Illinois General Assembly - Bill Status for HB4452

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

Date	Chamber	Action
1/31/2020	House	Filed with the Clerk by Rep. Marcus C. Evans, Jr.
2/3/2020	House	First Reading
2/3/2020	House	Referred to Rules Committee
2/18/2020	House	Assigned to Labor & Commerce Committee
3/4/2020	House	Do Pass / Short Debate Labor & Commerce Committee; 028-000-001
3/5/2020	House	Placed on Calendar 2nd Reading - Short Debate
6/23/2020	House	Rule 19(b) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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