reglab/statecodes huggingface dataset:
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1445 - COMMUNITY ASSOCIATION MANAGER LICENSING AND DISCIPLINARY ACT › Section 1445.400 - Granting Variances

Current through Register Vol. 48, No. 28, July 12, 2024
a) The
			 Director may grant variances from this Part in individual cases when the
			 Director finds that:
1) The provision from
			 which the variance is granted is not statutorily mandated;
2) No party will be injured by the granting
			 of the variance; and
3) The rule
			 from which the variance is granted would, in the particular case, be
			 unreasonable or unnecessarily burdensome.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.110 - Sponsorship

Current through Register Vol. 48, No. 28, July 12, 2024
a) Residential
				Leasing Agent
1) Except for an individual
				working under a residential leasing agent permit (see Section
				1450.240),
				no residential leasing agent license applicant may engage in leasing
				residential real estate (see Section
				1450.200) until
				a valid sponsorship of the applicant has been registered with the Division by
				the sponsoring broker.
2) A
				sponsoring broker shall certify to the Division that the applicant whose name
				appears on the registration is employed by or associated with that sponsoring
				broker.
3) Within 24 hours after
				establishing the sponsorship, the sponsoring broker shall notify the Division,
				in a format provided by the Division, that the residential leasing agent is
				employed by, or associated with, the sponsoring broker.
4) A sponsoring broker may sponsor a
				residential leasing agent or applicant only upon the sponsoring broker's
				receipt of any of the following:
A) A
				residential leasing agent examination pass score report stating that the
				applicant passed the exam;
B)
				Termination of sponsorship by the sponsoring broker who previously employed or
				was associated with the residential leasing agent;
C) A current inactive residential leasing
				agent license; or
D) A residential
				leasing agent license expired for less than 2 years.
5) The applicant or licensee shall, within 24
				hours after establishing sponsorship, submit to the Division, in a format
				provided by the Division, the following:
A)
				Residential Leasing Agent Applicants
i) A
				copy of the applicant's transcript evidencing compliance with the education
				requirements, if applicable;
ii) A
				residential leasing agent examination pass score report stating that the
				applicant passed the exam;
iii) A
				signed and completed residential leasing agent license application;
				and
iv) The required residential
				leasing agent license application fee set forth in Section
				1450.130.
B) Residential Leasing Agent
				Licensee
i) Confirmation of sponsorship in a
				format provided by the Division; and
ii) The required sponsorship fee set forth in
				Section 1450.130.
6) A sponsoring broker shall maintain a
				register of all sponsored residential leasing agents and shall make the list
				readily available to the public (see Section
				1450.730).
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.115 - Termination of Sponsorship

Current through Register Vol. 48, No. 28, July 12, 2024
a) Upon
				termination of sponsorship by a sponsoring broker, the sponsoring broker shall
				immediately notify the terminated licensee, and within 24 hours after the
				termination shall notify the Division, in a format provided by the
				Division.
b) When a licensee
				initiates termination with the sponsoring broker, the licensee shall, within 24
				hours of termination, notify the Division, in a format provided by the
				Division, and shall immediately notify the sponsoring broker.
c) Once the sponsorship has been terminated,
				the license is automatically changed to inactive status and the licensee is
				prohibited from engaging in licensed activities until the licensee has
				established a valid sponsorship with a new sponsoring broker.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.120 - Assumed Name

Current through Register Vol. 48, No. 28, July 12, 2024
a) If a sponsoring
				broker, acting as a sole proprietor, operates under any name other than that
				appearing on the sponsoring broker's license, the sponsoring broker shall
				submit to the Division a copy of the sponsoring broker's registration under the
				Assumed Business Name Act [805 ILCS 405]. The assumed business name
				registration shall be obtained in each county in which the assumed business
				name is used.
b) If a sponsoring
				broker, acting as a partnership, corporation, limited liability corporation,
				limited partnership, or limited liability partnership, operates under any name
				other than that appearing on the sponsoring broker's license, the sponsoring
				broker shall submit to the Division a copy of the filing or certificate
				authorizing it to do business under an assumed name under the Assumed Business
				Name Act [805 ILCS 405]. The assumed business name registration shall be
				obtained in each county in which the assumed business name is used.
c) Any partnership, corporation, limited
				liability company, limited partnership or limited liability partnership
				operating under any name other than that appearing on its application for a
				license shall submit to the Division a copy of the filing or certificate
				authorizing it to do business under an assumed name from the Illinois Secretary
				of State's Office.
d) Sponsored
				licensees, including a team or teams, may not operate under an assumed business
				name other than an assumed business name of their sponsoring broker.
e) The sponsoring broker shall submit the
				information to the Division within 30 days after registration of the assumed
				name in a format provided by the Division.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.130 - Fees

