Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

225 ILCS 454/1-10

225 ILCS 454/5-10

225 ILCS 454/5-15

225 ILCS 454/5-27

225 ILCS 454/5-28

225 ILCS 454/5-40

225 ILCS 454/5-50

225 ILCS 454/20-20

Synopsis As Introduced
Amends the Real Estate License Act of 2000. Removes provisions relating to sponsor cards issued by sponsoring brokers to managing brokers, brokers, or leasing agents. Adds provisions requiring a sponsoring broker to notify the Department of Financial and Professional Regulation within 24 hours of a sponsorship of a licensee in a manner provided by rule. When a licensee's employment with a sponsoring broker is terminated, requires the licensee and sponsoring broker to notify the Department of the termination within 24 hours in a manner provided by rule. Provides that the failure to provide that notification shall subject the sponsoring broker or licensee to discipline. Adds provisions regarding the Department's recognition of a sponsorship by a sponsoring broker. Makes conforming and other changes. Effective immediately.

Actions 

Date	Chamber	Action
2/16/2018	Senate	Filed with Secretary by Sen. Pamela J. Althoff
2/16/2018	Senate	First Reading
2/16/2018	Senate	Referred to Assignments
2/27/2018	Senate	Assigned to Licensed Activities and Pensions
4/13/2018	Senate	Rule 3-9(a) / Re-referred to Assignments
9/30/2018	Senate	Chief Sponsor Changed to Sen. William E. Brady
1/9/2019	Senate	Session Sine Die

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