Section 1440.130  Application for Licensure, Practice Prior to the Act

a)         An applicant who desires to apply for an auctioneer or associate auctioneer license under the Act without examination shall submit an application on forms provided by OBRE to the Office of Banks and Real Estate providing the information as required by Sections 10-5 and 10-15 of the Act and Section 1440.110 of this Part, except the requirement for proof of successful completion of the examination authorized by OBRE.  In addition, an applicant who makes application for licensure under Section 10-25 of the Act and this Section shall verify that he or she:

1)         Is a resident of the State of Illinois;

2)         Has practiced as an auctioneer for a period of at least 2 years prior to January 1, 2000; and

3)         Has conducted a minimum of 5 auctions of real or personal property within the 2 years prior to January 1, 2000.

b)         All information on an application for licensure provided by an applicant to OBRE is subject to audit by OBRE within 5 years after the date in which the application was received by OBRE.