Bill Amendment: IL HB4950 | 2025-2026 | 104th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: REAL ESTATE-VARIOUS

Status: 2026-06-01 - Rule 3-9(a) / Re-referred to Assignments [HB4950 Detail]

Download: Illinois-2025-HB4950-House_Amendment_001.html

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Rep. Jay Hoffman

Filed: 4/13/2026

 

 

 

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AMENDMENT TO HOUSE BILL 4950
AMENDMENT NO. ______. Amend House Bill 4950 by replacing
everything after the enacting clause with the following:
"Section 5. The Public Contract Fraud Act is amended by
changing Section 2 as follows:
(30 ILCS 545/2) (from Ch. 127, par. 132.52)
Sec. 2. Spending money without obtaining title to land;
approval of title by Attorney General.
(a) Except as otherwise provided in Section 2 of the
Superconducting Super Collider Act or for projects constructed
under the Bikeway Act, any person or persons, commissioner or
commissioners, or other officer or officers, entrusted with
the construction or repair of any public work or improvement,
as set forth in Section 1, who shall expend or cause to be
expended upon such public work or improvement, the whole or
any part of the moneys appropriated therefor, or who shall

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commence work, or in any way authorize work to be commenced,
thereon, without first having obtained a title, by purchase,
donation, condemnation or otherwise, to all lands needed for
such public work or improvement, running to the People of the
State of Illinois; such title to be approved by the Attorney
General, and his approval certified by the Secretary of State
and placed on record in his office, shall be deemed guilty of a
Class A misdemeanor.
(b) Approval of title by the Attorney General for all
lands needed for a public work or improvement shall not be
required as established under subsection (a) of this Section
and the State Comptroller may draw warrant in payment of
consideration for all such lands without requiring approval of
title by the Attorney General if consideration to be paid does
not exceed $25,000 and the title acquired for such lands is
for:
(1) a fee simple title or easement acquired by the
State for highway right-of-way; or
(2) an acquisition of rights or easements of access,
crossing, light, air or view to, from or over a freeway
vested in abutting property; or
(3) a fee simple title or easement used to place
utility lines and connect a permanent public work or
improvement owned by the State to main utility lines; or
(4) for the purpose of flood relief or other water
resource projects.

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(c) This Section does not apply to any otherwise lawful
expenditures for the construction, completion, remodeling,
maintenance and equipment of buildings and other facilities
made in connection with and upon premises owned by the
Illinois Building Authority, nor shall this Section apply to
improvements to real estate leased by any State agency as
defined in the Illinois State Auditing Act, provided the
leasehold improvements were contracted for by an agency with
leasing authority and in compliance with the rules and
regulations promulgated by such agency for that purpose.
(d) Notwithstanding subsection (a), the Department of
Transportation may proceed with bidding or awarding a contract
or any construction activities once it has complied with the
requirements for conditional certification under 23 CFR
635.309(c)(3).
The Department of Transportation shall comply with the
requirements under subsection (a) before expending funds on
construction activities or property acquisition related to
parcels that were outstanding at the time of conditional
certification under this subsection (d).
No construction activities shall be undertaken on any
property until the requirements under subsection (a) have been
met for that property. No delay costs shall be assessed
against the State until the Department of Transportation has
complied with subsection (a).
(Source: P.A. 103-865, eff. 1-1-25.)

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Section 10. The Real Estate Appraiser Licensing Act of
2002 is amended by changing Sections 1-10 and 5-5 as follows:
(225 ILCS 458/1-10)
(Section scheduled to be repealed on January 1, 2027)
Sec. 1-10. Definitions. As used in this Act, unless the
context otherwise requires:
"Accredited college or university, junior college, or
community college" means a college or university, junior
college, or community college that is approved or accredited
by the Board of Higher Education, a regional or national
accreditation association, or by an accrediting agency that is
recognized by the U.S. Secretary of Education.
"Address of record" means the designated street address,
which may not be a post office box, recorded by the Department
in the applicant's or licensee's application file or license
file as maintained by the Department.
"Applicant" means a person who applies to the Department
for a license under this Act.
"Appraisal" means (noun) the act or process of developing
an opinion of value; an opinion of value (adjective) of or
pertaining to appraising and related functions, such as
appraisal practice or appraisal services.
"Appraisal assignment" means a valuation service provided
pursuant to an agreement between an appraiser and a client.

