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Illinois Compiled Statutes

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS
(225 ILCS 458/) Real Estate Appraiser Licensing Act of 2002.

225 ILCS 458/Art. 20

 
    (225 ILCS 458/Art. 20 heading)
ARTICLE 20. EDUCATION PROVISIONS
(Scheduled to be repealed on January 1, 2022)

225 ILCS 458/20-5

    (225 ILCS 458/20-5)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 20-5. Education providers.
    (a) Beginning July 1, 2002, only education providers licensed or otherwise approved by the Department may provide the qualifying and continuing education courses required for licensure under this Act.
    (b) A person or entity seeking to be licensed as an education provider under this Act shall provide satisfactory evidence of the following:
        (1) a sound financial base for establishing,
    
promoting, and delivering the necessary courses;
        (2) a sufficient number of qualified instructors;
        (3) adequate support personnel to assist with
    
administrative matters and technical assistance;
        (4) a written policy dealing with procedures for
    
management of grievances and fee refunds;
        (5) a qualified administrator, who is responsible for
    
the administration of the education provider, courses, and the actions of the instructors; and
        (6) any other requirements as provided by rule.
    (c) All applicants for an education provider's license shall make initial application to the Department on forms provided by the Department, or through a multi-state licensing system as designated by the Secretary, and pay the appropriate fee as provided by rule. The term, expiration date, and renewal of an education provider's license shall be established by rule.
    (d) An education provider shall provide each successful course participant with a certificate of completion signed by the school administrator. The format and content of the certificate shall be specified by rule.
    (e) All education providers shall provide to the Department a monthly roster of all successful course participants as provided by rule.
(Source: P.A. 100-604, eff. 7-13-18.)

225 ILCS 458/20-10

    (225 ILCS 458/20-10)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 20-10. Course approval.
    (a) Only courses offered by licensed education providers and approved by the Department, courses approved by the AQB, or courses approved by jurisdictions regulated by the Appraisal Subcommittee shall be used to meet the requirements of this Act and rules.
    (b) An education provider licensed under this Act may submit courses to the Department, or through a multi-state licensing system as designated by the Secretary, for approval. The criteria, requirements, and fees for courses shall be established by rule in accordance with this Act and the criteria established by the AQB.
    (c) For each course approved, the Department shall issue a license to the education provider. The term, expiration date, and renewal of a course approval shall be established by rule.
    (d) An education provider must use an instructor for each course approved by the Department who (i) holds a valid real estate appraisal license in good standing as a State certified general real estate appraiser or a State certified residential real estate appraiser in Illinois or any other jurisdiction monitored by the Appraisal Subcommittee, (ii) holds a valid teaching certificate issued by the State of Illinois, (iii) is a faculty member in good standing with an accredited college or university or community college, or (iv) is an approved appraisal instructor from an appraisal organization that is a member of the Appraisal Foundation.
(Source: P.A. 100-604, eff. 7-13-18.)