Public Act 098-1109
 
SB3044 EnrolledLRB098 17651 ZMM 52764 b

    AN ACT concerning regulation.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Real Estate License Act of 2000 is amended
by changing Sections 1-10, 5-27, and 25-10 and by adding
Section 10-45 as follows:
 
    (225 ILCS 454/1-10)
    (Section scheduled to be repealed on January 1, 2020)
    Sec. 1-10. Definitions. In this Act, unless the context
otherwise requires:
    "Act" means the Real Estate License Act of 2000.
    "Address of Record" means the designated address recorded
by the Department in the applicant's or licensee's application
file or license file as maintained by the Department's
licensure maintenance unit. It is the duty of the applicant or
licensee to inform the Department of any change of address, and
those changes must be made either through the Department's
website or by contacting the Department.
    "Advisory Council" means the Real Estate Education
Advisory Council created under Section 30-10 of this Act.
    "Agency" means a relationship in which a real estate broker
or licensee, whether directly or through an affiliated
licensee, represents a consumer by the consumer's consent,
whether express or implied, in a real property transaction.
    "Applicant" means any person, as defined in this Section,
who applies to the Department for a valid license as a real
estate broker, real estate salesperson, or leasing agent.
    "Blind advertisement" means any real estate advertisement
that does not include the sponsoring broker's business name and
that is used by any licensee regarding the sale or lease of
real estate, including his or her own, licensed activities, or
the hiring of any licensee under this Act. The broker's
business name in the case of a franchise shall include the
franchise affiliation as well as the name of the individual
firm.
    "Board" means the Real Estate Administration and
Disciplinary Board of the Department as created by Section
25-10 of this Act.
    "Branch office" means a sponsoring broker's office other
than the sponsoring broker's principal office.
    "Broker" means an individual, partnership, limited
liability company, corporation, or registered limited
liability partnership other than a real estate salesperson or
leasing agent who, whether in person or through any media or
technology, for another and for compensation, or with the
intention or expectation of receiving compensation, either
directly or indirectly:
        (1) Sells, exchanges, purchases, rents, or leases real
    estate.
        (2) Offers to sell, exchange, purchase, rent, or lease
    real estate.
        (3) Negotiates, offers, attempts, or agrees to
    negotiate the sale, exchange, purchase, rental, or leasing
    of real estate.
        (4) Lists, offers, attempts, or agrees to list real
    estate for sale, lease, or exchange.
        (5) Buys, sells, offers to buy or sell, or otherwise
    deals in options on real estate or improvements thereon.
        (6) Supervises the collection, offer, attempt, or
    agreement to collect rent for the use of real estate.
        (7) Advertises or represents himself or herself as
    being engaged in the business of buying, selling,
    exchanging, renting, or leasing real estate.
        (8) Assists or directs in procuring or referring of
    leads or prospects, intended to result in the sale,
    exchange, lease, or rental of real estate.
        (9) Assists or directs in the negotiation of any
    transaction intended to result in the sale, exchange,
    lease, or rental of real estate.
        (10) Opens real estate to the public for marketing
    purposes.
        (11) Sells, leases, or offers for sale or lease real
    estate at auction.
        (12) Prepares or provides a broker price opinion or
    comparative market analysis as those terms are defined in
    this Act, pursuant to the provisions of Section 10-45 of
    this Act.
    "Brokerage agreement" means a written or oral agreement
between a sponsoring broker and a consumer for licensed
activities to be provided to a consumer in return for
compensation or the right to receive compensation from another.
Brokerage agreements may constitute either a bilateral or a
unilateral agreement between the broker and the broker's client
depending upon the content of the brokerage agreement. All
exclusive brokerage agreements shall be in writing.
    "Broker price opinion" means an estimate or analysis of the
probable selling price of a particular interest in real estate,
which may provide a varying level of detail about the
property's condition, market, and neighborhood and information
on comparable sales. The activities of a real estate broker or
managing broker engaging in the ordinary course of business as
a broker, as defined in this Section, shall not be considered a
broker price opinion if no compensation is paid to the broker
or managing broker, other than compensation based upon the sale
or rental of real estate.
    "Client" means a person who is being represented by a
licensee.
    "Comparative market analysis" is an analysis or opinion
regarding pricing, marketing, or financial aspects relating to
a specified interest or interests in real estate that may be
based upon an analysis of comparative market data, the
expertise of the real estate broker or managing broker, and
such other factors as the broker or managing broker may deem
appropriate in developing or preparing such analysis or
opinion. The activities of a real estate broker or managing
broker engaging in the ordinary course of business as a broker,
as defined in this Section, shall not be considered a
comparative market analysis if no compensation is paid to the
broker or managing broker, other than compensation based upon
the sale or rental of real estate.
    "Compensation" means the valuable consideration given by
one person or entity to another person or entity in exchange
for the performance of some activity or service. Compensation
shall include the transfer of valuable consideration,
including without limitation the following:
        (1) commissions;
        (2) referral fees;
        (3) bonuses;
        (4) prizes;
        (5) merchandise;
        (6) finder fees;
        (7) performance of services;
        (8) coupons or gift certificates;
        (9) discounts;
        (10) rebates;
        (11) a chance to win a raffle, drawing, lottery, or
    similar game of chance not prohibited by any other law or
    statute;
        (12) retainer fee; or
        (13) salary.
    "Confidential information" means information obtained by a
licensee from a client during the term of a brokerage agreement
that (i) was made confidential by the written request or
written instruction of the client, (ii) deals with the
negotiating position of the client, or (iii) is information the
disclosure of which could materially harm the negotiating
position of the client, unless at any time:
        (1) the client permits the disclosure of information
    given by that client by word or conduct;
        (2) the disclosure is required by law; or
        (3) the information becomes public from a source other
    than the licensee.
    "Confidential information" shall not be considered to
include material information about the physical condition of
the property.
    "Consumer" means a person or entity seeking or receiving
licensed activities.
    "Continuing education school" means any person licensed by
the Department as a school for continuing education in
accordance with Section 30-15 of this Act.
    "Coordinator" means the Coordinator of Real Estate created
in Section 25-15 of this Act.
    "Credit hour" means 50 minutes of classroom instruction in
course work that meets the requirements set forth in rules
adopted by the Department.
    "Customer" means a consumer who is not being represented by
the licensee but for whom the licensee is performing
ministerial acts.
    "Department" means the Department of Financial and
Professional Regulation.
    "Designated agency" means a contractual relationship
between a sponsoring broker and a client under Section 15-50 of
this Act in which one or more licensees associated with or
employed by the broker are designated as agent of the client.
    "Designated agent" means a sponsored licensee named by a
sponsoring broker as the legal agent of a client, as provided
for in Section 15-50 of this Act.
    "Dual agency" means an agency relationship in which a
licensee is representing both buyer and seller or both landlord
and tenant in the same transaction. When the agency
relationship is a designated agency, the question of whether
there is a dual agency shall be determined by the agency
relationships of the designated agent of the parties and not of
the sponsoring broker.
    "Employee" or other derivative of the word "employee", when
used to refer to, describe, or delineate the relationship
between a real estate broker and a real estate salesperson,
another real estate broker, or a leasing agent, shall be
construed to include an independent contractor relationship,
provided that a written agreement exists that clearly
establishes and states the relationship. All responsibilities
of a broker shall remain.
    "Escrow moneys" means all moneys, promissory notes or any
other type or manner of legal tender or financial consideration
deposited with any person for the benefit of the parties to the
transaction. A transaction exists once an agreement has been
reached and an accepted real estate contract signed or lease
agreed to by the parties. Escrow moneys includes without
limitation earnest moneys and security deposits, except those
security deposits in which the person holding the security
deposit is also the sole owner of the property being leased and
for which the security deposit is being held.
    "Electronic means of proctoring" means a methodology
providing assurance that the person taking a test and
completing the answers to questions is the person seeking
licensure or credit for continuing education and is doing so
without the aid of a third party or other device.
    "Exclusive brokerage agreement" means a written brokerage
agreement that provides that the sponsoring broker has the sole
right, through one or more sponsored licensees, to act as the
exclusive designated agent or representative of the client and
that meets the requirements of Section 15-75 of this Act.
    "Inoperative" means a status of licensure where the
licensee holds a current license under this Act, but the
licensee is prohibited from engaging in licensed activities
because the licensee is unsponsored or the license of the
sponsoring broker with whom the licensee is associated or by
whom he or she is employed is currently expired, revoked,
suspended, or otherwise rendered invalid under this Act.
    "Interactive delivery method" means delivery of a course by
an instructor through a medium allowing for 2-way communication
between the instructor and a student in which either can
initiate or respond to questions.
    "Leads" means the name or names of a potential buyer,
seller, lessor, lessee, or client of a licensee.
    "Leasing Agent" means a person who is employed by a real
estate broker to engage in licensed activities limited to
leasing residential real estate who has obtained a license as
provided for in Section 5-5 of this Act.
    "License" means the document issued by the Department
certifying that the person named thereon has fulfilled all
requirements prerequisite to licensure under this Act.
    "Licensed activities" means those activities listed in the
definition of "broker" under this Section.
    "Licensee" means any person, as defined in this Section,
who holds a valid unexpired license as a real estate broker,
real estate salesperson, or leasing agent.
    "Listing presentation" means a communication between a
real estate broker or salesperson and a consumer in which the
licensee is attempting to secure a brokerage agreement with the
consumer to market the consumer's real estate for sale or
lease.
    "Managing broker" means a broker who has supervisory
responsibilities for licensees in one or, in the case of a
multi-office company, more than one office and who has been
appointed as such by the sponsoring broker.
    "Medium of advertising" means any method of communication
intended to influence the general public to use or purchase a
particular good or service or real estate.
    "Ministerial acts" means those acts that a licensee may
perform for a consumer that are informative or clerical in
nature and do not rise to the level of active representation on
behalf of a consumer. Examples of these acts include without
limitation (i) responding to phone inquiries by consumers as to
the availability and pricing of brokerage services, (ii)
responding to phone inquiries from a consumer concerning the
price or location of property, (iii) attending an open house
and responding to questions about the property from a consumer,
(iv) setting an appointment to view property, (v) responding to
questions of consumers walking into a licensee's office
concerning brokerage services offered or particular
properties, (vi) accompanying an appraiser, inspector,
contractor, or similar third party on a visit to a property,
(vii) describing a property or the property's condition in
response to a consumer's inquiry, (viii) completing business or
factual information for a consumer on an offer or contract to
purchase on behalf of a client, (ix) showing a client through a
property being sold by an owner on his or her own behalf, or
(x) referral to another broker or service provider.
    "Office" means a real estate broker's place of business
where the general public is invited to transact business and
where records may be maintained and licenses displayed, whether
or not it is the broker's principal place of business.
    "Person" means and includes individuals, entities,
corporations, limited liability companies, registered limited
liability partnerships, and partnerships, foreign or domestic,
except that when the context otherwise requires, the term may
refer to a single individual or other described entity.
    "Personal assistant" means a licensed or unlicensed person
who has been hired for the purpose of aiding or assisting a
sponsored licensee in the performance of the sponsored
licensee's job.
    "Pocket card" means the card issued by the Department to
signify that the person named on the card is currently licensed
under this Act.
    "Pre-license school" means a school licensed by the
Department offering courses in subjects related to real estate
transactions, including the subjects upon which an applicant is
examined in determining fitness to receive a license.
    "Pre-renewal period" means the period between the date of
issue of a currently valid license and the license's expiration
date.
    "Proctor" means any person, including, but not limited to,
an instructor, who has a written agreement to administer
examinations fairly and impartially with a licensed
pre-license school or a licensed continuing education school.
    "Real estate" means and includes leaseholds as well as any
other interest or estate in land, whether corporeal,
incorporeal, freehold, or non-freehold, including timeshare
interests, and whether the real estate is situated in this
State or elsewhere.
    "Regular employee" means a person working an average of 20
hours per week for a person or entity who would be considered
as an employee under the Internal Revenue Service eleven main
tests in three categories being behavioral control, financial
control and the type of relationship of the parties, formerly
the twenty factor test.
    "Salesperson" means any individual, other than a real
estate broker or leasing agent, who is employed by a real
estate broker or is associated by written agreement with a real
estate broker as an independent contractor and participates in
any activity described in the definition of "broker" under this
Section.
    "Secretary" means the Secretary of the Department of
Financial and Professional Regulation, or a person authorized
by the Secretary to act in the Secretary's stead.
    "Sponsoring broker" means the broker who has issued a
sponsor card to a licensed salesperson, another licensed
broker, or a leasing agent.
    "Sponsor card" means the temporary permit issued by the
sponsoring real estate broker certifying that the real estate
broker, real estate salesperson, or leasing agent named thereon
is employed by or associated by written agreement with the
sponsoring real estate broker, as provided for in Section 5-40
of this Act.
(Source: P.A. 98-531, eff. 8-23-13.)
 
