Chapter 16 - Illinois License Law - Exercise 1

Gap-fill exercise

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues! The box below includes a word list for this exercise. Words may be used more than once.

ILLINOIS REAL ESTATE LICENSE ACT OF 2000
as amended in subsequent years

The year 2000 brought a new century and a new real estate license act. Real estate licensees are regulated by the Illinois Real Estate License Act of 2000. We can count on the act to be amended each year by new regulations. As changes in agency evolve and the Internet changes the way consumers shop for and buy real estate, real estate licensees are changing the way they prospect for buyers and sellers and the way they market properties. New areas of regulation are sure to be added to the act. In fact, the Real Estate License Act of 2000 underwent an extensive rewrite. The name of the act, however, was not changed, and it remains the Real Estate License Act of 2000. The act should be considered a living document that is continuously amended. The act's purpose has always been to regulate the real estate business for the protection of the and to set a level of minimum competency people entering the business must meet. The act is administered by the and does not provide for a private right of action except in very specific instances.

In April of 2004 the Governor of Illinois signed an executive order merging the Departments of Insurance, Financial Institutions, Professional Regulations, and the Office of Banks and Real Estate into the Illinois Department of Financial and Professional Regulation (IDFPR). The real estate unit originally was in the Office of Banks and Real Estate (OBRE), but later was put into the Department of Professional Regulation (DPR). The Office of Banks and Real Estate was renamed Division of Banks.


ADMINISTRATION OF LICENSES
Secretary, Director, Real Estate Coordinator, Deputy Director of Real Estate
The DFPR is headed by a , appointed by the governor, that is responsible for the operations of the Division of Insurance, the Division of Financial Institutions, the Division of Banks and Real Estate, and the Division of Professional Regulation (DPR). The DPR is a large department that consists of units regulating many professions including doctors, nurses, surveyors, and more than 100 other professions. It also regulates the real estate unit consisting of appraisers, auctioneers, residential leasing agents, real estate salespersons and brokers, and still some other professions. The real estate unit is just one unit in the DPR.
The DPR of the DFPR is responsible for the administration of the Real Estate License Act of 2000. The DPR is headed by a appointed by the governor. The director appoints a real estate to manage the real estate unit.

The real estate coordinator must have a currently valid broker’s license that must be surrendered to the DFPR during the appointment. The real estate coordinator’s term in office is for an indefinite period. The real estate coordinator reports to the director of the DPR. The real estate coordinator’s duties require him to:
• Act as chairperson of the Disciplinary Board, ex-officio, without vote.
• Be the direct liaison between the DFPR, the profession, and real estate organizations and associations.
• Prepare and circulate to licensees any educational and informational material.
• Appoint necessary committees to assist in the performance of the functions and duties of the DFPR.
• Supervise all real estate activities of the DFPR subject to the administrative approval of the director.


REAL ESTATE ADMINISTRATION AND DISCIPLINARY BOARD
The Real Estate Administration and enforces the license act, promulgates the rules based on the act, and issues any new rules necessary to enforce the act. The board is made up of persons appointed by the governor. Of the members of the board, 6 must have been actively engaged in the real estate business for at least 10 years prior to their appointment. The other 3 members of the board are public members representing consumer interests.

Real Estate Education Advisory Council
The governor also appoints a seven member Real Estate Education Advisory Council, which makes recommendations to the board on rules and regulations relating to pre-licensure and continuing education.

Licensed Activities
In Illinois, certain acts have been defined as a real estate activity in which the person performing this activity may need a license. Specifically, anyone who and for either directly or indirectly:
1) Sells, exchanges, purchases, rents, or leases real estate.
2) Offers to sell, exchange, purchase, rent or lease real estate.
3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate.
4) Lists, offers, attempts, or agrees to list residential real estate for sale, lease, or exchange.
5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.
6) Supervises the collection, offer, attempt, or agrees to collect rent for the use of real estate.
7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting or leasing real estate.
8) Assists or directs in procuring or referring of prospects, intended to result in the sale, exchange, lease, or rental of real estate.
9) Assist or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.
10) Opens real estate to the public for marketing purposes.
11) Sells, leases, or offers for sale or lease real estate at auction.

