Bill Text: IL SB1655 | 2013-2014 | 98th General Assembly | Chaptered


Bill Title: Amends the Community-Integrated Living Arrangements Licensure and Certification Act. Provides that the Director of the Division of Developmental Disabilities within the Department of Human Services shall appoint a Community Regulatory Advisory Board to consult with the Department. Provides for Advisory Board membership. Requires that the Advisory Board meet at least 4 times each year. Provides that the Advisory Board shall advise the Department on all aspects of the Department's responsibilities under the Act, including the format and content of any rules proposed by the Division of Developmental Disabilities, as requested by the Department. Provides that with certain exceptions, no rule of the Department implementing the Act that is proposed by the Department on or after the effective date of the amendatory Act is valid or effective against any person or party, nor may it be invoked by the Department for any purpose, unless the Department has first sought the advice of the Advisory Board with respect to that rule. Provides that if the Department requests the Advisory Board's advice with respect to a proposed rule, and if the Advisory Board fails to advise the Department as to that proposed rule within 90 days after the Department's request, the Advisory Board shall be deemed to have given its approval of that proposed rule. Provides for Department staff and technical support to the Advisory Board. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Passed) 2013-08-23 - Public Act . . . . . . . . . 98-0531 [SB1655 Detail]

Download: Illinois-2013-SB1655-Chaptered.html



Public Act 098-0531
SB1655 EnrolledLRB098 06406 DRJ 40611 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Real Estate License Act of 2000 is amended
by changing Sections 1-10, 5-27, 5-28, 5-50, 5-70, and 10-25 as
follows:
(225 ILCS 454/1-10)
(Section scheduled to be repealed on January 1, 2020)
Sec. 1-10. Definitions. In this Act, unless the context
otherwise requires:
"Act" means the Real Estate License Act of 2000.
"Address of Record" means the designated address recorded
by the Department in the applicant's or licensee's application
file or license file as maintained by the Department's
licensure maintenance unit. It is the duty of the applicant or
licensee to inform the Department of any change of address, and
those changes must be made either through the Department's
website or by contacting the Department.
"Advisory Council" means the Real Estate Education
Advisory Council created under Section 30-10 of this Act.
"Agency" means a relationship in which a real estate broker
or licensee, whether directly or through an affiliated
licensee, represents a consumer by the consumer's consent,
whether express or implied, in a real property transaction.
"Applicant" means any person, as defined in this Section,
who applies to the Department for a valid license as a real
estate broker, real estate salesperson, or leasing agent.
"Blind advertisement" means any real estate advertisement
that does not include the sponsoring broker's business name and
that is used by any licensee regarding the sale or lease of
real estate, including his or her own, licensed activities, or
the hiring of any licensee under this Act. The broker's
business name in the case of a franchise shall include the
franchise affiliation as well as the name of the individual
firm.
"Board" means the Real Estate Administration and
Disciplinary Board of the Department as created by Section
25-10 of this Act.
"Branch office" means a sponsoring broker's office other
than the sponsoring broker's principal office.
"Broker" means an individual, partnership, limited
liability company, corporation, or registered limited
liability partnership other than a real estate salesperson or
leasing agent who, whether in person or through any media or
technology, for another and for compensation, or with the
intention or expectation of receiving compensation, either
directly or indirectly:
(1) Sells, exchanges, purchases, rents, or leases real
estate.
(2) Offers to sell, exchange, purchase, rent, or lease
real estate.
(3) Negotiates, offers, attempts, or agrees to
negotiate the sale, exchange, purchase, rental, or leasing
of real estate.
(4) Lists, offers, attempts, or agrees to list real
estate for sale, lease, or exchange.
(5) Buys, sells, offers to buy or sell, or otherwise
deals in options on real estate or improvements thereon.
(6) Supervises the collection, offer, attempt, or
agreement to collect rent for the use of real estate.
