BURZYNSKI-MOLARO-MADIGAN,R-LUECHTEFELD-DELEO. New Act 5 ILCS 80/4.10 from Ch. 127, par. 1904.10 5 ILCS 80/4.19 new 20 ILCS 2105/60 from Ch. 127, par. 60 205 ILCS 635/1-4 from Ch. 17, par. 2321-4 215 ILCS 155/3 from Ch. 73, par. 1403 605 ILCS 5/5-907 from Ch. 121, par. 5-907 765 ILCS 100/19 from Ch. 30, par. 719 765 ILCS 100/33 from Ch. 30, par. 733 765 ILCS 100/34 from Ch. 30, par. 734 770 ILCS 15/5 from Ch. 82, par. 655 815 ILCS 307/10-80 815 ILCS 413/10 225 ILCS 455/Act rep. Repeals the Real Estate License Act of 1983 and creates the Real Estate License Act of 1999 to supersede the Real Estate License Act of 1983. Regulates through licensing requirements real estate brokers, salespersons, leasing agents, pre-license schools, pre-license instructors, continuing education schools, and continuing education instructors. Amends the Regulatory Agency Sunset Act to repeal the new Act on January 1, 2009. Makes other changes. Effective July 1, 1999. SENATE AMENDMENT NO. 1. Removes references concerning auctions. Provides that it is unlawful for a registered limited liability partnership to act as a real estate broker, real estate salesperson, or leasing agent or to advertise or assume to act as such a person without a properly issued sponsor card or a license. Provides that no limited liability company shall be granted a license or engage in the business or serve in the capacity of a real estate broker unless every manager (instead of managing member) holds a license and unless every member and employee (instead of just every employee) who acts as a salesperson or leasing agent holds a license. In provisions concerning guaranteed sales plans, replaces certain references to "broker" with references to "licensee". Makes other changes. 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-03 S ASSIGNED TO COMMITTEE LICENSED ACT. 98-03-11 S DO PASS 009-000-000 SLIC 98-03-11 S PLACED ON CALENDAR ORDER OF 2ND READING 98-03-12 98-03-24 S FILED WITH SECRETARY 98-03-24 S AMENDMENT NO. 01-LUECHTEFELD 98-03-24 S -SIEBEN 98-03-24 S AMENDMENT REFERRED TO SRUL 98-03-24 S AMENDMENT NO. 01-LUECHTEFELD 98-03-24 S -SIEBEN 98-03-24 S RULES REFERS TO SLIC 98-03-25 S AMENDMENT NO. 01-LUECHTEFELD 98-03-25 S -SIEBEN 98-03-25 S BE APPROVED FOR CONSIDERATION SLIC/006-000-000 98-03-25 S SECOND READING 98-03-25 S AMENDMENT NO. 01-LUECHTEFELD 98-03-25 S -SIEBEN 98-03-25 S ADOPTED 98-03-25 S PLACED ON CALENDAR ORDER OF 3RD READING 98-03-26 98-05-06 S RE-REFERRED TO COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary