Illinois Compiled Statutes 225 Professions, Occupations, and Business Operations: Article 5 - Licensing And Education

• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-5
  Leasing agent license. (a) The purpose of this Section is to provide for a limited scope license to enable persons who wish to engage in...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-6
  Social Security Number or Tax Identification Number on license application. In addition to any other information required to be contained in the application, every application...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-7
  Application for leasing agent license. Every person who desires to obtain a leasing agent license shall apply to the Department in writing on forms provided...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-10
  Requirements for license as leasing agent. (a) Every applicant for licensure as a leasing agent must meet the following qualifications: (1) be at least 18...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-15
  Necessity of managing broker, broker, salesperson, or leasing agent license or sponsor card; ownership restrictions. (a) It is unlawful for any person, corporation, limited liability...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-20
  Exemptions from broker, salesperson, or leasing agent license requirement. The requirement for holding a license under this Article 5 shall not apply to: (1) Any...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-25
  Good moral character. When an applicant has had his or her license revoked on a prior occasion or when an applicant is found to have...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-26
  Requirements for license as a salesperson. (a) Every applicant for licensure as a salesperson must meet the following qualifications: (1) Be at least 21 years...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-27
  Requirements for licensure as a broker. (a) Every applicant for licensure as a broker must meet the following qualifications: (1) Be at least 21 years...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-28
  Requirements for licensure as a managing broker. (a) Effective May 1, 2012, every applicant for licensure as a managing broker must meet the following qualifications:...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-30
  (Repealed). (Source: P.A. 93-957, eff. 8-19-04. Repealed by P.A. 96-856, eff. 12-31-09.)
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-32
  Real estate auction certification. (a) An auctioneer licensed under the Auction License Act who does not possess a valid and active broker's or managing broker's...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-35
  Examination; managing broker, broker, salesperson, or leasing agent. (a) The Department shall authorize examinations at such times and places as it may designate. The examination...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-40
  Sponsor card; termination indicated by license endorsement; association with new broker. (a) The sponsoring broker shall prepare upon forms provided by the Department and deliver...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-41
  Change of address. A licensee shall notify the Department of the address or addresses, and of every change of address, where the licensee practices as...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-45
  Offices. (a) If a sponsoring broker maintains more than one office within the State, the sponsoring broker shall apply for a branch office license for...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-46
  Transition from salesperson's license to broker's license. (a) No new salesperson licenses shall be issued by the Department after April 30, 2011 and existing salesperson...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-47
  Transition to managing broker's license. (a) A new license for managing brokers is created effective May 1, 2011. The following transition rules shall apply for...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 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...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-55
  (Repealed). (Source: P.A. 91-245, eff. 12-31-99. Repealed by P.A. 96-856, eff. 12-31-09.)
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-60
  Managing broker licensed in another state; broker licensed in another state; salesperson licensed in another state; reciprocal agreements; agent for service of process. (a) Effective...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-65
  Fees. The Department shall provide by rule for fees to be paid by applicants and licensees to cover the reasonable costs of the Department in...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-70
  Continuing education requirement; managing broker, broker, or salesperson. (a) The requirements of this Section apply to all managing brokers, brokers, and salespersons. (b) Except as...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-75
  Out-of-state continuing education credit. If a renewal applicant has earned continuing education hours in another state or territory for which he or she is...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-80
  Evidence of compliance with continuing education requirements. (a) Each renewal applicant shall certify, on his or her renewal application, full compliance with continuing education requirements...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 5-85
  Offerings not meeting continuing education requirements. The following offerings do not meet the continuing education requirements: (1) Examination preparation offerings, except as provided in Section...

Last modified: February 18, 2015