(225 ILCS 454/5-5)
(Section scheduled to be repealed on January 1, 2030)
Sec. 5-5. Residential leasing agent license.
(a) The purpose of this Section is to provide for a limited scope license to
enable persons who
wish to engage in activities limited to the leasing of residential real
property for which a license is
required under this Act, and only those activities, to do so by obtaining a
license
under this Section.
(b) Notwithstanding the other provisions of this Act, there is hereby
created a residential leasing agent
license that shall enable the licensee to engage only in residential leasing
activities for which a
license is required under this Act. Such activities include leasing or renting
residential real property, or attempting, offering, or negotiating to lease or
rent residential real property, or
supervising the collection, offer, attempt, or agreement to collect rent for
the use of
residential real
property. Nothing in this
Section shall be construed to require a licensed managing broker or
broker to obtain a residential leasing
agent license in order to perform leasing activities for which a license is
required under this Act. Licensed residential leasing agents, including those operating under subsection (d), may engage in activities enumerated within the definition of "residential leasing agent" in Section 1-10 of this Act and may not engage in any activity that would otherwise require a broker's license, including, but not limited to, selling, offering for sale, negotiating for sale, listing or showing for sale, or referring for sale or commercial lease real estate.
Licensed residential leasing agents must be sponsored and employed by a sponsoring broker.
(c) The Department, by rule and in accordance with this Act, shall provide for the
licensing of residential leasing
agents, including the issuance, renewal, and administration of licenses.
(d) Notwithstanding any other provisions of this Act to the contrary, a
person may engage in
residential leasing activities for which a license is required under this Act,
for a period of 120
consecutive days without being licensed, so long as the person is acting under
the supervision of a
sponsoring broker, the sponsoring broker has notified the Department that the person is
pursuing licensure
under this Section, and the person has enrolled in the residential leasing agent pre-license education course no later than 60 days after beginning to engage in residential leasing activities. During the 120-day period all requirements of Sections
5-10
and 5-65 of this Act
with respect to education, successful completion of an examination, and the
payment of all required
fees must be satisfied. The Department may adopt rules to ensure that the provisions of
this subsection are
not used in a manner that enables an unlicensed person to repeatedly or
continually engage in
activities for which a license is required under this Act.
(Source: P.A. 100-188, eff. 1-1-18; 101-357, eff. 8-9-19.)
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