Current through Register Vol. 48, No. 28, July 12, 2024
a) Residential
				Leasing Agent License and Residential Leasing Agent Student
1) The application fee for an initial
				residential leasing agent license is $100.
2) The renewal fee for an unexpired
				residential leasing agent license is $150 per renewal.
3) The late fee for a residential leasing
				agent license expired for no more than 2 years is $75.
4) The application fee for a residential
				leasing agent permit is $50.
5) The
				restoration fee for a residential leasing agent license expired for more than 2
				years but less than 5 years is the sum of all lapsed renewal and late
				fees.
6) A person receiving an
				initial license during the first renewal period shall not be required to pay
				the initial renewal fee and will be issued a license expiring on the second
				renewal deadline.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.140 - Renewals

Current through Register Vol. 48, No. 28, July 12, 2024
a) Every
				residential leasing agent license expires on July 31 of each even-numbered
				year.
b) Every broker license
				expires on April 30 of each even-numbered year.
c) Every managing broker license expires on
				April 30 of each odd-numbered year.
d) Sponsoring brokers shall also submit a
				properly completed consent to examine and audit special accounts form required
				by the Division.
e) Every real
				estate auction certification expires on December 31 of each even-numbered year.
				A real estate auction certificate holder whose certificate has been expired for
				more than 2 years shall be required to meet the requirements for a new
				certificate.
f) Every corporation,
				limited liability company, partnership, limited partnership, and limited
				liability partnership license expires on October 31 of each even-numbered year.
				Each renewal, the licensee shall submit the following:
1) A properly completed consent to examine
				and an audit special accounts form; and
2) Notice of any change of business
				information as provided for in Section
				1450.150,
				if applicable.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.145 - Restoration

Current through Register Vol. 48, No. 28, July 12, 2024
a) A person
				applying for restoration of a residential leasing agent license expired for
				more than 2 years but less than 5 years shall submit the following:
1) A signed and completed residential leasing
				agent restoration application, in a format provided by the Division;
2) Proof of completion of the CE requirements
				set forth in Section
				1450.250
				for the license term that ended immediately prior to the date of the
				restoration application; and
3) The
				required fee set forth in Section
				1450.130.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.150 - Required Information of Applicant or Licensee

Current through Register Vol. 48, No. 28, July 12, 2024
a) Address of Record and Email Address of
				Record
1) Pursuant to Section 2105-7 of the
				Civil Administrative Code of Illinois [20 ILCS 2105], all applicants and
				licensees shall:
A) Provide to the Division a
				valid address, which shall not be a post office box, and a valid email address,
				which shall serve as the address of record and email address of record,
				respectively, at the time of application for licensure or renewal of a license;
				and
B) Inform the Division, in a
				format provided by the Division, within 14 days after any change.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart A - GENERAL › Section 1450.160 - Dual Licensure

Current through Register Vol. 48, No. 28, July 12, 2024
a) A
				licensee may not simultaneously hold licenses as a:
1) Managing broker and residential leasing
				agent;
2) Managing broker and
				broker; or
3) Broker and
				residential leasing agent.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.200 - Residential Leasing Agent General Provisions

