IDFPR’s newly created Division of Real Estate web page goes live today

The web page for the Illinois Department of Financial and Professional Regulation’s (IDFPR) new Division of Real Estate went live today. You can access the web page at http://www.idfpr.com/RealEstate.  The new division was created by an executive order from Gov. Pat Quinn as part of a reorganization of IDFPR.

The Division of Real Estate Professions administers over 90,000 licenses for real estate managing brokers, brokers, and leasing agents, real estate corporations, partnerships, limited liability companies and branch offices, real estate pre-license schools, branch schools, continuing education schools, courses and instructors, according to IDFPR. Click here to read more about real estate professions.

The Illinois Association of REALTORS® supported the creation of the new Division of Real Estate because it will provide more attention to the real estate industry and allow for better enforcement of the rules and regulations that dictate how real estate transactions are handled.

The new Division of Real Estate will oversee a multitude of state laws, including the Real Estate License, the Home Inspector License and the Land Sales Registration acts. In the past, real estate regulation has been handled through the Bureau of Real Estate Professions, which was located within the Division of Professional Regulation.

Find the new Division of Real Estate web page at http://www.idfpr.com/RealEstate.

 

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