(225 ILCS 458/5-40)
(Section scheduled to be repealed on January 1, 2027)
Sec. 5-40. Qualifying experience requirements. The
prerequisite experience necessary for a person to be approved to sit for the
examination
for licensure as a State certified general real estate
appraiser or a State certified
residential real
estate appraiser shall be established by
rule.
(Source: P.A. 98-1109, eff. 1-1-15 .)
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(225 ILCS 458/5-45)
(Section scheduled to be repealed on January 1, 2027)
Sec. 5-45. Continuing education renewal requirements.
(a) The continuing education requirements for a person to renew a license as
a State certified general
real estate appraiser
or
a State certified residential real estate appraiser
shall be
established by rule.
(b) The continuing education requirements for a person to
renew a license as an associate real estate trainee appraiser shall be
established by rule.
(c) Notwithstanding any other provision of this Act to the contrary, the Department shall establish a continuing education completion deadline for appraisal licensees and require evidence of compliance with the continuing education requirements before the renewal of a license. (Source: P.A. 100-831, eff. 1-1-19 .)
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(225 ILCS 458/5-50)
(Section scheduled to be repealed on January 1, 2027)
Sec. 5-50. Temporary practice permits. A nonresident appraiser who holds
a valid appraiser
license in another state, territory, possession of the United States, or the
District of Columbia may be
granted a temporary practice permit to practice as an appraiser in the State of
Illinois upon making
an application and paying the applicable fees as
established by rule.
(Source: P.A. 98-1109, eff. 1-1-15 .)
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(225 ILCS 458/5-55)
(Section scheduled to be repealed on January 1, 2027)
Sec. 5-55. Fees. (a) The Department
shall establish rules for fees to be paid by applicants and licensees to
cover the reasonable costs
of the Department
in administering and enforcing the provisions of this Act. The Department, with the advice of the Board,
may
also establish rules for
general fees to cover the reasonable expenses of carrying out other functions
and responsibilities under
this Act.
(b) The administration fee charged by the multi-state licensing system shall be paid directly to the multi-state licensing system. (Source: P.A. 100-604, eff. 7-13-18 .)
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(225 ILCS 458/Art. 10 heading) ARTICLE 10.
BUSINESS PRACTICE PROVISIONS
(Scheduled to be repealed on January 1, 2027)
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(225 ILCS 458/10-5)
(Section scheduled to be repealed on January 1, 2027)
Sec. 10-5. Scope of practice.
(a) This Act does not limit a
State
certified general real estate appraiser's scope of practice in
a federally related transaction. A State certified general real estate appraiser
may independently provide
appraisal
services, review, or consult related to any type of property for which there is related experience or
competency by the appraiser. All such appraisal
practice must be made in accordance with the provisions of USPAP, criteria
established by the AQB, and rules adopted pursuant to this Act.
(b) A State certified residential real estate appraiser is limited in scope of practice
to
the provisions of USPAP, criteria established by the AQB, and the
rules adopted pursuant to this Act.
(c) A State certified residential real estate appraiser must have a State certified general real estate appraiser who holds a valid license under this Act co-sign all appraisal reports on properties other than one to 4 units of residential real property without regard to transaction value or complexity.
(d) An associate real estate trainee appraiser is limited in scope of
practice in all transactions or appraisal reports in accordance with the provisions of
USPAP, this
Act, and the rules adopted pursuant to this Act. An associate real estate trainee appraiser shall be required to have
a State certified
general real estate
appraiser or State certified residential real estate appraiser who holds a
valid license under this Act
to co-sign all appraisal reports. A supervising appraiser may not supervise more than 3 associate real estate trainee appraisers at one time. Associate real estate trainee appraisers shall not be limited in the number of concurrent supervising appraisers. A chronological appraisal log on an approved log form shall be maintained by the associate real estate trainee appraiser and shall be made available to the Department upon request.
Notwithstanding any other provision of this subsection to the contrary, the Appraisal Qualification Board may establish alternative experience requirements as an associate real estate trainee appraiser that is adopted by rule.
(Source: P.A. 102-20, eff. 1-1-22; 103-236, eff. 1-1-24 .)
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