Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE68. PROFESSIONS AND OCCUPATIONS |
PART1450. REAL ESTATE LICENSE ACT OF 2000 |
SUBPART A. GENERAL |
§ 1450.100. Definitions |
§ 1450.110. Sponsorship |
§ 1450.115. Termination of Sponsorship |
§ 1450.120. Assumed Name |
§ 1450.130. Fees |
§ 1450.140. Renewals |
§ 1450.145. Restoration |
§ 1450.150. Required Information of Applicant or Licensee |
§ 1450.160. Dual Licensure |
§ 1450.170. Exemption Under Section 5-20(1) of the Act [Repealed] |
SUBPART B. LEASING AGENT LICENSING AND EDUCATION |
§ 1450.200. Residential Leasing Agent General Provisions |
§ 1450.205. Residential Leasing Agent Pre-License Education Requirements |
§ 1450.210. Residential Leasing Agent Examination |
§ 1450.220. Application for Residential Leasing Agent License by Examination |
§ 1450.230. Leasing Agent Termination of Employment [Repealed] |
§ 1450.240. Residential Leasing Agent Permit |
§ 1450.250. Residential Leasing Agent Continuing Education |
§ 1450.260. Approved Courses, Schools and Instructors for Leasing Agents [Repealed] |
SUBPART C. LICENSING AND EDUCATION FOR SALESPERSON |
§ 1450.300. Salesperson Educational Requirements to Obtain a License [Repealed] |
§ 1450.310. Salesperson Examination [Repealed] |
§ 1450.320. Applications for Salesperson License by Examination [Repealed] |
§ 1450.330. Application for Salesperson License by Reciprocity [Repealed] |
§ 1450.340. Salesperson Continuing Education [Repealed] |
SUBPART D. BROKER LICENSING AND EDUCATION |
§ 1450.400. Broker Pre-License Education Requirements |
§ 1450.410. Broker Post-License Education Requirements |
§ 1450.420. Broker Examination |
§ 1450.430. Application for Broker License by Examination |
§ 1450.440. Application for Broker License by Reciprocity |
§ 1450.450. Broker Continuing Education |
SUBPART E. MANAGING BROKER LICENSING AND EDUCATION |
§ 1450.500. Managing Broker Pre-License Education Requirements |
§ 1450.510. Managing Broker Examination |
§ 1450.520. Application for Managing Broker License by Examination |
§ 1450.530. Application for Managing Broker License by Reciprocity |
§ 1450.540. Managing Broker Continuing Education |
§ 1450.550. Managing Broker License Transfer to Broker License |
§ 1450.560. Managing Broker Self-Sponsorship |
SUBPART F. CORPORATIONS, LIMITED LIABILITY COMPANIES, PARTNERSHIPS, LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS |
§ 1450.600. Application for Corporations, Limited Liability Companies, Partnerships, Limited Partnerships and Limited Liability Partnerships Licenses |
§ 1450.610. Place of Business; Office and Virtual Office Requirements |
SUBPART G. COMPENSATION AND BUSINESS PRACTICES |
§ 1450.700. Sponsoring Broker Responsibilities |
§ 1450.705. Designated Managing Broker Responsibilities and Supervision |
§ 1450.710. Discrimination |
§ 1450.715. Advertising |
§ 1450.720. Digital or Electronic Advertising and Communication |
§ 1450.725. Office Identification |
§ 1450.730. Office Registry Requirements |
§ 1450.735. Employment or Independent Contractor Agreements |
§ 1450.740. Unlicensed Assistants |
§ 1450.745. Business Entity for Direct Payment of Compensation |
§ 1450.750. Special Accounts |
§ 1450.755. Recordkeeping |
§ 1450.760. Disclosure of Compensation |
§ 1450.765. Disclosure of Licensee Status |
§ 1450.770. Brokerage Agreements and Listing Agreements |
§ 1450.775. Written Agreements |
§ 1450.780. Referral Fees and Affinity Relationships |
§ 1450.785. Rental Finding Services |
§ 1450.790. Broker Price Opinions and Comparative Market Analyses |
SUBPART H. AGENCY RELATIONSHIPS |
§ 1450.800. Confidentiality |
§ 1450.810. Failure to Disclose Information Not Affecting Physical Condition of Real Estate |
§ 1450.820. Dual Agency Prohibition |
§ 1450.830. Disclosure of Contemporaneous Offers |
SUBPART I. DISCIPLINE RULES AND PROCEDURES |
§ 1450.900. Unprofessional Conduct |
§ 1450.905. Temporary Suspension |
§ 1450.910. Non-Disciplinary Action |
§ 1450.915. Suspension or Revocation of a Sponsoring Broker or Designated Managing Broker License |
§ 1450.920. Inspections and Audits |
§ 1450.925. Audits of Special Funds by Outside Auditors [Repealed] |
§ 1450.930. Case File Review Committee |
§ 1450.935. Peer Review Advisor |
§ 1450.940. Rules of Practice in Administrative Hearings |
§ 1450.945. Real Estate Recovery Fund |
§ 1450.950. Automatic Revocation Upon Order for Payment from the Real Estate Recovery Fund [Repealed] |
§ 1450.955. Nonbinding Advisory Opinions [Repealed] |
§ 1450.960. Citations for Non-Compliance with Continuing Education Requirements |
SUBPART J. GRANTING VARIANCES |
§ 1450.1000. Granting Variances |
SUBPART K. EDUCATION PROVIDERS, INSTRUCTORS, AND COURSE APPROVAL |
§ 1450.1100. Application for Education Provider License and Other Requirements |
§ 1450.1105. Application for Pre-License and Post-License Courses |
