Bill Title: Amends the Real Estate License Act of 2000. Provides that a real estate broker or managing broker may not engage in discrimination when preparing a broker price opinion or comparative market analysis for residential real estate. Provides that a real estate broker or managing broker engages in discrimination when he or she considers the actual or perceived race, color, religion, or national origin of the owner of the real estate or the residents of the geographic area in which the real estate is located when determining the market value of the real estate. Amends the Real Estate Appraiser Licensing Act of 2002. Provides that an appraiser may not engage in discrimination when preparing a comparative market analysis for residential real estate. Provides that an appraiser engages in discrimination when he or she considers the actual or perceived race, color, religion, or national origin of the owner of the real estate or the residents of the geographic area in which the real estate is located when determining the market value of the real estate. Provides for a private right of action in the circuit court and a civil action initiated by the Illinois Attorney General. Provides for professional discipline of brokers and appraisers who engage in discrimination.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-11-10 - Referred to Rules Committee [HB5862 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-11-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5862

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5862 currently on file.

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