Bill Text: IL SB2693 | 2023-2024 | 103rd General Assembly | Introduced
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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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Real Estate Appraiser Licensing Act of 2002 | |||||||||||||||||||
5 | is amended by changing Section 5-10 as follows:
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6 | (225 ILCS 458/5-10) | |||||||||||||||||||
7 | (Section scheduled to be repealed on January 1, 2027) | |||||||||||||||||||
8 | Sec. 5-10. Application for State certified general real | |||||||||||||||||||
9 | estate appraiser. | |||||||||||||||||||
10 | (a) Every person who desires to obtain a State certified | |||||||||||||||||||
11 | general real estate appraiser license shall: | |||||||||||||||||||
12 | (1) apply to the Department on forms provided by the | |||||||||||||||||||
13 | Department, or through a multi-state licensing system as | |||||||||||||||||||
14 | designated by the Secretary, accompanied by the required | |||||||||||||||||||
15 | fee; | |||||||||||||||||||
16 | (2) be at least 18 years of age; | |||||||||||||||||||
17 | (3) (blank); | |||||||||||||||||||
18 | (4) personally take and pass an examination authorized | |||||||||||||||||||
19 | by the Department and endorsed by the AQB; | |||||||||||||||||||
20 | (5) prior to taking the examination, provide evidence | |||||||||||||||||||
21 | to the Department, or through a multi-state licensing | |||||||||||||||||||
22 | system as designated by the Secretary, of successful | |||||||||||||||||||
23 | completion of the prerequisite classroom hours of |
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