Illinois Senate Votes to Pass License Law Rewrite

On April 2nd the Senate UNANIMOUSLY approved Senate Bill 1894, the IAR initiative to rewrite the Real Estate License Act. The House Bill was referred to the Rules Committee. It appears that we should have a new license law soon. The proposed changes, which we've discussed earlier, are supported by the Illinois Association of Realtors®, so, as a lemming in training, I must also support. The big problem as I see it is the new format for the broker exam and a bunch of agents, under the prosposed changes, will have to take that exam. We need to do some additional research on that exam and find out more. I'll see if I can get Bill O'Donnell to share some information.