Current through Register Vol. 48, No. 28, July 12, 2024
a) A licensed residential leasing agent shall
				not engage in any licensed activities other than licensed activities related to
				leasing of residential real property. A licensed residential leasing agent may
				not engage in any licensed activities described in Section 1-10 of the Act that
				do not relate to leasing residential real property or would otherwise require a
				broker license.
b) No person other
				than a licensed managing broker, broker or residential leasing agent or a
				person working under a residential leasing agent permit shall engage in leasing
				residential real property for another and for compensation.
c) No residential leasing agent licensee may
				accept compensation for the performance of leasing residential real property
				except from the sponsoring broker by whom the licensee is sponsored.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.205 - Residential Leasing Agent Pre-License Education Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
An applicant for a residential leasing agent license must
				  complete 15 credit hours of instruction recommended by the Board and approved
				  by the Division, as set forth in Section 5-10(a)(5) of the Act. All education
				  providers, pre-license instructors, and pre-license courses relating to
				  residential leasing agent licensure must be approved by the Division and
				  licensed pursuant to Subpart K.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.210 - Residential Leasing Agent Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each applicant for a residential leasing
				agent license shall submit an application for examination as determined by the
				Division or its designated testing service, including:
1) Certification that the applicant is at
				least 18 years of age;
2)
				Certification of successful completion of a four-year course of study in high
				school or secondary school or an equivalent course of study;
3) The required fee set forth in Section
				1450.130; and
4) Proof of completion of 15 hours of
				instruction in real estate courses recommended by the Board and approved (see
				Section
				1450.205).
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.220 - Application for Residential Leasing Agent License by Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each applicant
				for a residential leasing agent license shall submit to the Division:
1) A signed and completed application, in a
				format provided by the Division;
2)
				The required fee set forth in Section
				1450.130;
3) Proof of successful completion of the
				examination authorized by the Division;
4) Proof of sponsorship if the applicant is
				seeking an active license (see Section
				1450.110);
				and
5) A transcript, if
				applicable.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.240 - Residential Leasing Agent Permit

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Pursuant to Section 5-5(d) of the Act, a person engaging in leasing residential
				real estate may engage in residential leasing activities for a period of 120
				consecutive days without being licensed if they first obtain a residential
				leasing agent permit, which shall be valid for a period of 120 days. A permit
				holder shall comply with all provisions of the Act and this Subpart as if the
				permit holder were a residential leasing agent licensee and shall be subject to
				standards of practice and disciplinary provisions as if the permit holder were
				a residential leasing agent licensee. A sponsoring broker for a permit holder
				shall be responsible for the activities and actions of a permit holder as if
				the permit holder were a residential leasing agent licensee. A permit holder
				may only be sponsored by one sponsoring broker during one 120 consecutive
				calendar day period.
b) Within 24
				hours after employing, or associating with, by a written independent contract
				agreement with, a permit holder seeking a residential leasing agent license, a
				sponsoring broker shall submit the following information to the Division, in a
				format provided by the Division:
1) The name,
				address and other information requested by the Division to identify the permit
				holder and sponsoring broker; and
2) Certification by the permit holder and the
				sponsoring broker or designated managing broker that the permit holder:
A) Will not work for more than 120
				consecutive calendar days without having been issued a residential leasing
				agent license;
B) Is pursuing
				licensure under Section 5-5(d) of the Act;
C) Is at least 18 years of age;
D) Has successfully completed a four-year
				course of study in a high school or secondary school or an equivalent course of
				study; and
E) Is at the time of
				association, or will be within a period of 60 days, enrolled in a residential
				leasing agent course of instruction approved by the
				Division.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.250 - Residential Leasing Agent Continuing Education

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each residential leasing agent licensee
				shall complete, during the current term of the license, a minimum of 8 CE hours
				from a single core curriculum recommended by the Board and approved by the
				Division. Approved courses shall, at a minimum, cover recent changes in the Act
				and other laws affecting the leasing of residential real estate, including fair
				housing and human rights issues related to residential leasing, advertising and
				marketing, leases, applications, credit reports and criminal history, handling
				of funds, ownership-tenant relationships, owner-tenant laws, environmental
				issues related to residential real estate, and sexual harassment prevention
				training (see Section 2105-15.5 of the Department of Professional Regulation
				Law [20 ILCS 2105]).
b) A licensee
				is not required to complete CE requirements for the first renewal following the
				issuance of the initial residential leasing agent license.
c) Education providers, instructors and
				courses must be approved by the Division as set forth in Sections
				1450.1100,
				1450.1105,
				1450.1145
				and
				1450.1155.
d) Certification of Compliance with CE
				Requirements
1) Each licensee shall certify,
				on the renewal application, full compliance with the CE requirements of this
				Section.
2) The Division may, in
				the context of compliance audits, require additional evidence demonstrating
				compliance with the CE requirements. Each licensee shall retain proof of
				completed CE.
3) In the context of
				a compliance audit, the Division shall accept verification submitted directly
				from a licensed education provider on behalf of a licensee as proof of CE
				compliance.
4) Failure to comply
				with CE requirements is a violation of the Act and may subject a licensee to a
				citation or such other discipline as set forth in the Act and this
				Part.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart B - LEASING AGENT LICENSING AND EDUCATION › Section 1450.260 - Approved Courses, Schools and Instructors for Leasing Agents (Repealed)