(7) Advertises or represents himself or herself as
being engaged in the business of buying, selling,
exchanging, renting, or leasing real estate.
(8) Assists or directs in procuring or referring of
leads or prospects, intended to result in the sale,
exchange, lease, or rental of real estate.
(9) Assists or directs in the negotiation of any
transaction intended to result in the sale, exchange,
lease, or rental of real estate.
(10) Opens real estate to the public for marketing
purposes.
(11) Sells, leases, or offers for sale or lease real
estate at auction.
"Brokerage agreement" means a written or oral agreement
between a sponsoring broker and a consumer for licensed
activities to be provided to a consumer in return for
compensation or the right to receive compensation from another.
Brokerage agreements may constitute either a bilateral or a
unilateral agreement between the broker and the broker's client
depending upon the content of the brokerage agreement. All
exclusive brokerage agreements shall be in writing.
"Client" means a person who is being represented by a
licensee.
"Compensation" means the valuable consideration given by
one person or entity to another person or entity in exchange
for the performance of some activity or service. Compensation
shall include the transfer of valuable consideration,
including without limitation the following:
(1) commissions;
(2) referral fees;
(3) bonuses;
(4) prizes;
(5) merchandise;
(6) finder fees;
(7) performance of services;
(8) coupons or gift certificates;
(9) discounts;
(10) rebates;
(11) a chance to win a raffle, drawing, lottery, or
similar game of chance not prohibited by any other law or
statute;
(12) retainer fee; or
(13) salary.
"Confidential information" means information obtained by a
licensee from a client during the term of a brokerage agreement
that (i) was made confidential by the written request or
written instruction of the client, (ii) deals with the
negotiating position of the client, or (iii) is information the
disclosure of which could materially harm the negotiating
position of the client, unless at any time:
(1) the client permits the disclosure of information
given by that client by word or conduct;
(2) the disclosure is required by law; or
(3) the information becomes public from a source other
than the licensee.
"Confidential information" shall not be considered to
include material information about the physical condition of
the property.
"Consumer" means a person or entity seeking or receiving
licensed activities.
"Continuing education school" means any person licensed by
the Department as a school for continuing education in
accordance with Section 30-15 of this Act.
"Coordinator" means the Coordinator of Real Estate created
in Section 25-15 of this Act.
"Credit hour" means 50 minutes of classroom instruction in
course work that meets the requirements set forth in rules
adopted by the Department.
"Customer" means a consumer who is not being represented by
the licensee but for whom the licensee is performing
ministerial acts.
"Department" means the Department of Financial and
Professional Regulation.
"Designated agency" means a contractual relationship
between a sponsoring broker and a client under Section 15-50 of
this Act in which one or more licensees associated with or
employed by the broker are designated as agent of the client.
"Designated agent" means a sponsored licensee named by a
sponsoring broker as the legal agent of a client, as provided
for in Section 15-50 of this Act.
"Dual agency" means an agency relationship in which a
licensee is representing both buyer and seller or both landlord
and tenant in the same transaction. When the agency
relationship is a designated agency, the question of whether
there is a dual agency shall be determined by the agency
relationships of the designated agent of the parties and not of
the sponsoring broker.
"Employee" or other derivative of the word "employee", when
used to refer to, describe, or delineate the relationship
between a real estate broker and a real estate salesperson,
another real estate broker, or a leasing agent, shall be
construed to include an independent contractor relationship,
provided that a written agreement exists that clearly
establishes and states the relationship. All responsibilities
of a broker shall remain.
"Escrow moneys" means all moneys, promissory notes or any
other type or manner of legal tender or financial consideration
deposited with any person for the benefit of the parties to the
transaction. A transaction exists once an agreement has been
reached and an accepted real estate contract signed or lease
agreed to by the parties. Escrow moneys includes without
limitation earnest moneys and security deposits, except those
security deposits in which the person holding the security
deposit is also the sole owner of the property being leased and
for which the security deposit is being held.
