Bill Status of HB 3333   99th General Assembly

Short Description:  BROKER MARKET ANALYSIS

House Sponsors
Rep. Robert Rita-Daniel V. Beiser

Senate Sponsors
(Sen. William R. Haine-Pamela J. Althoff-Don Harmon)


Last Action  View All Actions

DateChamber Action
  11/17/2016HouseTotal Veto Stands - No Positive Action Taken

Statutes Amended In Order of Appearance
225 ILCS 454/10-45

Synopsis As Introduced
Amends the Real Estate License Act of 2000. In provisions regarding a statement that must be contained in a broker price opinion or comparative market analysis, provides that the broker price opinion or comparative market analysis was prepared by a licensed real estate broker or managing broker who was not acting as a State certified real estate appraiser (rather than a licensed real estate broker or managing broker, not by a State certified real estate appraiser). Effective immediately.

Senate Committee Amendment No. 1
Adds reference to:
30 ILCS 105/5.866 new
225 ILCS 454/10.45
225 ILCS 459/55
225 ILCS 459/56 new
225 ILCS 459/57 new
225 ILCS 459/65
225 ILCS 459/50 rep.

Replaces everything after the enacting clause with the engrossed bill with the following changes: Amends the State Finance Act. Creates the Appraisal Management Company Recovery Fund as a special fund in the State treasury. Amends the Appraisal Management Company Registration Act. Provides that the Secretary of Financial and Professional Regulation, upon recommendation of the Real Estate Appraisal Administration and Disciplinary Board, may charge a fee not to exceed $500 to be paid at the time of submission of an original or renewal application to register as an appraisal management company. Provides that the fee shall be deposited in the Appraisal Management Company Recovery Fund. Provides that the Fund shall be used to provide restitution to each State-certified general real estate or residential real estate appraiser who has suffered pecuniary loss, and to award to the Department of Financial and Professional Regulation expenses, fines, or fees that have gone unpaid to the Department in certain circumstances. Establishes when payouts from the Fund may be made. Repeals provisions concerning bonds of registrants and makes conforming changes.

Actions 
DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. Robert Rita
  2/26/2015HouseFirst Reading
  2/26/2015HouseReferred to Rules Committee
  3/10/2015HouseAssigned to Business & Occupational Licenses Committee
  3/19/2015HouseTo Business Licenses Subcommittee
  3/25/2015HouseRecommends Do Pass Subcommittee/ Business & Occupational Licenses Committee; 003-000-000
  3/25/2015HouseRemains in Business & Occupational Licenses Committee
  3/25/2015HouseDo Pass / Short Debate Business & Occupational Licenses Committee; 010-000-000
  3/26/2015HousePlaced on Calendar 2nd Reading - Short Debate
  4/17/2015HouseSecond Reading - Short Debate
  4/17/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/17/2015HouseAdded Chief Co-Sponsor Rep. Jeanne M Ives
  4/17/2015HouseAdded Chief Co-Sponsor Rep. Daniel V. Beiser
  4/21/2015HouseThird Reading - Short Debate - Passed 112-000-000
  4/22/2015SenateArrive in Senate
  4/22/2015SenatePlaced on Calendar Order of First Reading
  4/22/2015SenateChief Senate Sponsor Sen. William R. Haine
  4/22/2015SenateFirst Reading
  4/22/2015SenateReferred to Assignments
  4/29/2015SenateAssigned to Financial Institutions
  5/6/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  5/6/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/7/2015SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
  5/12/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  5/13/2015SenateSenate Committee Amendment No. 1 Adopted
  5/13/2015SenateDo Pass as Amended Financial Institutions; 011-000-000
  5/13/2015SenatePlaced on Calendar Order of 2nd Reading May 14, 2015
  5/13/2015SenateAdded as Alternate Chief Co-Sponsor Sen. Don Harmon
  5/18/2015SenateSecond Reading
  5/18/2015SenatePlaced on Calendar Order of 3rd Reading May 19, 2015
  5/22/2015SenateRule 2-10 Third Reading Deadline Established As May 31, 2015
  5/30/2015SenateThird Reading - Passed; 057-000-000
  5/30/2015HouseArrived in House
  5/30/2015HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/30/2015HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Robert Rita
  5/30/2015HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/31/2015HouseRule 19(a) / Re-referred to Rules Committee
  9/18/2015HouseApproved for Consideration Rules Committee; 003-001-000
  9/18/2015HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  9/18/2015HouseFinal Action Deadline Extended-9(b) September 30, 2015
  9/18/2015HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Business & Occupational Licenses Committee
  9/24/2015HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Business & Occupational Licenses Committee; 008-000-000
  9/30/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/28/2016HouseApproved for Consideration Rules Committee; 005-000-000
  3/28/2016HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/31/2016HouseSenate Committee Amendment No. 1 House Concurs 070-043-000
  5/31/2016HouseHouse Concurs
  5/31/2016HousePassed Both Houses
  6/27/2016HouseSent to the Governor
  8/12/2016HouseGovernor Vetoed
  11/2/2016HousePlaced on Calendar Total Veto
  11/2/2016HouseRemove Chief Co-Sponsor Rep. Jeanne M Ives
  11/17/2016HouseTotal Veto Stands - No Positive Action Taken

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