Sen. John M. Sullivan
Filed: 3/2/2012
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 3574 




2    AMENDMENT NO. ______. Amend Senate Bill 3574 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Auction License Act is amended  by adding 
5Section 10-3 as follows:
 
6    (225 ILCS 407/10-3 new)
7    Sec. 10-3. Real estate auctioneer certification.
8    (a) A licensee under this Act may also apply to the 
9Department for a real estate auctioneer certification.  To 
10obtain a real estate auctioneer certification, a licensee shall 
11(i)  hold a valid auctioneer license, (ii) successfully complete 
12a State-approved course of study of at least  30 hours, and 
13(iii) pass an exam.  A licensee under the Real Estate License 
14Act of 2000 shall not have to obtain an auction license or 
15certification to conduct a real estate auction.
16    (b) A person who is licensed under this Act and holds a 
 
 
09700SB3574sam001- 2 -LRB097 20210 CEL 67010 a

1real estate auctioneer certification may (i) engage in limited 
2activities of an auction for the sale of real estate, (ii) 
3specifically establish the time, place, and method of the 
4auction, (iii) advertise the auction, and (iv) conduct the 
5auction. 
6    (c) All other brokerage activities related to the auction 
7of real property shall be performed by a licensee under the 
8Real Estate License Act of 2000, unless  the activities are 
9otherwise exempt from the Real Estate License Act of 2000. 
10    (d) A managing broker and auctioneer may pay compensation 
11to an auctioneer participating in a real estate auction.
12    (e) An auctioneer who violates this Section may be 
13considered engaging in the unlicensed practice of real estate, 
14and a licensee under the Real Estate License Act of 2000 who 
15enabled, aided, or abetted an auctioneer in conducting an 
16auction without meeting the requirements of this Section shall 
17be in violation of this Act. 
 

18    Section 99. Effective date. This Act takes effect upon 
19becoming law.".