"Electronic means of proctoring" means a methodology
providing assurance that the person taking a test and
completing the answers to questions is the person seeking
licensure or credit for continuing education and is doing so
without the aid of a third party or other device.
"Exclusive brokerage agreement" means a written brokerage
agreement that provides that the sponsoring broker has the sole
right, through one or more sponsored licensees, to act as the
exclusive designated agent or representative of the client and
that meets the requirements of Section 15-75 of this Act.
"Inoperative" means a status of licensure where the
licensee holds a current license under this Act, but the
licensee is prohibited from engaging in licensed activities
because the licensee is unsponsored or the license of the
sponsoring broker with whom the licensee is associated or by
whom he or she is employed is currently expired, revoked,
suspended, or otherwise rendered invalid under this Act.
"Interactive delivery method" means delivery of a course by
an instructor through a medium allowing for 2-way communication
between the instructor and a student in which either can
initiate or respond to questions.
"Leads" means the name or names of a potential buyer,
seller, lessor, lessee, or client of a licensee.
"Leasing Agent" means a person who is employed by a real
estate broker to engage in licensed activities limited to
leasing residential real estate who has obtained a license as
provided for in Section 5-5 of this Act.
"License" means the document issued by the Department
certifying that the person named thereon has fulfilled all
requirements prerequisite to licensure under this Act.
"Licensed activities" means those activities listed in the
definition of "broker" under this Section.
"Licensee" means any person, as defined in this Section,
who holds a valid unexpired license as a real estate broker,
real estate salesperson, or leasing agent.
"Listing presentation" means a communication between a
real estate broker or salesperson and a consumer in which the
licensee is attempting to secure a brokerage agreement with the
consumer to market the consumer's real estate for sale or
lease.
"Managing broker" means a broker who has supervisory
responsibilities for licensees in one or, in the case of a
multi-office company, more than one office and who has been
appointed as such by the sponsoring broker.
"Medium of advertising" means any method of communication
intended to influence the general public to use or purchase a
particular good or service or real estate.
"Ministerial acts" means those acts that a licensee may
perform for a consumer that are informative or clerical in
nature and do not rise to the level of active representation on
behalf of a consumer. Examples of these acts include without
limitation (i) responding to phone inquiries by consumers as to
the availability and pricing of brokerage services, (ii)
responding to phone inquiries from a consumer concerning the
price or location of property, (iii) attending an open house
and responding to questions about the property from a consumer,
(iv) setting an appointment to view property, (v) responding to
questions of consumers walking into a licensee's office
concerning brokerage services offered or particular
properties, (vi) accompanying an appraiser, inspector,
contractor, or similar third party on a visit to a property,
(vii) describing a property or the property's condition in
response to a consumer's inquiry, (viii) completing business or
factual information for a consumer on an offer or contract to
purchase on behalf of a client, (ix) showing a client through a
property being sold by an owner on his or her own behalf, or
(x) referral to another broker or service provider.
"Office" means a real estate broker's place of business
where the general public is invited to transact business and
where records may be maintained and licenses displayed, whether
or not it is the broker's principal place of business.
"Person" means and includes individuals, entities,
corporations, limited liability companies, registered limited
liability partnerships, and partnerships, foreign or domestic,
except that when the context otherwise requires, the term may
refer to a single individual or other described entity.
"Personal assistant" means a licensed or unlicensed person
who has been hired for the purpose of aiding or assisting a
sponsored licensee in the performance of the sponsored
licensee's job.
"Pocket card" means the card issued by the Department to
signify that the person named on the card is currently licensed
under this Act.
"Pre-license school" means a school licensed by the
Department offering courses in subjects related to real estate
transactions, including the subjects upon which an applicant is
examined in determining fitness to receive a license.
"Pre-renewal period" means the period between the date of
issue of a currently valid license and the license's expiration
date.
