Chapter 225 — PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS

(225 ILCS 450/8.05) (Section scheduled to be repealed on January 1, 2029) Sec. 8.05. Accountancy activities. (a) Accountancy activities are services performed by a CPA, including: (1) signing, affixing, or associating the names used by a person or CPA firm to any report expressin…

(225 ILCS 450/9) (from Ch. 111, par. 5510) (Section scheduled to be repealed on January 1, 2029) Sec. 9. Unlicensed practice; violation; civil penalty. (a) Offering, attempting, or holding oneself out to practice as a licensed CPA or a registered CPA in this State without being l…

(225 ILCS 450/9.01) Sec. 9.01. (Repealed). (Source: P.A. 95-386, eff. 1-1-08. Repealed by P.A. 98-254, eff. 8-9-13.)

(225 ILCS 450/9.02) Sec. 9.02. (Repealed). (Source: P.A. 95-386, eff. 1-1-08. Repealed by P.A. 98-254, eff. 8-9-13.)

(225 ILCS 450/9.1) Sec. 9.1. (Repealed). (Source: P.A. 93-683, eff. 7-2-04. Repealed by P.A. 95-386, eff. 1-1-08.)

(225 ILCS 450/9.2) (from Ch. 111, par. 5510.2) (Section scheduled to be repealed on January 1, 2029) Sec. 9.2. Powers and duties of the Department. (a) The Department shall exercise the powers and duties prescribed by "The Civil Administrative Code of Illinois" for the administra…

(225 ILCS 450/9.3) (Section scheduled to be repealed on January 1, 2029) Sec. 9.3. Sharing of information. Notwithstanding any other provision of this Act, for the purpose of carrying out the duties and responsibilities of the Board and the Department under this Act and to effect…

(225 ILCS 454/1-1) (Section scheduled to be repealed on January 1, 2030) Sec. 1-1. Short title; Act supersedes Real Estate License Act of 1983. This Act shall be known and may be cited as the Real Estate License Act of 2000, and it shall supersede the Real Estate License Act of 1…

(225 ILCS 454/1-10) (Section scheduled to be repealed on January 1, 2030) Sec. 1-10. Definitions. In this Act, unless the context otherwise requires: "Act" means the Real Estate License Act of 2000. "Address of record" means the designated address recorded by the Department in th…

(225 ILCS 454/1-5) (Section scheduled to be repealed on January 1, 2030) Sec. 1-5. Legislative intent. The intent of the General Assembly in enacting this statute is to evaluate the competency of persons engaged in the real estate profession and to regulate their activities for t…

(225 ILCS 454/10-10) (Section scheduled to be repealed on January 1, 2030) Sec. 10-10. Disclosure of compensation. (a) A licensee must disclose to a client the sponsoring broker's compensation policy, including the terms of compensation and any amounts offered to cooperating brok…

(225 ILCS 454/10-15) (Section scheduled to be repealed on January 1, 2030) Sec. 10-15. No compensation to persons in violation of Act; compensation to unlicensed persons; consumer. (a) No compensation may be paid to any unlicensed person in exchange for the person performing lice…

(225 ILCS 454/10-20) (Section scheduled to be repealed on January 1, 2030) Sec. 10-20. Sponsoring broker; employment agreement. (a) A licensee may perform activities as a licensee only for the licensee's sponsoring broker. A licensee must have only one sponsoring broker at any on…

(225 ILCS 454/10-25) (Section scheduled to be repealed on January 1, 2030) Sec. 10-25. Expiration of brokerage agreement. No licensee shall obtain any written brokerage agreement that does not either provide for automatic expiration within a definite period of time, and if longer…

(225 ILCS 454/10-27) (Section scheduled to be repealed on January 1, 2030) Sec. 10-27. Disclosure of licensee status. Each licensee shall disclose, in writing, his or her status as a licensee to all parties in a transaction when the licensee is selling, leasing, or purchasing any…

(225 ILCS 454/10-30) (Section scheduled to be repealed on January 1, 2030) Sec. 10-30. Advertising. (a) No advertising, whether in print, via the Internet, or through social media, digital forums, or any other media, shall be fraudulent, deceptive, inherently misleading, or prove…

(225 ILCS 454/10-35) (Section scheduled to be repealed on January 1, 2030) Sec. 10-35. Internet and related advertising. (a) Licensees intending to sell or share consumer information gathered from or through the Internet or other electronic communication media, including, but not…

