1. a) A licensed auctioneer with a real estate auction certification, who is not otherwise exempt from holding a broker or managing broker license under Section 5-20(13) of the Act, performing activities related to the auction of real estate shall be limited to:
2. 1) Establishing the time of the real estate auction;
3. 2) Establishing the place of the real estate auction;

4. 3) Establishing the method of the real estate auction;

   1. 4) Placing proper advertisements regarding the real estate auction as set forth in Sections 1450.715 and 1450.720; and

5. 5) Crying or calling the real estate auction.

   1. b) A licensed auctioneer exempt from holding a broker or managing broker license under Section 5-20(13) of the Act who is performing activities related to the auction of real estate shall be limited to:
6. 1) Establishing the time of the real estate auction;
7. 2) Establishing the place of the real estate auction;

8. 3) Establishing the method of the real estate auction;

   1. 4) Placing proper advertisements regarding the real estate auction as set forth in Sections 1450.715 and 1450.720;

9. 5) Crying or calling the real estate auction; and

   1. 6) Selling or leasing real estate at auction.
   2. c) As set forth in Section 5-32 of the Act, the Department may revoke, suspend, or otherwise discipline the real estate auction certification of a licensed auctioneer who violates Section 5-32 of the Act or Section 20-15 of the Auction License Act [225 ILCS 407].

(Source: Amended at 49 Ill. Reg. 9512, effective July 7, 2025)