Current through Register Vol. 48, No. 28, July 12, 2024
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart D - BROKER LICENSING AND EDUCATION › Section 1450.400 - Broker Pre-License Education Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
An applicant for a broker license must complete 75 credit
				  hours of instruction (see Section
				  1450.1105).
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart D - BROKER LICENSING AND EDUCATION › Section 1450.410 - Broker Post-License Education Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
a) Brokers shall be required to complete 45
				hours of post-license education consisting of three 15-hour courses covering
				applied brokerage principles, risk management/discipline, and transactional
				issues, as required by the Act. This education must address the practical
				application of pre-license topics to the practice of real estate (see Section
				1450.1105(c)).
				Brokers shall also pass an education provider administered 50-question
				examination for each course. The education and examinations shall be completed
				prior to the first renewal of the license.
b) Brokers taking the 45-hour post-license
				education during their first license term shall not be required to complete any
				other CE during that license term. The 45-hour post-license education must be
				completed within the 2 years immediately preceding the broker's first renewal.
				However, those individuals who received their initial broker license within 180
				days preceding the first broker renewal deadline must complete the 45-hour
				post-license education and pass each of the three 15-hour course final exams
				prior to the second broker renewal deadline.
c) The Division shall conduct audits to
				verify compliance with this Section.
d) The requirements of this Section do not
				apply to attorneys currently admitted to practice law by the Supreme Court of
				Illinois.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart D - BROKER LICENSING AND EDUCATION › Section 1450.420 - Broker Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each
				applicant for a broker license shall submit an application for examination as
				determined by the Division or its designated testing service, including:
1) Certification that the applicant is at
				least 18 years of age;
2)
				Certification of successful completion of a four-year course of study in high
				school or secondary school or an equivalent course of study;
3) The required fee set forth in Section
				1450.130; and
4) Proof of one of the following:
A) Currently admitted to practice law by the
				Supreme Court of Illinois; or
B)
				Completion of 75 hours of instruction in real estate courses recommended by the
				Board and approved by the Division (see Section
				1450.1105).
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart D - BROKER LICENSING AND EDUCATION › Section 1450.430 - Application for Broker License by Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each applicant for a broker license shall
				submit to the Division:
1) A signed and
				completed application in a format provided by the Division;
2) The required fee set forth in Section
				1450.130;
3) Proof of successful completion of the
				examination authorized by the Division;
4) Proof of sponsorship, if the applicant is
				seeking an active license (see Section
				1450.110);
				and
5) A transcript, if
				applicable.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart D - BROKER LICENSING AND EDUCATION › Section 1450.440 - Application for Broker License by Reciprocity

Current through Register Vol. 48, No. 28, July 12, 2024
a) An Illinois broker license shall be issued
				by reciprocity to a broker under the following conditions:
1) The broker holds an active broker license,
				or its equivalent, by examination in a state with a reciprocal agreement with
				the Department;
2) The broker
				licensing standards of that state are substantially equivalent to or greater
				than the minimum standards in Illinois;
3) The broker maintains a physical or virtual
				place of business, as permitted by law, in the broker's state of licensure;
				and
4) The broker submits:
A) An application, in a format provided by
				the Division;
B) The required fee
				set forth in Section
				1450.130;
C) A certification, or a statement bearing
				the seal of the licensing authority, from each state of licensure, evidencing:
i) An active broker license in that
				state;
ii) That the license is in
				good standing; and
iii) Any
				disciplinary action taken against the broker;
D) Proof of passing an examination approved
				by the Division on Illinois specific real estate laws;
E) If the broker does not maintain a definite
				place of business within the State of Illinois, a written statement that:
i) appoints the Secretary to act as the
				broker's agent upon whom all judicial and other process may be
				served;
ii) acknowledges and agrees
				to abide by all of the provisions of the Act and this Part with respect to all
				of the broker's licensed activities within and relating to the State of
				Illinois; and
iii) assents to
				jurisdiction of the Department; and
F) Proof of sponsorship, if the applicant is
				seeking an active license.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart D - BROKER LICENSING AND EDUCATION › Section 1450.450 - Broker Continuing Education

