TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1455 REAL ESTATE APPRAISER LICENSING SECTION 1455.130 APPLICATION FOR TEMPORARY PRACTICE PERMIT
Section 1455.130 Application for Temporary Practice Permit
a) Each non-resident applicant for a temporary practice permit issued pursuant to Section 5-50 of the Act shall submit to the Division:
1) An application, in a manner prescribed by the Division and signed by the applicant, on which all questions have been answered;
2) A certification of licensure from each jurisdiction where the applicant is licensed or verification obtained through a search of the Division of the ASC National Registry; and
3) The fee required by Section 1455.320.
b) A temporary practice permit shall have a term of six months from the date of issuance and may be extended for a period of an additional six months upon written request and in a manner prescribed by the Division. A non-resident applicant may be issued no more than four temporary practice permits in a calendar year. The duration of a temporary practice permit shall not extend beyond the expiration date of the license issued by the temporary practice permit holder's home licensure jurisdiction.
c) Any person issued a temporary practice permit shall be limited to a specific appraisal assignment. For the purposes of this Section, the term "assignment" shall mean one or more real estate appraisals and written appraisal reports that are covered by a contract to provide an appraisal. A copy of the master agreement, as defined in Section 1455.10, must be supplied to the Department in the absence of a specific engagement.
d) Any person issued a temporary practice permit shall be subject to the provisions of the Act and this Part, and the Department shall have regulatory responsibility for any person violating any provisions of the Act and this Part while the person is practicing in the State of Illinois.
e) If the Department takes any disciplinary action against an appraiser practicing in the State of Illinois under a temporary practice permit, it shall notify the jurisdictions in which the appraiser is actively licensed.
f) Persons issued a temporary practice permit shall affix the temporary practice permit number, issuance date, expiration date of the temporary practice permit, and permit title within the body of the appraisal report beneath the licensee's signature, on the certification page and wherever the signature appears.
g) The permit title is "Illinois Temporary Practice Permit". Temporary Practice Permit assignments covered by a master agreement, as defined in Section 1455.10, or by a written engagement, must include, at a minimum, the date of the master agreement, the intended user, the intended use, the property type, and the location of the Illinois property that is the subject of the report.
(Source: Amended at 48 Ill. Reg. 14553, effective September 24, 2024) |