There are to the requirement of a license. The following need to be licensed.
1) Any person, partnership, or corporation and their employees with respect to the property owned by the person, partnership, or corporation. Real estate acts performed by the employees should be incident to the management, sale, or disposition of the property. They are not to be performed in connection with a vocation of selling or leasing any real estate not owned by the person, partnership, or corporation.
2) An acting under a duly executed and recorded power of attorney to convey real estate.
3) Any person acting as a receiver, trustee in bankruptcy. administrator, executor, or guardian, or acting under a court order, or under the authority of a will or testamentary trust.
4) Any person acting as a manager for the owner or any employee acting as the resident manager for a broker managing residential property. The manager must reside on the premises and it must be their primary residence.
5) Any officer or employee of a federal or state agency when acting in their official capacity.
6) Any multiple listing service or other information exchange that is engaged in the collection and dissemination of information concerning real estate available for sale, purchase, lease, or exchange along with which no other licensed activities are performed.
7) Railroads and other public utilities, their officers and full time employees, in connection with properties requiring the approval of their appropriate state regulatory authority.
9) Any medium of advertising in the routine course of selling or publishing advertising along with which no other licensed activities are provided.
10) An exchange company registered under the Real Estate Timeshare Act of 1999 and the regular employees of the exchange company when conducting an exchange program as defined in the Real Estate Timeshare Act.

Another exemption is allowed for lessees of a residential dwelling. In certain circumstances, resident lessees may receive a referral fee for referring prospective lessees to the owner or the owner's agent. The prospective lessees must be seeking a unit in the same building or complex as the resident lessee's unit. In any month period, the resident lessee is limited referring no more than 3 prospective lessees and receiving the lesser of month's rent or . The resident lessee's activities are limited to referring the prospective lessee and the lessee show a unit, discuss the terms or conditions of leasing, or otherwise participate in the negotiation of the lease.

A similar exemption with similar regulations exist for an existing timeshare owner who refers prospective purchasers to the developer or the agents of the developer. The timeshare owner is limited to referring prospective purchasers in a calendar year, receiving no more than $ or its equivalent and cannot show, discuss the terms of purchase or otherwise participate in negotiations.


License and Pocket Cards

The DFPR will issue a to each person licensed under the act. The , indicating the licensee's approval to engage in real estate activities. The license states the type of license issued; salesperson, broker; or leasing agent. The DFPR will also issue a card to the licensee. The card is further indication that the licensee is licensed by the DFPR to engage in licensed activity appropriate for the licensee's status as a salesperson, broker or leasing agent. The licensee must carry the card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
members of the board, 6 must have been actively engaged in the real estate business for at least 10 years prior to their appointment. The other 3 members of the board are public members representing consumer interests.

Real Estate Education Advisory Council
The governor also appoints a seven member Real Estate Education Advisory Council, which makes recommendations to the board on rules and regulations relating to pre-licensure and continuing education.

Licensed Activities
In Illinois, certain acts have been defined as a real estate activity in which the person performing this activity may need a license. Specifically, anyone who and for either directly or indirectly:
1) Sells, exchanges, purchases, rents, or leases real estate.
2) Offers to sell, exchange, purchase, rent or lease real estate.
3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate.
4) Lists, offers, attempts, or agrees to list residential real estate for sale, lease, or exchange.
5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.
6) Supervises the collection, offer, attempt, or agrees to collect rent for the use of real estate.
7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting or leasing real estate.
8) Assists or directs in procuring or referring of prospects, intended to result in the sale, exchange, lease, or rental of real estate.
9) Assist or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.
10) Opens real estate to the public for marketing purposes.
11) Sells, leases, or offers for sale or lease real estate at auction.

There are to the requirement of a license. The following need to be licensed.
1) Any person, partnership, or corporation and their employees with respect to the property owned by the person, partnership, or corporation. Real estate acts performed by the employees should be incident to the management, sale, or disposition of the property. They are not to be performed in connection with a vocation of selling or leasing any real estate not owned by the person, partnership, or corporation.
2) An acting under a duly executed and recorded power of attorney to convey real estate.
3) Any person acting as a receiver, trustee in bankruptcy. administrator, executor, or guardian, or acting under a court order, or under the authority of a will or testamentary trust.
4) Any person acting as a manager for the owner or any employee acting as the resident manager for a broker managing residential property. The manager must reside on the premises and it must be their primary residence.
5) Any officer or employee of a federal or state agency when acting in their official capacity.
6) Any multiple listing service or other information exchange that is engaged in the collection and dissemination of information concerning real estate available for sale, purchase, lease, or exchange along with which no other licensed activities are performed.
7) Railroads and other public utilities, their officers and full time employees, in connection with properties requiring the approval of their appropriate state regulatory authority.
9) Any medium of advertising in the routine course of selling or publishing advertising along with which no other licensed activities are provided.
10) An exchange company registered under the Real Estate Timeshare Act of 1999 and the regular employees of the exchange company when conducting an exchange program as defined in the Real Estate Timeshare Act.