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Continuing Education Hour Requirements
1) As
				set forth in Section 5-70 of the Act, each broker, except as otherwise provided
				in Section 5-70(b), is required to complete 12 CE hours during the current term
				of the license. The total of 12 CE hours of courses approved by the Division
				may be taken at any time during the current term of the license.
2) As set forth in Section 5-50(b) of the
				Act, brokers receiving their initial broker license are required to complete
				the 45-hour post-license education during their first license term and are not
				required to complete any other CE during that license term. If an individual
				receives the initial broker license within 180 days preceding the first broker
				renewal deadline, the broker must complete the 45-hour post-license education
				prior to the second broker renewal deadline.
3) Brokers licensed in Illinois but residing
				and practicing in other states shall comply with the CE requirements set forth
				in this Section, unless they are exempt (see Section 5-70(b) of the
				Act).
4) The Division shall conduct
				audits to verify compliance with this Section.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.500 - Managing Broker Pre-License Education Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
An applicant for a managing broker license must have
				  completed a total of 165 credit hours of instruction as set forth in Section
				  1450.1105.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.510 - Managing Broker Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Each applicant for a managing broker license shall submit an application for
				examination as determined by the Division or its designated testing service,
				including:
1) Certification that the
				applicant is at least 20 years of age;
2) Certification of successful completion of
				a four-year course of study in high school or secondary school or an equivalent
				course of study;
3) The fee
				required by Section
				1450.130; and
4) Proof of one of the following:
A) Currently admitted to practice law by the
				Supreme Court of Illinois; or
B)
				Completion of a total of 165 credit hours of instruction in real estate courses
				approved by the Division.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.520 - Application for Managing Broker License by Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each applicant for a managing broker
				license shall submit to the Division:
1) A
				signed and completed application in a format provided by the
				Division;
2) The required fee set
				forth in Section
				1450.130;
3) Proof of successful completion of the
				examination authorized by the Division;
4) Proof of sponsorship or self-sponsorship,
				if the applicant is seeking an active license (see Section
				1450.110);
5) A transcript, if applicable;
6) If the applicant will be a self-sponsored
				managing broker, a completed consent to examine and audit special accounts
				form;
7) A certification that the
				applicant has been actively licensed and in good standing as a broker for 2
				consecutive years out of the last 3 years; and
8) Any other documentation prescribed by the
				Division.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.530 - Application for Managing Broker License by Reciprocity

Current through Register Vol. 48, No. 28, July 12, 2024
a) An Illinois managing broker license shall
				be issued by reciprocity to a managing broker under the following conditions:
1) The managing broker holds an active
				managing broker license, or its equivalent, by examination in a state with a
				reciprocal agreement with the Department;
2) The managing broker licensing standards of
				that state are substantially equivalent to or greater than the minimum
				standards in Illinois;
3) The
				managing broker maintains a physical or virtual place of business, as permitted
				by law, in the managing broker's state of licensure and has been actively
				engaging in licensed activities as a managing broker or broker during the
				immediately preceding 2 years; and
4) The managing broker submits:
A) An application, in a format provided by
				the Division;
B) The required fee
				set forth in Section
				1450.130;
C) A certification, or a statement bearing
				the seal of the licensing authority, from each state of licensure, evidencing:
i) an active managing broker license in that
				state;
ii) that the license is in
				good standing; and
iii) any
				disciplinary action taken against the managing broker.
D) Proof of passing an examination approved
				by the Division on Illinois real estate laws;
E) If the managing broker does not maintain a
				definite place of business within the State of Illinois, a written statement
				that:
i) appoints the Secretary to act as the
				managing broker's agent upon whom all judicial and other process may be
				served;
ii) acknowledges and agrees
				to abide by all of the provisions of the Act and this Part with respect to all
				of the managing broker's licensed activities within and relating to the State
				of Illinois; and
iii) assents to
				jurisdiction of the Department; and
F) If the managing broker is not
				self-sponsored, then proof of sponsorship if the applicant is seeking an active
				license.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.540 - Managing Broker Continuing Education

