Illinois General Assembly - Bill Status for HB5358

Amends the Regulatory Sunset Act to change the repeal date of the Real Estate License Act of 2000 from January 1, 2010 to January 1, 2019. Amends the Real Estate License Act of 2000. Replaces references to "OBRE" with "Department of Professional Regulation" and references to "Commissioner" with "Secretary of Financial and Professional Regulation" throughout the Act. Adds provisions concerning an applicant's social security number or tax identification number; the application and requirements for licensure as a leasing agent; the requirements for licensure as a salesperson; the requirements for licensure as a broker; good moral character; change of address; injunctions, criminal offenses, and cease and desist orders; and criminal violations. Makes changes in provisions concerning definitions; exemptions from the licensure requirements; licensure examination; sponsor cards and associations with new brokers; expiration and renewal periods; fees; continuing education requirements; disciplinary actions; the Real Estate Administration and Disciplinary Board and its duties; the duties of the Real Estate Coordinator; the Advisory Council and its powers and duties; the licensure of continuing education schools and approval of courses; and the licensure of continuing education instructors Repeals Sections concerning the application for leasing agent licensure; the application for and issuance of broker or salesperson licensure; the education requirements for original broker or salesperson licensure; the expiration and renewal of broker or salesperson licensure; penalties and injunctions; and actions to enjoin. Makes other changes. Effective immediately.

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