    (225 ILCS 454/5-27)
    (Section scheduled to be repealed on January 1, 2020)
    Sec. 5-27. Requirements for licensure as a broker.
    (a) Every applicant for licensure as a broker must meet the
following qualifications:
        (1) Be at least 21 years of age. After April 30, 2011,
    the minimum age of 21 years shall be waived for any person
    seeking a license as a broker who has attained the age of
    18 and can provide evidence of the successful completion of
    at least 4 semesters of post-secondary school study as a
    full-time student or the equivalent, with major emphasis on
    real estate courses, in a school approved by the
    Department;
        (2) Be of good moral character;
        (3) Successfully complete a 4-year course of study in a
    high school or secondary school approved by the Illinois
    State Board of Education or an equivalent course of study
    as determined by an examination conducted by the Illinois
    State Board of Education which shall be verified under oath
    by the applicant;
        (4) Prior to May 1, 2011, provide (i) satisfactory
    evidence of having completed at least 120 classroom hours,
    45 of which shall be those hours required to obtain a
    salesperson's license plus 15 hours in brokerage
    administration courses, in real estate courses approved by
    the Advisory Council or (ii) for applicants who currently
    hold a valid real estate salesperson's license, give
    satisfactory evidence of having completed at least 75 hours
    in real estate courses, not including the courses that are
    required to obtain a salesperson's license, approved by the
    Advisory Council;
        (5) After April 30, 2011, provide satisfactory
    evidence of having completed 90 hours of instruction in
    real estate courses approved by the Advisory Council, 15
    hours of which must consist of situational and case studies
    presented in the classroom or by other interactive delivery
    method presenting instruction and real time discussion
    between the instructor and the students;
        (6) Personally take and pass a written examination
    authorized by the Department;
        (7) Present a valid application for issuance of a
    license accompanied by a sponsor card and the fees
    specified by rule.
    (b) The requirements specified in items (4) and (5) of
subsection (a) of this Section do not apply to applicants who
are currently admitted to practice law by the Supreme Court of
Illinois and are currently in active standing.
    (c) No applicant shall engage in any of the activities
covered by this Act until a valid sponsor card has been issued
to such applicant. The sponsor card shall be valid for a
maximum period of 45 days after the date of issuance unless
extended for good cause as provided by rule.
    (d) All licenses should be readily available to the public
at their place of business.
    (e) An individual holding an active license as a managing
broker may return the license to the Department along with a
form provided by the Department and shall be issued a broker's
license in exchange. Any individual obtaining a broker's
license under this subsection (e) shall be considered as having
obtained a broker's license by education and passing the
required test and shall be treated as such in determining
compliance with this Act.
(Source: P.A. 98-531, eff. 8-23-13.)
 