Current through Register Vol. 48, No. 28, July 12, 2024
a) Continuing Education Hour Requirements
1) As set forth in Section 5-70 of the Act,
				each managing broker, except as otherwise provided in Section 5-70(b), is
				required to complete 12 CE hours during the current term of the license. The
				total of 12 CE hours of courses approved by the Division may be taken at any
				time during the current term of the license.
2) In addition to the CE required in
				subsection (a)(1), all renewing managing brokers must complete a 12-hour broker
				management CE course, the content of which shall be recommended by the Board
				and approved by the Division. This 12-hour broker management CE course must be
				completed in the classroom, by interactive webinar, or by online distance
				education format. In order to promote uniformity and consistency, the Division,
				following the recommendation of the Board, may provide a standardized
				curriculum to be utilized by all licensed education providers.
3) Pursuant to Section 5-70(l) of the Act, a
				managing broker renewing their license for the first time may use the 45-hour
				managing broker pre-license brokerage administration and management course to
				satisfy the 12-hour broker management CE requirement.
4) If the current term of the managing broker
				license ends within the 90 days after the initial managing broker license is
				issued, a licensee is not required to complete CE for that managing broker
				license term but shall complete all CE requirements before the next managing
				broker renewal deadline.
5)
				Managing brokers licensed in Illinois but residing and practicing in other
				states shall comply with the CE requirements set forth in this Section, unless
				they are exempt under Section 5-70(b) of the Act.
6) The Division shall conduct audits to
				verify compliance with this Section.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.550 - Managing Broker License Transfer to Broker License

Current through Register Vol. 48, No. 28, July 12, 2024
a) An individual licensee holding an active
				managing broker license may exchange the managing broker license for a broker
				license if the managing broker license is eligible for renewal. Upon issuance
				of the broker license, the licensee shall be subject to all CE requirements
				(see Section
				1450.450).
b) To transfer a managing broker license to a
				broker license an applicant shall submit to the Division:
1) A signed and completed application in a
				format provided by the Division; and
2) The required fee set forth in Section
				1450.130(b)(5).
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart E - MANAGING BROKER LICENSING AND EDUCATION › Section 1450.560 - Managing Broker Self-Sponsorship

Current through Register Vol. 48, No. 28, July 12, 2024
A self-sponsored managing broker may sponsor licensees if the
				  self-sponsored managing broker meets all the requirements for a sponsoring
				  broker.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › 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

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each applicant
				for a corporation, limited liability company, partnership, limited partnership
				or limited liability partnership license shall submit:
1) A signed and completed application in a
				format provided by the Division;
2)
				The required fee set forth in Section
				1450.130;
3) A Federal Employer Identification Number
				(FEIN);
4) Consent for the Division
				to examine and audit special accounts;
5) The name and license number of the
				designated managing broker;
6) If
				an assumed name will be used, a copy of the certificate authorizing it to do
				business, as set forth in the Assumed Business Name Act [805 ILCS 405];
				and
7) Proof of ownership that may,
				from time to time, be required by the Division.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart F - CORPORATIONS, LIMITED LIABILITY COMPANIES, PARTNERSHIPS, LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS › Section 1450.610 - Place of Business; Office and Virtual Office Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
a) A licensee's
				place of business shall be the physical office or virtual office of the
				licensee's sponsoring broker.
b)
				Each sponsoring broker shall register all physical or virtual office locations
				with the Division in a format provided by the Division.
c) Physical Offices
1) An office is any fixed business location
				or physical structure that is owned, controlled, operated or maintained by a
				licensee who, at that business location or structure, is:
A) Engaging in licensed activities;
B) Offering real estate services to
				consumers;
C) Holding out to the
				public that the licensee is engaging in licensed activities;
D) Maintaining original real estate documents
				and records related to active or pending transactions;
E) Maintaining current escrow
				records;
F) Maintaining any record
				related to special accounts; or
G)
				Meeting consumers for the purpose of engaging in licensed activities.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.700 - Sponsoring Broker Responsibilities

