The Illinois Department of Financial and Professional Regulation, Division of Real Estate, now has a brokerage newsletter that is very useful to Illinois real estate continuing education students.
The newsletter is a great compliance tool for Illinois real estate continuing education students.
Commission newsletters are a great way to stay informed on recent legislative changes that you need to know about and is also a great tool to help you stay in compliance. We have highlighted some of this great information below, however, you can view the inaugural August 2018 edition by clicking here.
Keep in touch
The Division of Real Estate (DRE) uses email to deliver all types of correspondence and notices to licensees---Is your email address up to date with the DRE? Click here to go to their site to verify your email address quickly and easily. Click on the "Online Services" and then "Update My Contact Info". It's easy enough to do so don't miss out on this vital information, take a second and do it today!
Two bills were recently passed by the Illinois legislature that impacts Illinois real estate continuing education students.
Branch Office License: Eliminates the branch office license for real estate brokerages.
Business Entity, Ownership and Control: Modernizes the forms of business entity, and also clarifies the ownership and control requirements.
Payment of Commissions: Allows Sponsoring Brokers to pay commissions directly, for the maximum tax benefit, to an unlicensed corporation and also limited liability company (LLC) wholly owned by a real estate broker affiliated with the real estate brokerage firm.
Advisory Board Service: This bill establishes uniformity in term length and limits for the four DRE related professional advisory boards including The Auction Advisory Board, The Community Association Manager Licensing and Disciplinary Board, The Real Estate Administration and Disciplinary Board, and also The Real Estate Appraisal Administration and Disciplinary Board.
It is never too early to complete your Illinois real estate continuing education.
You can complete your CE anytime during your renewal cycle, so why not plan ahead and save time with RealEstateCE? We have a great selection of affordable online CE courses. Don't take the same boring CE courses year after year. Check out our great selection of Illinois real estate continuing education here.
Illinois Real Estate Continuing Education Courses - ILLINOIS School License: 562.000257
This information current as of September 2018.