Bill Status of HB 4452   101st General Assembly

Short Description:  REAL ESTATE LICENSE ACT

House Sponsors
Rep. Marcus C. Evans, Jr.

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.557
225 ILCS 454/1-10
225 ILCS 454/5-10
225 ILCS 454/5-50
225 ILCS 454/5-70
225 ILCS 454/15-35
225 ILCS 454/15-45
225 ILCS 454/20-20
225 ILCS 454/20-20.1
225 ILCS 454/20-110
225 ILCS 454/25-10
225 ILCS 454/25-38 new
225 ILCS 454/30-15
225 ILCS 454/30-25
225 ILCS 454/25-21 rep.
225 ILCS 456/Act rep.

Synopsis As Introduced
Amends the Real Estate License Act of 2000. Makes changes in provisions concerning definitions; the expiration and renewal of a managing broker, broker, or residential leasing agent license; continuing education requirements; sponsoring brokers; agency relationship disclosure; dual agency; grounds for discipline; citations; licensing of education providers; approval of courses; and the Real Estate Administration and Disciplinary Board. Provides that on January 1, 2021, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the remaining balance from the Real Estate Audit Fund into the Real Estate License Administration Fund. Amends the State Finance Act to repeal provisions creating the Real Estate Audit Fund as a special fund in the State Treasury. Repeals the Real Estate Regulation Transfer Act. Effective immediately.

Actions 
DateChamber Action
  1/31/2020HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  2/3/2020HouseFirst Reading
  2/3/2020HouseReferred to Rules Committee
  2/18/2020HouseAssigned to Labor & Commerce Committee
  3/4/2020HouseDo Pass / Short Debate Labor & Commerce Committee; 028-000-001
  3/5/2020HousePlaced on Calendar 2nd Reading - Short Debate
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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