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"Appraisal firm" means an appraisal entity that is 100%
owned and controlled by a person or persons licensed in
Illinois as a certified general real estate appraiser or a
certified residential real estate appraiser. "Appraisal firm"
does not include an appraisal management company.
"Appraisal management company" means any corporation,
limited liability company, partnership, sole proprietorship,
subsidiary, unit, or other business entity that directly or
indirectly: (1) provides appraisal management services to
creditors or secondary mortgage market participants, including
affiliates; (2) provides appraisal management services in
connection with valuing the consumer's principal dwelling as
security for a consumer credit transaction (including consumer
credit transactions incorporated into securitizations); and
(3) any appraisal management company that, within a given
12-month period, oversees an appraiser panel of 16 or more
State-certified appraisers in Illinois or 25 or more
State-certified or State-licensed appraisers in 2 or more
jurisdictions. "Appraisal management company" includes a
hybrid entity.
"Appraisal practice" means valuation services performed by
an individual acting as an appraiser, including, but not
limited to, appraisal or appraisal review.
"Appraisal qualification board (AQB)" means the
independent board of the Appraisal Foundation, which, under
the provisions of Title XI of the Financial Institutions

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Reform, Recovery, and Enforcement Act of 1989, establishes the
minimum education, experience, and examination requirements
for real property appraisers to obtain a state certification
or license.
"Appraisal report" means any communication, written or
oral, of an appraisal or appraisal review that is transmitted
to a client upon completion of an assignment.
"Appraisal review" means the act or process of developing
and communicating an opinion about the quality of another
appraiser's work that was performed as part of an appraisal,
appraisal review, or appraisal assignment.
"Appraisal Subcommittee" means the Appraisal Subcommittee
of the Federal Financial Institutions Examination Council as
established by Title XI.
"Appraiser" means a person who performs real estate or
real property appraisals competently and in a manner that is
independent, impartial, and objective.
"Appraiser panel" means a network, list, or roster of
licensed or certified appraisers approved by the appraisal
management company or by the end-user client to perform
appraisals as independent contractors for the appraisal
management company. "Appraiser panel" includes both appraisers
accepted by an appraisal management company for consideration
for future appraisal assignments and appraisers engaged by an
appraisal management company to perform one or more
appraisals. For the purposes of determining the size of an

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appraiser panel, only independent contractors of hybrid
entities shall be counted towards the appraiser panel.
"Associate real estate trainee appraiser" means an
entry-level appraiser who holds a license of this
classification under this Act with restrictions as to the
scope of practice in accordance with this Act.
"Automated valuation model" means an automated system that
is used to derive a property value through the use of available
property records and various analytic methodologies such as
comparable sales prices, home characteristics, and price
changes.
"Board" means the Real Estate Appraisal Administration and
Disciplinary Board.
"Broker price opinion" means an estimate or analysis of
the probable selling price of a particular interest in real
estate, which may provide a varying level of detail about the
property's condition, market, and neighborhood and information
on comparable sales. The activities of a real estate broker or
managing broker engaging in the ordinary course of business as
a broker, as defined in this Section, shall not be considered a
broker price opinion if no compensation is paid to the broker
or managing broker, other than compensation based upon the
sale or rental of real estate.
"Classroom hour" means 50 minutes of instruction out of
each 60-minute segment of coursework.
"Client" means the party or parties who engage an