(225 ILCS 454/10-40) (Section scheduled to be repealed on January 1, 2030) Sec. 10-40. Company policy. Every brokerage company or entity, other than a sole proprietorship with no other sponsored licensees, shall adopt a company or office policy dealing with topics such as: (1) th…

(225 ILCS 454/10-45) (Section scheduled to be repealed on January 1, 2030) Sec. 10-45. Broker price opinions and comparative market analyses. (a) A broker price opinion or comparative market analysis may be prepared or provided by a real estate broker or managing broker for any o…

(225 ILCS 454/10-5) (Section scheduled to be repealed on January 1, 2030) Sec. 10-5. Payment of compensation. (a) No licensee shall pay compensation directly to a licensee sponsored by another sponsoring broker for the performance of licensed activities. No licensee sponsored by …

(225 ILCS 454/10-50) (Section scheduled to be repealed on January 1, 2030) Sec. 10-50. Guaranteed sales plans. (a) As used in this Section, a "guaranteed sales plan" means a real estate purchase or sales plan whereby a licensee enters into one or more conditional or unconditional…

(225 ILCS 454/10-55) (Section scheduled to be repealed on January 1, 2030) Sec. 10-55. Designated managing broker responsibility and supervision. (a) A designated managing broker shall be responsible for the supervision of all licensees associated with a designated managing broke…

(225 ILCS 454/15-10) (Section scheduled to be repealed on January 1, 2030) Sec. 15-10. Relationships between licensees and consumers. Licensees shall be considered to be representing the consumer they are working with as a designated agent for the consumer unless there is a writt…

(225 ILCS 454/15-15) (Section scheduled to be repealed on January 1, 2030) Sec. 15-15. Duties of licensees representing clients. (a) A licensee representing a client shall: (1) Perform the terms of the brokerage agreement between a broker and the client. (2) Promote the best inte…

(225 ILCS 454/15-20) (Section scheduled to be repealed on January 1, 2030) Sec. 15-20. Failure to disclose information not affecting physical condition. No cause of action shall arise against a licensee for the failure to disclose: (i) that an occupant of the property was afflict…

(225 ILCS 454/15-25) (Section scheduled to be repealed on January 1, 2030) Sec. 15-25. Licensee's relationship with customers. Licensees shall treat all customers honestly and shall not negligently or knowingly give them false information. A licensee engaged by a seller client sh…

(225 ILCS 454/15-30) (Section scheduled to be repealed on January 1, 2030) Sec. 15-30. Duties after termination of brokerage agreement. Except as may be provided in a written agreement between the broker and the client, neither a sponsoring broker nor any licensee affiliated with…

(225 ILCS 454/15-35) (Section scheduled to be repealed on January 1, 2030) Sec. 15-35. Agency relationship disclosure. (a) A licensee acting as a designated agent shall advise a consumer in writing, no later than beginning to work as a designated agent on behalf of the consumer, …

(225 ILCS 454/15-40) (Section scheduled to be repealed on January 1, 2030) Sec. 15-40. Compensation does not determine agency. Compensation does not determine agency relationship. The payment or promise of payment of compensation to a licensee is not determinative of whether an a…

(225 ILCS 454/15-45) (Section scheduled to be repealed on January 1, 2030) Sec. 15-45. Dual agency. (a) An individual licensee may act as a dual agent or a sponsoring broker may permit one or more of its sponsored licensees to act as dual agents in the same transaction only with …

(225 ILCS 454/15-5) (Section scheduled to be repealed on January 1, 2030) Sec. 15-5. Legislative intent. (a) The General Assembly finds that application of the common law of agency to the relationships among licensees under this Act and consumers of real estate brokerage services…

(225 ILCS 454/15-50) (Section scheduled to be repealed on January 1, 2030) Sec. 15-50. Brokerage agreements; designated agency. (a) A sponsoring broker entering into a brokerage relationship with any person for the listing of property or for the purpose of representing any person…

(225 ILCS 454/15-55) (Section scheduled to be repealed on January 1, 2030) Sec. 15-55. No subagency. A broker is not considered to be a subagent of a client of another broker solely by reason of membership or other affiliation by the brokers in a multiple listing service or other…