    (225 ILCS 454/10-45 new)
    Sec. 10-45. Broker price opinions and comparative market
analyses.
    (a) A broker price opinion or comparative market analysis
may be prepared or provided by a real estate broker or managing
broker for any of the following:
        (1) an existing or potential buyer or seller of an
    interest in real estate;
        (2) an existing or potential lessor or lessee of an
    interest in real estate;
        (3) a third party making decisions or performing due
    diligence related to the potential listing, offering,
    sale, option, lease, or acquisition price of an interest in
    real estate; or
        (4) an existing or potential lienholder or other third
    party for any purpose other than as the primary basis to
    determine the market value of an interest in real estate
    for the purpose of a mortgage loan origination by a
    financial institution secured by such real estate.
    (b) A broker price opinion or comparative market analysis
shall be in writing either on paper or electronically and shall
include the following provisions:
        (1) a statement of the intended purpose of the broker
    price opinion or comparative market analysis;
        (2) a brief description of the interest in real estate
    that is the subject of the broker price opinion or
    comparative market analysis;
        (3) a brief description of the methodology used to
    develop the broker price opinion or comparative market
    analysis;
        (4) any assumptions or limiting conditions;
        (5) a disclosure of any existing or contemplated
    interest of the broker or managing broker in the interest
    in real estate that is the subject of the broker price
    opinion or comparative market analysis;
        (6) the name, license number, and signature of the
    broker or managing broker that developed the broker price
    opinion or comparative market analysis;
        (7) a statement in substantially the following form:
        "This is a broker price opinion/comparative market
    analysis, not an appraisal of the market value of the real
    estate, and was prepared by a licensed real estate broker
    or managing broker, not by a State certified real estate
    appraiser."; and
        (8) such other items as the broker or managing broker
    may deem appropriate.
 
    (225 ILCS 454/25-10)
    (Section scheduled to be repealed on January 1, 2020)
    Sec. 25-10. Real Estate Administration and Disciplinary
Board; duties. There is created the Real Estate Administration
and Disciplinary Board. The Board shall be composed of 9
persons appointed by the Governor. Members shall be appointed
to the Board subject to the following conditions:
        (1) All members shall have been residents and citizens
    of this State for at least 6 years prior to the date of
    appointment.
        (2) Six members shall have been actively engaged as
    brokers or salespersons or both for at least the 10 years
    prior to the appointment.
        (3) Three members of the Board shall be public members
    who represent consumer interests.
    None of these members shall be (i) a person who is licensed
under this Act or a similar Act of another jurisdiction, (ii)
the spouse or family member of a licensee, (iii) a person who
has an ownership interest in a real estate brokerage business,
or (iv) a person the Department determines to have any other
connection with a real estate brokerage business or a licensee.
The members' terms shall be 4 years or until their successor is
appointed, and the expiration of their terms shall be
staggered. Appointments to fill vacancies shall be for the
unexpired portion of the term. No member shall be reappointed
to the Board for a term that would cause his or her service on
the Board to be longer than 12 years in a lifetime. The
membership of the Board should reasonably reflect the
geographic distribution of the licensee population in this
State. In making the appointments, the Governor shall give due
consideration to the recommendations by members and
organizations of the profession. The Governor may terminate the
appointment of any member for cause that in the opinion of the
Governor reasonably justifies the termination. Cause for
termination shall include without limitation misconduct,
incapacity, neglect of duty, or missing 4 board meetings during
any one calendar year. Each member of the Board may receive a
per diem stipend in an amount to be determined by the
Secretary. Each member shall be paid his or her necessary
expenses while engaged in the performance of his or her duties.
Such compensation and expenses shall be paid out of the Real
Estate License Administration Fund. The Secretary shall
consider the recommendations of the Board on questions
involving standards of professional conduct, discipline, and
examination of candidates under this Act. The Department, after
notifying and considering the recommendations of the Board, if
any, may issue rules, consistent with the provisions of this
Act, for the administration and enforcement thereof and may
prescribe forms that shall be used in connection therewith.
Five Board members shall constitute a quorum. A quorum is
required for all Board decisions.
(Source: P.A. 96-856, eff. 12-31-09.)
 
    Section 10. The Real Estate Appraiser Licensing Act of 2002
is amended by changing Sections 1-5, 1-10, 5-5, 5-10, 5-15,
5-20, 5-30, 5-35, 5-40, 5-50, 10-5, 15-10, 20-5, 20-10, 25-10,
and 25-15 and by adding Section 5-22 as follows:
 
    (225 ILCS 458/1-5)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 1-5. Legislative intent. The intent of the General
Assembly in enacting this Act is to evaluate the competency of
persons engaged in the appraisal of real estate in connection
with a federally related transaction and to license and
regulate those persons for the protection of the public.
Additionally, it is the intent of the General Assembly for this
Act to be consistent with the provisions of Title XI of the
federal Financial Institutions Reform, Recovery and
Enforcement Act of 1989.
(Source: P.A. 92-180, eff. 7-1-02.)
 