Another exemption is allowed for lessees of a residential dwelling. In certain circumstances, resident lessees may receive a referral fee for referring prospective lessees to the owner or the owner's agent. The prospective lessees must be seeking a unit in the same building or complex as the resident lessee's unit. In any month period, the resident lessee is limited referring no more than 3 prospective lessees and receiving the lesser of month's rent or . The resident lessee's activities are limited to referring the prospective lessee and the lessee show a unit, discuss the terms or conditions of leasing, or otherwise participate in the negotiation of the lease.

A similar exemption with similar regulations exist for an existing timeshare owner who refers prospective purchasers to the developer or the agents of the developer. The timeshare owner is limited to referring prospective purchasers in a calendar year, receiving no more than $ or its equivalent and cannot show, discuss the terms of purchase or otherwise participate in negotiations.


License and Pocket Cards

The DFPR will issue a to each person licensed under the act and a license. The indicates the licensee's approval to engage in real estate activities. The license states the type of license issued; salesperson, broker; or leasing agent. The DFPR will also issue a card to the licensee. The card is further indication that the licensee is licensed by the DFPR to engage in licensed activity appropriate for the licensee's status as a salesperson, broker or leasing agent. The licensee must carry the card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
members of the board, 6 must have been actively engaged in the real estate business for at least 10 years prior to their appointment. The other 3 members of the board are public members representing consumer interests.

Real Estate Education Advisory Council
The governor also appoints a seven member Real Estate Education Advisory Council, which makes recommendations to the board on rules and regulations relating to pre-licensure and continuing education.

Licensed Activities
In Illinois, certain acts have been defined as a real estate activity in which the person performing this activity may need a license. Specifically, anyone who and for either directly or indirectly:
1) Sells, exchanges, purchases, rents, or leases real estate.
2) Offers to sell, exchange, purchase, rent or lease real estate.
3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate.
4) Lists, offers, attempts, or agrees to list residential real estate for sale, lease, or exchange.
5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.
6) Supervises the collection, offer, attempt, or agrees to collect rent for the use of real estate.
7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting or leasing real estate.
8) Assists or directs in procuring or referring of prospects, intended to result in the sale, exchange, lease, or rental of real estate.
9) Assist or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.
10) Opens real estate to the public for marketing purposes.
11) Sells, leases, or offers for sale or lease real estate at auction.

There are to the requirement of a license. The following need to be licensed.
1) Any person, partnership, or corporation and their employees with respect to the property owned by the person, partnership, or corporation. Real estate acts performed by the employees should be incident to the management, sale, or disposition of the property. They are not to be performed in connection with a vocation of selling or leasing any real estate not owned by the person, partnership, or corporation.
2) An acting under a duly executed and recorded power of attorney to convey real estate.
3) Any person acting as a receiver, trustee in bankruptcy. administrator, executor, or guardian, or acting under a court order, or under the authority of a will or testamentary trust.
4) Any person acting as a manager for the owner or any employee acting as the resident manager for a broker managing residential property. The manager must reside on the premises and it must be their primary residence.
5) Any officer or employee of a federal or state agency when acting in their official capacity.
6) Any multiple listing service or other information exchange that is engaged in the collection and dissemination of information concerning real estate available for sale, purchase, lease, or exchange along with which no other licensed activities are performed.
7) Railroads and other public utilities, their officers and full time employees, in connection with properties requiring the approval of their appropriate state regulatory authority.
9) Any medium of advertising in the routine course of selling or publishing advertising along with which no other licensed activities are provided.
10) An exchange company registered under the Real Estate Timeshare Act of 1999 and the regular employees of the exchange company when conducting an exchange program as defined in the Real Estate Timeshare Act.

Another exemption is allowed for lessees of a residential dwelling. In certain circumstances, resident lessees may receive a referral fee for referring prospective lessees to the owner or the owner's agent. The prospective lessees must be seeking a unit in the same building or complex as the resident lessee's unit. In any month period, the resident lessee is limited referring no more than 3 prospective lessees and receiving the lesser of month's rent or . The resident lessee's activities are limited to referring the prospective lessee and the lessee show a unit, discuss the terms or conditions of leasing, or otherwise participate in the negotiation of the lease.

