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225 ILCS 454/ – Real Estate License Act of 2000 | Midpage
Collections
Illinois Compiled Statutes
Regulation
Chapter 225
454
225 ILCS 454/
Real Estate License Act of 2000
1-1
Short title; Act supersedes Real Estate License Act of 1983
1-10
Definitions
1-5
Legislative intent
10-10
Disclosure of compensation
10-15
No compensation to persons in violation of Act; compensation to unlicensed persons; consumer
10-20
Sponsoring broker; employment agreement
10-25
Expiration of brokerage agreement
10-27
Disclosure of licensee status
10-30
Advertising
10-35
Internet and related advertising
10-40
Company policy
10-45
Broker price opinions and comparative market analyses
10-5
Payment of compensation
10-50
Guaranteed sales plans
10-55
Designated managing broker responsibility and supervision
15-10
Relationships between licensees and consumers
15-15
Duties of licensees representing clients
15-20
Failure to disclose information not affecting physical condition
15-25
Licensee's relationship with customers
15-30
Duties after termination of brokerage agreement
15-35
Agency relationship disclosure
15-40
Compensation does not determine agency
15-45
Dual agency
15-5
Legislative intent
15-50
Brokerage agreements; designated agency
15-55
No subagency
15-60
Vicarious liability
15-65
Regulatory enforcement
15-70
Actions for damages
15-75
Exclusive brokerage agreements
20-10
Unlicensed practice; civil penalty
20-100
Subrogation of the Department to rights of judgment creditor
20-105
Waiver of rights for failure to comply
20-110
Disciplinary actions of the Department not limited
20-115
Time limit on action
20-120
225 Ilcs 454/20-120
20-125
No private right of action
20-15
Violations
20-20.1
Citations
20-20
Nature of and grounds for discipline
20-21.1
Injunctions; cease and desist order
20-21
225 Ilcs 454/20-21
20-22
Violations
20-23
Confidentiality
20-25
Returned checks and dishonored credit card charges; fees
20-30
225 Ilcs 454/20-30
20-35
225 Ilcs 454/20-35
20-40
225 Ilcs 454/20-40
20-45
225 Ilcs 454/20-45
20-5
Index of decisions
20-50
Illegal discrimination
20-55
Illinois Administrative Procedure Act
20-60
Investigations notice and hearing
20-62
Record of proceedings; transcript
20-63
Subpoenas; depositions; oaths
20-64
Board; rehearing
20-65
Temporary suspension
20-66
Appointment of a hearing officer
20-67
Order or certified copy; prima facie proof
20-68
225 Ilcs 454/20-68
20-69
Restoration of a license
20-70
225 Ilcs 454/20-70
20-72
Secretary; rehearing
20-73
Certifications of record; costs
20-75
Administrative Review venue
20-78
225 Ilcs 454/20-78
20-80
225 Ilcs 454/20-80
20-82
Fines and penalties; Real Estate License Administration Fund; Real Estate Recovery Fund
20-85
Recovery from Real Estate Recovery Fund
20-90
Collection from Real Estate Recovery Fund; procedure
20-95
Power of the Department to defend
25-10
Real Estate Administration and Disciplinary Board; duties
25-13
Rules
25-14
225 Ilcs 454/25-14
25-15
Real Estate Coordinator; duties
25-20
Staff
25-21
225 Ilcs 454/25-21
25-25
Real Estate Research and Education Fund
25-30
Real Estate License Administration Fund; audit
25-35
Real Estate Recovery Fund
25-37
225 Ilcs 454/25-37
25-38
225 Ilcs 454/25-38
25-40
Exclusive State powers and functions; municipal powers
25-5
The Department; powers and duties
30-10
225 Ilcs 454/30-10
30-15
Licensing of education providers; approval of courses
30-20
Fees for education provider license; renewal; term
30-25
Licensing of education provider instructors
30-30
225 Ilcs 454/30-30
30-5
Licensing of real estate education providers and instructors
35-10
Money in Funds
35-5
Savings provisions
5-10
Requirements for license as a residential leasing agent; continuing education
5-15
Necessity of managing broker, broker, or residential leasing agent license; ownership restrictions
5-20
Exemptions from managing broker, broker, or residential leasing agent license requirement; Department exemption from education provider and related licenses
5-25
Good moral character
5-26
225 Ilcs 454/5-26
5-27
Requirements for licensure as a broker
5-28
Requirements for licensure as a managing broker
5-29
Temporary practice as a designated managing broker
5-30
225 Ilcs 454/5-30
5-32
Real estate auction certification
5-35
Examination; managing broker, broker, or residential leasing agent
5-40
Sponsorship; establishing and terminating sponsorship
5-41
Licensee contact information
5-45
Offices
5-46
225 Ilcs 454/5-46
5-47
225 Ilcs 454/5-47
5-5
Residential leasing agent license
5-50
Expiration and renewal of managing broker, broker, or residential leasing agent license; sponsoring broker; register of licensees
5-55
225 Ilcs 454/5-55
5-6
Social Security Number or Individual Taxpayer Identification Number on license application
5-60.1
Applications for licensure based upon reciprocal agreements
5-60.5
Managing broker licensed in another state; broker licensed in another state; endorsement requirements; agent for service of process
5-60
Managing broker licensed in another state; broker licensed in another state; reciprocal agreements; agent for service of process
5-65
Fees
5-7
Application for residential leasing agent license
5-70
Continuing education requirement; managing broker or broker
5-75
Out-of-state continuing education credit
5-80
Evidence of compliance with continuing education requirements
5-85
225 Ilcs 454/5-85
905-10
225 Ilcs 454/905-10
905-15
225 Ilcs 454/905-15
905-20
225 Ilcs 454/905-20
905-25
225 Ilcs 454/905-25
905-30
225 Ilcs 454/905-30
905-35
225 Ilcs 454/905-35
905-40
225 Ilcs 454/905-40
905-45
225 Ilcs 454/905-45
905-5
225 Ilcs 454/905-5
990-90
225 Ilcs 454/990-90
999-99
Effective date