    (225 ILCS 458/1-10)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 1-10. Definitions. As used in this Act, unless the
context otherwise requires:
    "Accredited college or university, junior college, or
community college" means a college or university, junior
college, or community college that is approved or accredited by
the Board of Higher Education, a regional or national
accreditation association, or by an accrediting agency that is
recognized by the U.S. Secretary of Education.
    "Address of record" means the designated address recorded
by the Department in the applicant's or licensee's application
file or license file as maintained by the Department's
licensure maintenance unit. It is the duty of the applicant or
licensee to inform the Department of any change of address and
those changes must be made either through the Department's
website or by contacting the Department.
    "Applicant" means person who applies to the Department for
a license under this Act.
    "Appraisal" means (noun) the act or process of developing
an opinion of value; an opinion of value (adjective) of or
pertaining to appraising and related functions, such as
appraisal practice or appraisal services.
    "Appraisal assignment" means a valuation service provided
as a consequence of an agreement between an appraiser and a
client.
    "Appraisal consulting" means the act or process of
developing an analysis, recommendation, or opinion to solve a
problem, where an opinion of value is a component of the
analysis leading to the assignment results.
    "Appraisal firm" means an appraisal entity that is 100%
owned and controlled by a person or persons licensed in
Illinois as a certified general real estate appraiser or a
certified residential real estate appraiser. "Appraisal firm"
does not include an appraisal management company.
    "Appraisal management company" means any corporation,
limited liability company, partnership, sole proprietorship,
subsidiary, unit, or other business entity that directly or
indirectly performs the following appraisal management
services: (1) administers networks of independent contractors
or employee appraisers to perform real estate appraisal
assignments for clients; (2) receives requests for real estate
appraisal services from clients and, for a fee paid by the
client, enters into an agreement with one or more independent
appraisers to perform the real estate appraisal services
contained in the request; or (3) otherwise serves as a
third-party broker of appraisal management services between
clients and appraisers. "Appraisal management company" does
not include an appraisal firm.
    "Appraisal practice" means valuation services performed by
an individual acting as an appraiser, including, but not
limited to, appraisal, appraisal review, or appraisal
consulting.
    "Appraisal report" means any communication, written or
oral, of an appraisal or , appraisal review, or appraisal
consulting service that is transmitted to a client upon
completion of an assignment.
    "Appraisal review" means the act or process of developing
and communicating an opinion about the quality of another
appraiser's work that was performed as part of an appraisal,
appraisal review, or appraisal assignment.
    "Appraisal Subcommittee" means the Appraisal Subcommittee
of the Federal Financial Institutions Examination Council as
established by Title XI.
    "Appraiser" means a person who performs real estate or real
property appraisals.
    "AQB" means the Appraisal Qualifications Board of the
Appraisal Foundation.
    "Associate real estate trainee appraiser" means an
entry-level appraiser who holds a license of this
classification under this Act with restrictions as to the scope
of practice in accordance with this Act.
    "Board" means the Real Estate Appraisal Administration and
Disciplinary Board.
    "Broker price opinion" means an estimate or analysis of the
probable selling price of a particular interest in real estate,
which may provide a varying level of detail about the
property's condition, market, and neighborhood and information
on comparable sales. The activities of a real estate broker or
managing broker engaging in the ordinary course of business as
a broker, as defined in this Section, shall not be considered a
broker price opinion if no compensation is paid to the broker
or managing broker, other than compensation based upon the sale
or rental of real estate.
    "Classroom hour" means 50 minutes of instruction out of
each 60 minute segment of coursework.
    "Client" means the party or parties who engage an appraiser
by employment or contract in a specific appraisal assignment.
    "Comparative market analysis" is an analysis or opinion
regarding pricing, marketing, or financial aspects relating to
a specified interest or interests in real estate that may be
based upon an analysis of comparative market data, the
expertise of the real estate broker or managing broker, and
such other factors as the broker or managing broker may deem
appropriate in developing or preparing such analysis or
opinion. The activities of a real estate broker or managing
broker engaging in the ordinary course of business as a broker,
as defined in this Section, shall not be considered a
comparative market analysis if no compensation is paid to the
broker or managing broker, other than compensation based upon
the sale or rental of real estate.
    "Coordinator" means the Coordinator of Real Estate
Appraisal of the Division of Professional Regulation of the
Department of Financial and Professional Regulation.
    "Department" means the Department of Financial and
Professional Regulation.
    "Federal financial institutions regulatory agencies" means
the Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, the Office of the
Comptroller of the Currency, the Consumer Financial Protection
Bureau Office of Thrift Supervision, and the National Credit
Union Administration.
    "Federally related transaction" means any real
estate-related financial transaction in which a federal
financial institutions regulatory agency, the Department of
Housing and Urban Development, Fannie Mae, Freddie Mae, or the
National Credit Union Administration engages in, contracts
for, or regulates and requires the services of an appraiser.
    "Financial institution" means any bank, savings bank,
savings and loan association, credit union, mortgage broker,
mortgage banker, licensee under the Consumer Installment Loan
Act or the Sales Finance Agency Act, or a corporate fiduciary,
subsidiary, affiliate, parent company, or holding company of
any such licensee, or any institution involved in real estate
financing that is regulated by state or federal law.
    "Modular Course" means the Appraisal Qualifying Course
Design conforming to the Sub Topics Course Outline contained in
the AQB Criteria 2008.
    "Person" means an individual, entity, sole proprietorship,
corporation, limited liability company, partnership, and joint
venture, foreign or domestic, except that when the context
otherwise requires, the term may refer to more than one
individual or other described entity.
    "Real estate" means an identified parcel or tract of land,
including any improvements.
    "Real estate related financial transaction" means any
transaction involving:
        (1) the sale, lease, purchase, investment in, or
    exchange of real property, including interests in property
    or the financing thereof;
        (2) the refinancing of real property or interests in
    real property; and
        (3) the use of real property or interest in property as
    security for a loan or investment, including mortgage
    backed securities.
    "Real property" means the interests, benefits, and rights
inherent in the ownership of real estate.
    "Secretary" means the Secretary of Financial and
Professional Regulation.
    "State certified general real estate appraiser" means an
appraiser who holds a license of this classification under this
Act and such classification applies to the appraisal of all
types of real property without restrictions as to the scope of
practice.
    "State certified residential real estate appraiser" means
an appraiser who holds a license of this classification under
this Act and such classification applies to the appraisal of
one to 4 units of residential real property without regard to
transaction value or complexity, but with restrictions as to
the scope of practice in a federally related transaction in
accordance with Title XI, the provisions of USPAP, criteria
established by the AQB, and further defined by rule.
    "Supervising appraiser" means either (i) an appraiser who
holds a valid license under this Act as either a State
certified general real estate appraiser or a State certified
residential real estate appraiser, who co-signs an appraisal
report for an associate real estate trainee appraiser or (ii) a
State certified general real estate appraiser who holds a valid
license under this Act who co-signs an appraisal report for a
State certified residential real estate appraiser on
properties other than one to 4 units of residential real
property without regard to transaction value or complexity.
    "Title XI" means Title XI of the federal Financial
Institutions Reform, Recovery and Enforcement Act of 1989.
    "USPAP" means the Uniform Standards of Professional
Appraisal Practice as promulgated by the Appraisal Standards
Board pursuant to Title XI and by rule.
    "Valuation services" means services pertaining to aspects
of property value.
(Source: P.A. 96-844, eff. 12-23-09; 97-602, eff. 8-26-11.)
 
