Bill Title: Amends the Real Estate Appraiser Licensing Act of 2002 and Appraisal Management Company Registration Act. Provides that the Secretary of Financial and Professional Regulation may require participation in a third-party, multi-state licensing system for the licensing of certified general real estate appraisers, certified residential real estate appraisers, associate real estate trainee appraisers, and real estate appraisal education providers; and registration of appraisal management companies. Makes corresponding changes in both Acts. Provides that the multi-state licensing system may share regulatory information and maintain records in compliance with the provisions of the Acts. Provides that the multi-state licensing system may charge an applicant an administration fee that shall be paid directly to the system. Defines "multi-state licensing system". In provisions of the Real Estate Appraiser Licensing Act of 2002 concerning criminal history record checks, provides that the Secretary may designate a multi-state licensing system to perform the checks. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Failed) 2019-01-09 - Session Sine Die [SB2852 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2018-04-17	HTML/Text	Link	View
Introduced	2018-02-13	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2852

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2852 currently on file.