93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4571

 

Introduced 02/04/04, by Angelo Saviano

 

SYNOPSIS AS INTRODUCED:
 
225 ILCS 454/5-20

    Amends the Real Estate License Act of 2000. For the purpose of an exemption to the licensure requirements of the Act, defines "regular employee".


LRB093 19972 AMC 45716 b

 

 

A BILL FOR

 

HB4571 LRB093 19972 AMC 45716 b

1     AN ACT concerning professional regulation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Real Estate License Act of 2000 is amended
5 by changing Section 5-20 as follows:
 
6     (225 ILCS 454/5-20)
7     (Section scheduled to be repealed on January 1, 2010)
8     Sec. 5-20. Exemptions from broker, salesperson, or leasing
9 agent license requirement. The requirement for holding a
10 license under this Article 5 shall not apply to:
11     (1) Any person, partnership, or corporation that as owner
12 or lessor performs any of the acts described in the definition
13 of "broker" under Section 1-10 of this Act with reference to
14 property owned or leased by it, or to the regular employees
15 thereof with respect to the property so owned or leased, where
16 such acts are performed in the regular course of or as an
17 incident to the management, sale, or other disposition of such
18 property and the investment therein, provided that such regular
19 employees do not perform any of the acts described in the
20 definition of "broker" under Section 1-10 of this Act in
21 connection with a vocation of selling or leasing any real
22 estate or the improvements thereon not so owned or leased.
23     For the purposes of this paragraph (1), "regular employee"
24 means a person who works an average of 35 hours per week for
25 his or her employer, receives compensation or remuneration from
26 that employer on an hourly or salary basis, and receives no
27 more than 10% of their total compensation or remuneration from
28 that employer on a commission or bonus basis.
29     (2) An attorney in fact acting under a duly executed and
30 recorded power of attorney to convey real estate from the owner
31 or lessor or the services rendered by an attorney at law in the
32 performance of the attorney's duty as an attorney at law.

 

 

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1     (3) Any person acting as receiver, trustee in bankruptcy,
2 administrator, executor, or guardian or while acting under a
3 court order or under the authority of a will or testamentary
4 trust.
5     (4) Any person acting as a resident manager for the owner
6 or any employee acting as the resident manager for a broker
7 managing an apartment building, duplex, or apartment complex,
8 when the resident manager resides on the premises, the premises
9 is his or her primary residence, and the resident manager is
10 engaged in the leasing of the property of which he or she is
11 the resident manager.
12     (5) Any officer or employee of a federal agency in the
13 conduct of official duties.
14     (6) Any officer or employee of the State government or any
15 political subdivision thereof performing official duties.
16     (7) Any multiple listing service or other information
17 exchange that is engaged in the collection and dissemination of
18 information concerning real estate available for sale,
19 purchase, lease, or exchange along with which no other licensed
20 activities are provided.
21     (8) Railroads and other public utilities regulated by the
22 State of Illinois, or the officers or full time employees
23 thereof, unless the performance of any licensed activities is
24 in connection with the sale, purchase, lease, or other
25 disposition of real estate or investment therein not needing
26 the approval of the appropriate State regulatory authority.
27     (9) Any medium of advertising in the routine course of
28 selling or publishing advertising along with which no other
29 licensed activities are provided.
30     (10) Any resident lessee of a residential dwelling unit who
31 refers for compensation to the owner of the dwelling unit, or
32 to the owner's agent, prospective lessees of dwelling units in
33 the same building or complex as the resident lessee's unit, but
34 only if the resident lessee (i) refers no more than 3
35 prospective lessees in any 12-month period, (ii) receives
36 compensation of no more than $1,000 or the equivalent of one

 

 

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1 month's rent, whichever is less, in any 12-month period, and
2 (iii) limits his or her activities to referring prospective
3 lessees to the owner, or the owner's agent, and does not show a
4 residential dwelling unit to a prospective lessee, discuss
5 terms or conditions of leasing a dwelling unit with a
6 prospective lessee, or otherwise participate in the
7 negotiation of the leasing of a dwelling unit.
8     (11) An exchange company registered under the Real Estate
9 Timeshare Act of 1999 and the regular employees of that
10 registered exchange company but only when conducting an
11 exchange program as defined in that Act.
12     (12) An existing timeshare owner who, for compensation,
13 refers prospective purchasers, but only if the existing
14 timeshare owner (i) refers no more than 20 prospective
15 purchasers in any calendar year, (ii) receives no more than
16 $1,000, or its equivalent, for referrals in any calendar year
17 and (iii) limits his or her activities to referring prospective
18 purchasers of timeshare interests to the developer or the
19 developer's employees or agents, and does not show, discuss
20 terms or conditions of purchase or otherwise participate in
21 negotiations with regard to timeshare interests.
22     (13) Any person who is licensed without examination under
23 Section 10-25 of the Auction License Act is exempt from holding
24 a broker's or salesperson's license under this Act for the
25 limited purpose of selling or leasing real estate at auction,
26 so long as:
27             (A) that person has made application for said
28         exemption by July 1, 2000;
29             (B) that person verifies to OBRE that he or she has
30         sold real estate at auction for a period of 5 years
31         prior to licensure as an auctioneer;
32             (C) the person has had no lapse in his or her
33         license as an auctioneer; and
34             (D) the license issued under the Auction License
35         Act has not been disciplined for violation of those
36         provisions of Article 20 of the Auction License Act

 

 

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1         dealing with or related to the sale or lease of real
2         estate at auction.
3     (14) A hotel operator who is registered with the Illinois
4 Department of Revenue and pays taxes under the Hotel Operators'
5 Occupation Tax Act and rents a room or rooms in a hotel as
6 defined in the Hotel Operators' Occupation Tax Act for a period
7 of not more than 30 consecutive days and not more than 60 days
8 in a calendar year.
9 (Source: P.A. 91-245, eff. 12-31-99; 91-585, eff. 1-1-00;
10 91-603, eff. 1-1-00; 92-16, eff. 6-28-01; 92-217, eff. 8-2-01.)