    (225 ILCS 458/5-5)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-5. Necessity of license; use of title; exemptions.
    (a) It is unlawful for a person to (i) act, offer services,
or advertise services as a State certified general real estate
appraiser, State certified residential real estate appraiser,
or associate real estate trainee appraiser, (ii) develop a real
estate appraisal, (iii) practice as a real estate appraiser, or
(iv) advertise or hold himself or herself out to be a real
estate appraiser without a license issued under this Act. A
person who violates this subsection is guilty of a Class A
misdemeanor for a first offense and a Class 4 felony for any
subsequent offense.
    (a-5) It is unlawful for a person, unless registered as an
appraisal management company, to solicit clients or enter into
an appraisal engagement with clients without either a certified
residential real estate appraiser license or a certified
general real estate appraiser license issued under this Act. A
person who violates this subsection is guilty of a Class A
misdemeanor for a first offense and a Class 4 felony for any
subsequent offense.
    (b) It is unlawful for a person, other than a person who
holds a valid license issued pursuant to this Act as a State
certified general real estate appraiser, a State certified
residential real estate appraiser, or an associate real estate
trainee appraiser to use these titles or any other title,
designation, or abbreviation likely to create the impression
that the person is licensed as a real estate appraiser pursuant
to this Act. A person who violates this subsection is guilty of
a Class A misdemeanor for a first offense and a Class 4 felony
for any subsequent offense.
    (c) This Act does not apply to a person who holds a valid
license as a real estate broker or managing broker pursuant to
the Real Estate License Act of 2000 who prepares or provides a
broker price opinion or comparative market analysis in
compliance with Section 10-45 of the Real Estate License Act of
2000. The licensing requirements of this Act do not require a
person who holds a valid license pursuant to the Real Estate
License Act of 2000, to be licensed as a real estate appraiser
under this Act, unless that person is providing or attempting
to provide an appraisal report, as defined in Section 1-10 of
this Act, in connection with a federally-related transaction.
Nothing in this Act shall prohibit a person who holds a valid
license under the Real Estate License Act of 2000 from
performing a comparative market analysis or broker price
opinion for compensation, provided that the person does not
hold himself out as being a licensed real estate appraiser.
    (d) Nothing in this Act shall preclude a State certified
general real estate appraiser, a State certified residential
real estate appraiser, or an associate real estate trainee
appraiser from rendering appraisals for or on behalf of a
partnership, association, corporation, firm, or group.
However, no State appraisal license or certification shall be
issued under this Act to a partnership, association,
corporation, firm, or group.
    (e) This Act does not apply to a county assessor, township
assessor, multi-township assessor, county supervisor of
assessments, or any deputy or employee of any county assessor,
township assessor, multi-township assessor, or county
supervisor of assessments who is performing his or her
respective duties in accordance with the provisions of the
Property Tax Code.
    (e-5) For the purposes of this Act, valuation waivers may
be prepared by a licensed appraiser notwithstanding any other
provision of this Act, and the following types of valuations
are not appraisals and may not be represented to be appraisals,
and a license is not required under this Act to perform such
valuations if the valuations are performed by (1) an employee
of the Illinois Department of Transportation who has completed
a minimum of 45 hours of course work in real estate appraisal,
including the principals of real estate appraisals, appraisal
of partial acquisitions, easement valuation, reviewing
appraisals in eminent domain, appraisal for federal aid highway
programs, and appraisal review for federal aid highway programs
and has at least 2 years' experience in a field closely related
to real estate or (2) a county engineer who is a registered
professional engineer under the Professional Engineering
Practice Act of 1989, under the following circumstances:
        (A) a valuation waiver in an amount not to exceed
    $10,000 prepared pursuant to the federal Uniform
    Relocation Assistance and Real Property Acquisition
    Policies Act of 1970, or prepared pursuant to the federal
    Uniform Relocation Assistance and Real Property
    Acquisition for Federal and Federally-Assisted Programs
    regulations and which is performed by an employee of the
    Illinois Department of Transportation and co-signed, with
    a license number affixed, by another employee of the
    Illinois Department of Transportation who is a registered
    professional engineer under the Professional Engineering
    Practice Act of 1989; and
        (B) a valuation waiver in an amount not to exceed
    $10,000 prepared pursuant to the federal Uniform
    Relocation Assistance and Real Property Acquisition
    Policies Act of 1970, or prepared pursuant to the federal
    Uniform Relocation Assistance and Real Property
    Acquisition for Federal and Federally-Assisted Programs
    regulations and which is performed by a county engineer who
    is employed by a county and is a registered professional
    engineer under the Professional Engineering Practice Act
    of 1989. In addition to his or her signature, the county
    engineer shall affix his or her license number to the
    valuation.
    Nothing in this subsection (e-5) shall be construed to
allow the State of Illinois, a political subdivision thereof,
or any public body to acquire real estate by eminent domain in
any manner other than provided for in the Eminent Domain Act.
    (f) A State real estate appraisal certification or license
is not required under this Act for any of the following:
        (1) A person, partnership, association, or corporation
    that performs appraisals of property owned by that person,
    partnership, association, or corporation for the sole use
    of that person, partnership, association, or corporation.
        (2) A court-appointed commissioner who conducts an
    appraisal pursuant to a judicially ordered evaluation of
    property.
However, any person who is certified or licensed under this Act
and who performs any of the activities set forth in this
subsection (f) must comply with the provisions of this Act. A
person who violates this subsection (f) is guilty of a Class A
misdemeanor for a first offense and a Class 4 felony for any
subsequent offense.
    (g) This Act does not apply to an employee, officer,
director, or member of a credit or loan committee of a
financial institution or any other person engaged by a
financial institution when performing an evaluation of real
property for the sole use of the financial institution in a
transaction for which the financial institution would not be
required to use the services of a State licensed or State
certified appraiser pursuant to federal regulations adopted
under Title XI of the federal Financial Institutions Reform,
Recovery, and Enforcement Act of 1989, nor does this Act apply
to the procurement of an automated valuation model.
    "Automated valuation model" means an automated system that
is used to derive a property value through the use of publicly
available property records and various analytic methodologies
such as comparable sales prices, home characteristics, and
historical home price appreciations.
(Source: P.A. 97-602, eff. 8-26-11; 98-444, eff. 8-16-13.)
 
    (225 ILCS 458/5-10)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-10. Application for State certified general real
estate appraiser.
    (a) Every person who desires to obtain a State certified
general real estate appraiser license shall:
        (1) apply to the Department on forms provided by the
    Department accompanied by the required fee;
        (2) be at least 18 years of age;
        (3) (blank);
        (4) personally take and pass an examination authorized
    by the Department and endorsed by the AQB;
        (5) prior to taking the examination, provide evidence
    to the Department, in Modular Course format, with each
    module conforming to the Required Core Curriculum Real
    Property Appraiser Qualification Criteria established and
    adopted by the AQB, that he or she has successfully
    completed the prerequisite classroom hours of instruction
    in appraising as established by the AQB and by rule; and
        (6) prior to taking the examination, provide evidence
    to the Department that he or she has successfully completed
    the prerequisite experience and educational requirements
    in appraising as established by AQB and by rule.
    (b) Applicants must provide evidence to the Department of
(i) holding a Bachelor's degree or higher from an accredited
college or university. or (ii) successfully passing 30 semester
credit hours or the equivalent from an accredited college or
university, junior college, or community college in the
following subjects:
        (1) English composition;
        (2) micro economics;
        (3) macro economics;
        (4) finance;
        (5) algebra, geometry, or higher mathematics;
        (6) statistics;
        (7) introduction to computers-word processing and
    spreadsheets;
        (8) business or real estate law; and
        (9) two elective courses in accounting, geography,
    agricultural economics, business management, or real
    estate.
    If an accredited college or university accepts the
College-Level Examination Program (CLEP) examinations and
issues a transcript for the exam showing its approval, it will
be considered credit for the college course for the purposes of
meeting the requirements of this subsection (b).
(Source: P.A. 96-844, eff. 12-23-09; 96-1000, eff. 7-2-10.)
 