A similar exemption with similar regulations exist for an existing timeshare owner who refers prospective purchasers to the developer or the agents of the developer. The timeshare owner is limited to referring prospective purchasers in a calendar year, receiving no more than $ or its equivalent and cannot show, discuss the terms of purchase or otherwise participate in negotiations.


License and Pocket Cards

The DFPR will issue a to each person licensed under the act and a license. The indicates the licensee's approval to engage in real estate activities. The license states the type of license issued; salesperson, broker; or leasing agent. The DFPR will also issue a card to the licensee. The card is further indication that the licensee is licensed by the DFPR to engage in licensed activity appropriate for the licensee's status as a salesperson, broker or leasing agent. The licensee must carry the card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
, appointed by the governor, that is responsible for the operations of the Division of Insurance, the Division of Financial Institutions, the Division of Banks and Real Estate, and the Division of Professional Regulation (DPR). The DPR is a large department that consists of units regulating many professions including doctors, nurses, surveyors, and more than 100 other professions. It also regulates the real estate unit consisting of appraisers, auctioneers, residential leasing agents, real estate salespersons and brokers, and still some other professions. The real estate unit is just one unit in the DPR.
The DPR of the DFPR is responsible for the administration of the Real Estate License Act of 2000. The DPR is headed by a appointed by the governor. The director appoints a real estate to manage the real estate unit.

The real estate coordinator must have a currently valid broker’s license that must be surrendered to the DFPR during the appointment. The real estate coordinator’s term in office is for an indefinite period. The real estate coordinator reports to the director of the DPR. The real estate coordinator’s duties require him to:
• Act as chairperson of the Disciplinary Board, ex-officio, without vote.
• Be the direct liaison between the DFPR, the profession, and real estate organizations and associations.
• Prepare and circulate to licensees any educational and informational material.
• Appoint necessary committees to assist in the performance of the functions and duties of the DFPR.
• Supervise all real estate activities of the DFPR subject to the administrative approval of the director.


REAL ESTATE ADMINISTRATION AND DISCIPLINARY BOARD
The Real Estate Administration and enforces the license act, promulgates the rules based on the act, and issues any new rules necessary to enforce the act. The board is made up of persons appointed by the governor. Of the members of the board, 6 must have been actively engaged in the real estate business for at least 10 years prior to their appointment. The other 3 members of the board are public members representing consumer interests.

Real Estate Education Advisory Council
The governor also appoints a seven member Real Estate Education Advisory Council, which makes recommendations to the board on rules and regulations relating to pre-licensure and continuing education.

Licensed Activities
In Illinois, certain acts have been defined as a real estate activity in which the person performing this activity may need a license. Specifically, anyone who and for either directly or indirectly:
1) Sells, exchanges, purchases, rents, or leases real estate.
2) Offers to sell, exchange, purchase, rent or lease real estate.
3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate.
4) Lists, offers, attempts, or agrees to list residential real estate for sale, lease, or exchange.
5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.
6) Supervises the collection, offer, attempt, or agrees to collect rent for the use of real estate.
7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting or leasing real estate.
8) Assists or directs in procuring or referring of prospects, intended to result in the sale, exchange, lease, or rental of real estate.
9) Assist or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.
10) Opens real estate to the public for marketing purposes.
11) Sells, leases, or offers for sale or lease real estate at auction.

There are to the requirement of a license. The following need to be licensed.
1) Any person, partnership, or corporation and their employees with respect to the property owned by the person, partnership, or corporation. Real estate acts performed by the employees should be incident to the management, sale, or disposition of the property. They are not to be performed in connection with a vocation of selling or leasing any real estate not owned by the person, partnership, or corporation.
2) An acting under a duly executed and recorded power of attorney to convey real estate.
3) Any person acting as a receiver, trustee in bankruptcy. administrator, executor, or guardian, or acting under a court order, or under the authority of a will or testamentary trust.
4) Any person acting as a manager for the owner or any employee acting as the resident manager for a broker managing residential property. The manager must reside on the premises and it must be their primary residence.
5) Any officer or employee of a federal or state agency when acting in their official capacity.
6) Any multiple listing service or other information exchange that is engaged in the collection and dissemination of information concerning real estate available for sale, purchase, lease, or exchange along with which no other licensed activities are performed.
7) Railroads and other public utilities, their officers and full time employees, in connection with properties requiring the approval of their appropriate state regulatory authority.
9) Any medium of advertising in the routine course of selling or publishing advertising along with which no other licensed activities are provided.
10) An exchange company registered under the Real Estate Timeshare Act of 1999 and the regular employees of the exchange company when conducting an exchange program as defined in the Real Estate Timeshare Act.

