Illinois General Assembly - Bill Status for SB4022
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 Bill Status of SB4022  102nd General Assembly


Short Description:  DFPR-REAL ESTATE GENERAL FUND

Senate Sponsors
Sen. Emil Jones, III

Last Action
DateChamber Action
  1/21/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
30 ILCS 105/5.970 new
30 ILCS 105/5.557 rep.
30 ILCS 105/5.558 rep.
30 ILCS 105/5.742 rep.
225 ILCS 407/10-5
225 ILCS 407/10-30
225 ILCS 407/10-50
225 ILCS 407/20-11 new
225 ILCS 407/20-15
225 ILCS 407/20-15.1 new
225 ILCS 407/20-16 new
225 ILCS 407/20-95
225 ILCS 407/20-105 new
225 ILCS 407/30-13
225 ILCS 407/30-30
225 ILCS 427/10
225 ILCS 427/25
225 ILCS 427/55
225 ILCS 427/60
225 ILCS 427/65
225 ILCS 441/1-10
225 ILCS 441/5-16
225 ILCS 441/5-17
225 ILCS 441/15-5
225 ILCS 441/15-11 new
225 ILCS 441/25-5
225 ILCS 454/1-10
225 ILCS 454/5-10
225 ILCS 454/5-25
225 ILCS 454/5-45
225 ILCS 454/5-50
225 ILCS 454/5-70
225 ILCS 454/15-35
225 ILCS 454/15-45
225 ILCS 454/20-20
225 ILCS 454/20-20.1
225 ILCS 454/20-69
225 ILCS 454/20-75
225 ILCS 454/20-110
225 ILCS 454/25-10
225 ILCS 454/25-38 new
225 ILCS 454/30-15
225 ILCS 454/30-25
225 ILCS 454/20-21 rep.
225 ILCS 456/Act rep.
225 ILCS 458/1-10
225 ILCS 458/5-25
225 ILCS 458/25-10
225 ILCS 459/40
225 ILCS 459/47
225 ILCS 459/67
225 ILCS 459/68 rep.
805 ILCS 185/13


Synopsis As Introduced
Amends the State Finance Act. Creates the Division of Real Estate General Fund. Repeals provisions creating the Real Estate Audit Fund, the Home Inspector Administration Fund, and the Community Association Manager Licensing and Disciplinary Fund. Amends the Auction License Act. Makes changes in provisions concerning requirements for an auctioneer license and application; expiration, renewal, and continuing education; fees and disposition of funds; grounds for disciplinary actions; returned checks and dishonored credit card charges; and the Auction Advisory Board. Creates provisions concerning confidentiality; citations; illegal discrimination; and no private right of action. Amends the Community Association Manager Licensing and Disciplinary Act. Makes changes in provisions concerning definitions; the Community Association Manager Licensing and Disciplinary Board; fidelity insurance and segregation of accounts; licenses, renewals, restoration, and persons in military service; and fees. Amends the Home Inspector License Act. Makes changes in provisions concerning definitions; renewal of licenses; unlicensed practice; civil penalties; and surcharges. Creates provisions concerning illegal discrimination. Amends the Real Estate License Act of 2000. Makes changes in provisions concerning definitions; requirements for license as a residential leasing agent; good moral character; offices; expiration and renewal of licenses; continuing education requirements; agency relationship disclosure; dual agency; grounds for discipline; citations; restoration of a suspended or revoked license; administrative review venue; the Real Estate Administration and Disciplinary Board; and licensing of education providers. Amends the Real Estate Appraiser Licensing Act. Makes changes in provisions concerning definitions; renewal of licenses; and the Real Estate Appraisal Administration and Disciplinary Board. Amends the Appraisal Management Company Registration Act concerning qualifications for registration, reports, and good moral character. Amends the Professional Limited Liability Company Act concerning the nature of business. Amends the Real Estate License Act of 2000 concerning broker licensure. Repeals the Real Estate Regulation Transfer Act. Makes other changes. Effective immediately, except provisions repealing provisions of the State Finance Act take effect July 1, 2023.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Emil Jones, III
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments

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