225 ILCS 454/5-60
2021 Illinois Compiled Statutes|Chapter 225 - PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS|225 ILCS 454/ - Real Estate License Act of 2000.|Article 5 - Licensing And Education

(Section scheduled to be repealed on January 1, 2030)Sec. 5-60. Managing broker licensed in another state; broker licensed in another state;  reciprocal agreements; agent  for service  of process.(a) A managing broker's license may be issued by the Department to a managing broker or its equivalent licensed under the laws of another state of the United States, under the following conditions:(1) the managing broker holds a managing broker's     license in a state that has entered into a reciprocal agreement with the Department;(2) the standards for that state for licensing as a     managing broker are substantially equal to or greater than the minimum standards in the State of Illinois;(3) the managing broker has been actively practicing     as a managing broker in the managing broker's state of licensure for a period of not less than 2 years, immediately prior to the date of application;(4) the managing broker furnishes the Department with     a statement under seal of the proper licensing authority of the state in which the managing broker is licensed showing that the managing broker has an active managing broker's license, that the managing broker is in good standing, and that no complaints are pending against the managing broker in that state;(5) the managing broker passes a test on Illinois     specific real estate brokerage laws; and(6) the managing broker was licensed by an     examination in the state that has entered into a reciprocal agreement with the Department.(b) A broker's license may be issued by the Department to a broker or its equivalent licensed under the  laws of another  state of the United States, under the following conditions:(1) the broker holds a broker's license in a state     that has entered into a reciprocal agreement with the Department;(2) the standards for that state for licensing as a     broker are substantially equivalent to or greater than the minimum standards in the State of Illinois;(3) (blank);(4) the broker furnishes the Department with a     statement under seal of the proper licensing authority of the state in which the broker is licensed showing that the broker has an active broker's license, that the broker is in good standing, and that no complaints are pending against the broker in that state;(5) the broker passes a test on Illinois specific     real estate brokerage laws; and(6) the broker was licensed by an examination in a     state that has entered into a reciprocal agreement with the Department.(c) (Blank).(d) As a condition precedent to the issuance of a license to a managing broker  or broker pursuant to this Section,  the managing broker or broker shall agree in writing to abide by all the provisions  of this Act with  respect to his or her real estate activities within the State of Illinois and  submit to the jurisdiction of the Department   as provided in this Act.  The agreement shall be filed with the Department and shall  remain in force  for so long as the managing broker or broker is licensed by this State  and thereafter with  respect to acts or omissions committed while licensed as a managing broker or  broker in this State.(e) Prior to the issuance of any license to any managing broker or broker pursuant to this Section, verification of  active licensure issued  for the conduct of such business in any other state must be filed with the Department by  the managing broker or broker,  and the same fees must be paid as provided in this Act for the obtaining of a  managing broker's or broker's license in this State.(f) Licenses previously granted under reciprocal agreements with other  states shall remain in  force so long as the Department has a reciprocal agreement with the state that includes  the requirements of this Section, unless  that license is suspended, revoked, or terminated by the Department for any reason  provided for  suspension, revocation, or  termination of a resident licensee's license.  Licenses granted under  reciprocal agreements may be  renewed in the same manner as a resident's license.(g) Prior to the issuance of a license to a nonresident managing broker or broker, the managing broker or broker shall file with the Department, in a manner prescribed by the Department, a designation in writing that appoints the Secretary   to act as  his or her agent upon whom all judicial and other process or legal notices  directed to the managing broker or broker may be served.  Service upon the agent so designated shall be  equivalent to personal  service upon the licensee.  Copies of the appointment, certified by the Secretary, shall be  deemed sufficient evidence thereof and shall be admitted in evidence with the  same force and effect  as the original thereof might be admitted.  In the written designation, the managing broker  or broker  shall agree that any lawful process against the licensee that is served upon  the agent shall be of  the same legal force and validity as if served upon the licensee and that the  authority shall continue  in force so long as any liability remains outstanding in this State.  Upon the  receipt of any process or notice, the Secretary  shall forthwith deliver a copy of the same by regular mail or email to the last known  business address or email address of the  licensee.(h) Any person holding a valid license under this Section shall be eligible  to obtain a managing broker's license or a  broker's license without examination should that person change  their state of  domicile to Illinois and that person otherwise meets the qualifications for  licensure under this Act.  (Source: P.A. 101-357, eff. 8-9-19.)