    (225 ILCS 458/5-15)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-15. Application for State certified residential
real estate appraiser.
    (a) Every person who desires to obtain a State certified
residential real estate appraiser license shall:
        (1) apply to the Department on forms provided by the
    Department accompanied by the required fee;
        (2) be at least 18 years of age;
        (3) (blank);
        (4) personally take and pass an examination authorized
    by the Department and endorsed by the AQB;
        (5) prior to taking the examination, provide evidence
    to the Department, in Modular Course format, with each
    module conforming to the Required Core Curriculum Real
    Property Appraiser Qualification Criteria established and
    adopted by the AQB, that he or she has successfully
    completed the prerequisite classroom hours of instruction
    in appraising as established by the AQB and by rule; and
        (6) prior to taking the examination, provide evidence
    to the Department that he or she has successfully completed
    the prerequisite experience and educational requirements
    as established by AQB and by rule.
    (b) Applicants must provide evidence to the Department of
(i) holding an Associate's degree or its equivalent from an
accredited college or university, junior college, or community
college or (ii) successfully passing 21 semester credit hours
or the equivalent from an accredited college or university,
junior college, or community college in the following subjects:
        (1) English composition;
        (2) principals of economics (micro or macro);
        (3) finance;
        (4) algebra, geometry, or higher mathematics;
        (5) statistics;
        (6) introduction to computers-word processing and
    spreadsheets; and
        (7) business or real estate law.
    If an accredited college or university accepts the
College-Level Examination Program (CLEP) examinations and
issues a transcript for the exam showing its approval, it will
be considered credit for the college course for the purposes of
the requirements of this subsection (b).
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/5-20)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-20. Application for associate real estate trainee
appraiser. Every person who desires to obtain an associate real
estate trainee appraiser license shall:
        (1) apply to the Department on forms provided by the
    Department accompanied by the required fee;
        (2) be at least 18 years of age;
        (3) provide evidence of having attained a high school
    diploma or completed an equivalent course of study as
    determined by an examination conducted or accepted by the
    Illinois State Board of Education;
        (4) personally take and pass an examination authorized
    by the Department; and
        (5) prior to taking the examination, provide evidence
    to the Department that he or she has successfully completed
    the prerequisite qualifying and any conditional education
    requirements classroom hours of instruction in appraising
    as established by rule.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/5-22 new)
    Sec. 5-22. Criminal history records check. Each applicant
for licensure by examination or restoration shall have his or
her fingerprints submitted to the Department of State Police in
an electronic format that complies with the form and manner for
requesting and furnishing criminal history record information
as prescribed by the Department of State Police. These
fingerprints shall be checked against the Department of State
Police and Federal Bureau of Investigation criminal history
record databases now and hereafter filed. The Department of
State Police shall charge applicants a fee for conducting the
criminal history records check, which shall be deposited into
the State Police Services Fund and shall not exceed the actual
cost of the records check. The Department of State Police shall
furnish, pursuant to positive identification, records of
Illinois convictions to the Department. The Department may
require applicants to pay a separate fingerprinting fee, either
to the Department or to a vendor. The Department may adopt any
rules necessary to implement this Section.
 
    (225 ILCS 458/5-30)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-30. Endorsement. The Department may issue an
appraiser license, without the required examination, to an
applicant licensed by another state, territory, possession of
the United States, or the District of Columbia, if (i) the
licensing requirements of that licensing authority are, on the
date of licensure, substantially equal to the requirements set
forth under this Act or to a person who, at the time of his or
her application, possessed individual qualifications that were
substantially equivalent to the requirements of this Act or
(ii) the applicant provides the Department with evidence of
good standing from the Appraisal Subcommittee National
Registry report and a criminal history records check in
accordance with Section 5-22. An applicant under this Section
shall pay all of the required fees.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/5-35)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-35. Qualifying Pre-license education requirements.
    (a) The prerequisite classroom hours necessary for a person
to be approved to sit for the examination for licensure as a
State certified general real estate appraiser or a State
certified residential real estate appraiser shall be in
accordance with AQB criteria and established by rule.
    (b) The prerequisite classroom hours necessary for a person
to sit for the examination for licensure as an associate real
estate trainee appraiser shall be established by rule.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/5-40)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-40. Qualifying Pre-license experience requirements.
The prerequisite experience necessary for a person to be
approved to sit for the examination for licensure as a State
certified general real estate appraiser or a State certified
residential real estate appraiser shall be established by rule.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/5-50)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 5-50. Temporary practice permits. A nonresident
appraiser who holds a valid appraiser license in another state,
territory, possession of the United States, or the District of
Columbia may be granted a temporary practice permit to practice
as an appraiser in the State of Illinois upon making an
application and paying the applicable fees pursuant to
Appraisal Subcommittee policy statements and as established by
rule.
(Source: P.A. 92-180, eff. 7-1-02.)
 
    (225 ILCS 458/10-5)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 10-5. Scope of practice.
    (a) This Act does not limit a State certified general real
estate appraiser in his or her scope of practice in a federally
related transaction. A certified general real estate appraiser
may independently provide appraisal services, review, or
consulting relating to any type of property for which he or she
has experience or is competent. All such appraisal practice
must be made in accordance with the provisions of USPAP,
criteria established by the AQB, and rules adopted pursuant to
this Act.
    (b) A State certified residential real estate appraiser is
limited in his or her scope of practice to the provisions of
USPAP, criteria established by the AQB, and the rules adopted
pursuant to this Act.
    (c) A State certified residential real estate appraiser
must have a State certified general real estate appraiser who
holds a valid license under this Act co-sign all appraisal
reports on properties other than one to 4 units of residential
real property without regard to transaction value or
complexity.
    (d) An associate real estate trainee appraiser is limited
in his or her scope of practice in all transactions in
accordance with the provisions of USPAP, this Act, and the
rules adopted pursuant to this Act. In addition, an associate
real estate trainee appraiser shall be required to have a State
certified general real estate appraiser or State certified
residential real estate appraiser who holds a valid license
under this Act to co-sign all appraisal reports. A The
associate real estate trainee appraiser licensee may not have
more than 3 supervising appraisers, and a supervising appraiser
may not supervise more than 3 associate real estate trainee
appraisers at one time. Associate real estate trainee
appraisers shall not be limited in the number of concurrent
supervising appraisers. A chronological appraisal log on an
approved log form shall be maintained by the associate real
estate trainee appraiser and shall be made available to the
Department upon request.
(Source: P.A. 96-844, eff. 12-23-09; 97-602, eff. 8-26-11.)
 
