On December 31, 2009 the ILLINOIS REAL ESTATE ACT OF 2000 was approved.  This will affect anyone seeking an Illinois Real Estate license and current Real Estate Agents.  It will be important to know how this law will impact your license.  If you have not yet become an Illinois real estate agent but have been contemplating getting your license, it would be wise to do this prior to the change in law which essentially doubles the course requirements!  I would assume this also means an increase in costs for licensing.  NOW IS THE TIME TO DO IT!

If you are interested in meeting to discuss these new guidelines and/or to learn how to become a licensed real estate agent, please send email to info@frankelgiles.com.  Weichert Realtors® Frankel & Giles will also host a seminar to discuss the new license law and requirements.  Please email info@frankelgiles.com if you are interested in attending Seating will be limited.

 Information provided below is a summary of new guidelines. 

ILLINOIS REAL ESTATE LICENSE LAW
Information provided by IAR

Highlights for the license changes which will begin in 2011 include:
   
Once the transition is complete, there will be only two license categories in IL:  Managing Broker and Broker.  The salesperson license will no longer exist after 4/30/12.  All existing licensed salesperson will need to transition to the broker license category before 5/1/2012.  Existing broker licenses will remain the same, and some brokers will transition to managing brokers.

The transition period begins 5/1/2011 and IAR will publish info to assist licensees with the transition. 

IF YOU ARE INTERESTED IN ATTENDING UPCOMING SEMINAR OUTLINING FULL DETAILS OF THE NEW LICENSE LAW SEND EMAIL TO info@frankelgiles.com  WEICHERT REALTORS® FRANKEL & GILES IS NOW INTERVIEWING AGENTS FOR SOUTH LOOP LOCATION!  CALL 312.225.9700 TODAY FOR DETAILS.