Unnecessary regulations governing Illinois industries increase the expense and burden on job creators. Illinois is long overdue for a re-examination of its regulatory regime to ensure better outcomes for both consumer interests and economic growth.
House Bill 5210, filed Feb. 15 by state Rep. Tom Demmer, R-Dixon, eliminates the multiple licensing requirement for real estate brokers with more than one branch office.
Currently, a separate licensing application must be submitted to the Department of Financial and Professional Regulation for a real estate broker’s main office, as well as each individual branch office. Every two years, these businesses must submit a new fee and application for every office they operate under the same company.
The change will allow a real estate broker to simply notify the department of each branch in order to obtain a license. There is no benefit to consumer protection by requiring each branch office submit a new application every two years. Therefore, it is an unnecessary burden on private business.
Sign the petition today to tell your lawmaker to eliminate this unnecessary and expensive regulation of Illinois real estate brokers.