Bill Text: IL HB5502 | 2017-2018 | 100th General Assembly | Engrossed

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Bill Title: Amends the Real Estate Appraiser Licensing Act of 2002. Removes language providing that an associate real estate trainee appraiser license may not be renewed more than 2 times and language providing that an applicant for an associate real estate trainee appraiser license shall personally take and pass an examination authorized by the Department of Financial and Professional Regulation.

Spectrum: Slight Partisan Bill (Democrat 5-3)

Status: (Passed) 2018-08-13 - Public Act . . . . . . . . . 100-0832 [HB5502 Detail]

Download: Illinois-2017-HB5502-Engrossed.html

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AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Real Estate Appraiser Licensing Act of 2002
is amended by changing Sections 5-20 and 5-25 as follows:
(225 ILCS 458/5-20)
(Section scheduled to be repealed on January 1, 2022)
Sec. 5-20. Application for associate real estate trainee
appraiser. Every person who desires to obtain an associate real
estate trainee appraiser license shall:
(1) apply to the Department on forms provided by the
Department accompanied by the required fee;
(2) be at least 18 years of age;
(3) provide evidence of having attained a high school
diploma or completed an equivalent course of study as
determined by an examination conducted or accepted by the
Illinois State Board of Education;
(4) (blank); and personally take and pass an
examination authorized by the Department; and
(5) prior to taking the examination, provide evidence
to the Department that he or she has successfully completed
the prerequisite qualifying and any conditional education
requirements as established by rule.

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(Source: P.A. 98-1109, eff. 1-1-15.)
(225 ILCS 458/5-25)
(Section scheduled to be repealed on January 1, 2022)
Sec. 5-25. Renewal of license.
(a) The expiration date and renewal period for a State
certified general real estate appraiser license or a State
certified residential real estate appraiser license issued
under this Act shall be set by rule. Except as otherwise
provided in subsections (b) and (f) of this Section, the holder
of a license may renew the license within 90 days preceding the
expiration date by:
(1) completing and submitting to the Department a
renewal application form as provided by the Department;
(2) paying the required fees; and
(3) providing evidence of successful completion of the
continuing education requirements through courses approved
by the Department from education providers licensed by the
Department, as established by the AQB and by rule.
(b) A State certified general real estate appraiser or
State certified residential real estate appraiser whose
license under this Act has expired may renew the license for a
period of 2 years following the expiration date by complying
with the requirements of paragraphs (1), (2), and (3) of
subsection (a) of this Section and paying any late penalties
established by rule.

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(c) (Blank).
(d) The expiration date and renewal period for an associate
real estate trainee appraiser license issued under this Act
shall be set by rule. Except as otherwise provided in
subsections (e) and (f) of this Section, the holder of an
associate real estate appraiser license may renew the license
within 90 days preceding the expiration date by:
(1) completing and submitting to the Department a
renewal application form as provided by the Department;
(2) paying the required fees; and
(3) providing evidence of successful completion of the
continuing education requirements through courses approved
by the Department from education providers approved by the
Department, as established by rule.
(e) Any associate real estate appraiser trainee whose
license under this Act has expired may renew the license for a
period of 2 years following the expiration date by complying
with the requirements of paragraphs (1), (2), and (3) of
subsection (d) of this Section and paying any late penalties as
established by rule. An associate real estate trainee appraiser
license may not be renewed more than 2 times.
(f) Notwithstanding subsections (c) and (e), an appraiser
whose license under this Act has expired may renew or convert
the license without paying any lapsed renewal fees or late
penalties if the license expired while the appraiser was:
(1) on active duty with the United States Armed

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Services;
(2) serving as the Coordinator of Real Estate Appraisal
or an employee of the Department who was required to
surrender his or her license during the term of employment.
Application for renewal must be made within 2 years
following the termination of the military service or related
education, training, or employment. The licensee shall furnish
the Department with an affidavit that he or she was so engaged.
(g) The Department shall provide reasonable care and due
diligence to ensure that each licensee under this Act is
provided with a renewal application at least 90 days prior to
the expiration date, but each licensee is responsible to timely
renew or convert his or her license prior to its expiration
date.
(Source: P.A. 96-844, eff. 12-23-09.)