Illinois Real Estate License Act Rewrite

The Illinois Association of REALTORS® has posted some highlights on the proposed changes. The IAR is in support of these changes and it looks very much like they will take affect at the end of the year. Basically, as we mentioned before, the salesperson license will be replaced by a broker license with an increase in the prelicense classroom hours from the current 45 to 90 hours. Continuing Education and Managing Broker requirements will be increased as well. I'll post the IAR information on prudentcareers.com later today.