Full Text of SB3018 96th General Assembly
SB3018enr 96TH GENERAL ASSEMBLY
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| AN ACT concerning professional regulation.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Real Estate License Act of 2000 is amended | 5 |
| by changing Section 5-50 as follows:
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| (225 ILCS 454/5-50)
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| (Section scheduled to be repealed on January 1, 2020)
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| Sec. 5-50. Expiration and renewal of managing broker, | 9 |
| broker, salesperson, or
leasing agent license; sponsoring | 10 |
| broker;
register of licensees; pocket card. | 11 |
| (a) The expiration date and renewal period for each license | 12 |
| issued under
this Act shall be set by
rule, except that the | 13 |
| first renewal period ending after the effective date of this | 14 |
| Act for those licensed as a salesperson shall be extended | 15 |
| through April 30, 2012. Except as otherwise provided in this | 16 |
| Section, the holder of
a
license may renew
the license within | 17 |
| 90 days preceding the expiration date thereof by completing the | 18 |
| continuing education required by this Act and paying the
fees | 19 |
| specified by
rule.
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| (b) An individual whose first license is that of a broker | 21 |
| received after April 30, 2011, must provide evidence of having | 22 |
| completed 30 hours of post-license education in courses | 23 |
| approved by the Advisory Council, 15 hours of which must |
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| consist of situational and case studies presented in the | 2 |
| classroom or by other interactive delivery method presenting | 3 |
| instruction and real time discussion between the instructor and | 4 |
| the students, and personally take and pass an examination | 5 |
| approved by the Department prior to the first renewal of their | 6 |
| broker's license.
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| (c) Any salesperson until April 30, 2011 or any managing | 8 |
| broker, broker, salesperson or leasing agent whose license | 9 |
| under this Act has expired shall be eligible to renew the | 10 |
| license during the 2-year period following the expiration date, | 11 |
| provided the managing broker, broker, salesperson , or leasing | 12 |
| agent pays the fees as prescribed by rule and completes | 13 |
| continuing education and other requirements provided for by the | 14 |
| Act or by rule. Beginning on May 1, 2012, a managing broker | 15 |
| licensee, broker, or leasing agent whose license has been | 16 |
| expired for more than 2 years but less than 5 years may have it | 17 |
| restored by (i) applying to the Department, (ii) paying the | 18 |
| required fee, (iii) completing the continuing education | 19 |
| requirements for the most recent pre-renewal period that ended | 20 |
| prior to the date of the application for reinstatement, and | 21 |
| (iv) filing acceptable proof of fitness to have his or her | 22 |
| license restored, as set by rule. A managing broker, broker, | 23 |
| salesperson or leasing agent whose license has been expired for | 24 |
| more than 5 2 years shall be required to meet the requirements | 25 |
| for a new license.
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| (d) Notwithstanding any other provisions of this Act to the |
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| contrary, any managing broker, broker, salesperson , or leasing | 2 |
| agent whose license expired while he or she was (i) on active | 3 |
| duty with the Armed Forces of the United States or called into | 4 |
| service or training by the state militia, (ii) engaged in | 5 |
| training or education under the supervision of the United | 6 |
| States preliminary to induction into military service, or (iii) | 7 |
| serving as the Coordinator of Real Estate in the State of | 8 |
| Illinois or as an employee of the Department may have his or | 9 |
| her license renewed, reinstated or restored without paying any | 10 |
| lapsed renewal fees if within 2 years after the termination of | 11 |
| the service, training or education by furnishing the Department | 12 |
| with satisfactory evidence of service, training, or education | 13 |
| and it has been terminated under honorable conditions. | 14 |
| (e) The Department shall establish and
maintain a register | 15 |
| of all persons currently licensed by the
State and shall issue | 16 |
| and prescribe a form of pocket card. Upon payment by a licensee | 17 |
| of the appropriate fee as prescribed by
rule for engagement in | 18 |
| the activity for which the licensee is
qualified and holds a | 19 |
| license for the current period, the
Department shall issue a | 20 |
| pocket card to the licensee. The
pocket card shall be | 21 |
| verification that the required fee for the
current period has | 22 |
| been paid and shall indicate that the person named thereon is | 23 |
| licensed for the current renewal period as a
managing broker, | 24 |
| broker, salesperson, or leasing agent as the
case may be. The | 25 |
| pocket card shall further indicate that the
person named | 26 |
| thereon is authorized by the Department to
engage in the |
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| licensed activity appropriate for his or her
status (managing | 2 |
| broker, broker, salesperson, or leasing
agent). Each licensee | 3 |
| shall carry on his or her person his or
her pocket card or, if | 4 |
| such pocket card has not yet been
issued, a properly issued | 5 |
| sponsor card when engaging in any
licensed activity and shall | 6 |
| display the same on demand. | 7 |
| (f) The Department shall provide to the sponsoring broker a | 8 |
| notice of renewal for all sponsored licensees by mailing the | 9 |
| notice to the sponsoring broker's address of record, or, at the | 10 |
| Department's discretion, by an electronic means as provided for | 11 |
| by rule. | 12 |
| (g) Upon request from the sponsoring broker, the Department | 13 |
| shall make available to the sponsoring broker, either by mail | 14 |
| or by an electronic means at the discretion of the Department, | 15 |
| a listing of licensees under this Act who, according to the | 16 |
| records of the Department, are sponsored by that broker. Every | 17 |
| licensee associated with or employed by a broker whose license | 18 |
| is revoked, suspended, terminated, or expired shall be | 19 |
| considered as inoperative until such time as the sponsoring | 20 |
| broker's license is reinstated or renewed, or the licensee | 21 |
| changes employment as set forth in subsection (c) of Section | 22 |
| 5-40 of this Act. | 23 |
| (Source: P.A. 96-856, eff. 12-31-09.)
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