HB1394 94TH GENERAL ASSEMBLY

LRB094 09911 RAS 40169 b

94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1394

Introduced 2/9/2005, by Rep. Angelo Saviano

SYNOPSIS AS INTRODUCED:

225 ILCS 454/20-130 new

Amends the Real Estate License Act of 2000. Provides that the Department of Financial and Professional Regulation, the Attorney General, on behalf of the People of the State of Illinois, any statewide association of licensees, or any aggrieved party may bring an action against any person or entity engaging in real estate brokerage activities without first obtaining a license under this Act, unless otherwise exempt from licensure, and upon a finding of unlicensed activities shall be entitled to (i) appropriate equitable relief and (ii) actual damages, if any.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Real Estate License Act of 2000 is amended by adding Section 20-130 as follows:

(225 ILCS 454/20-130 new)

Sec. 20-130. Unlicensed activities; relief. The Department of Financial and Professional Regulation, the Attorney General, on behalf of the People of the State of Illinois, any statewide association of licensees, or any aggrieved party may bring an action against any person or entity engaging in real estate brokerage activities without first obtaining a license under this Act, unless otherwise exempt from licensure, and upon a finding of unlicensed activities shall be entitled to (i) appropriate equitable relief and (ii) actual damages, if any.