(225 ILCS 454/15-60) (Section scheduled to be repealed on January 1, 2030) Sec. 15-60. Vicarious liability. A consumer shall not be vicariously liable for the acts or omissions of a licensee in providing licensed activities for or on behalf of the consumer. (Source: P.A. 91-245, …

(225 ILCS 454/15-65) (Section scheduled to be repealed on January 1, 2030) Sec. 15-65. Regulatory enforcement. Nothing contained in this Article limits the Department in its regulation of licensees under other Articles of this Act and the substantive rules adopted by the Departme…

(225 ILCS 454/15-70) (Section scheduled to be repealed on January 1, 2030) Sec. 15-70. Actions for damages. (a) In any action brought under this Article 15, the court may, in its discretion, award only actual damages and court costs or grant injunctive relief, when appropriate. (…

(225 ILCS 454/15-75) (Section scheduled to be repealed on January 1, 2030) Sec. 15-75. Exclusive brokerage agreements. All exclusive brokerage agreements must be in writing and specify that the sponsoring broker, through one or more sponsored licensees, must provide, at a minimum…

(225 ILCS 454/20-10) (Section scheduled to be repealed on January 1, 2030) Sec. 20-10. Unlicensed practice; civil penalty. (a) Any person who practices, offers to practice, attempts to practice, or holds oneself out to practice as a managing broker, broker, or residential leasing…

(225 ILCS 454/20-100) (Section scheduled to be repealed on January 1, 2030) Sec. 20-100. Subrogation of the Department to rights of judgment creditor. When, upon the order of the court, the Department has paid from the Real Estate Recovery Fund any sum to the judgment creditor, t…

(225 ILCS 454/20-105) (Section scheduled to be repealed on January 1, 2030) Sec. 20-105. Waiver of rights for failure to comply. The failure of an aggrieved person to comply with this Act relating to the Real Estate Recovery Fund shall constitute a waiver of any rights under Sect…

(225 ILCS 454/20-110) (Section scheduled to be repealed on January 1, 2030) Sec. 20-110. Disciplinary actions of the Department not limited. Nothing contained in Sections 20-82 through 20-100 of this Act limits the authority of the Department to take disciplinary action against a…

(225 ILCS 454/20-115) (Section scheduled to be repealed on January 1, 2030) Sec. 20-115. Time limit on action. No action may be taken by the Department against any person for violation of the terms of this Act or its rules unless the action is commenced within 5 years after the o…

(225 ILCS 454/20-120) Sec. 20-120. (Repealed). (Source: P.A. 91-245, eff. 12-31-99. Repealed by P.A. 96-856, eff. 12-31-09.)

(225 ILCS 454/20-125) (Section scheduled to be repealed on January 1, 2030) Sec. 20-125. No private right of action. Except as otherwise expressly provided for in this Act, nothing in this Act shall be construed to grant to any person a private right of action for damages or to e…

(225 ILCS 454/20-15) (Section scheduled to be repealed on January 1, 2030) Sec. 20-15. Violations. The commission of a single act prohibited by this Act or prohibited by the rules adopted under this Act or a violation of a disciplinary order issued under this Act constitutes a vi…

(225 ILCS 454/20-20) (Section scheduled to be repealed on January 1, 2030) Sec. 20-20. Nature of and grounds for discipline. (a) The Department may refuse to issue or renew a license, may place on probation, suspend, or revoke any license, reprimand, or take any other disciplinar…

(225 ILCS 454/20-20.1) (Section scheduled to be repealed on January 1, 2030) Sec. 20-20.1. Citations. (a) The Department may adopt rules to permit the issuance of citations to any licensee for failure to comply with the continuing education and post-license education requirements…

(225 ILCS 454/20-21) Sec. 20-21. (Repealed). (Source: P.A. 101-357, eff. 8-9-19. Repealed by P.A. 102-970, eff. 5-27-22.)

(225 ILCS 454/20-21.1) (Section scheduled to be repealed on January 1, 2030) Sec. 20-21.1. Injunctions; cease and desist order. (a) If any person violates the provisions of this Act, the Secretary may, in the name of the People of the State of Illinois, through the Attorney Gener…

(225 ILCS 454/20-22) (Section scheduled to be repealed on January 1, 2030) Sec. 20-22. Violations. Any person who is found working or acting as a managing broker, broker, or residential leasing agent or holding oneself out as a licensed sponsoring broker, managing broker, broker,…