§1450.1300. Real Estate Auction Pre-Certification Education

a)         The 30-hour real estate certification course set forth in Section 5-32 of the Act shall include the following:

 

1)         18 hours relating to real estate including the following topics:

 

A)        Illinois and federal statutes and rules governing real estate;

 

B)        Agency;

 

C)        Real estate advertising; and

 

D)        Any other subject matter recommended by the Division.

 

2)         12 hours relating to auctions including the following topics:

 

A)        Illinois and federal statutes and rules governing auctions;

 

B)        Auction advertising; and

 

C)        Any other subject matter recommended by the Division.

 

b)         The 30-hour real estate auction certification course may be completed in a classroom, by interactive webinar, or by an online distance education course.

 

c)         The Division may consider the recommendation of the Board regarding the 30-hour real estate auction certification course curriculum. 

 

(Source:  Amended at 45 Ill. Reg. 2851, effective February 23, 2021)