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appraiser by employment or contract in a specific appraisal
assignment.
"Comparative market analysis" is an analysis or opinion
regarding pricing, marketing, or financial aspects relating to
a specified interest or interests in real estate that may be
based upon an analysis of comparative market data, the
expertise of the real estate broker or managing broker, and
such other factors as the broker or managing broker may deem
appropriate in developing or preparing such analysis or
opinion. The activities of a real estate broker or managing
broker engaging in the ordinary course of business as a
broker, as defined in this Section, shall not be considered a
comparative market analysis if no compensation is paid to the
broker or managing broker, other than compensation based upon
the sale or rental of real estate.
"Coordinator" means the Real Estate Appraisal Coordinator
created in Section 25-15.
"Department" means the Department of Financial and
Professional Regulation.
"Email address of record" means the designated email
address recorded by the Department in the applicant's
application file or the licensee's license file maintained by
the Department.
"Evaluation" means a valuation permitted by the appraisal
regulations of the Federal Financial Institutions Examination
Council and its federal agencies for transactions that qualify

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for the appraisal threshold exemption, business loan
exemption, or subsequent transaction exemption.
"Federal financial institutions regulatory agencies" means
the Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, the Office of the
Comptroller of the Currency, the Consumer Financial Protection
Bureau, and the National Credit Union Administration.
"Federally related transaction" means any real
estate-related financial transaction in which a federal
financial institutions regulatory agency engages in, contracts
for, or regulates and requires the services of an appraiser.
"Financial institution" means any bank, savings bank,
savings and loan association, credit union, mortgage broker,
mortgage banker, licensee under the Consumer Installment Loan
Act or the Sales Finance Agency Act, or a corporate fiduciary,
subsidiary, affiliate, parent company, or holding company of
any such licensee, or any institution involved in real estate
financing that is regulated by state or federal law.
"Hybrid entity" means an appraisal management company that
hires an appraiser as an employee to perform an appraisal and
engages an independent contractor to perform an appraisal.
"License" means the privilege conferred by the Department
to a person that has fulfilled all requirements prerequisite
to any type of licensure under this Act.
"Licensee" means any person licensed under this Act.
"Multi-state licensing system" means a web-based platform

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that allows an applicant to submit the application or license
renewal application to the Department online.
"Person" means an individual, entity, sole proprietorship,
corporation, limited liability company, partnership, and joint
venture, foreign or domestic, except that when the context
otherwise requires, the term may refer to more than one
individual or other described entity.
"Real estate" means an identified parcel or tract of land,
including any improvements.
"Real estate related financial transaction" means any
transaction involving:
(1) the sale, lease, purchase, investment in, or
exchange of real property, including interests in property
or the financing thereof;
(2) the refinancing of real property or interests in
real property; and
(3) the use of real property or interest in property
as security for a loan or investment, including mortgage
backed securities.
"Real property" means the interests, benefits, and rights
inherent in the ownership of real estate.
"Secretary" means the Secretary of Financial and
Professional Regulation or the Secretary's designee.
"State certified general real estate appraiser" means an
appraiser who holds a license of this classification under
this Act and such classification applies to the appraisal of

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all types of real property without restrictions as to the
scope of practice.
"State certified residential real estate appraiser" means
an appraiser who holds a license of this classification under
this Act and such classification applies to the appraisal of
one to 4 units of residential real property without regard to
transaction value or complexity, but with restrictions as to
the scope of practice in a federally related transaction in
accordance with Title XI, the provisions of USPAP, criteria
established by the AQB, and further defined by rule.
"Supervising appraiser" means either (i) an appraiser who
holds a valid license under this Act as either a State
certified general real estate appraiser or a State certified
residential real estate appraiser, who co-signs an appraisal
report for an associate real estate trainee appraiser or (ii)
a State certified general real estate appraiser who holds a
valid license under this Act who co-signs an appraisal report
for a State certified residential real estate appraiser on
properties other than one to 4 units of residential real
property without regard to transaction value or complexity.
"Title XI" means Title XI of the federal Financial
Institutions Reform, Recovery, and Enforcement Act of 1989.
"USPAP" means the Uniform Standards of Professional
Appraisal Practice as promulgated by the Appraisal Standards
Board pursuant to Title XI and by rule.
"Valuation services" means services pertaining to aspects

