Illinois Compiled Statutes - Full Text

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Illinois Compiled Statutes - Full Text

Illinois Compiled Statutes (ILCS)

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225 ILCS 427/20

    (225 ILCS 427/20)
    (Section scheduled to be repealed on January 1, 2027)
    Sec. 20. Exemptions.
    (a) The requirement for holding a license under this Act shall not apply to any of the following:
        (1) Any director or officer of a community
    
association providing one or more of the services of a community association manager to a community association without compensation for such services to the association.
        (2) Any person providing one or more of the services
    
of a community association manager to a community association of 10 units or less.
        (3) A licensed attorney acting solely as an incident
    
to the practice of law.
        (4) An individual acting as a receiver, trustee in
    
bankruptcy, administrator, executor, or guardian acting under a court order or under the authority of a court.
        (5) A person licensed in this State under any other
    
Act who engages in practices or activities specifically authorized by the Act pursuant to which the license was granted.
    (b) A licensed community association manager may not perform or engage in any activities for which a real estate managing broker, real estate broker, or residential leasing agent license is required under the Real Estate License Act of 2000, unless the licensee also possesses a current and valid license under the Real Estate License Act of 2000 and is providing those services as provided for in the Real Estate License Act of 2000 and the applicable rules.
    (c) (Blank).
(Source: P.A. 102-20, eff. 1-1-22.)