This just in, Illinois REALTORS® can now share new resources available through the Illinois Department of Professional Regulation’s (IDFPR) Division of Real Estate, that help explain recent changes to the Illinois Real Estate License Act (RELA). RELA amendments became effective [...]
IDFPR intends to issue guidance in the next few weeks to new broker licensees doing their first renewal relating to education they will need in order to renew their initial license on or before April 30, 2020, Illinois REALTORS® has [...]
The latest RELA update, as of Aug. 12, 2019 As you may already be aware, the Illinois Real Estate License Act of 2000 (RELA, or the Act) was due to “sunset” at the end of 2019. This is a regular [...]
Illinois REALTORS®, through the legal hotline and other channels, has been fielding questions about the “new” advertising provisions in the recently amended Real Estate License Act (the Act), that became effective on Aug. 9, 2019. The questions center on the [...]
Illinois REALTORS® legal team has combed through the Real Estate License Act and has a new report which outlines changes practitioners need to be aware of, consolidating all the updates and resources for members on the act. RELA was overwhelmingly [...]
A bill which enhances professionalism and training in the real estate industry easily passed the Illinois Senate on Friday and now heads to the governor's desk. SB 1872's passage marked the end of months of work by Illinois REALTORS® and [...]
The Illinois House voted 115-0 on Thursday to approve SB 1872, a rewrite of the state's Real Estate Licensing Act. This is the final vote in the House. The bill will return to the Senate for a concurrence vote with the [...]
The once-a-decade rewrite of the state's Real Estate License Act is still more than a year away, but Illinois REALTORS® is working on suggestions to make the law better for members and consumers alike. Three association members are spearheading subcommittees [...]
