Bill Text: IL HB0596 | 2013-2014 | 98th General Assembly | Amended
Bill Title: Amends the Illinois Athletic Trainers Practice Act. Makes a technical change in a Section concerning the short title.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB0596 Detail]
Download: Illinois-2013-HB0596-Amended.html
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1 | AMENDMENT TO HOUSE BILL 596
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2 | AMENDMENT NO. ______. Amend House Bill 596 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Real Estate Appraiser Licensing Act of 2002 | ||||||
5 | is amended by changing Section 5-5 as follows:
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6 | (225 ILCS 458/5-5)
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7 | (Section scheduled to be repealed on January 1, 2022)
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8 | Sec. 5-5. Necessity of license; use of title; exemptions.
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9 | (a) It
is unlawful for a person to (i) act, offer services, | ||||||
10 | or advertise services
as a State certified general real estate
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11 | appraiser, State certified residential real estate appraiser, | ||||||
12 | or associate real estate trainee appraiser, (ii)
develop a real | ||||||
13 | estate appraisal,
(iii)
practice as a real estate
appraiser, or | ||||||
14 | (iv)
advertise or hold himself or herself out to be a real | ||||||
15 | estate
appraiser
without a license issued under this Act. A | ||||||
16 | person who
violates this subsection is
guilty of a Class A |
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1 | misdemeanor for a first offense and a Class 4 felony for any | ||||||
2 | subsequent offense.
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3 | (a-5) It is unlawful for a person, unless registered as an | ||||||
4 | appraisal management company, to solicit clients or enter into | ||||||
5 | an appraisal engagement with clients without either a certified | ||||||
6 | residential real estate appraiser license or a certified | ||||||
7 | general real estate appraiser license issued under this Act. A | ||||||
8 | person who violates this subsection is guilty of a Class A | ||||||
9 | misdemeanor for a first offense and a Class 4 felony for any | ||||||
10 | subsequent offense. | ||||||
11 | (b) It
is unlawful for a person, other than a
person who | ||||||
12 | holds a valid license issued pursuant to this
Act as a State | ||||||
13 | certified general real estate appraiser, a
State
certified
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14 | residential real estate appraiser,
or an associate real estate | ||||||
15 | trainee appraiser to use these titles or any other title, | ||||||
16 | designation, or
abbreviation likely to create the
impression | ||||||
17 | that the person is licensed as a real estate appraiser pursuant | ||||||
18 | to
this Act. A person who
violates this subsection is guilty of | ||||||
19 | a Class A misdemeanor for a first offense and a Class 4 felony | ||||||
20 | for any subsequent offense.
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21 | (c)
The licensing requirements of this Act
do not
require a | ||||||
22 | person who holds a
valid license pursuant to the Real Estate | ||||||
23 | License Act of 2000, to be licensed
as a real estate appraiser
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24 | under this Act,
unless that person is
providing
or attempting | ||||||
25 | to provide an appraisal report, as defined in Section
1-10 of | ||||||
26 | this Act, in connection with a federally-related transaction. |
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1 | Nothing in this Act shall prohibit a person who holds a valid | ||||||
2 | license under the Real Estate License Act of 2000 from | ||||||
3 | performing a comparative market analysis or broker price | ||||||
4 | opinion for compensation, provided that the person does not | ||||||
5 | hold himself out as being a licensed real estate appraiser. | ||||||
6 | (d) Nothing in this Act shall preclude a State certified | ||||||
7 | general real estate appraiser, a State certified residential | ||||||
8 | real estate appraiser, or an associate real estate trainee | ||||||
9 | appraiser from rendering appraisals for or on behalf of a | ||||||
10 | partnership, association, corporation, firm, or group. | ||||||
11 | However, no State appraisal license or certification shall be | ||||||
12 | issued under this Act to a partnership, association, | ||||||
13 | corporation, firm, or group.
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14 | (e) This Act does not apply to a county assessor, township | ||||||
15 | assessor, multi-township assessor, county supervisor of | ||||||
16 | assessments, or any deputy or employee of any county assessor, | ||||||
17 | township assessor, multi-township assessor, or county | ||||||
18 | supervisor of assessments or any employee of the Department of | ||||||
19 | Revenue who is performing his or her respective duties in | ||||||
20 | accordance with the provisions of the Property Tax Code.
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21 | (e-5) For the purposes of this Act, the following types of | ||||||
22 | valuations are not appraisals and may not be represented to be | ||||||
23 | appraisals, and a license is not required under this Act to
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24 | perform such valuations if the valuations are performed by an | ||||||
25 | employee of the Illinois Department of Transportation or an | ||||||
26 | employee of a county: |
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1 | (1) a valuation waiver in an amount not to exceed | ||||||
2 | $10,000 prepared pursuant to the federal Uniform | ||||||
3 | Relocation Assistance and Real Property Acquisition | ||||||
4 | Policies Act of 1970, as
amended; or | ||||||
5 | (2) a valuation waiver in an amount not to exceed | ||||||
6 | $10,000 prepared pursuant to the federal Uniform | ||||||
7 | Relocation Assistance and Real Property Acquisition for | ||||||
8 | Federal and
Federally-Assisted Programs regulations. | ||||||
9 | Nothing in this subsection (e-5) shall be construed to | ||||||
10 | allow the State of Illinois, a political subdivision thereof, | ||||||
11 | or any public body to acquire real estate by eminent domain in | ||||||
12 | any manner
other than provided for in the Eminent Domain Act. | ||||||
13 | (f) A State real estate appraisal certification or license | ||||||
14 | is not required under this Act for any of the following: | ||||||
15 | (1) A person, partnership, association, or corporation | ||||||
16 | that performs appraisals of property owned by that person, | ||||||
17 | partnership, association, or corporation for the sole use | ||||||
18 | of that person, partnership, association, or corporation. | ||||||
19 | (2) A court-appointed commissioner who conducts an | ||||||
20 | appraisal pursuant to a judicially ordered evaluation of | ||||||
21 | property. | ||||||
22 | However, any person who is certified or licensed under this Act | ||||||
23 | and who performs any of the activities set forth in this | ||||||
24 | subsection (f) must comply with the provisions of this Act. A | ||||||
25 | person who violates this subsection (f) is guilty of a Class A | ||||||
26 | misdemeanor for a first offense and a Class 4 felony for any |
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1 | subsequent offense. | ||||||
2 | (g) This Act does not apply to an employee, officer, | ||||||
3 | director, or member of a credit or loan committee of a | ||||||
4 | financial institution or any other person engaged by a | ||||||
5 | financial institution when performing an evaluation of real | ||||||
6 | property for the sole use of the financial institution in a | ||||||
7 | transaction for which the financial institution would not be | ||||||
8 | required to use the services of a State licensed or State | ||||||
9 | certified appraiser pursuant to federal regulations adopted | ||||||
10 | under Title XI of the federal Financial Institutions Reform, | ||||||
11 | Recovery, and Enforcement Act of 1989, nor does this Act apply | ||||||
12 | to the procurement of an automated valuation model. | ||||||
13 | "Automated valuation model" means an automated system that | ||||||
14 | is used to derive a property value through the use of publicly | ||||||
15 | available property records and various analytic methodologies | ||||||
16 | such as comparable sales prices, home characteristics, and | ||||||
17 | historical home price appreciations.
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18 | (Source: P.A. 96-844, eff. 12-23-09; 97-602, eff. 8-26-11.)
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19 | Section 99. Effective date. This Act takes effect upon | ||||||
20 | becoming law.".
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