The Illinois Real Estate License Act is expected to be signed into law this month.
Because there are a number of important changes Illinois REALTORS® has set up a webpage with the latest updates and resources.
RELA is updated every 10 years, and once it is signed there will be changes in areas ranging from licensing education requirements to advertising.
The page, which is for members only and requires you to log in to the association website, has copies of the Act, explanations of what is known currently about the Act and a video providing highlights.
Illinois REALTORS® worked closely with the Illinois Department of Financial and Professional Regulation on the revisions. The association’s suggestions, many of which were incorporated into the rewrite, came from REALTOR® task force members.