Bill Status of SB 3044   98th General Assembly

Short Description:  REAL ESTATE-BROKER COURSES

Senate Sponsors
Sen. William R. Haine

House Sponsors
(Rep. Robert Rita)


Last Action  View All Actions

DateChamber Action
  8/26/2014SenatePublic Act . . . . . . . . . 98-1109

Statutes Amended In Order of Appearance
225 ILCS 454/5-27

Synopsis As Introduced
Amends the Real Estate License Act of 2000. Makes a change to the licensure requirements for brokers. Removes a provision requiring that the 15 hours of situational and case study courses provide for instruction and real time discussion between the instructor and the students.

House Floor Amendment No. 1
Adds reference to:
225 ILCS 454/1-10
225 ILCS 454/10-45 new
225 ILCS 454/25-10
225 ILCS 458/1-5
225 ILCS 458/1-10
225 ILCS 458/5-5
225 ILCS 458/5-10
225 ILCS 458/5-15
225 ILCS 458/5-20
225 ILCS 458/5-22 new
225 ILCS 458/5-30
225 ILCS 458/5-35
225 ILCS 458/5-40
225 ILCS 458/5-50
225 ILCS 458/10-5
225 ILCS 458/15-10
225 ILCS 458/20-5
225 ILCS 458/20-10
225 ILCS 458/25-10
225 ILCS 458/25-15

Replaces everything after the enacting clause. Amends the Real Estate License Act of 2000. Defines "broker price opinion" and "comparative market analysis" and makes changes to the definition of "broker". Adds certain requirements a real estate broker or managing broker must meet when preparing or providing a broker price opinion. Removes provisions that prohibit a member of the Real Estate Administration and Disciplinary Board from serving more than 12 years. Amends the Real Estate Appraiser Licensing Act of 2002. Defines "broker price opinion" and "comparative market analysis". Makes changes to the definitions of "appraisal report" and "federal financial institutions regulatory agencies" and removes the definition of "modular course". Provides that the Act does not apply to a person who holds a valid license as a real estate broker or managing broker under the Real Estate License Act of 2000 who prepares or provides a broker price opinion or comparative market analysis. Makes changes to provisions regarding applications for State certified general real estate appraisers and adds the requirement that every applicant for licensure have his or her fingerprints submitted to the Department of State Police for the purposes of a criminal history records check. Makes changes to provisions regarding the Real Estate Appraisal Administration and Disciplinary Board.

Actions 
DateChamber Action
  2/7/2014SenateFiled with Secretary by Sen. William R. Haine
  2/7/2014SenateFirst Reading
  2/7/2014SenateReferred to Assignments
  2/19/2014SenateAssigned to Licensed Activities and Pensions
  3/21/2014SenateDo Pass Licensed Activities and Pensions; 009-000-000
  3/21/2014SenatePlaced on Calendar Order of 2nd Reading March 25, 2014
  4/3/2014SenateSecond Reading
  4/3/2014SenatePlaced on Calendar Order of 3rd Reading April 7, 2014
  4/7/2014SenateThird Reading - Passed; 047-000-000
  4/7/2014HouseArrived in House
  4/8/2014HouseChief House Sponsor Rep. Robert Rita
  4/8/2014HouseFirst Reading
  4/8/2014HouseReferred to Rules Committee
  4/28/2014HouseAssigned to Business & Occupational Licenses Committee
  5/13/2014HouseDo Pass / Short Debate Business & Occupational Licenses Committee; 011-000-000
  5/14/2014HousePlaced on Calendar 2nd Reading - Short Debate
  5/22/2014HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Robert Rita
  5/22/2014HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  5/22/2014HouseSecond Reading - Short Debate
  5/22/2014HouseHeld on Calendar Order of Second Reading - Short Debate
  5/23/2014HouseFinal Action Deadline Extended-9(b) May 30, 2014
  5/29/2014HouseHouse Floor Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
  5/30/2014HouseHouse Floor Amendment No. 1 Recommends Be Adopted Business & Occupational Licenses Committee; 012-000-000
  5/30/2014HouseHouse Floor Amendment No. 1 Adopted
  5/30/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/30/2014HouseThird Reading - Short Debate - Passed 109-000-000
  5/30/2014SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/30/2014SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2014
  5/30/2014SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine
  5/30/2014SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  5/30/2014SenateHouse Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
  5/30/2014SenateHouse Floor Amendment No. 1 Senate Concurs 056-000-000
  5/30/2014SenatePassed Both Houses
  6/27/2014SenateSent to the Governor
  8/26/2014SenateGovernor Approved
  8/26/2014SenateEffective Date January 1, 2015
  8/26/2014SenatePublic Act . . . . . . . . . 98-1109

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