Bill Text: IL SB2693 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Real Estate Appraiser Licensing Act of 2002. Provides that the Department of Financial and Professional Regulation may determine that an individual qualifies for licensure as a certified general real estate appraiser if he or she has worked as an associate real estate trainee appraiser for a specified number of years as determined by the Department. Provides that the Department may adopt rules to implement this provision.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-04-11 - Added as Co-Sponsor Sen. Elgie R. Sims, Jr. [SB2693 Detail]

Download: Illinois-2023-SB2693-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2693 Introduced 1/10/2024, by Sen. Bill Cunningham SYNOPSIS AS INTRODUCED:
225 ILCS 458/5-10
Amends the Real Estate Appraiser Licensing Act of 2002. Provides that the Department of Financial and Professional Regulation may determine that an individual qualifies for licensure as a certified general real estate appraiser if he or she has worked as an associate real estate trainee appraiser for a specified number of years as determined by the Department. Provides that the Department may adopt rules to implement this provision.
LRB103 36083 SPS 66172 b
A BILL FOR
SB2693 LRB103 36083 SPS 66172 b
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 Section 5-10 as follows:
(225 ILCS 458/5-10)
(Section scheduled to be repealed on January 1, 2027)
Sec. 5-10. Application for State certified general real
estate appraiser.
(a) Every person who desires to obtain a State certified
general real estate appraiser license shall:
(1) apply to the Department on forms provided by the
Department, or through a multi-state licensing system as
designated by the Secretary, accompanied by the required
fee;
(2) be at least 18 years of age;
(3) (blank);
(4) personally take and pass an examination authorized
by the Department and endorsed by the AQB;
(5) prior to taking the examination, provide evidence
to the Department, or through a multi-state licensing
system as designated by the Secretary, of successful
completion of the prerequisite classroom hours of

SB2693 - 2 - LRB103 36083 SPS 66172 b