IL SB3393 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Real Estate License Act of 2000. Removes provisions relating to sponsor cards issued by sponsoring brokers to managing brokers, brokers, or leasing agents. Adds provisions requiring a sponsoring broker to notify the Department of Financial and Professional Regulation within 24 hours of a sponsorship of a licensee in a manner provided by rule. When a licensee's employment with a sponsoring broker is terminated, requires the licensee and sponsoring broker to notify the Department of the termination within 24 hours in a manner provided by rule. Provides that the failure to provide that notification shall subject the sponsoring broker or licensee to discipline. Adds provisions regarding the Department's recognition of a sponsorship by a sponsoring broker. Makes conforming and other changes. Effective immediately.
Title
REAL ESTATE ACT-SPONSOR CARDS
Sponsors
Sen. Bill Brady [R] |
History
Date | Chamber | Action |
---|---|---|
2019-01-09 | Senate | Session Sine Die |
2018-09-30 | Senate | Chief Sponsor Changed to Sen. William E. Brady |
2018-04-13 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2018-02-27 | Senate | Assigned to Licensed Activities and Pensions |
2018-02-16 | Senate | Referred to Assignments |
2018-02-16 | Senate | First Reading |
2018-02-16 | Senate | Filed with Secretary by Sen. Pamela J. Althoff |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
225 | 454 | 1-10 | Amended Code | Citation Text |
225 | 454 | 20-20 | Amended Code | Citation Text |
225 | 454 | 5-10 | Amended Code | Citation Text |
225 | 454 | 5-15 | Amended Code | Citation Text |
225 | 454 | 5-27 | Amended Code | Citation Text |
225 | 454 | 5-28 | Amended Code | Citation Text |
225 | 454 | 5-40 | Amended Code | Citation Text |
225 | 454 | 5-50 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3393&GAID=14&DocTypeID=SB&SessionID=91&GA=100 |
Text | https://www.ilga.gov/legislation/100/SB/10000SB3393.htm |