Another exemption is allowed for lessees of a residential dwelling. In certain circumstances, resident lessees may receive a referral fee for referring prospective lessees to the owner or the owner's agent. The prospective lessees must be seeking a unit in the same building or complex as the resident lessee's unit. In any month period, the resident lessee is limited referring no more than 3 prospective lessees and receiving the lesser of month's rent or . The resident lessee's activities are limited to referring the prospective lessee and the lessee show a unit, discuss the terms or conditions of leasing, or otherwise participate in the negotiation of the lease.

A similar exemption with similar regulations exist for an existing timeshare owner who refers prospective purchasers to the developer or the agents of the developer. The timeshare owner is limited to referring prospective purchasers in a calendar year, receiving no more than $ or its equivalent and cannot show, discuss the terms of purchase or otherwise participate in negotiations.


License and Pocket Cards

The DFPR will issue a to each person licensed under the act. The , indicating the licensee's approval to engage in real estate activities. The license states the type of license issued; salesperson, broker; or leasing agent. The DFPR will also issue a card to the licensee. The card is further indication that the licensee is licensed by the DFPR to engage in licensed activity appropriate for the licensee's status as a salesperson, broker or leasing agent. The licensee must carry the card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
members of the board, 6 must have been actively engaged in the real estate business for at least 10 years prior to their appointment. The other 3 members of the board are public members representing consumer interests.

Real Estate Education Advisory Council
The governor also appoints a seven member Real Estate Education Advisory Council, which makes recommendations to the board on rules and regulations relating to pre-licensure and continuing education.

Licensed Activities
In Illinois, certain acts have been defined as a real estate activity in which the person performing this activity may need a license. Specifically, anyone who and for either directly or indirectly:
1) Sells, exchanges, purchases, rents, or leases real estate.
2) Offers to sell, exchange, purchase, rent or lease real estate.
3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate.
4) Lists, offers, attempts, or agrees to list residential real estate for sale, lease, or exchange.
5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.
6) Supervises the collection, offer, attempt, or agrees to collect rent for the use of real estate.
7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting or leasing real estate.
8) Assists or directs in procuring or referring of prospects, intended to result in the sale, exchange, lease, or rental of real estate.
9) Assist or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.
10) Opens real estate to the public for marketing purposes.
11) Sells, leases, or offers for sale or lease real estate at auction.

There are to the requirement of a license. The following need to be licensed.
1) Any person, partnership, or corporation and their employees with respect to the property owned by the person, partnership, or corporation. Real estate acts performed by the employees should be incident to the management, sale, or disposition of the property. They are not to be performed in connection with a vocation of selling or leasing any real estate not owned by the person, partnership, or corporation.
2) An acting under a duly executed and recorded power of attorney to convey real estate.
3) Any person acting as a receiver, trustee in bankruptcy. administrator, executor, or guardian, or acting under a court order, or under the authority of a will or testamentary trust.
4) Any person acting as a manager for the owner or any employee acting as the resident manager for a broker managing residential property. The manager must reside on the premises and it must be their primary residence.
5) Any officer or employee of a federal or state agency when acting in their official capacity.
6) Any multiple listing service or other information exchange that is engaged in the collection and dissemination of information concerning real estate available for sale, purchase, lease, or exchange along with which no other licensed activities are performed.
7) Railroads and other public utilities, their officers and full time employees, in connection with properties requiring the approval of their appropriate state regulatory authority.
9) Any medium of advertising in the routine course of selling or publishing advertising along with which no other licensed activities are provided.
10) An exchange company registered under the Real Estate Timeshare Act of 1999 and the regular employees of the exchange company when conducting an exchange program as defined in the Real Estate Timeshare Act.

Another exemption is allowed for lessees of a residential dwelling. In certain circumstances, resident lessees may receive a referral fee for referring prospective lessees to the owner or the owner's agent. The prospective lessees must be seeking a unit in the same building or complex as the resident lessee's unit. In any month period, the resident lessee is limited referring no more than 3 prospective lessees and receiving the lesser of month's rent or . The resident lessee's activities are limited to referring the prospective lessee and the lessee show a unit, discuss the terms or conditions of leasing, or otherwise participate in the negotiation of the lease.

