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| Public Act 096-0989 |
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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 | ||||
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(Section scheduled to be repealed on January 1, 2020)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, | ||||
broker, salesperson, or
leasing agent license; sponsoring | ||||
broker;
register of licensees; pocket card. | ||||
(a) The expiration date and renewal period for each license | ||||
issued under
this Act shall be set by
rule, except that the | ||||
first renewal period ending after the effective date of this | ||||
Act for those licensed as a salesperson shall be extended | ||||
through April 30, 2012. Except as otherwise provided in this | ||||
Section, the holder of
a
license may renew
the license within | ||||
90 days preceding the expiration date thereof by completing the | ||||
continuing education required by this Act and paying the
fees | ||||
specified by
rule.
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(b) An individual whose first license is that of a broker | ||||
received after April 30, 2011, must provide evidence of having | ||||
completed 30 hours of post-license education in courses | ||||
approved by the Advisory Council, 15 hours of which must | ||||
consist of situational and case studies presented in the | ||
classroom or by other interactive delivery method presenting | ||
instruction and real time discussion between the instructor and | ||
the students, and personally take and pass an examination | ||
approved by the Department prior to the first renewal of their | ||
broker's license.
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(c) Any salesperson until April 30, 2011 or any managing | ||
broker, broker, salesperson or leasing agent whose license | ||
under this Act has expired shall be eligible to renew the | ||
license during the 2-year period following the expiration date, | ||
provided the managing broker, broker, salesperson, or leasing | ||
agent pays the fees as prescribed by rule and completes | ||
continuing education and other requirements provided for by the | ||
Act or by rule. Beginning on May 1, 2012, a managing broker | ||
licensee, broker, or leasing agent whose license has been | ||
expired for more than 2 years but less than 5 years may have it | ||
restored by (i) applying to the Department, (ii) paying the | ||
required fee, (iii) completing the continuing education | ||
requirements for the most recent pre-renewal period that ended | ||
prior to the date of the application for reinstatement, and | ||
(iv) filing acceptable proof of fitness to have his or her | ||
license restored, as set by rule. A managing broker, broker, | ||
salesperson or leasing agent whose license has been expired for | ||
more than 5 2 years shall be required to meet the requirements | ||
for a new license.
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(d) Notwithstanding any other provisions of this Act to the | ||
contrary, any managing broker, broker, salesperson, or leasing | ||
agent whose license expired while he or she was (i) on active | ||
duty with the Armed Forces of the United States or called into | ||
service or training by the state militia, (ii) engaged in | ||
training or education under the supervision of the United | ||
States preliminary to induction into military service, or (iii) | ||
serving as the Coordinator of Real Estate in the State of | ||
Illinois or as an employee of the Department may have his or | ||
her license renewed, reinstated or restored without paying any | ||
lapsed renewal fees if within 2 years after the termination of | ||
the service, training or education by furnishing the Department | ||
with satisfactory evidence of service, training, or education | ||
and it has been terminated under honorable conditions. | ||
(e) The Department shall establish and
maintain a register | ||
of all persons currently licensed by the
State and shall issue | ||
and prescribe a form of pocket card. Upon payment by a licensee | ||
of the appropriate fee as prescribed by
rule for engagement in | ||
the activity for which the licensee is
qualified and holds a | ||
license for the current period, the
Department shall issue a | ||
pocket card to the licensee. The
pocket card shall be | ||
verification that the required fee for the
current period has | ||
been paid and shall indicate that the person named thereon is | ||
licensed for the current renewal period as a
managing broker, | ||
broker, salesperson, or leasing agent as the
case may be. The | ||
pocket card shall further indicate that the
person named | ||
thereon is authorized by the Department to
engage in the | ||
licensed activity appropriate for his or her
status (managing | ||
broker, broker, salesperson, or leasing
agent). Each licensee | ||
shall carry on his or her person his or
her pocket card or, if | ||
such pocket card has not yet been
issued, a properly issued | ||
sponsor card when engaging in any
licensed activity and shall | ||
display the same on demand. | ||
(f) The Department shall provide to the sponsoring broker a | ||
notice of renewal for all sponsored licensees by mailing the | ||
notice to the sponsoring broker's address of record, or, at the | ||
Department's discretion, by an electronic means as provided for | ||
by rule. | ||
(g) Upon request from the sponsoring broker, the Department | ||
shall make available to the sponsoring broker, either by mail | ||
or by an electronic means at the discretion of the Department, | ||
a listing of licensees under this Act who, according to the | ||
records of the Department, are sponsored by that broker. Every | ||
licensee associated with or employed by a broker whose license | ||
is revoked, suspended, terminated, or expired shall be | ||
considered as inoperative until such time as the sponsoring | ||
broker's license is reinstated or renewed, or the licensee | ||
changes employment as set forth in subsection (c) of Section | ||
5-40 of this Act. | ||
(Source: P.A. 96-856, eff. 12-31-09.)
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