TITLE 68: PROFESSIONS AND OCCUPATIONS CHAPTER VIII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1450 REAL ESTATE LICENSE ACT OF 2000 The General Assembly's Illinois Administrative Code database includes only those rulemakings that have been permanently adopted. This menu will point out the Sections on which an emergency rule (valid for a maximum of 150 days, usually until replaced by a permanent rulemaking) exists. The emergency rulemaking is linked through the notation that follows the Section heading in the menu. View Entire Part SUBPART A: GENERAL Section 1450.100 Definitions Section 1450.110 Sponsorship Section 1450.115 Termination of Sponsorship Section 1450.120 Assumed Name Section 1450.130 Fees Section 1450.140 Renewals Section 1450.145 Restoration Section 1450.150 Required Information of Applicant or Licensee Section 1450.160 Dual Licensure Section 1450.170 Exemption Under Section 5-20(1) of the Act (Repealed) SUBPART B: LEASING AGENT LICENSING AND EDUCATION Section 1450.200 Residential Leasing Agent General Provisions Section 1450.205 Residential Leasing Agent Pre-License Education Requirements Section 1450.210 Residential Leasing Agent Examination Section 1450.220 Application for Residential Leasing Agent License by Examination Section 1450.230 Leasing Agent Termination of Employment (Repealed) Section 1450.240 Residential Leasing Agent Permit Section 1450.250 Residential Leasing Agent Continuing Education Section 1450.260 Approved Courses, Schools and Instructors for Leasing Agents (Repealed) SUBPART C: LICENSING AND EDUCATION FOR SALESPERSON Section 1450.300 Salesperson Educational Requirements to Obtain a License (Repealed) Section 1450.310 Salesperson Examination (Repealed) Section 1450.320 Applications for Salesperson License by Examination (Repealed) Section 1450.330 Application for Salesperson License by Reciprocity (Repealed) Section 1450.340 Salesperson Continuing Education (Repealed) SUBPART D: BROKER LICENSING AND EDUCATION Section 1450.400 Broker Pre-License Education Requirements Section 1450.410 Broker Post-License Education Requirements Section 1450.420 Broker Examination Section 1450.430 Application for Broker License by Examination Section 1450.440 Application for Broker License by Reciprocity Section 1450.450 Broker Continuing Education SUBPART E: MANAGING BROKER LICENSING AND EDUCATION Section 1450.500 Managing Broker Pre-License Education Requirements Section 1450.510 Managing Broker Examination Section 1450.520 Application for Managing Broker License by Examination Section 1450.530 Application for Managing Broker License by Reciprocity Section 1450.540 Managing Broker Continuing Education Section 1450.550 Managing Broker License Transfer to Broker License Section 1450.560 Managing Broker Self-Sponsorship SUBPART F: CORPORATIONS, LIMITED LIABILITY COMPANIES, PARTNERSHIPS, LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS Section 1450.600 Application for Corporations, Limited Liability Companies, Partnerships, Limited Partnerships and Limited Liability Partnerships Licenses Section 1450.610 Place of Business; Office and Virtual Office Requirements SUBPART G: COMPENSATION AND BUSINESS PRACTICES Section 1450.700 Sponsoring Broker Responsibilities Section 1450.705 Designated Managing Broker Responsibilities and Supervision Section 1450.710 Discrimination Section 1450.715 Advertising Section 1450.720 Digital or Electronic Advertising and Communication Section 1450.725 Office Identification Section 1450.730 Office Registry Requirements Section 1450.735 Employment or Independent Contractor Agreements Section 1450.740 Unlicensed Assistants Section 1450.745 Business Entity for Direct Payment of Compensation Section 1450.750 Special Accounts Section 1450.755 Recordkeeping Section 1450.760 Disclosure of Compensation Section 1450.765 Disclosure of Licensee Status Section 1450.770 Brokerage Agreements and Listing Agreements Section 1450.775 Written Agreements Section 1450.780 Referral Fees and Affinity Relationships Section 1450.785 Rental Finding Services Section 1450.790 Broker Price Opinions and Comparative Market Analyses SUBPART H: AGENCY RELATIONSHIPS Section 1450.800 Confidentiality Section 1450.810 Failure to Disclose Information Not Affecting Physical Condition of Real Estate Section 1450.820 Dual Agency Prohibition Section 1450.830 Disclosure of Contemporaneous Offers SUBPART I: DISCIPLINE RULES AND PROCEDURES Section 1450.900 Unprofessional Conduct Section 1450.905 Temporary Suspension Section 1450.910 Non-Disciplinary Action Section 1450.915 Suspension or Revocation of a Sponsoring Broker or Designated Managing Broker License Section 1450.920 Inspections and Audits Section 1450.925 Audits of Special Funds by Outside Auditors (Repealed) Section 1450.930 Case File Review Committee Section 1450.935 Peer Review Advisor Section 1450.940 Rules of Practice in Administrative Hearings Section 1450.945 Real Estate Recovery Fund Section 1450.950 Automatic Revocation Upon Order for Payment from the Real Estate Recovery Fund (Repealed) Section 1450.955 Nonbinding Advisory Opinions (Repealed) Section 1450.960 Citations for