Current through Register Vol. 48, No. 28, July 12, 2024
a) The sponsoring broker, other than a sole
				proprietor with no other sponsored licensees, shall establish a written company
				policy and remain ultimately responsible for compliance with Section 10-55 of
				the Act and Section
				1450.705.
				The sponsoring broker shall name a designated managing broker who will be
				responsible for the oversight of every office. The designated managing broker
				shall have the authority to act on behalf of the sponsoring broker.
b) A sponsoring broker may delegate to
				unlicensed personnel, including but not limited to accountants, office
				managers, or unlicensed assistants (see Section
				1450.740),
				activities or duties not prohibited by the Act or this Part. Any licensee who
				supervises unlicensed personnel shall be responsible for the unlicensed
				person's actions, in accordance with Sections
				1450.705(b)
				and
				1450.740(d).
c) The sponsoring broker shall inform the
				Division in writing of the name and license number of all designated managing
				brokers employed by the sponsoring broker and the offices each designated
				managing broker is responsible for managing.
d) The sponsoring broker is ultimately
				responsible for maintaining a registry of sponsored licensees. If the
				sponsoring broker maintains no physical office, the registry shall be included
				on a virtual office website or digital platform.
e) No fewer than 14 days prior to a
				sponsoring broker ceasing operations, the sponsoring broker shall provide
				written notice to all sponsored licensees to allow the sponsored licensees to
				secure new sponsoring brokers and shall provide written notice to all active
				clients to allow the clients to secure brokerage agreements with new sponsoring
				brokers.
f) Any violation of the
				Act by any licensees employed by or associated with a sponsoring broker, or by
				any unlicensed assistant or other unlicensed employee of a sponsoring broker,
				shall not be cause for suspension or revocation of a sponsoring broker's
				license, unless a sponsoring broker had knowledge of a violation of the Act. A
				sponsoring broker's failure to provide an appropriate written company policy or
				failure to properly supervise shall be cause for discipline, including
				suspension or revocation, of the sponsoring broker's license.
g) All provisions of this Section shall apply
				to self-sponsored managing broker licensees.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.705 - Designated Managing Broker Responsibilities and Supervision

Current through Register Vol. 48, No. 28, July 12, 2024
a) All designated
				managing brokers shall notify the Division, within 24 hours, in a format
				provided by the Division, of any change of business address of the offices they
				manage.
b) A designated managing
				broker shall supervise the activities of licensees and unlicensed assistants
				working in offices managed by the designated managing broker. Supervision of
				activities includes, but is not limited to:
1)
				Implementing and training on company policies and procedures established by the
				sponsoring broker;
2) Training of
				all sponsored licensees and unlicensed assistants;
3) Supervising and assisting licensees in
				real estate transactions;
4)
				Supervising special accounts over which the sponsoring broker has delegated
				responsibility to the designated managing broker in order to ensure compliance
				with the special account provisions of the Act and this Part;
5) Supervising all advertising, in any
				medium, of any service for which a license is required;
6) Familiarizing sponsored licensees with the
				requirements of federal and State laws and local ordinances relating to
				licensed activities; and
7)
				Compliance with this Part by licensees and unlicensed assistants supervised by
				the designated managing broker and by any offices under their
				management.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.710 - Discrimination

Current through Register Vol. 48, No. 28, July 12, 2024
a) No licensee
				shall enter into a listing agreement that prohibits the sale or rental of real
				estate to any person because of race, color, religion, national origin, sex,
				ancestry, age, marital status, physical or mental disability, familial status,
				pregnancy, sexual orientation, including but not limited to gender identity,
				military status, unfavorable discharge from the military service, order of
				protection status, an arrest record, or any other class protected by Article 3
				of the Illinois Human Rights Act [775 ILCS 5].
b) No licensee shall perform licensed
				activities with respect to any real estate for which disposition is prohibited
				to any person because of race, color, religion, national origin, sex, ancestry,
				age, marital status, physical or mental disability, familial status, pregnancy,
				sexual orientation, including but not limited to gender identity, military
				status, unfavorable discharge from the military service, order of protection
				status, an arrest record, or any other class protected by Article 3 of the
				Illinois Human Rights Act.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.715 - Advertising