A similar exemption with similar regulations exist for an existing timeshare owner who refers prospective purchasers to the developer or the agents of the developer. The timeshare owner is limited to referring prospective purchasers in a calendar year, receiving no more than $ or its equivalent and cannot show, discuss the terms of purchase or otherwise participate in negotiations.


License and Pocket Cards

The DFPR will issue a to each person licensed under the act and a license. The indicates the licensee's approval to engage in real estate activities. The license states the type of license issued; salesperson, broker; or leasing agent. The DFPR will also issue a card to the licensee. The card is further indication that the licensee is licensed by the DFPR to engage in licensed activity appropriate for the licensee's status as a salesperson, broker or leasing agent. The licensee must carry the card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.
members of the board, 6 must have been actively engaged in the real estate business for at least 10 years prior to their appointment. The other 3 members of the board are public members representing consumer interests.

Real Estate Education Advisory Council
The governor also appoints a seven member Real Estate Education Advisory Council, which makes recommendations to the board on rules and regulations relating to pre-licensure and continuing education.

Licensed Activities
In Illinois, certain acts have been defined as a real estate activity in which the person performing this activity may need a license. Specifically, anyone who and for either directly or indirectly:
1) Sells, exchanges, purchases, rents, or leases real estate.
2) Offers to sell, exchange, purchase, rent or lease real estate.
3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate.
4) Lists, offers, attempts, or agrees to list residential real estate for sale, lease, or exchange.
5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.
6) Supervises the collection, offer, attempt, or agrees to collect rent for the use of real estate.
7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting or leasing real estate.
8) Assists or directs in procuring or referring of prospects, intended to result in the sale, exchange, lease, or rental of real estate.
9) Assist or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.
10) Opens real estate to the public for marketing purposes.
11) Sells, leases, or offers for sale or lease real estate at auction.

There are to the requirement of a license. The following need to be licensed.
1) Any person, partnership, or corporation and their employees with respect to the property owned by the person, partnership, or corporation. Real estate acts performed by the employees should be incident to the management, sale, or disposition of the property. They are not to be performed in connection with a vocation of selling or leasing any real estate not owned by the person, partnership, or corporation.
2) An acting under a duly executed and recorded power of attorney to convey real estate.
3) Any person acting as a receiver, trustee in bankruptcy. administrator, executor, or guardian, or acting under a court order, or under the authority of a will or testamentary trust.
4) Any person acting as a manager for the owner or any employee acting as the resident manager for a broker managing residential property. The manager must reside on the premises and it must be their primary residence.
5) Any officer or employee of a federal or state agency when acting in their official capacity.
6) Any multiple listing service or other information exchange that is engaged in the collection and dissemination of information concerning real estate available for sale, purchase, lease, or exchange along with which no other licensed activities are performed.
7) Railroads and other public utilities, their officers and full time employees, in connection with properties requiring the approval of their appropriate state regulatory authority.
9) Any medium of advertising in the routine course of selling or publishing advertising along with which no other licensed activities are provided.
10) An exchange company registered under the Real Estate Timeshare Act of 1999 and the regular employees of the exchange company when conducting an exchange program as defined in the Real Estate Timeshare Act.

Another exemption is allowed for lessees of a residential dwelling. In certain circumstances, resident lessees may receive a referral fee for referring prospective lessees to the owner or the owner's agent. The prospective lessees must be seeking a unit in the same building or complex as the resident lessee's unit. In any month period, the resident lessee is limited referring no more than 3 prospective lessees and receiving the lesser of month's rent or . The resident lessee's activities are limited to referring the prospective lessee and the lessee show a unit, discuss the terms or conditions of leasing, or otherwise participate in the negotiation of the lease.

A similar exemption with similar regulations exist for an existing timeshare owner who refers prospective purchasers to the developer or the agents of the developer. The timeshare owner is limited to referring prospective purchasers in a calendar year, receiving no more than $ or its equivalent and cannot show, discuss the terms of purchase or otherwise participate in negotiations.


License and Pocket Cards

The DFPR will issue a to each person licensed under the act and a license. The indicates the licensee's approval to engage in real estate activities. The license states the type of license issued; salesperson, broker; or leasing agent. The DFPR will also issue a card to the licensee. The card is further indication that the licensee is licensed by the DFPR to engage in licensed activity appropriate for the licensee's status as a salesperson, broker or leasing agent. The licensee must carry the card on their person when engaged in real estate activities. When a pocket card has not yet been issued, the licensee must have their sponsor card on their person. The pocket card or sponsor card must be displayed when asked.