(225 ILCS 407/5-5)
(Section scheduled to be repealed on January 1, 2030)
The General Assembly finds that Illinois
does not have the
ability, without legislation, to enter into reciprocal agreements with other
states to allow residents
of Illinois to practice auctioneering in other states. This body further finds
that, without legislation,
Illinois does not have the ability to evaluate the competency of persons
engaged in the auction
business or to regulate this business for the protection of the public.
Therefore, it is the purpose of
this Act to license and regulate auctioneers.
(Source: P.A. 91-603, eff. 1-1-00