee for an initial real estate auction certification is $125.

 

2)         The renewal fee for an unexpired real estate auction certification is $150 per year.

 

3)         The late fee for a real estate auction certification expired for no more than 2 years is $50.

 

e)         Corporation, Limited Liability Company, Partnership, Limited Partnership or Limited Liability Partnership License

 

1)        The application fee for an initial corporation, limited liability company, partnership, limited partnership or limited liability partnership license is $125.

 

2)        The renewal fee for an unexpired corporation, limited liability company, partnership, limited partnership or limited liability partnership license is $75 per year.

 

3)        The late fee for a corporation, limited liability company, partnership, limited partnership or limited liability partnership license expired for no more than 2 years is $50.

 

f)         Branch Office License

 

1)         The application fee for an initial branch office license is $125.

 

2)         The renewal fee for an unexpired branch office license is $75 per year.

 

3)         The late fee for a branch office license expired for no more than 2 years is $50.

 

g)         Pre-License School, Instructor and Course License Fees

 

1)         The application fee for an initial pre‑license school license is $1,025.

 

2)         The renewal fee for an unexpired pre-license school license is $525 per year.

 

3)         The late fee for a pre-license school license expired for no more than 2 years is $50.

 

4)         The application fee for an initial pre-license school branch license is $175 per branch.

 

5)         The renewal fee for an unexpired pre-license school branch license is $125 per branch per year.

 

6)         The late fee for a pre-license school branch license expired for no more than 2 years is $50 per branch.

 

7)         The fee to transfer the location of a licensed pre-license school branch license is $25 per branch per transfer.

 

8)         The application fee for an initial pre-license instructor license is $125.

 

9)         The renewal fee for an unexpired pre-license instructor license is $125 per year.

 

10)        The late fee for a pre-license instructor license expired for no more than 2 years is $50.

 

11)        The application fee for an initial pre-license course license is $125.

 

12)        The renewal fee for an unexpired pre-license course license is $50 per year.

 

13)        The late fee for a pre-license course license expired for no more than 2 years is $50.  

 

h)         Continuing Education School, Instructor and Course License Fees

 

1)         The application fee for an initial CE school license is $1,025.

 

2)         The renewal fee for an unexpired CE school license is $525 per year.

 

3)         The late fee for a CE school license expired for no more than 2 years is $50.

 

4)         The application fee for an initial CE instructor license is $75.

 

5)         The renewal fee for an unexpired CE instructor license is $75 per year.

 

6)         The late fee for a CE instructor license expired for no more than 2 years is $50.

 

7)         The application fee for an initial CE course license is $125.

 

8)         The renewal fee for an unexpired CE course license is $50 per year.

 

9)         The late fee for a CE course license expired for no more than 2 years is $50.

 

i)          General

 

1)         All fees paid pursuant to the Act and this Section shall be made payable to the Department of Financial and Professional Regulation and are non-refundable.

 

2)         The fee for a certification of a licensee's record for any purpose is $25.

 

3)         The fee for a roster of licensees or a list of licensees sponsored by a sponsoring broker is the cost of producing the roster.

 

4)         Applicants for an examination as a leasing agent, broker, managing broker, instructor or real estate auction certification holder shall be required to pay a fee covering the cost of providing the examination.  If a designated testing service is utilized for the examination, the fee shall be paid directly to the designated testing service.  Failure to appear for the examination on the scheduled date, at the time and place specified, after the applicant's application for examination has been received and acknowledged, shall result in the forfeiture of the examination fee.

 

5)         The fee for requesting a waiver of CE requirements pursuant to Section 5-70(b) of the Act, or for requesting credit for CE obtained while out-of-state pursuant to Section 5-75 of the Act, is $25.

 

6)         The fee for processing a sponsor card other than at the time of original licensure is $25.

 

7)         The fee for a copy of a transcript of the proceedings under Section 20-62 of the Act is the cost of a copy of the transcript.  A copy of the balance of the record will be provided at the Division's cost of producing the record.

 

8)         The fee for certifying the record referred to in Section 20-73 of the Act is $1 per page.

 

9)          The Division may charge an administrative fee, not to exceed $500, as a part of a compliance agreement issued with an administrative warning letter pursuant to Section 20-20 of the Act.

 

10)        Each university, college, community college or school supported by public funds shall be exempt from the school licensure fees provided each university, college, community college or school meets the following criteria and certifies to the Division that:

 

A)        the facility is supported by public funds;

 

B)        the instructors are considered full-time faculty and are supported by public funds or if the administrator of the real estate school/program/curricula is considered full-time with exclusive responsibility for the administration of the real estate school/program/curricula and is supported by public funds;

 

C)        the program, pre-license and/or CE revenues are deposited into the general fund of the university, college, community college or school, as are other appropriated public funds; and

 

D)        the program, pre-license and/or CE is not a for-profit division of the university, college, community college or school.

 

(Source:  Amended at 41 Ill. Reg. 12561, effective October 6, 2017)