    (225 ILCS 458/15-10)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 15-10. Grounds for disciplinary action.
    (a) The Department may suspend, revoke, refuse to issue,
renew, or restore a license and may reprimand place on
probation or administrative supervision, or take any
disciplinary or non-disciplinary action, including imposing
conditions limiting the scope, nature, or extent of the real
estate appraisal practice of a licensee or reducing the
appraisal rank of a licensee, and may impose an administrative
fine not to exceed $25,000 for each violation upon a licensee
for any one or combination of the following:
        (1) Procuring or attempting to procure a license by
    knowingly making a false statement, submitting false
    information, engaging in any form of fraud or
    misrepresentation, or refusing to provide complete
    information in response to a question in an application for
    licensure.
        (2) Failing to meet the minimum qualifications for
    licensure as an appraiser established by this Act.
        (3) Paying money, other than for the fees provided for
    by this Act, or anything of value to a member or employee
    of the Board or the Department to procure licensure under
    this Act.
        (4) Conviction by plea of guilty or nolo contendere,
    finding of guilt, jury verdict, or entry of judgment or by
    sentencing of any crime, including, but not limited to,
    convictions, preceding sentences of supervision,
    conditional discharge, or first offender probation, under
    the laws of any jurisdiction of the United States: (i) that
    is a felony; or (ii) that is a misdemeanor, an essential
    element of which is dishonesty, or that is directly related
    to the practice of the profession.
        (5) Committing an act or omission involving
    dishonesty, fraud, or misrepresentation with the intent to
    substantially benefit the licensee or another person or
    with intent to substantially injure another person as
    defined by rule.
        (6) Violating a provision or standard for the
    development or communication of real estate appraisals as
    provided in Section 10-10 of this Act or as defined by
    rule.
        (7) Failing or refusing without good cause to exercise
    reasonable diligence in developing, reporting, or
    communicating an appraisal, as defined by this Act or by
    rule.
        (8) Violating a provision of this Act or the rules
    adopted pursuant to this Act.
        (9) Having been disciplined by another state, the
    District of Columbia, a territory, a foreign nation, a
    governmental agency, or any other entity authorized to
    impose discipline if at least one of the grounds for that
    discipline is the same as or the equivalent of one of the
    grounds for which a licensee may be disciplined under this
    Act.
        (10) Engaging in dishonorable, unethical, or
    unprofessional conduct of a character likely to deceive,
    defraud, or harm the public.
        (11) Accepting an appraisal assignment when the
    employment itself is contingent upon the appraiser
    reporting a predetermined estimate, analysis, or opinion
    or when the fee to be paid is contingent upon the opinion,
    conclusion, or valuation reached or upon the consequences
    resulting from the appraisal assignment.
        (12) Developing valuation conclusions based on the
    race, color, religion, sex, national origin, ancestry,
    age, marital status, family status, physical or mental
    disability, or unfavorable military discharge, as defined
    under the Illinois Human Rights Act, of the prospective or
    present owners or occupants of the area or property under
    appraisal.
        (13) Violating the confidential nature of government
    records to which the licensee gained access through
    employment or engagement as an appraiser by a government
    agency.
        (14) Being adjudicated liable in a civil proceeding on
    grounds of fraud, misrepresentation, or deceit. In a
    disciplinary proceeding based upon a finding of civil
    liability, the appraiser shall be afforded an opportunity
    to present mitigating and extenuating circumstances, but
    may not collaterally attack the civil adjudication.
        (15) Being adjudicated liable in a civil proceeding for
    violation of a state or federal fair housing law.
        (16) Engaging in misleading or untruthful advertising
    or using a trade name or insignia of membership in a real
    estate appraisal or real estate organization of which the
    licensee is not a member.
        (17) Failing to fully cooperate with a Department
    investigation by knowingly making a false statement,
    submitting false or misleading information, or refusing to
    provide complete information in response to written
    interrogatories or a written request for documentation
    within 30 days of the request.
        (18) Failing to include within the certificate of
    appraisal for all written appraisal reports the
    appraiser's license number and licensure title. All
    appraisers providing significant contribution to the
    development and reporting of an appraisal must be disclosed
    in the appraisal report. It is a violation of this Act for
    an appraiser to sign a report, transmittal letter, or
    appraisal certification knowing that a person providing a
    significant contribution to the report has not been
    disclosed in the appraisal report.
        (19) Violating the terms of a disciplinary order or
    consent to administrative supervision order.
        (20) Habitual or excessive use or addiction to alcohol,
    narcotics, stimulants, or any other chemical agent or drug
    that results in a licensee's inability to practice with
    reasonable judgment, skill, or safety.
        (21) A physical or mental illness or disability which
    results in the inability to practice under this Act with
    reasonable judgment, skill, or safety.
        (22) Gross negligence in developing an appraisal or in
    communicating an appraisal or failing to observe one or
    more of the Uniform Standards of Professional Appraisal
    Practice.
        (23) A pattern of practice or other behavior that
    demonstrates incapacity or incompetence to practice under
    this Act.
        (24) Using or attempting to use the seal, certificate,
    or license of another as his or her own; falsely
    impersonating any duly licensed appraiser; using or
    attempting to use an inactive, expired, suspended, or
    revoked license; or aiding or abetting any of the
    foregoing.
        (25) Solicitation of professional services by using
    false, misleading, or deceptive advertising.
        (26) Making a material misstatement in furnishing
    information to the Department.
        (27) Failure to furnish information to the Department
    upon written request.
    (b) The Department may reprimand suspend, revoke, or refuse
to issue or renew an education provider's license, may
reprimand, place on probation, or otherwise discipline an
education provider and may suspend or revoke the course
approval of any course offered by an education provider and may
impose an administrative fine not to exceed $25,000 upon an
education provider, for any of the following:
        (1) Procuring or attempting to procure licensure by
    knowingly making a false statement, submitting false
    information, engaging in any form of fraud or
    misrepresentation, or refusing to provide complete
    information in response to a question in an application for
    licensure.
        (2) Failing to comply with the covenants certified to
    on the application for licensure as an education provider.
        (3) Committing an act or omission involving
    dishonesty, fraud, or misrepresentation or allowing any
    such act or omission by any employee or contractor under
    the control of the provider.
        (4) Engaging in misleading or untruthful advertising.
        (5) Failing to retain competent instructors in
    accordance with rules adopted under this Act.
        (6) Failing to meet the topic or time requirements for
    course approval as the provider of a qualifying pre-license
    curriculum course or a continuing education course.
        (7) Failing to administer an approved course using the
    course materials, syllabus, and examinations submitted as
    the basis of the course approval.
        (8) Failing to provide an appropriate classroom
    environment for presentation of courses, with
    consideration for student comfort, acoustics, lighting,
    seating, workspace, and visual aid material.
        (9) Failing to maintain student records in compliance
    with the rules adopted under this Act.
        (10) Failing to provide a certificate, transcript, or
    other student record to the Department or to a student as
    may be required by rule.
        (11) Failing to fully cooperate with an investigation
    by the Department by knowingly making a false statement,
    submitting false or misleading information, or refusing to
    provide complete information in response to written
    interrogatories or a written request for documentation
    within 30 days of the request.
    (c) In appropriate cases, the Department may resolve a
complaint against a licensee through the issuance of a Consent
to Administrative Supervision order. A licensee subject to a
Consent to Administrative Supervision order shall be
considered by the Department as an active licensee in good
standing. This order shall not be reported or considered by the
Department to be a discipline of the licensee. The records
regarding an investigation and a Consent to Administrative
Supervision order shall be considered confidential and shall
not be released by the Department except as mandated by law. A
complainant shall be notified if his or her complaint has been
resolved by a Consent to Administrative Supervision order.
(Source: P.A. 96-844, eff. 12-23-09; 97-602, eff. 8-26-11;
97-877, eff. 8-2-12.)
 
