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 1450.1300 REAL ESTATE AUCTION PRE-CERTIFICATION EDUCATION


 

Section 1450.1300  Real Estate Auction Pre-Certification Education

 

a)         The 30 hour real estate certification course set forth in Section 5-32 of the Act shall include the following:

 

1)         18 hours relating to real estate including the following topics:

 

A)        Illinois and federal statutes and rules governing real estate;

 

B)        agency;

 

C)        real estate advertising; and

 

D)        any other subject matter recommended by the Department.

 

2)         12 hours relating to auctions including the following topics:

 

A)        Illinois and federal statutes and rules governing auctions;

 

B)        auction advertising; and

 

C)        any other subject matter recommended by the Department.

 

b)         The 30 hour real estate auction certification course may be completed in a classroom, by interactive webinar, or by an online distance education course.

 

c)         The Department may consider the recommendation of the Board regarding the 30 hour real estate auction certification course curriculum. 

 

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