93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2887

 

Introduced 2/6/2004, by Antonio Munoz

 

SYNOPSIS AS INTRODUCED:
 
225 ILCS 454/5-50
225 ILCS 454/5-70

    Amends the Real Estate License Act of 2000. Provides that any person licensed as a broker shall be entitled at any renewal date to change his or her license status from broker to salesperson. Makes changes in provisions concerning continuing education requirements for brokers and salespersons.


LRB093 20864 AMC 46932 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2887 LRB093 20864 AMC 46932 b

1     AN ACT concerning professional regulation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Real Estate License Act of 2000 is amended
5 by changing Sections 5-50 and 5-70 as follows:
 
6     (225 ILCS 454/5-50)
7     (Section scheduled to be repealed on January 1, 2010)
8     Sec. 5-50. Expiration date and renewal period of broker,
9 salesperson, or leasing agent license; sponsoring broker;
10 register of licensees; pocket card.
11     (a) The expiration date and renewal period for each license
12 issued under this Act shall be set by rule. Except as otherwise
13 provided in Section 5-55 of this Act, the holder of a license
14 may renew the license within 90 days preceding the expiration
15 date thereof by paying the fees specified by rule. Upon written
16 request from the sponsoring broker, OBRE shall prepare and mail
17 to the sponsoring broker a listing of licensees under this Act
18 who, according to the records of OBRE, are sponsored by that
19 broker. Every licensee associated with or employed by a broker
20 whose license is revoked, suspended, terminated, or expired
21 shall be considered as inoperative until such time as the
22 sponsoring broker's license is reinstated or renewed, or the
23 licensee changes employment as set forth in subsection (c) of
24 Section 5-40 of this Act.
25     (b) OBRE shall establish and maintain a register of all
26 persons currently licensed by the State and shall issue and
27 prescribe a form of pocket card. Upon payment by a licensee of
28 the appropriate fee as prescribed by rule for engagement in the
29 activity for which the licensee is qualified and holds a
30 license for the current period, OBRE shall issue a pocket card
31 to the licensee. The pocket card shall be verification that the
32 required fee for the current period has been paid and shall

 

 

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1 indicate that the person named thereon is licensed for the
2 current renewal period as a broker, salesperson, or leasing
3 agent as the case may be. The pocket card shall further
4 indicate that the person named thereon is authorized by OBRE to
5 engage in the licensed activity appropriate for his or her
6 status (broker, salesperson, or leasing agent). Each licensee
7 shall carry on his or her person his or her pocket card or, if
8 such pocket card has not yet been issued, a properly issued
9 sponsor card when engaging in any licensed activity and shall
10 display the same on demand.
11     (c) Any person licensed as a broker shall be entitled at
12 any renewal date to change his or her license status from
13 broker to salesperson.
14 (Source: P.A. 91-245, eff. 12-31-99.)
 
15     (225 ILCS 454/5-70)
16     (Section scheduled to be repealed on January 1, 2010)
17     Sec. 5-70. Continuing education requirement; broker or
18 salesperson.
19     (a) The requirements of this Section apply to all licensees
20 who have had a license for less than 15 years as of January 1,
21 1992.
22     (b) Except as otherwise provided in this Section, each
23 person who applies for renewal of his or her license as a real
24 estate broker or real estate salesperson must successfully
25 complete real estate continuing education courses approved by
26 the Advisory Council at the rate of 6 hours per year or its
27 equivalent. In addition, in order to renew a real estate
28 broker's license, the licensee must successfully complete, by
29 achieving an 85% passing score, a 6-hour broker management
30 continuing education course approved by OBRE. No license may be
31 renewed except upon the successful completion of the required
32 courses or their equivalent or upon a waiver of those
33 requirements for good cause shown as determined by the
34 Commissioner with the recommendation of the Advisory Council.
35 The requirements of this Article are applicable to all brokers

 

 

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1 and salespersons except those brokers and salespersons who,
2 during the pre-renewal period:
3         (1) serve in the armed services of the United States;
4         (2) serve as an elected State or federal official;
5         (3) serve as a full-time employee of OBRE; or
6         (4) are admitted to practice law pursuant to Illinois
7     Supreme Court rule.
8     (c) A person who is issued an initial license as a real
9 estate salesperson less than one year prior to the expiration
10 date of that license shall not be required to complete
11 continuing education as a condition of license renewal. A
12 person who is issued an initial license as a real estate broker
13 less than one year prior to the expiration date of that license
14 and who has not been licensed as a real estate salesperson
15 during the pre-renewal period shall not be required to complete
16 continuing education as a condition of license renewal. A
17 person receiving an initial license as a real estate broker
18 during the 90 days before the broker renewal date shall not be
19 required to complete the broker management continuing
20 education course provided for in subparagraph (b) of this
21 Section.
22     (d) The continuing education requirement for salespersons
23 and brokers shall consist of a core curriculum and an elective
24 curriculum, to be established by the Advisory Council. In
25 meeting the continuing education requirements of this Act, at
26 least 3 hours per year or their equivalent shall be required to
27 be completed in the core curriculum. In establishing the core
28 curriculum, the Advisory Council shall consider subjects that
29 will educate licensees on recent changes in applicable laws and
30 new laws and refresh the licensee on areas of the license law
31 and OBRE policy that the Advisory Council deems appropriate,
32 and any other areas that the Advisory Council deems timely and
33 applicable in order to prevent violations of this Act and to
34 protect the public. In establishing the elective curriculum,
35 the Advisory Council shall consider subjects that cover the
36 various aspects of the practice of real estate that are covered

 

 

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1 under the scope of this Act. However, the elective curriculum
2 shall not include any offerings referred to in Section 5-85 of
3 this Act.
4     (e) The subject areas of continuing education courses
5 approved by the Advisory Council may include without limitation
6 the following:
7         (1) license law and escrow;
8         (2) antitrust;
9         (3) fair housing;
10         (4) agency;
11         (5) appraisal;
12         (6) property management;
13         (7) residential brokerage;
14         (8) farm property management;
15         (9) rights and duties of sellers, buyers, and brokers;
16         (10) commercial brokerage and leasing; and
17         (11) real estate financing.
18     (f) In lieu of credit for those courses listed in
19 subsection (e) of this Section, credit may be earned for
20 serving as a licensed instructor in an approved course of
21 continuing education. The amount of credit earned for teaching
22 a course shall be the amount of continuing education credit for
23 which the course is approved for licensees taking the course.
24     (g) Credit hours may be earned for self-study programs
25 approved by the Advisory Council.
26     (h) A broker or salesperson may earn credit for a specific
27 continuing education course only once during the prerenewal
28 period.
29     (i) No more than 6 hours of continuing education credit may
30 be earned in one calendar day.
31 (Source: P.A. 91-245, eff. 12-31-99.)