Sen. William R. Haine

Filed: 3/15/2013





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2    AMENDMENT NO. ______. Amend Senate Bill 2266 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Real Estate License Act of 2000 is amended
5by changing Sections 5-27 and 10-25 as follows:
6    (225 ILCS 454/5-27)
7    (Section scheduled to be repealed on January 1, 2020)
8    Sec. 5-27. Requirements for licensure as a broker.
9    (a) Every applicant for licensure as a broker must meet the
10following qualifications:
11        (1) Be at least 21 years of age. After April 30, 2011,
12    the minimum age of 21 years shall be waived for any person
13    seeking a license as a broker who has attained the age of
14    18 and can provide evidence of the successful completion of
15    at least 4 semesters of post-secondary school study as a
16    full-time student or the equivalent, with major emphasis on



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1    real estate courses, in a school approved by the
2    Department;
3        (2) Be of good moral character;
4        (3) Successfully complete a 4-year course of study in a
5    high school or secondary school approved by the Illinois
6    State Board of Education or an equivalent course of study
7    as determined by an examination conducted by the Illinois
8    State Board of Education which shall be verified under oath
9    by the applicant;
10        (4) Prior to May 1, 2011, provide (i) satisfactory
11    evidence of having completed at least 120 classroom hours,
12    45 of which shall be those hours required to obtain a
13    salesperson's license plus 15 hours in brokerage
14    administration courses, in real estate courses approved by
15    the Advisory Council or (ii) for applicants who currently
16    hold a valid real estate salesperson's license, give
17    satisfactory evidence of having completed at least 75 hours
18    in real estate courses, not including the courses that are
19    required to obtain a salesperson's license, approved by the
20    Advisory Council;
21        (5) After April 30, 2011, provide satisfactory
22    evidence of having completed 90 hours of instruction in
23    real estate courses approved by the Advisory Council, 15
24    hours of which must consist of situational and case studies
25    presented in the classroom or by other interactive delivery
26    method presenting instruction and real time discussion



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1    between the instructor and the students;
2        (6) Personally take and pass a written examination
3    authorized by the Department;
4        (7) Present a valid application for issuance of a
5    license accompanied by a sponsor card and the fees
6    specified by rule.
7    (b) The requirements specified in items (4) and (5) of
8subsection (a) of this Section do not apply to applicants who
9are currently admitted to practice law by the Supreme Court of
10Illinois and are currently in active standing.
11    (c) No applicant shall engage in any of the activities
12covered by this Act until a valid sponsor card has been issued
13to such applicant. The sponsor card shall be valid for a
14maximum period of 45 days after the date of issuance unless
15extended for good cause as provided by rule.
16    (d) All licenses should be readily available to the public
17at their place of business.
18    (e) An individual licensed as a managing broker may return
19that license to the Department with a form provided by the
20Department and shall be issued a broker's license in exchange.
21(Source: P.A. 96-856, eff. 12-31-09.)
22    (225 ILCS 454/10-25)
23    (Section scheduled to be repealed on January 1, 2020)
24    Sec. 10-25. Expiration of brokerage agreement. No licensee
25shall obtain any written brokerage agreement that does not



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1either provide for automatic expiration within a definite
2period of time or provide the client with the right to
3terminate the agreement annually by giving no more than 30 days
4prior written notice. No notice of termination at the final
5expiration thereof shall be required. Any written brokerage
6agreement not containing a provision for automatic expiration
7shall be void. When the license of any sponsoring broker is
8suspended or revoked, any brokerage agreement with the
9sponsoring broker shall be deemed to expire upon the effective
10date of the suspension or revocation.
11(Source: P.A. 91-245, eff. 12-31-99.)
12    Section 99. Effective date. This Act takes effect upon
13becoming law.".