Online Real Estate Licensing in Illinois

Illinois Licensing Attorney can assist with student loan default licensing issues including online real estate licensing
Attorney Michael V. Favia can assist with online real estate licensing issues.

Online real estate licensing makes work easier in Illinois in 2018. The Illinois Department of Financial and Professional Regulation (“IDFPR”) now uses online real estate licensing in Illinois, an upgrade from paper applications. Not only are licensing applications online, but also the real estate license renewals and applications to transfer from one firm to another are now digital. By moving everything online the IDFPR is better able to efficiently process applications to avoid delays in processing.

IDFPR director comments on the transition to online real estate licensing in Illinois

Kreg Allison, director of the Division of Real Estate at the IDFPR recently made a statement regarding online real estate licensing. “Everything is going online, and paper applications are going to disappear as a whole in 2018. Anybody who wants to start a new real estate brokerage firm or obtain a managing broker license, real estate broker license or leasing agent license will have to do so online, whether it’s an initial application or a renewal,” Allison stated[i].

For most Illinois real estate professionals, the first experience with online licensing will come with their annual license renewal, now online. The deadline for license renewals is April 30, 2018. Additionally, licensed real estate agents who change jobs and move among real estate firms should experience a quicker and more efficient process when filing to transfer to another firm. Allison stated that, “A lot of brokers jump shop every two years, so that’s a meaningful thing.[ii]

New online real estate licensing tools are also improved in 2018

Real estate professionals and the consumers who work with them are better able to research the status of an Illinois real estate agent’s license using the new online search tool. This is important, especially when agents are in the process of transferring or renewing their license. A real estate transaction involving an agent without a properly issued license can be a significant problem. The upgraded IDFPR license system also allows users to learn more about real estate brokerage firms including information about the other branches of brokerage firm and how many licensed agents are associated therewith.

Illinois licensing attorney Michael V. Favia offered comments on the IDFPR online upgrades

“As a former IDFPR Chief Prosecutor, current defense counsel and attorney overseeing a busy real estate legal practice, I can appreciate many of the much-needed changes for the industry,” stated licensing attorney Michael Favia.

About us: Michael V. Favia & Associates, P.C. is a health law and litigation firm in Chicago representing individuals, healthcare professionals and organizations with civil legal matters as well as professional licensing and regulation.

Chicago health law and litigation attorney Michael V. Favia and his associates in several locations and disciplines, advise and represent private individuals as well as healthcare professionals in all types of litigation and administrative matters involving licensing and regulatory agencies.

Michael V. Favia and Associates, P.C. represents individual physicians and health care organizations in the Chicago area with a variety of legal matters. With offices conveniently located in the Chicago Loop, Northwest side and suburban meeting locations, you can schedule a discrete meeting with an attorney at your convenience and discretion. Michael V. Favia & Associates is available at (773) 631-4580. Please visit www.favialawfirm.com and feel free to “Like” the firm on Facebook and “Follow” the firm on Twitter. You can also review endorsements and recommendations for Michael V. Favia on his Avvo.com profile and on LinkedIn.

 

 

[i] Chicago Agent Magazine, New real estate rules and regulations: What agents can expect in 2018. By Jason Porterfield, Jan. 2, 2018.

[ii] See HNi above.

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