Non-Compliance with Continuing Education Requirements SUBPART J: GRANTING VARIANCES Section 1450.1000 Granting Variances SUBPART K: EDUCATION PROVIDERS, INSTRUCTORS, AND COURSE APPROVAL Section 1450.1100 Application for Education Provider License and Other Requirements Section 1450.1105 Application for Pre-License and Post-License Courses Section 1450.1110 Application for Education Provider and Course License Renewal Section 1450.1115 Application for Pre-License Instructor License Section 1450.1120 Administration of Proficiency Examinations and Eligibility to Take the Proficiency Exam and Transition Courses (Repealed) Section 1450.1125 Pre-License Instructor License Renewal and Restoration Section 1450.1130 Application for Continuing Education School License and Other Requirements (Repealed) Section 1450.1135 Application for Continuing Education Courses and Curriculum Section 1450.1137 Authorization for Third Party Designees to Review Courses Section 1450.1140 Application for Continuing Education School and Course License Renewal (Repealed) Section 1450.1145 Application for Continuing Education Instructor License Section 1450.1150 Continuing Education Instructor License Renewal and Restoration Section 1450.1155 Correspondence or Home Study Courses Section 1450.1160 Recruitment Section 1450.1165 Discipline of Education Providers, Instructors and Courses Section 1450.1170 Real Estate Education Advisory Council (Repealed) Section 1450.1175 Waiver of Final Examination Requirements for Certain Education Delivery Methods Section 1450.1180 Proctor Standards SUBPART L: CONTINUING EDUCATION TRANSITIONAL PROVISIONS Section 1450.1200 Continuing Education Requirements for Transitioned Licensees (Repealed) Section 1450.1205 Continuing Education Schools and Courses (Repealed) Section 1450.1210 Credit for Continuing Education Courses (Repealed) Section 1450.1215 Pre-license Schools and Courses (Repealed) Section 1450.1220 Education Provider, Course and Instructor Transition (Repealed) SUBPART M: REAL ESTATE AUCTION CERTIFICATION Section 1450.1300 Real Estate Auction Pre-Certification Education Section 1450.1310 Application for Real Estate Auction Certification Section 1450.1320 Real Estate Auction Certification Activities

AUTHORITY: Implementing the Real Estate License Act of 2000 [225 ILCS 454] and authorized by Section 2105-15(7) of the Civil Administrative Code of Illinois (Department of Professional Regulation Law) [20 ILCS 2105].

SOURCE: Rules and Regulations for the Administration of the Real Estate Brokers and Salesmen License Act (General Rules), effective December 4, 1974; Rules and Regulations for the Administration of the Real Estate Brokers and Salesmen License Act (School Rules), effective July 29, 1974; amended at 3 Ill. Reg. 885, effective February 2, 1979; amended at 4 Ill. Reg. 195, effective August 12, 1980; amended at 5 Ill. Reg. 5343, effective May 6, 1981; amended at 5 Ill. Reg. 8541, effective August 10, 1981; codified at 5 Ill. Reg. 11064; emergency amendment at 6 Ill. Reg. 916, effective January 6, 1982, for a maximum of 150 days; emergency amendment at 6 Ill. Reg. 2406, effective February 3, 1982, for a maximum of 150 days; amended at 6 Ill. Reg. 8221, effective July 1, 1982; amended at 9 Ill. Reg. 341, effective January 3, 1985; transferred from Chapter I, 68 Ill. Adm. Code 450 (Department of Registration and Education) to Chapter VII, 68 Ill. Adm. Code 1450 (Department of Professional Regulation) pursuant to PA 85-225, effective January 1, 1988, at 12 Ill. Reg. 2977; amended at 12 Ill. Reg. 8036, effective April 26, 1988; amended at 15 Ill. Reg. 10416, effective July 1, 1991; amended at 16 Ill. Reg. 3204, effective February 14, 1992; emergency amendment at 19 Ill. Reg. 12003, effective August 8, 1995, for a maximum of 150 days; amended at 19 Ill. Reg. 16623, effective December 1, 1995; amended at 20 Ill. Reg. 6492, effective April 30, 1996; recodified from Chapter VII, Department of Professional Regulation, to Chapter VIII, Office of Banks and Real Estate, pursuant to PA 89-23 and PA 89-508 at 20 Ill. Reg. 11984; amended at 21 Ill. Reg. 3602, effective March 7, 1997; amended at 21 Ill. Reg. 8350, effective June 30, 1997; old Part repealed and new Part adopted by emergency rulemaking at 24 Ill. Reg. 704, effective January 1, 2000, for a maximum of 150 days; old Part repealed and new Part adopted at 24 Ill. Reg. 8263, effective May 30, 2000; amended at 27 Ill. Reg. 12018, effective July 9, 2003; amended at 28 Ill. Reg. 2141, effective January 22, 2004; amended at 30 Ill. Reg. 11075, effective June 8, 2006; amended at 32 Ill. Reg. 6503, effective April 2, 2008; former Part repealed at 35 Ill. Reg. 5414 and new Part adopted at 35 Ill. Reg. 5418, effective March 21, 2011; amended at 40 Ill. Reg. 12588, effective September 2, 2016; amended at 41 Ill. Reg. 12561, effective October 6, 2017; amended at 42 Ill. Reg. 4582, effective March 9, 2018; Subpart K recodified at 42 Ill. Reg. 16946; amended at 43 Ill. Reg. 1975, effective January 25, 2019; amended at 45 Ill. Reg. 2851, effective February 23, 2021; amended at 48 Ill. Reg. 851, effective January 1, 2024.