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of property value.
"Waiver valuation" means a valuation prepared pursuant to
the federal Uniform Relocation Assistance and Real Property
Acquisition Policies Act of 1970, as amended, or pursuant to
the federal Uniform Relocation Assistance and Real Property
Acquisition for Federal and Federally Assisted Programs
regulations under 49 CFR Part 24, which is not an appraisal and
may not be represented to be an appraisal.
(Source: P.A. 102-20, eff. 1-1-22; 102-687, eff. 12-17-21;
102-970, eff. 5-27-22; 103-236, eff. 1-1-24.)
(225 ILCS 458/5-5)
(Section scheduled to be repealed on January 1, 2027)
Sec. 5-5. Necessity of license; use of title; exemptions.
(a) It is unlawful for a person to (i) act, offer services,
or advertise services as a State certified general real estate
appraiser, State certified residential real estate appraiser,
or associate real estate trainee appraiser, (ii) develop a
real estate appraisal, (iii) practice as a real estate
appraiser, or (iv) advertise as a real estate appraiser
without a license issued under this Act. A person who violates
this subsection is guilty of a Class A misdemeanor for a first
offense and a Class 4 felony for any subsequent offense.
(a-5) It is unlawful for a person, unless registered as an
appraisal management company, to solicit clients or enter into
an appraisal engagement with clients without either a

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certified residential real estate appraiser license or a
certified general real estate appraiser license issued under
this Act. A person who violates this subsection is guilty of a
Class A misdemeanor for a first offense and a Class 4 felony
for any subsequent offense.
(b) It is unlawful for a person, other than a person who
holds a valid license issued pursuant to this Act as a State
certified general real estate appraiser, a State certified
residential real estate appraiser, or an associate real estate
trainee appraiser to use these titles or any other title,
designation, or abbreviation likely to create the impression
that the person is licensed as a real estate appraiser
pursuant to this Act. A person who violates this subsection is
guilty of a Class A misdemeanor for a first offense and a Class
4 felony for any subsequent offense.
(c) This Act does not apply to a person who holds a valid
license as a real estate broker or managing broker pursuant to
the Real Estate License Act of 2000 who prepares or provides a
broker price opinion or comparative market analysis in
compliance with Section 10-45 of the Real Estate License Act
of 2000.
(d) Nothing in this Act shall preclude a State certified
general real estate appraiser, a State certified residential
real estate appraiser, or an associate real estate trainee
appraiser from rendering appraisals for or on behalf of a
partnership, association, corporation, firm, or group.

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However, no State appraisal license or certification shall be
issued under this Act to a partnership, association,
corporation, firm, or group.
(e) This Act does not apply to a county assessor, township
assessor, multi-township assessor, county supervisor of
assessments, or any deputy or employee of any county assessor,
township assessor, multi-township assessor, or county
supervisor of assessments in performance of respective duties
in accordance with the provisions of the Property Tax Code.
(e-5) For the purposes of this Act, waiver valuations
valuation waivers may be prepared by a licensed appraiser
notwithstanding any other provision of this Act, and the
following types of valuations are not appraisals and may not
be represented to be appraisals, and a license or
certification is not required under this Act to perform such
valuations if the valuations are created in one of the
following manners: performed by (1) an employee of the
Illinois Department of Transportation who has completed a
minimum of 45 hours of course work in real estate appraisal,
including the principles of real estate appraisals, appraisal
of partial acquisitions, easement valuation, reviewing
appraisals in eminent domain, appraisal for federal aid
highway programs, and appraisal review for federal aid highway
programs and has at least 2 years' experience in a field
closely related to real estate; (2) a county engineer who is a
registered professional engineer under the Professional

