IDFPR-VARIOUS LICENSES

From the Legislature

Reinserts the provisions of the introduced bill with the following changes. Further amends the Auction License Act. In provisions concerning the licensing of auction schools, provides that the course that is provided by an auction school and that is required to obtain a certification under certain provisions shall be approved by the Department of Financial and Professional Regulation upon the recommendation of the Real Estate Administration and Disciplinary Board (rather than shall be approved by the Real Estate Administration and Disciplinary Board). In provisions concerning the powers and duties of the Department and provisions concerning insurance, provides that the Department shall have the authority to audit or inspect any electronic or physical record, account, document, book, form, or file required to be created or maintained by the Act. In provisions concerning investigations, provides that, for an associate real estate trainee appraiser, a copy shall also be sent to the licensee's supervising appraiser of record at the supervising appraiser's most recent address of record or email address of record as provided to the Department. Provides that, if the person fails to file an answer after service of notice, the person's license may, at the discretion of the Department, be suspended, revoked, or placed on probationary status and the Department may take any additional disciplinary action it deems proper, including limiting the scope, nature, or extent of the person's practice, without a hearing. Makes other changes. Effective immediately.