The Real Estate License Act has been signed into law. Some provisions pertaining to education must go through a rule-making process that can take months. The signing marks the end of months of legislative work by Illinois REALTORS® and the Illinois Department of Financial and Professional Regulation — which by statute must be done every decade — to strengthen rules for training and professionalism and enhance consumer protections.
Illinois REALTORS® has resources available to help you navigate these changes, including a video and podcast on what the changes mean for your business.
Get highlights of the changes at www.IllinoisRealtors.org/Legal/Legal-a-z/rela_rewrite (member login is required).