"Proctor" means any person, including, but not limited to,
an instructor, who has a written agreement to administer
examinations fairly and impartially with a licensed
pre-license school or a licensed continuing education school.
"Real estate" means and includes leaseholds as well as any
other interest or estate in land, whether corporeal,
incorporeal, freehold, or non-freehold, including timeshare
interests, and whether the real estate is situated in this
State or elsewhere.
"Regular employee" means a person working an average of 20
hours per week for a person or entity who would be considered
as an employee under the Internal Revenue Service eleven main
tests in three categories being behavioral control, financial
control and the type of relationship of the parties, formerly
the twenty factor test.
"Salesperson" means any individual, other than a real
estate broker or leasing agent, who is employed by a real
estate broker or is associated by written agreement with a real
estate broker as an independent contractor and participates in
any activity described in the definition of "broker" under this
Section.
"Secretary" means the Secretary of the Department of
Financial and Professional Regulation, or a person authorized
by the Secretary to act in the Secretary's stead.
"Sponsoring broker" means the broker who has issued a
sponsor card to a licensed salesperson, another licensed
broker, or a leasing agent.
"Sponsor card" means the temporary permit issued by the
sponsoring real estate broker certifying that the real estate
broker, real estate salesperson, or leasing agent named thereon
is employed by or associated by written agreement with the
sponsoring real estate broker, as provided for in Section 5-40
of this Act.
(Source: P.A. 96-856, eff. 12-31-09.)
(225 ILCS 454/5-27)
(Section scheduled to be repealed on January 1, 2020)
Sec. 5-27. Requirements for licensure as a broker.
(a) Every applicant for licensure as a broker must meet the
following qualifications:
(1) Be at least 21 years of age. After April 30, 2011,
the minimum age of 21 years shall be waived for any person
seeking a license as a broker who has attained the age of
18 and can provide evidence of the successful completion of
at least 4 semesters of post-secondary school study as a
full-time student or the equivalent, with major emphasis on
real estate courses, in a school approved by the
Department;
(2) Be of good moral character;
(3) Successfully complete a 4-year course of study in a
high school or secondary school approved by the Illinois
State Board of Education or an equivalent course of study
as determined by an examination conducted by the Illinois
State Board of Education which shall be verified under oath
by the applicant;
(4) Prior to May 1, 2011, provide (i) satisfactory
evidence of having completed at least 120 classroom hours,
45 of which shall be those hours required to obtain a
salesperson's license plus 15 hours in brokerage
administration courses, in real estate courses approved by
the Advisory Council or (ii) for applicants who currently
hold a valid real estate salesperson's license, give
satisfactory evidence of having completed at least 75 hours
in real estate courses, not including the courses that are
required to obtain a salesperson's license, approved by the
Advisory Council;
(5) After April 30, 2011, provide satisfactory
evidence of having completed 90 hours of instruction in
real estate courses approved by the Advisory Council, 15
hours of which must consist of situational and case studies
presented in the classroom or by other interactive delivery
method presenting instruction and real time discussion
between the instructor and the students;
(6) Personally take and pass a written examination
authorized by the Department;
(7) Present a valid application for issuance of a
license accompanied by a sponsor card and the fees
specified by rule.
(b) The requirements specified in items (4) and (5) of
subsection (a) of this Section do not apply to applicants who
are currently admitted to practice law by the Supreme Court of
Illinois and are currently in active standing.
(c) No applicant shall engage in any of the activities
covered by this Act until a valid sponsor card has been issued
to such applicant. The sponsor card shall be valid for a
maximum period of 45 days after the date of issuance unless
extended for good cause as provided by rule.
(d) All licenses should be readily available to the public
at their place of business.
(e) An individual holding an active license as a managing
broker may return the license to the Department along with a
form provided by the Department and shall be issued a broker's
license in exchange. Any individual obtaining a broker's
license under this subsection (e) shall be considered as having
obtained a broker's license by education and passing the
required test and shall be treated as such in determining
compliance with this Act.
