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 1450.540 MANAGING BROKER CONTINUING EDUCATION


 

Section 1450.540  Managing Broker Continuing Education

 

a)         Continuing Education Hour Requirements

 

1)         As set forth in Section 5-70 of the Act, each managing broker, except as otherwise provided in Section 5-70(b), is required to complete 6 CE hours for each year of the renewal period in courses approved by the Department. Licensees who complete CE after the expiration of a license are eligible for approval of CE only upon payment of required fees as set forth in Section 1450.130 and completion of the necessary forms.

 

2)         In addition to the CE required in subsection (a)(1), all renewing managing brokers must complete a 12 hour broker management CE course, the content of which shall be recommended by the Board and approved by the Department. This 12 hour broker management CE course must be completed in the classroom or by interactive webinar. In order to promote uniformity and consistency, the Division, with the advice of the Board, may provide a standardized curriculum to be utilized by all licensed education providers.

 

3)         If the managing broker renewal period ends within the 90 days after the initial managing broker license is issued, a licensee is not required to complete CE for that managing broker renewal period.  A licensee shall complete CE requirements before the next managing broker renewal date.

 

4)         Managing brokers licensed in Illinois but residing and practicing in other states shall comply with the CE requirements set forth in this Section, unless they are exempt under Section 5-70(b) of the Act.

 

5)         The Division shall conduct random audits to verify compliance with this Section.

 

b)         Approved Continuing Education

 

1)         CE credit may be earned for verified attendance at, participation in, or completion of a licensed course offered and verified by a licensed education provider that is approved pursuant to Sections 1450.1100 and 1450.1105.

 

2)         CE credit, except broker management excluded pursuant to Section 5-70(b) of the Act, may also be earned for completion by passing a proctored exam of a correspondence or home study course offered and verified by a licensed Education Provider, as set forth in Section 1450.1155.

 

3)         As set forth in Section 5-70 of the Act, CE credit shall be obtained through completion of a single core and elective curriculum recommended by the Board and approved by the Department. CE requirements shall be deemed satisfied upon successful completion of the following:

 

A)        Core Curriculum: A minimum of 4 CE credit hours per two year renewal in a core curriculum course or courses recommended by the Board and approved by the Department, which, pursuant to Section 5-70, may cover subjects including but not limited to advertising, agency, disclosures, escrow, fair housing, leasing agent management, and license law.

 

B)        Elective Curriculum: No less than 8 CE credit hours per two year renewal in elective curriculum courses approved by the Department.

 

4)           As set forth in Section 5-70(g) of the Act, CE credit may be earned by a licensed CE instructor for teaching a licensed CE course. Credit for teaching a licensed CE course may only be earned once per course during a renewal period. One hour of teaching is equal to one CE hour.

 

5)           As set forth in Section 5-75 of the Act, if licensees earn CE credit hours in another state or territory for which they will claim credit toward compliance in Illinois, each licensee shall submit an application, and a $25 fee, within 90 days after completion of the CE course and prior to expiration of the license. The Department shall review and approve or disapprove the CE course provided the education provider, CE course, and delivery method of assessing participation and comprehension are substantially equivalent to those licensed in Illinois. In determining whether the education provider and CE course are substantially equivalent, the Department shall use the criteria in Sections 5-70 through 5-80 of the Act and this Section.

 

6)           CE credit shall not be given for CE courses taken in Illinois from education providers not licensed by the Department.

 

7)           Pursuant to Section 5-70(j) of the Act, no more than 6 hours of CE credit may be taken in one calendar day.  In those instances when a proctored final exam is required for a CE course or courses, it may be given at the end of each individual course or group of courses.  For example, a licensee, who intends to take 12 hours of CE may complete the exams and earn CE credit for the courses at the end of each individual course, or group of courses, provided the licensee does not exceed the 6 hour limit of instruction per calendar day referenced in Section 5-70(j) of the Act.

 

8)           CE credit shall not be given for pre-license and post-license education courses except as set forth in Section 5-70(1) of the Act.

 

c)         Certification of Compliance with CE Requirements

 

1)         Each licensee shall certify on the renewal application full compliance with the CE requirements set forth in subsections (a) and (b).

 

2)         The Division may, in the context of compliance audits, require additional evidence demonstrating compliance with the CE requirements (e.g., certificate of completion, transcript, etc.).  Each licensee shall retain proof of CE completed.

 

3)         In the context of a compliance audit, the Division shall accept verification (e.g., original transcript, certificate of attendance) submitted directly from a licensed education provider on behalf of a licensee as proof of CE compliance.

 

4)         Proof of non-compliance with CE requirements shall subject a licensee to discipline as set forth in the Act and Subpart I.

 

5)         The Division shall conduct audits to verify compliance with this Section.  If, during an audit or compliance review, the Division determines that a licensee may be deficient in complying with CE requirements, the Division will notify the licensee, managing broker, and sponsoring broker of the possible deficiency. The licensee shall have 60 days from the date the deficiency notification is sent to submit to the Division evidence of compliance with CE requirements.

 

A)        If satisfactory evidence of compliance with CE requirements set forth in subsection (c)(2) is submitted, the Division shall notify the licensee, managing broker, and sponsoring broker by first class mail or electronically, that the licensee is in compliance.

 

B)        If the licensee certified compliance with CE requirements on the licensee's most recent renewal application required by subsection (c)(1), but cannot submit evidence of having been in compliance on the certification date, the licensee may, during the 60 days notice period, submit evidence of having attained compliance with CE requirements after the date the certification was made. The evidence of post-certification course completion must be accompanied by a fee of $25 per credit hour completed after the date the licensee originally certified compliance. The evidence will not be considered if the required fee is not submitted.  If the evidence is satisfactory, the Division shall notify the licensee, managing broker, and sponsoring broker of compliance.  Credit hours submitted for post-certification course completion and found satisfactory may not be used as credit for the next renewal requirements.

 

C)                If the licensee fails to submit satisfactory evidence of compliance with CE requirements within the 60 day notice period, the failure shall be evidence of a violation of Section 20-20 of the Act regarding fraud and/or misrepresentation in applying for renewal of, or to procure, a license as set forth in Section 5-25 of the Act.  The Division shall send notice to the licensee, managing broker, and sponsoring broker, as required by Section 20-60 of the Act, indicating the commencement of disciplinary proceedings.

 

(Source:  Amended at 43 Ill. Reg. 1975, effective January 25, 2019)