Illinois Compiled Statutes 225 Professions, Occupations, and Business Operations: Article 25 - Administration Of Licenses

• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-5
  The Department; powers and duties. The Department shall exercise the powers and duties prescribed by the Civil Administrative Code of Illinois for the administration of...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-10
  Real Estate Administration and Disciplinary Board; duties. There is created the Real Estate Administration and Disciplinary Board. The Board shall be composed of 9 persons...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-13
  Rules. The Department, after notifying and considering the recommendations of the Board, if any, shall adopt, promulgate, and issue any rules that may be necessary...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-14
  Reliance on advisory letters. Licensees or their representatives may seek an advisory letter from the Department as to matters arising under this Act or the...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-15
  Real Estate Coordinator; duties. There shall be in the Department a Real Estate Coordinator, appointed by the Secretary, who shall hold a currently valid broker's...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-20
  Staff. The Department shall employ a minimum of one investigator per 10,000 licensees and one prosecutor per 20,000 licensees in order to have sufficient staff...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-21
  Peer review advisors. The Department may contract with licensees meeting qualifications established by the Department to serve as peer review advisors for complaints and alleged...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-25
  Real Estate Research and Education Fund. A special fund to be known as the Real Estate Research and Education Fund is created and shall be...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-30
  Real Estate License Administration Fund; audit. A special fund to be known as the Real Estate License Administration Fund is created in the State Treasury....
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-35
  Real Estate Recovery Fund. A special fund to be known as the Real Estate Recovery Fund is created in the State Treasury. All fines and...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-37
  Real Estate Audit Fund; audit of special accounts; audit of fund. (a) A special fund to be known as the Real Estate Audit Fund is...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 25-40
  Exclusive State powers and functions; municipal powers. It is declared to be the public policy of this State, pursuant to paragraphs (h) and (i)...

Last modified: February 18, 2015