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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5176
Introduced 02/05/04, by Angelo Saviano SYNOPSIS AS INTRODUCED:
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Amends the Real Estate License Act of 2000. Requires that applicants for a broker license who show evidence of receiving a baccalaureate degree including courses
involving real
estate or related material from a college or university approved by the
Real Estate Education Advisory Council must give satisfactory evidence that they have completed either (i) at least 120 classroom hours, 45 of which shall be those hours required to obtain a salesperson's
license plus 15 hours in
brokerage administration courses in real estate courses approved by the
Advisory Council or (ii)
for applicants who currently hold a valid real estate salesperson's license,
at least 75 hours in real estate courses, not including the
courses that are
required to obtain a salesperson's license.
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A BILL FOR
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HB5176 |
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LRB093 18447 AMC 44158 b |
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| AN ACT concerning professional regulation.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Real Estate License Act of 2000 is amended |
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| by changing Section 5-30 as follows:
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| (225 ILCS 454/5-30)
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| (Section scheduled to be repealed on January 1, 2010)
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| Sec. 5-30. Education requirements to obtain an original |
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| broker or
salesperson
license.
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| (a) All applicants for a broker's license, except |
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| applicants who are currently admitted to practice law by the |
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| Supreme Court of
Illinois
and are
currently in active standing,
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| meet the
criteria set forth in
subsection (c) of this Section
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| shall (i) give satisfactory evidence of having
completed at
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| least 120 classroom
hours, 45 of which shall be those hours |
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| required to obtain a salesperson's
license plus 15 hours in
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| brokerage administration courses, in real estate courses |
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| approved by the
Advisory Council or (ii)
for applicants who |
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| currently hold a valid real estate salesperson's license,
give |
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| satisfactory evidence
of having completed at least 75 hours in |
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| real estate courses, not including the
courses that are
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| required to obtain a salesperson's license, approved by the |
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| Advisory Council.
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| (b) All applicants for a salesperson's license, except |
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| applicants who meet
the criteria set forth in
subsection (c) of |
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| this Section shall give satisfactory evidence that they have
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| completed at least 45 hours of
instruction in real estate |
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| courses approved by the Advisory Council.
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| (c) The requirements specified in subsection
subsections |
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| (a) and (b) of this Section do
not apply to applicants who:
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| (1) are currently admitted to practice law by the |
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| Supreme Court of
Illinois
and are
currently in active |