SB2893 EngrossedLRB099 19718 SMS 44116 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Real Estate License Act of 2000 is amended
5by changing Section 5-70 as follows:
 
6    (225 ILCS 454/5-70)
7    (Section scheduled to be repealed on January 1, 2020)
8    Sec. 5-70. Continuing education requirement; managing
9broker or broker.
10    (a) The requirements of this Section apply to all managing
11brokers and brokers.
12    (b) Except as otherwise provided in this Section, each
13person who applies for renewal of his or her license as a
14managing broker or broker must successfully complete 6 hours of
15real estate continuing education courses approved by the
16Advisory Council for each year of the pre-renewal period. In
17addition, beginning with the pre-renewal period for managing
18broker licensees that begins after the effective date of this
19Act, those licensees renewing or obtaining a managing broker's
20license must successfully complete a 12-hour broker management
21continuing education course approved by the Department each
22pre-renewal period. The broker management continuing education
23course must be completed in the classroom or by other

 

 

SB2893 Engrossed- 2 -LRB099 19718 SMS 44116 b

1interactive delivery method between the instructor and the
2students. Successful completion of the course shall include
3achieving a passing score as provided by rule on a test
4developed and administered in accordance with rules adopted by
5the Department. No license may be renewed except upon the
6successful completion of the required courses or their
7equivalent or upon a waiver of those requirements for good
8cause shown as determined by the Secretary with the
9recommendation of the Advisory Council. The requirements of
10this Article are applicable to all managing brokers and brokers
11except those managing brokers and brokers who, during the
12pre-renewal period:
13        (1) serve in the armed services of the United States;
14        (2) serve as an elected State or federal official;
15        (3) serve as a full-time employee of the Department; or
16        (4) are admitted to practice law pursuant to Illinois
17    Supreme Court rule.
18    (c) (Blank).
19    (d) A person receiving an initial license during the 90
20days before the renewal date shall not be required to complete
21the continuing education courses provided for in subsection (b)
22of this Section as a condition of initial license renewal.
23    (e) The continuing education requirement for brokers and
24managing brokers shall consist of a core curriculum and an
25elective curriculum, to be established by the Advisory Council.
26In meeting the continuing education requirements of this Act,

 

 

SB2893 Engrossed- 3 -LRB099 19718 SMS 44116 b

1at least 3 hours per year or their equivalent, 6 hours for each
2two-year pre-renewal period, shall be required to be completed
3in the core curriculum. In establishing the core curriculum,
4the Advisory Council shall consider subjects that will educate
5licensees on recent changes in applicable laws and new laws and
6refresh the licensee on areas of the license law and the
7Department policy that the Advisory Council deems appropriate,
8and any other areas that the Advisory Council deems timely and
9applicable in order to prevent violations of this Act and to
10protect the public. In establishing the elective curriculum,
11the Advisory Council shall consider subjects that cover the
12various aspects of the practice of real estate that are covered
13under the scope of this Act. However, the elective curriculum
14shall not include any offerings referred to in Section 5-85 of
15this Act.
16    (f) The subject areas of continuing education courses
17approved by the Advisory Council may include without limitation
18the following:
19        (1) license law and escrow;
20        (2) antitrust;
21        (3) fair housing;
22        (4) agency;
23        (5) appraisal;
24        (6) property management;
25        (7) residential brokerage;
26        (8) farm property management;

 

 

SB2893 Engrossed- 4 -LRB099 19718 SMS 44116 b

1        (9) rights and duties of sellers, buyers, and brokers;
2        (10) commercial brokerage and leasing; and
3        (11) real estate financing.
4    (g) In lieu of credit for those courses listed in
5subsection (f) of this Section, credit may be earned for
6serving as a licensed instructor in an approved course of
7continuing education. The amount of credit earned for teaching
8a course shall be the amount of continuing education credit for
9which the course is approved for licensees taking the course.
10    (h) Credit hours may be earned for self-study programs
11approved by the Advisory Council.
12    (i) A managing broker or broker may earn credit for a
13specific continuing education course only once during the
14prerenewal period.
15    (j) No more than 6 hours of continuing education credit may
16be taken or earned in one calendar day.
17    (k) To promote the offering of a uniform and consistent
18course content, the Department may provide for the development
19of a single broker management course to be offered by all
20continuing education providers who choose to offer the broker
21management continuing education course. The Department may
22contract for the development of the 12-hour broker management
23continuing education course with an outside vendor or
24consultant and, if the course is developed in this manner, the
25Department or the outside consultant shall license the use of
26that course to all approved continuing education providers who

 

 

SB2893 Engrossed- 5 -LRB099 19718 SMS 44116 b

1wish to provide the course.
2    (l) Except as specifically provided in this Act, continuing
3education credit hours may not be earned for completion of pre
4or post-license courses. The approved 30-hour post-license
5course for broker licensees shall satisfy the continuing
6education requirement for the pre-renewal period in which the
7course is taken. The approved 45-hour brokerage administration
8and management course shall satisfy the 12-hour broker
9management continuing education requirement for the
10pre-renewal period in which the course is taken.
11(Source: P.A. 98-531, eff. 8-23-13; 99-227, eff. 8-3-15.)