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Engineering Practice Act of 1989; (3) an employee of a
municipality who has (i) completed a minimum of 45 hours of
coursework in real estate appraisal, including the principles
of real estate appraisals, appraisal of partial acquisitions,
easement valuation, reviewing appraisals in eminent domain,
appraisal for federal aid highway programs, and appraisal
review for federal aid highway programs and (ii) has either 2
years' experience in a field clearly related to real estate or
has completed 20 hours of additional coursework that is
sufficient for a person to complete waiver valuations as
approved by the Federal Highway Administration; or (4) a
municipal engineer who has completed coursework that is
sufficient for waiver valuations to be approved by the Federal
Highway Administration and who is a registered professional
engineer under the Professional Engineering Act of 1989, under
the following circumstances:
(A) a waiver valuation waiver in an amount not to
exceed $35,000 that $20,000 prepared pursuant to the
federal Uniform Relocation Assistance and Real Property
Acquisition Policies Act of 1970, or prepared pursuant to
the federal Uniform Relocation Assistance and Real
Property Acquisition for Federal and Federally-Assisted
Programs regulations and which is performed by:
(1) an employee of the Illinois Department of
Transportation who is a registered professional
engineer under the Professional Engineering Practice

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Act of 1989 or an employee of the Illinois Department
of Transportation that is and co-signed, with a
license number affixed, by another employee of the
Illinois Department of Transportation and who is a
registered professional engineer under the
Professional Engineering Practice Act of 1989, with a
license number affixed;
(2) a person who: (i) has at least 2 years'
experience in a field closely related to real estate;
(ii) has completed a minimum of 45 hours of course work
in real estate appraisal, including the principles of
real estate appraisals, appraisal of partial
acquisitions, easement valuation, reviewing appraisals
in eminent domain, appraisal for federal aid highway
programs, or appraisal review for federal aid highway
programs; and (iii) is an employee of the Illinois
Department of Transportation or an employee of a
consultant or subconsultant under contract to provide
land acquisition services to the Illinois Department
of Transportation;
(3) a county or municipal engineer who is a
registered professional engineer under the
Professional Engineering Practice Act of 1989, with an
engineer's signature and license number affixed;
(4) a municipal engineer who has completed
coursework that is sufficient for waiver valuations to

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be approved by the Federal Highway Administration and
who is a registered professional engineer under the
Professional Engineering Practice Act of 1989;
(5) or (2) an employee of a county or municipality
that is and co-signed with a license number affixed by
its respective a county or municipal engineer who is a
registered professional engineer under the
Professional Engineering Practice Act of 1989, with a
license number affixed;
(6) an employee of a municipality who:
(A) has completed a minimum of 45 hours of
coursework in real estate appraisal, including the
principles of real estate appraisals, appraisal of
partial acquisitions, easement valuation,
reviewing appraisals in eminent domain, appraisal
for federal aid highway programs, and appraisal
review for federal aid highway programs; and
(B) has either 2 years of experience in a
field clearly related to real estate or has
completed 20 hours of additional coursework that
is sufficient for the employee to complete waiver
valuations as approved by the Federal Highway
Administration; or
(7) a nonresident appraiser licensed in another
jurisdiction who does not represent himself or herself
to be an Illinois-licensed appraiser; or and

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(B) a waiver valuation waiver in an amount not to
exceed $50,000 that (1) is performed by a licensed
certified general real estate appraiser, a licensed
certified residential real estate appraiser, or an
associate real estate trainee appraiser employed by the
Illinois Department of Transportation, (2) includes the
signature and license numbers of the appraiser or the
trainee and the trainee's supervising appraiser, and (3)
is co-signed by an employee of the Illinois Department of
Transportation who is a registered professional engineer
under the Professional Engineering Practice Act of 1989,
with a license number affixed $20,000 prepared pursuant to
the federal Uniform Relocation Assistance and Real
Property Acquisition Policies Act of 1970, or prepared
pursuant to the federal Uniform Relocation Assistance and
Real Property Acquisition for Federal and
Federally-Assisted Programs regulations and which is
performed by a county or municipal engineer who is
employed by a county or municipality and is a registered
professional engineer under the Professional Engineering
Practice Act of 1989. The valuation shall include the
county or municipal engineer's signature and license
number.
Nothing in this subsection (e-5) shall be construed to
allow the State of Illinois, a political subdivision thereof,
or any public body to acquire real estate by eminent domain in

