Illinois House Bill 5209 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Real Estate License Act of 2000. Removes provisions relating to sponsor cards issued by sponsoring brokers to managing brokers, brokers, or leasing agents. Adds provisions requiring a sponsoring broker to notify the Department of Financial and Professional Regulation within 24 hours of a sponsorship of a licensee in a manner provided by rule. When a licensee's employment with a sponsoring broker is terminated, requires the licensee and sponsoring broker to notify the Department of the termination within 24 hours in a manner provided by rule. Provides that the failure to provide that notification shall subject the sponsoring broker or licensee to discipline. Adds provisions regarding the Department's recognition of a sponsorship by a sponsoring broker. Makes conforming and other changes. Effective immediately.

REAL ESTATE ACT-SPONSOR CARDS

Rep. Tom Demmer [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2018-04-13	House	Rule 19(a) / Re-referred to Rules Committee
2018-03-21	House	Assigned to Business & Occupational Licenses Committee
2018-02-16	House	Referred to Rules Committee
2018-02-16	House	First Reading
2018-02-15	House	Filed with the Clerk by Rep. Tom Demmer

Chapter	Article	Section	Citation Type	Statute Text
225	454	1-10	Amended Code	Citation Text
225	454	20-20	Amended Code	Citation Text
225	454	5-10	Amended Code	Citation Text
225	454	5-15	Amended Code	Citation Text
225	454	5-27	Amended Code	Citation Text
225	454	5-28	Amended Code	Citation Text
225	454	5-40	Amended Code	Citation Text
225	454	5-50	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5209&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5209.htm