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 The General Assembly's Illinois Administrative Code database includes only those rulemakings that have been permanently adopted. This menu will point out the Sections on which an emergency rule (valid for a maximum of 150 days, usually until replaced by a permanent rulemaking) exists. The emergency rulemaking is linked through the notation that follows the Section heading in the menu. SUBPART A: DEFINITIONS Section 1450.10 Definitions SUBPART B: LICENSING AND EDUCATION Section 1450.15 Leasing Agent General Provisions Section 1450.20 Leasing Agent Examination Requirement Section 1450.25 Sponsor Card for Leasing Agents Section 1450.30 Issuance of Leasing Agent License Section 1450.35 Termination of Employment of Leasing Agent Section 1450.40 120 Day Leasing Agent Permit Section 1450.50 Continuing Education Requirement for Leasing Agents Section 1450.55 Approved Courses, Schools and Instructors for Leasing Agents SUBPART C: LICENSING AND EDUCATION Section 1450.60 Educational Requirements to Obtain a Broker's or Salesperson's License Section 1450.65 Salesperson and Broker Examinations Section 1450.70 Applications for Salespersons and Brokers Licenses by Examination Section 1450.75 Sponsor Cards for Brokers and Salespersons Section 1450.80 Branch Offices Section 1450.85 Corporations, Limited Liability Companies, Partnerships, and Limited Partnerships Section 1450.90 Assumed Name Section 1450.95 Fees Section 1450.100 Nonresident Licensure by Reciprocity Section 1450.105 Renewals Section 1450.110 Change of Information Section 1450.115 Continuing Education Section 1450.120 Rental Finding Services SUBPART D: COMPENSATION AND BUSINESS PRACTICES Section 1450.125 Managing Broker Responsibilities Section 1450.130 Supervision Section 1450.135 Discrimination Section 1450.140 Advertising Section 1450.145 Internet Advertising Section 1450.150 Office Identification Signs Section 1450.155 Display of Licenses Section 1450.160 Employment Agreements Section 1450.165 Unlicensed Assistants Section 1450.170 Corporation for Indirect Payment Section 1450.175 Special Accounts Section 1450.180 Record Keeping Section 1450.185 Disclosure of Compensation Section 1450.190 Disclosure of Licensee Status Section 1450.195 Brokerage Agreements and Listing Agreements Section 1450.200 Written Agreements Section 1450.205 Referral Fees and Affinity Relationships SUBPART E: AGENCY RELATIONSHIPS Section 1450.207 Confidentiality Section 1450.210 Failure to Disclose Information Not Affecting Physical Condition Section 1450.215 Licensee Serving as a Dual Agent in a Transaction Where a Licensee is a Party to the Transaction SUBPART F: DISCIPLINE RULES AND PROCEDURES Section 1450.220 Unprofessional Conduct Section 1450.225 Discipline for Failure to Comply with Illinois Tax Acts, Child Support Order or Default on Illinois Guaranteed Student Loan Section 1450.230 Temporary Suspension Section 1450.235 Otherwise Discipline Section 1450.240 Dissolution: Effect of Suspension or Revocation of Sponsoring Brokers or Managing Brokers Section 1450.245 Inspections and Audits Section 1450.246 Audits of Special Funds by Outside Auditors Section 1450.250 Case File Review Committee Section 1450.255 Hearings Section 1450.260 Real Estate Recovery Fund Section 1450.265 Automatic Termination Upon Order to Payout from the Real Estate Recovery Fund Section 1450.266 Advisory Letters SUBPART G: PRE-LICENSE AND CONTINUING EDUCATION RULES Section 1450.270 Definition of Schools and School Branch (Repealed) Section 1450.275 Pre-License Schools Section 1450.276 Curriculum for Pre-License Schools Section 1450.277 Expiration Date and Renewal Period for Pre-License Schools Section 1450.278 Pre-License Instructors Section 1450.280 Expiration Date and Renewal Period for Pre-License Instructors Section 1450.285 Continuing Education Schools Section 1450.286 Curriculum for Continuing Education Schools and Course Registration Process Section 1450.287 Expiration Date and Renewal Period for Continuing Education Schools Section 1450.288 Continuing Education Instructors Section 1450.290 Expiration Date and Renewal Period for Continuing Education Instructors Section 1450.295 Distance Education Courses Section 1450.300 Class Attendance Requirements (Repealed) Section 1450.305 Recruitment at Test Center Section 1450.310 Withdrawal of Approval of Schools (Repealed) Section 1450.315 Discipline of Schools or Instructors SUBPART H: GRANTING VARIANCES Section 1450.320 Granting Variances SUBPART J: TRANSITION RULES Section 1450.325 Salesperson Applicants – Transition Provisions Section 1450.330 Broker Applicants – Transition Provisions Section 1450.335 Continuing Education – Transition Provisions Section 1450.340 Education License Renewals – Transition Provisions

AUTHORITY: Implementing the Real Estate License Act of 2000 [225 ILCS 454] and authorized by Section 2105-15(7) of the Civil Administrative Code of Illinois [20 ILCS 2105/2105-15(7)].

SOURCE: Rules and Regulations for the Administration of the Real Estate Brokers and Salesmen License Act (General Rules), effective December 4, 1974; Rules and Regulations for the Administration of the Real Estate Brokers and Salesmen License Act (School Rules), effective July 29, 1974; amended at 3 Ill. Reg. 885, effective February 2, 1979; amended at 4 Ill. Reg. 195, effective August 12, 1980; amended at 5 Ill. Reg. 5343, effective May 6, 1981; amended at 5 Ill. Reg. 8541, effective August 10, 1981; codified at 5 Ill. Reg. 11064; emergency amendment at 6 Ill. Reg. 916, effective January 6, 1982, for a maximum of 150 days; emergency amendment at 6 Ill. Reg. 2406, effective February 3, 1982, for a maximum of 150 days; amended at 6 Ill. Reg. 8221, effective July 1, 1982; amended at 9 Ill. Reg. 341, effective January 3, 1985; transferred from Chapter I, 68 Ill. Adm. Code 450 (Department of Registration and Education) to Chapter VII, 68 Ill. Adm. Code 1450 (Department of Professional Regulation) pursuant to P.A. 85-225, effective January 1, 1988, at 12 Ill. Reg. 2977; amended at 12 Ill. Reg. 8036, effective April 26, 1988; amended at 15 Ill. Reg. 10416, effective July 1, 1991; amended at 16 Ill. Reg. 3204, effective February 14, 1992; emergency amendment at 19 Ill. Reg. 12003, effective August 8, 1995, for a maximum of 150 days; amended at 19 Ill. Reg. 16623, effective December 1, 1995; amended at 20 Ill. Reg. 6492, effective April 30, 1996; recodified from Chapter VII, Department of Professional Regulation, to Chapter VIII, Office of Banks and Real Estate, pursuant to PA 89-23 and PA 89-508, at 20 Ill. Reg. 11984; amended at 21 Ill. Reg. 3602, effective March 7, 1997; amended at 21 Ill. Reg. 8350, effective June 30, 1997; old Part repealed and new Part adopted by emergency rulemaking at 24 Ill. Reg. 704, effective January 1, 2000, for a maximum of 150 days; old Part repealed and new Part adopted at 24 Ill. Reg. 8263, effective May 30, 2000; amended at 27 Ill. Reg. 12018, effective July 9, 2003; amended at 28 Ill. Reg. 2141, effective January 22, 2004; amended at 30 Ill. Reg. 11075, effective June 8, 2006; amended at 32 Ill. Reg. 6503, effective April 2, 2008.