Current through Register Vol. 48, No. 28, July 12, 2024
a) Deceptive and
				misleading advertising includes, but is not limited to, the following:
1) Advertising property subject to an
				exclusive listing agreement with a sponsoring broker, other than the licensee's
				sponsoring broker, without the permission and identification of the sponsoring
				broker with the exclusive listing;
2) Use of terms in a team name that are
				inherently misleading (e.g., company, realty, real estate, agency, associates,
				brokers, properties, property), unless the term is followed by the word
				"team".
3) Failing to remove
				advertising of a listed property within a reasonable time, considering the
				nature of the advertising, the licensee's control over the removal of the
				advertising, the ease of removing the advertising, knowledge that the
				advertising was continuing, and any other pertinent criteria, after the closing
				of a sale on the listed property or the expiration or termination of the
				listing agreement, whichever occurs first;
4) Advertising property at auction as an
				absolute auction or auction without reserve, when a minimum bid or opening bid
				is required;
5) Advertising
				property in a manner that creates a reasonable likelihood of confusion
				regarding the permitted use of the property; and
6) Engaging in:
A) Phishing;
B) Using URL, domain name, username, social
				media handle, metatag, keyword or other device or method intended to
				deceptively direct, drive or divert internet traffic; or
C) Misleading consumers.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.720 - Digital or Electronic Advertising and Communication

Current through Register Vol. 48, No. 28, July 12, 2024
a) For purposes of this Section:
1) "Advertising" or "Marketing Real Property"
				means use of a website, digital platform, or any form of social media to
				disseminate:
A) Information regarding
				properties listed with a sponsoring broker;
B) The identity of that sponsoring broker or
				the individual licensee for each property; and
C) Information related to those
				properties.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.725 - Office Identification

Current through Register Vol. 48, No. 28, July 12, 2024
a) An
				identification sign on the outside of any physical office shall be of a size
				and nature that is reasonably readable by the public, shall be affixed to the
				office, and shall contain the sponsoring broker's name. Building directory
				listings that contain this information fulfill the requirements of this
				Section.
b) The identification sign
				must be plainly visible from an area accessible to the public.
c) For a virtual office, the website or
				digital platform shall contain the sponsoring broker's name and satisfy all
				advertising requirements set forth in Sections
				1450.715 and
				1450.720.
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.730 - Office Registry Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
a) Proof of licensure for all sponsored
				licensees must be readily available to the public in the sponsoring broker's
				physical office or available through some electronic means provided by the
				sponsoring broker.
b) For a virtual
				office, this requirement is met by prominently displaying a registry of all
				sponsored licensees on the sponsoring broker's virtual office website or
				digital platform. The registry shall include all sponsored licensees registered
				with the Division and their corresponding license numbers. Designated managing
				brokers must be identified as set forth in Section
				1450.610(d)(2)(D).
Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1450 - REAL ESTATE LICENSE ACT OF 2000 › Subpart G - COMPENSATION AND BUSINESS PRACTICES › Section 1450.735 - Employment or Independent Contractor Agreements

Current through Register Vol. 48, No. 28, July 12, 2024
a) Every sponsoring broker shall have a
				written employment or independent contractor agreement with each sponsored
				licensee. Sole proprietors shall not be required to have an employment
				agreement with themselves, but shall have a written employment or independent
				contractor agreement with each sponsored licensee.
b) The written employment or independent
				contractor agreement shall be dated and signed by the parties. The employment
				or independent contractor agreement shall include, at a minimum, the terms of
				the employment or independent contractor relationship, including, but not
				limited to, supervision, duties, compensation, duration and procedure for
				termination. The term "duration", as used in this subsection, is not intended
				to require a specific termination date, but rather to allow the parties to
				negotiate the terms of the employment agreement, such as "at will" or a
				specific length of time, and how the employment or independent contractor
				agreement is renewed or terminated. These terms shall be included in the
				employment or independent contractor agreement.
c) The sponsoring broker shall provide, to
				each sponsored licensee, a physical or electronic copy of the fully signed
				employment or independent contractor agreement and any modifications to that
				document.