§ 1450.1110. Application for Education Provider and Course License Renewal |
§ 1450.1115. Application for Pre-License Instructor License |
§ 1450.1120. Administration of Proficiency Examinations and Eligibility to Take the Proficiency Exam and Transition Courses [Repealed] |
§ 1450.1125. Pre-License Instructor License Renewal and Restoration |
§ 1450.1130. Application for Continuing Education School License and Other Requirements [Repealed] |
§ 1450.1135. Application for Continuing Education Courses and Curriculum |
§ 1450.1137. Authorization for Third Party Designees to Review Courses |
§ 1450.1140. Application for Continuing Education School and Course License Renewal [Repealed] |
§ 1450.1145. Application for Continuing Education Instructor License |
§ 1450.1150. Continuing Education Instructor License Renewal and Restoration |
§ 1450.1155. Correspondence or Home Study Courses |
§ 1450.1160. Recruitment |
§ 1450.1165. Discipline of Education Providers, Instructors and Courses |
§ 1450.1170. Real Estate Education Advisory Council [Repealed] |
§ 1450.1175. Waiver of Final Examination Requirements for Certain Education Delivery Methods |
§ 1450.1180. Proctor Standards |
SUBPART L. CONTINUING EDUCATION TRANSITIONAL PROVISIONS |
§ 1450.1200. Continuing Education Requirements for Transitioned Licensees [Repealed] |
§ 1450.1205. Continuing Education Schools and Courses [Repealed] |
§ 1450.1210. Credit for Continuing Education Courses [Repealed] |
§ 1450.1215. Pre-license Schools and Courses [Repealed] |
§ 1450.1220. Education Provider, Course and Instructor Transition [Repealed] |
SUBPART M. REAL ESTATE AUCTION CERTIFICATION |
§ 1450.1300. Real Estate Auction Pre-Certification Education |
§ 1450.1310. Application for Real Estate Auction Certification |
§ 1450.1320. Real Estate Auction Certification Activities |
SOURCE: Rules and Regulations for the Administration of the Real Estate Brokers and Salesmen License Act (General Rules), effective December 4, 1974; Rules and Regulations for the Administration of the Real Estate Brokers and Salesmen License Act (School Rules), effective July 29, 1974; amended at 3 Ill. Reg. 885, effective February 2, 1979; amended at 4 Ill. Reg. 195, effective August 12, 1980; amended at 5 Ill. Reg. 5343, effective May 6, 1981; amended at 5 Ill. Reg. 8541, effective August 10, 1981; codified at 5 Ill. Reg. 11064; emergency amendment at 6 Ill. Reg. 916, effective January 6, 1982, for a maximum of 150 days; emergency amendment at 6 Ill. Reg. 2406, effective February 3, 1982, for a maximum of 150 days; amended at 6 Ill. Reg. 8221, effective July 1, 1982; amended at 9 Ill. Reg. 341, effective January 3, 1985; transferred from Chapter I, 68 Ill. Adm. Code 450 (Department of Registration and Education) to Chapter VII, 68 Ill. Adm. Code 1450 (Department of Professional Regulation) pursuant to PA 85-225, effective January 1, 1988, at 12 Ill. Reg. 2977; amended at 12 Ill. Reg. 8036, effective April 26, 1988; amended at 15 Ill. Reg. 10416, effective July 1, 1991; amended at 16 Ill. Reg. 3204, effective February 14, 1992; emergency amendment at 19 Ill. Reg. 12003, effective August 8, 1995, for a maximum of 150 days; amended at 19 Ill. Reg. 16623, effective December 1, 1995; amended at 20 Ill. Reg. 6492, effective April 30, 1996; recodified from Chapter VII, Department of Professional Regulation, to Chapter VIII, Office of Banks and Real Estate, pursuant to PA 89-23 and PA 89-508 at 20 Ill. Reg. 11984; amended at 21 Ill. Reg. 3602, effective March 7, 1997; amended at 21 Ill. Reg. 8350, effective June 30, 1997; old Part repealed and new Part adopted by emergency rulemaking at 24 Ill. Reg. 704, effective January 1, 2000, for a maximum of 150 days; old Part repealed and new Part adopted at 24 Ill. Reg. 8263, effective May 30, 2000; amended at 27 Ill. Reg. 12018, effective July 9, 2003; amended at 28 Ill. Reg. 2141, effective January 22, 2004; amended at 30 Ill. Reg. 11075, effective June 8, 2006; amended at 32 Ill. Reg. 6503, effective April 2, 2008; former Part repealed at 35 Ill. Reg. 5414 and new Part adopted at 35 Ill. Reg. 5418, effective March 21, 2011; amended at 40 Ill. Reg. 12588, effective September 2, 2016; amended at 41 Ill. Reg. 12561, effective October 6, 2017; amended at 42 Ill. Reg. 4582, effective March 9, 2018; Subpart K recodified at 42 Ill. Reg. 16946; amended at 43 Ill. Reg. 1975, effective January 25, 2019; amended at 45 Ill. Reg. 2851, effective February 23, 2021; amended at 48 Ill. Reg. 851, effective January 1, 2024.
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Notation
AUTHORITY: Implementing the Real Estate License Act of 2000 [225 ILCS 454] and authorized by Section 2105-15(7) of the Civil Administrative Code of Illinois (Department of Professional Regulation Law) [20 ILCS 2105].