(Source: P.A. 96-856, eff. 12-31-09.)
(225 ILCS 454/5-28)
(Section scheduled to be repealed on January 1, 2020)
Sec. 5-28. Requirements for licensure as a managing broker.
(a) Effective May 1, 2012, every applicant for licensure as
a managing broker must meet the following qualifications:
(1) be at least 21 years of age;
(2) be of good moral character;
(3) have been licensed at least 2 out of the preceding
3 years as a real estate broker or salesperson;
(4) successfully complete a 4-year course of study in
high school or secondary school approved by the Illinois
State Board of Education or an equivalent course of study
as determined by an examination conducted by the Illinois
State Board of Education, which shall be verified under
oath by the applicant;
(5) provide satisfactory evidence of having completed
at least 165 hours, 120 of which shall be those hours
required pre and post-licensure to obtain a broker's
license, and 45 additional hours completed within the year
immediately preceding the filing of an application for a
managing broker's license, which hours shall focus on
brokerage administration and management and include at
least 15 hours in the classroom or by other interactive
delivery method presenting instructional and real time
discussion between the instructor and the students;
(6) personally take and pass a written examination
authorized by the Department; and
(7) present a valid application for issuance of a
license accompanied by a sponsor card, an appointment as a
managing broker, and the fees specified by rule.
(b) The requirements specified in item (5) of subsection
(a) of this Section do not apply to applicants who are
currently admitted to practice law by the Supreme Court of
Illinois and are currently in active standing.
(c) No applicant shall act as a managing broker for more
than 90 days after an appointment as a managing broker has been
filed with the Department without obtaining a managing broker's
license.
(Source: P.A. 96-856, eff. 12-31-09.)
(225 ILCS 454/5-50)
(Section scheduled to be repealed on January 1, 2020)
Sec. 5-50. Expiration and renewal of managing broker,
broker, salesperson, or leasing agent license; sponsoring
broker; register of licensees; pocket card.
(a) The expiration date and renewal period for each license
issued under this Act shall be set by rule, except that the
first renewal period ending after the effective date of this
Act for those licensed as a salesperson shall be extended
through April 30, 2012. Except as otherwise provided in this
Section, the holder of a license may renew the license within
90 days preceding the expiration date thereof by completing the
continuing education required by this Act and paying the fees
specified by rule.
(b) An individual whose first license is that of a broker
received after April 30, 2011, must provide evidence of having
completed 30 hours of post-license education in courses
approved by the Advisory Council, 15 hours of which must
consist of situational and case studies presented in the
classroom or by other interactive delivery method presenting
instruction and real time discussion between the instructor and
the students, and personally take and pass an examination
approved by the Department prior to the first renewal of their
broker's license.
(c) Any salesperson until April 30, 2011 or any managing
broker, broker, or leasing agent whose license under this Act
has expired shall be eligible to renew the license during the
2-year period following the expiration date, provided the
managing broker, broker, salesperson, or leasing agent pays the
fees as prescribed by rule and completes continuing education
and other requirements provided for by the Act or by rule.
Beginning on May 1, 2012, a managing broker licensee, broker,
or leasing agent whose license has been expired for more than 2
years but less than 5 years may have it restored by (i)
applying to the Department, (ii) paying the required fee, (iii)
completing the continuing education requirements for the most
recent pre-renewal period that ended prior to the date of the
application for reinstatement, and (iv) filing acceptable
proof of fitness to have his or her license restored, as set by
rule. A managing broker, broker, or leasing agent whose license
has been expired for more than 5 years shall be required to
meet the requirements for a new license.