    (225 ILCS 458/20-5)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 20-5. Education providers.
    (a) Beginning July 1, 2002, only education providers
licensed or otherwise approved by the Department may provide
the qualifying pre-license and continuing education courses
required for licensure under this Act.
    (b) A person or entity seeking to be licensed as an
education provider under this Act shall provide satisfactory
evidence of the following:
        (1) a sound financial base for establishing,
    promoting, and delivering the necessary courses;
        (2) a sufficient number of qualified instructors;
        (3) adequate support personnel to assist with
    administrative matters and technical assistance;
        (4) a written policy dealing with procedures for
    management of grievances and fee refunds;
        (5) a qualified administrator, who is responsible for
    the administration of the education provider, courses, and
    the actions of the instructors; and
        (6) any other requirements as provided by rule.
    (c) All applicants for an education provider's license
shall make initial application to the Department on forms
provided by the Department and pay the appropriate fee as
provided by rule. The term, expiration date, and renewal of an
education provider's license shall be established by rule.
    (d) An education provider shall provide each successful
course participant with a certificate of completion signed by
the school administrator. The format and content of the
certificate shall be specified by rule.
    (e) All education providers shall provide to the Department
a monthly roster of all successful course participants as
provided by rule.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/20-10)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 20-10. Course approval.
    (a) Only courses offered by licensed education providers
and approved by the Department, courses approved by the AQB, or
courses approved by jurisdictions regulated by the Appraisal
Subcommittee shall be used to meet the requirements of this Act
and rules.
    (b) An education provider licensed under this Act may
submit courses to the Department for approval. The criteria,
requirements, and fees for courses shall be established by rule
in accordance with this Act, Title XI, and the criteria
established by the AQB.
    (c) For each course approved, the Department shall issue a
license to the education provider. The term, expiration date,
and renewal of a course approval shall be established by rule.
    (d) An education provider must use an instructor for each
course approved by the Department who (i) holds a valid real
estate appraisal license in good standing as a State certified
general real estate appraiser or a State certified residential
real estate appraiser in Illinois or any other jurisdiction
monitored regulated by the Appraisal Subcommittee, (ii) holds a
valid teaching certificate issued by the State of Illinois,
(iii) is a faculty member in good standing with an accredited
college or university or community college, or (iv) is an
approved appraisal instructor from an appraisal organization
that is a member of the Appraisal Foundation.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/25-10)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 25-10. Real Estate Appraisal Administration and
Disciplinary Board; appointment.
    (a) There is hereby created the Real Estate Appraisal
Administration and Disciplinary Board. The Board shall be
composed of 10 persons appointed by the Governor, plus the
Coordinator of the Real Estate Appraisal Division. Members
shall be appointed to the Board subject to the following
conditions:
        (1) All appointed members shall have been residents and
    citizens of this State for at least 5 years prior to the
    date of appointment.
        (2) The appointed membership of the Board should
    reasonably reflect the geographic distribution of the
    population of the State.
        (3) Four appointed members shall have been actively
    engaged and currently licensed as State certified general
    real estate appraisers for a period of not less than 5
    years.
        (4) Two appointed members shall have been actively
    engaged and currently licensed as State certified
    residential real estate appraisers for a period of not less
    than 5 years.
        (5) Two appointed members shall hold a valid license as
    a real estate broker for at least 10 years prior to the
    date of the appointment, one of whom shall hold a valid
    State certified general real estate appraiser license
    issued under this Act or a predecessor Act for a period of
    at least 5 years prior to the appointment and one of whom
    shall hold a valid State certified residential real estate
    appraiser license issued under this Act or a predecessor
    Act for a period of at least 5 years prior to the
    appointment.
        (6) One appointed member shall be a representative of a
    financial institution, as evidenced by his or her
    employment with a financial institution.
        (7) One appointed member shall represent the interests
    of the general public. This member or his or her spouse
    shall not be licensed under this Act nor be employed by or
    have any interest in an appraisal business, appraisal
    management company, real estate brokerage business, or a
    financial institution.
    In making appointments as provided in paragraphs (3) and
(4) of this subsection, the Governor shall give due
consideration to recommendations by members and organizations
representing the profession.
    In making the appointments as provided in paragraph (5) of
this subsection, the Governor shall give due consideration to
the recommendations by members and organizations representing
the real estate industry.
    In making the appointment as provided in paragraph (6) of
this subsection, the Governor shall give due consideration to
the recommendations by members and organizations representing
financial institutions.
    (b) The term for members of the Board shall be 4 years, and
each member shall serve until his or her successor is appointed
and qualified. No member shall serve more than 10 years in a
lifetime.
    (c) The Governor may terminate the appointment of a member
for cause that, in the opinion of the Governor, reasonably
justifies the termination. Cause for termination may include,
without limitation, misconduct, incapacity, neglect of duty,
or missing 4 Board meetings during any one calendar year.
    (d) A majority of the Board members shall constitute a
quorum. A vacancy in the membership of the Board shall not
impair the right of a quorum to exercise all of the rights and
perform all of the duties of the Board.
    (e) The Board shall meet at least quarterly and may be
convened by the Chairperson, Vice-Chairperson, or 3 members of
the Board upon 10 days written notice.
    (f) The Board shall, annually at the first meeting of the
fiscal year, elect a Chairperson and Vice-Chairperson from its
members. The Chairperson shall preside over the meetings and
shall coordinate with the Coordinator in developing and
distributing an agenda for each meeting. In the absence of the
Chairperson, the Vice-Chairperson shall preside over the
meeting.
    (g) The Coordinator of the Real Estate Appraisal Division
shall serve as a member of the Board without vote.
    (h) The Board shall advise and make recommendations to the
Department on the education and experience qualifications of
any applicant for initial licensure as a State certified
general real estate appraiser or a State certified residential
real estate appraiser. The Department shall not make any
decisions concerning education or experience qualifications of
an applicant for initial licensure as a State certified general
real estate appraiser or a State certified residential real
estate appraiser without having first received the advice and
recommendation of the Board and shall give due consideration to
all such advice and recommendations; however, if the Board does
not render advice or make a recommendation within a reasonable
amount of time, then the Department may render a decision.
    (i) Except as provided in Section 15-17 of this Act, the
Board shall hear and make recommendations to the Secretary on
disciplinary matters that require a formal evidentiary
hearing. The Secretary shall give due consideration to the
recommendations of the Board involving discipline and
questions involving standards of professional conduct of
licensees.
    (j) The Department shall seek and the Board shall provide
recommendations to the Department consistent with the
provisions of this Act and for the administration and
enforcement of all rules adopted pursuant to this Act. The
Department shall give due consideration to such
recommendations prior to adopting rules.
    (k) The Department shall seek and the Board shall provide
recommendations to the Department on the approval of all
courses submitted to the Department pursuant to this Act and
the rules adopted pursuant to this Act. The Department shall
not approve any courses without having first received the
recommendation of the Board and shall give due consideration to
such recommendations prior to approving and licensing courses;
however, if the Board does not make a recommendation within a
reasonable amount of time, then the Department may approve
courses.
    (l) Each voting member of the Board shall receive a per
diem stipend in an amount to be determined by the Secretary.
Each member shall be paid his or her necessary expenses while
engaged in the performance of his or her duties.
    (m) Members of the Board shall be immune from suit in an
action based upon any disciplinary proceedings or other acts
performed in good faith as members of the Board.
    (n) If the Department disagrees with any advice or
recommendation provided by the Board under this Section to the
Secretary or the Department, then notice of such disagreement
must be provided to the Board by the Department.
    (o) Upon resolution adopted at any Board meeting, the
exercise of any Board function, power, or duty enumerated in
this Section or in subsection (d) of Section 15-10 of this Act
may be suspended. The exercise of any suspended function,
power, or duty of the Board may be reinstated by a resolution
adopted at a subsequent Board meeting. Any resolution adopted
pursuant to this Section shall take effect immediately.
(Source: P.A. 96-844, eff. 12-23-09.)
 
    (225 ILCS 458/25-15)
    (Section scheduled to be repealed on January 1, 2022)
    Sec. 25-15. Coordinator of Real Estate Appraisal;
appointment; duties. The Secretary shall appoint, subject to
the Personnel Code, a Coordinator of Real Estate Appraisal. In
appointing the Coordinator, the Secretary shall give due
consideration to recommendations made by members,
organizations, and associations of the real estate appraisal
industry. On or after January 1, 2010, the Coordinator must
hold a current, valid State certified general real estate
appraiser license. The Coordinator shall not practice or a
State certified residential real estate appraiser license,
which shall be surrendered to the Department during the term of
his or her appointment. The Coordinator must take the 30-hour
National Instructors Course on Uniform Standards of
Professional Appraisal Practice. The Coordinator Coordinator's
license shall be returned in the same status as it was on the
date of surrender, credited with all fees that came due during
his or her employment. The Coordinator shall:
        (1) serve as a member of the Real Estate Appraisal
    Administration and Disciplinary Board without vote;
        (2) be the direct liaison between the Department, the
    profession, and the real estate appraisal industry
    organizations and associations;
        (3) prepare and circulate to licensees such
    educational and informational material as the Department
    deems necessary for providing guidance or assistance to
    licensees;
        (4) appoint necessary committees to assist in the
    performance of the functions and duties of the Department
    under this Act;
        (5) (blank); and
        (6) be authorized to investigate and determine the
    facts of a complaint; the coordinator may interview
    witnesses, the complainant, and any licensees involved in
    the alleged matter and make a recommendation as to the
    findings of fact.
(Source: P.A. 96-844, eff. 12-23-09; 97-602, eff. 8-26-11.)