Bill Status of HB 5210   100th General Assembly

Short Description:  REAL ESTATE-BRANCH OFFICE

House Sponsors
Rep. Tom Demmer and Jonathan Carroll

Senate Sponsors
(Sen. Pamela J. Althoff)


Last Action  View All Actions

DateChamber Action
  8/13/2018HousePublic Act . . . . . . . . . 100-0831

Statutes Amended In Order of Appearance
225 ILCS 454/5-45
225 ILCS 454/30-5

Synopsis As Introduced
Amends the Real Estate License Act of 2000. Requires a sponsoring broker that maintains more than one office within the State to notify the Department of Financial and Professional Regulation on forms prescribed by the Department (rather than apply for a branch office license) for each office other than the sponsoring broker's principal place of business. Requires the brokerage license (rather than the branch office license) to be displayed conspicuously in each branch office. Removes a reference to "education provider branches". Effective January 1, 2019.

House Committee Amendment No. 1
Adds reference to:
225 ILCS 407/10-30
225 ILCS 441/5-30
225 ILCS 454/1-10
225 ILCS 454/5-15
225 ILCS 454/5-20
225 ILCS 454/5-45
225 ILCS 454/10-15
225 ILCS 454/10-20
225 ILCS 454/20-20
225 ILCS 454/30-5
225 ILCS 458/5-45
225 ILCS 458/15-15

Replaces everything after the enacting clause. Amends the Auction License Act, the Home Inspector License Act, and the Real Estate Appraiser Licensing Act of 2002. Provides that the Department of Financial and Professional Regulation shall establish a continuing education completion deadline for renewal applicants and require proof of completion of continuing education requirements before the renewal of the license as required by rule. Amends the Real Estate License Act of 2000. Makes changes to the definitions of "blind advertisement", "broker", and "person". Requires every partner of a partnership, limited liability partner of a limited liability partnership, and every member or manager in the limited liability company that actively participates in the real estate activities to hold a license as a managing broker or broker to be granted a license or engage in the business. Provides that all nonparticipating owners or officers of a corporation, partners of a partnership, limited liability partners of a limited liability partnership, or members or managers of a limited liability company shall submit affidavits of nonparticipation as required by the Department. Provides that no person shall be granted a license if any participating owner, officer, director, partner, limited liability partner, member, or manager has been denied a real estate licensed by the Department in the previous 5 years or is otherwise currently barred from real estate practice because of a suspension or revocation. Removes language concerning the brokerage business where a leasing agent controls specified shares of stock or ownership. Further amends the Real Estate Appraiser Licensing Act of 2002. In the disciplinary provisions, removes the language providing that the Secretary of Financial and Professional Regulation shall take specified actions if he or she disagrees with the recommendations of the Real Estate Appraisal Administration and Disciplinary Board. Effective January 1, 2019.

Actions 
DateChamber Action
  2/15/2018HouseFiled with the Clerk by Rep. Tom Demmer
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/21/2018HouseAssigned to Business & Occupational Licenses Committee
  4/6/2018HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Tom Demmer
  4/6/2018HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/9/2018HouseHouse Committee Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
  4/10/2018HouseHouse Committee Amendment No. 1 Adopted in Business & Occupational Licenses Committee; by Voice Vote
  4/10/2018HouseDo Pass as Amended / Short Debate Business & Occupational Licenses Committee; 008-000-000
  4/11/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/19/2018HouseSecond Reading - Short Debate
  4/19/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/19/2018HouseHouse Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. Rita Mayfield
  4/19/2018HouseHouse Committee Amendment No. 1 State Mandates Fiscal Note Requested as Amended by Rep. Rita Mayfield
  4/20/2018HouseAdded Co-Sponsor Rep. Jonathan Carroll
  4/20/2018HouseThird Reading - Short Debate - Passed 100-001-002
  4/23/2018SenateArrive in Senate
  4/23/2018SenatePlaced on Calendar Order of First Reading
  4/23/2018SenateChief Senate Sponsor Sen. Pamela J. Althoff
  4/23/2018SenateFirst Reading
  4/23/2018SenateReferred to Assignments
  5/1/2018SenateAssigned to Judiciary
  5/2/2018SenateRe-referred to Assignments
  5/2/2018SenateApproved for Consideration Assignments
  5/2/2018SenatePlaced on Calendar Order of 2nd Reading May 3, 2018
  5/15/2018SenateSecond Reading
  5/15/2018SenatePlaced on Calendar Order of 3rd Reading May 16, 2018
  5/18/2018SenateThird Reading - Passed; 046-000-000
  5/18/2018HousePassed Both Houses
  6/15/2018HouseSent to the Governor
  8/13/2018HouseGovernor Approved
  8/13/2018HouseEffective Date January 1, 2019
  8/13/2018HousePublic Act . . . . . . . . . 100-0831

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