Bill Text: IL SB2266 | 2013-2014 | 98th General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Real Estate License Act of 2000. Makes a technical change in a Section concerning the short title.

Spectrum: Slight Partisan Bill (Democrat 10-4)

Status: (Passed) 2013-07-05 - Public Act . . . . . . . . . 98-0057 [SB2266 Detail]

Download: Illinois-2013-SB2266-Amended.html

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Sen. William R. Haine

Filed: 3/15/2013

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AMENDMENT TO SENATE BILL 2266
AMENDMENT NO. ______. Amend Senate Bill 2266 by replacing
everything after the enacting clause with the following:
"Section 5. The Real Estate License Act of 2000 is amended
by changing Sections 5-27 and 10-25 as follows:
(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(Section scheduled to be repealed on January 1, 2020)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

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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

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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 licensed as a managing broker may return
that license to the Department with a form provided by the
Department and shall be issued a broker's license in exchange.
(Source: P.A. 96-856, eff. 12-31-09.)
(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

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either provide for automatic expiration within a definite
period of time or provide the client with the 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 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.)
Section 99. Effective date. This Act takes effect upon
becoming law.".