(d) Notwithstanding any other provisions of this Act to the
contrary, any managing broker, broker, salesperson, or leasing
agent whose license expired while he or she was (i) on active
duty with the Armed Forces of the United States or called into
service or training by the state militia, (ii) engaged in
training or education under the supervision of the United
States preliminary to induction into military service, or (iii)
serving as the Coordinator of Real Estate in the State of
Illinois or as an employee of the Department may have his or
her license renewed, reinstated or restored without paying any
lapsed renewal fees if within 2 years after the termination of
the service, training or education by furnishing the Department
with satisfactory evidence of service, training, or education
and it has been terminated under honorable conditions.
(e) The Department shall establish and maintain a register
of all persons currently licensed by the State and shall issue
and prescribe a form of pocket card. Upon payment by a licensee
of the appropriate fee as prescribed by rule for engagement in
the activity for which the licensee is qualified and holds a
license for the current period, the Department shall issue a
pocket card to the licensee. The pocket card shall be
verification that the required fee for the current period has
been paid and shall indicate that the person named thereon is
licensed for the current renewal period as a managing broker,
broker, salesperson, or leasing agent as the case may be. The
pocket card shall further indicate that the person named
thereon is authorized by the Department to engage in the
licensed activity appropriate for his or her status (managing
broker, broker, salesperson, or leasing agent). Each licensee
shall carry on his or her person his or her pocket card or, if
such pocket card has not yet been issued, a properly issued
sponsor card when engaging in any licensed activity and shall
display the same on demand.
(f) The Department shall provide to the sponsoring broker a
notice of renewal for all sponsored licensees by mailing the
notice to the sponsoring broker's address of record, or, at the
Department's discretion, by an electronic means as provided for
by rule.
(g) Upon request from the sponsoring broker, the Department
shall make available to the sponsoring broker, either by mail
or by an electronic means at the discretion of the Department,
a listing of licensees under this Act who, according to the
records of the Department, are sponsored by that broker. Every
licensee associated with or employed by a broker whose license
is revoked, suspended, terminated, or expired shall be
considered as inoperative until such time as the sponsoring
broker's license is reinstated or renewed, or the licensee
changes employment as set forth in subsection (c) of Section
5-40 of this Act.
(Source: P.A. 96-856, eff. 12-31-09; 96-989, eff. 1-1-11.)
(225 ILCS 454/5-70)
(Section scheduled to be repealed on January 1, 2020)
Sec. 5-70. Continuing education requirement; managing
broker, broker, or salesperson.
(a) The requirements of this Section apply to all managing
brokers, brokers, and salespersons.
(b) Except as otherwise provided in this Section, each
person who applies for renewal of his or her license as a
managing broker, real estate broker, or real estate salesperson
must successfully complete 6 hours of real estate continuing
education courses approved by the Advisory Council for each
year of the pre-renewal period. Broker licensees must
successfully complete a 6-hour broker management continuing
education course approved by the Department for the pre-renewal
period ending April 30, 2010. In addition, beginning with the
pre-renewal period for managing broker licensees that begins
after the effective date of this Act, those licensees renewing
or obtaining a managing broker's license must successfully
complete a 12-hour broker management continuing education
course approved by the Department each pre-renewal period. The
broker management continuing education course must be
completed in the classroom or by other interactive delivery
method presenting instruction and real time discussion between
the instructor and the students. Successful completion of the
course shall include achieving a passing score as provided by
rule on a test developed and administered in accordance with
rules adopted by the Department. No license may be renewed
except upon the successful completion of the required courses
or their equivalent or upon a waiver of those requirements for
good cause shown as determined by the Secretary with the
recommendation of the Advisory Council. The requirements of
this Article are applicable to all managing brokers, brokers,
and salespersons except those brokers and salespersons who,
during the pre-renewal period:
(1) serve in the armed services of the United States;
(2) serve as an elected State or federal official;
(3) serve as a full-time employee of the Department; or
(4) are admitted to practice law pursuant to Illinois
Supreme Court rule.