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any manner other than provided for in the Eminent Domain Act.
Any person who is certified or licensed under this Act and
performs a waiver valuation in accordance with (1) the
requirements of this subsection (e-5) and (2) the federal
Uniform Relocation Assistance and Real Property Acquisition
Policies Act of 1970, as amended, or pursuant to the federal
Uniform Relocation Assistance and Real Property Acquisition
for Federal and Federally Assisted Programs regulations under
49 CFR Part 24 shall be exempt from adherence to all relevant
provisions of the Uniform Standards of Professional Appraisal
Practice while conducting waiver valuations in accordance with
State and federal law. Nothing in this Act shall be construed
to exempt any person who is certified or licensed under this
Act from adhering to the Uniform Standards of Professional
Appraisal Practice while conducting appraisals in accordance
with this Act.
(f) A State real estate appraisal certification or license
is not required under this Act for any person, partnership,
association, or corporation that performs appraisals of
property owned by that person, partnership, association, or
corporation for the sole use of that person, partnership,
association, or corporation.
Any person who is certified or licensed under this Act and
who performs any of the activities set forth in this
subsection (f) must comply with the provisions of this Act. A
person who violates this subsection (f) is guilty of a Class A

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misdemeanor for a first offense and a Class 4 felony for any
subsequent offense.
(g) This Act does not apply to an employee, officer,
director, or member of a credit or loan committee of a
financial institution or any other person engaged by a
financial institution when performing an evaluation of real
property for the sole use of the financial institution in a
transaction for which the financial institution would not be
required to use the services of a State licensed or State
certified appraiser pursuant to federal regulations adopted
under Title XI of the federal Financial Institutions Reform,
Recovery, and Enforcement Act of 1989.
(h) This Act does not apply to the procurement of an
automated valuation model.
(Source: P.A. 102-20, eff. 1-1-22.)
Section 15. The Illinois Highway Code is amended by
changing Section 4-501 as follows:
(605 ILCS 5/4-501) (from Ch. 121, par. 4-501)
Sec. 4-501. The Department, in its name, or any county may
acquire the fee simple title, or such lesser interest as may be
desired, to any public or private land, rights, or other
property necessary for the construction, maintenance or
operation of State highways, or necessary for locating,
relocating, extending, widening or straightening any State

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highway, or necessary for locating, relocating, extending,
widening or straightening an existing street or for laying
out, establishing or opening a new street within the corporate
limits of any municipality which has been designated by the
Department as a street to form a part of or to connect with a
State highway leading up to the corporate limits of such
municipality, or necessary for any other purpose or use
contemplated by this Code by purchase or by the exercise of the
right of eminent domain under the eminent domain laws of this
State and the Department shall not be required, in any case, to
furnish bond.
When, in the judgment of the acquiring agency, it is more
practical and economical to acquire the fee to the
inaccessible remnants of the tracts of land from which
rights-of-way are being acquired than to pay severance
damages, such agency may do so by purchase or by an eminent
domain proceeding.
When a part of a parcel of land is to be taken for State
highway purposes and the accessible remnant is to be left in a
shape or condition rendering it of little value to the owner or
giving rise to claims for severance or other damages, upon
written request of the owner, the acquiring agency may take
the whole parcel and may sell or exchange the part not needed
for highway purposes.
When acquiring land for a highway on a new location, and
when a parcel of land one acre or less in area contains a

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single family residence, which is in conformance with existing
zoning ordinances, and only a part of that parcel is required
for State highway purposes causing the remainder of the parcel
not to conform with the existing zoning ordinances, or when
the location of the right of way line of the proposed highway
reduces the distance from an existing single family residence
to the right of way line to 10 feet or less, the acquiring
agency shall, if the owner so demands, take the whole parcel by
negotiation or condemnation. The part not needed for highway
purposes may be rented, sold or exchanged by the acquiring
agency.
When any farm land is acquired for State highway purposes
by the exercise of the right of eminent domain, the rate of
compensation to be paid by the acquiring agency shall be
computed by taking into consideration the total acreage
originally involved in the farm land parcel, including that
portion of such parcel already part of a right of way for
highway purposes but for which legal title lies in the owner of
the parcel.
(Source: P.A. 81-536.)
Section 99. Effective date. This Act takes effect upon
becoming law.".