(c) A person licensed as a salesperson as of April 30, 2011
shall not be required to complete the 18 hours of continuing
education for the pre-renewal period ending April 30, 2012 if
that person takes the 30-hour post-licensing course to obtain a
broker's license. A person licensed as a broker as of April 30,
2011 shall not be required to complete the 12 hours of broker
management continuing education for the pre-renewal period
ending April 30, 2012, unless that person passes the
proficiency exam provided for in Section 5-47 of this Act to
qualify for a managing broker's license.
(d) A person receiving an initial license during the 90
days before the renewal date shall not be required to complete
the continuing education courses provided for in subsection (b)
of this Section as a condition of initial license renewal.
(e) The continuing education requirement for salespersons,
brokers and managing brokers shall consist of a core curriculum
and an elective curriculum, to be established by the Advisory
Council. In meeting the continuing education requirements of
this Act, at least 3 hours per year or their equivalent, 6
hours for each two-year pre-renewal period, shall be required
to be completed in the core curriculum. In establishing the
core curriculum, the Advisory Council shall consider subjects
that will educate licensees on recent changes in applicable
laws and new laws and refresh the licensee on areas of the
license law and the Department policy that the Advisory Council
deems appropriate, and any other areas that the Advisory
Council deems timely and applicable in order to prevent
violations of this Act and to protect the public. In
establishing the elective curriculum, the Advisory Council
shall consider subjects that cover the various aspects of the
practice of real estate that are covered under the scope of
this Act. However, the elective curriculum shall not include
any offerings referred to in Section 5-85 of this Act.
(f) The subject areas of continuing education courses
approved by the Advisory Council may include without limitation
the following:
(1) license law and escrow;
(2) antitrust;
(3) fair housing;
(4) agency;
(5) appraisal;
(6) property management;
(7) residential brokerage;
(8) farm property management;
(9) rights and duties of sellers, buyers, and brokers;
(10) commercial brokerage and leasing; and
(11) real estate financing.
(g) In lieu of credit for those courses listed in
subsection (f) of this Section, credit may be earned for
serving as a licensed instructor in an approved course of
continuing education. The amount of credit earned for teaching
a course shall be the amount of continuing education credit for
which the course is approved for licensees taking the course.
(h) Credit hours may be earned for self-study programs
approved by the Advisory Council.
(i) A broker or salesperson may earn credit for a specific
continuing education course only once during the prerenewal
period.
(j) No more than 6 hours of continuing education credit may
be taken or earned in one calendar day.
(k) To promote the offering of a uniform and consistent
course content, the Department may provide for the development
of a single broker management course to be offered by all
continuing education providers who choose to offer the broker
management continuing education course. The Department may
contract for the development of the 12-hour broker management
continuing education course with an outside vendor or
consultant and, if the course is developed in this manner, the
Department or the outside consultant shall license the use of
that course to all approved continuing education providers who
wish to provide the course.
(l) Except as specifically provided in this Act, continuing
education credit hours may not be earned for completion of pre
or post-license courses. The approved 30-hour post-license
course for broker licensees shall satisfy the continuing
education requirement for the pre-renewal period in which the
course is taken. The approved 45-hour brokerage administration
and management course shall satisfy the 12-hour broker
management continuing education requirement for the
pre-renewal period in which the course is taken.
(Source: P.A. 96-856, eff. 12-31-09; 97-1002, eff. 8-17-12.)
(225 ILCS 454/10-25)
(Section scheduled to be repealed on January 1, 2020)
Sec. 10-25. Expiration of brokerage agreement. No licensee
shall obtain any written brokerage agreement that does not
either provide for automatic expiration within a definite
period of time or provide the client with a right to terminate
the agreement annually by giving no more than 30 days' prior
written notice. No notice of termination at the final
expiration thereof shall be required. Any written brokerage
agreement not containing such a provision for automatic
expiration shall be void. When the license of any sponsoring
broker is suspended or revoked, any brokerage agreement with
the sponsoring broker shall be deemed to expire upon the
effective date of the suspension or revocation.
(Source: P.A. 91-245, eff. 12-31-99.)
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