SPRINGFIELD – To assist military service members and immigrants in getting into the real estate industry, State Senator Javier Cervantes is leading a measure that will waive certain requirements for veterans and those without a social security number who are seeking a real estate license.
“We are removing the red tape on real estate licensing for veterans and immigrants wishing to continue their real estate career here in Illinois,” said Cervantes (D-Chicago). “This will ensure that those who may feel left out of the market can find licensing opportunities and continue to practice their profession.”
Senate Bill 1866 creates the Real Estate Omnibus, which will remove barriers faced by veterans and Immigrants who are trying to obtain licensing for real estate.
Under this measure, veterans will have all continuing education requirements waived upon seeking reactivation of their real estate license within two years after their time in service. This will also waive requirements for Social Security Numbers and will allow those with individual Taxpayer ID Numbers to apply for a license in real estate or as community association managers, auctioneers, or home inspectors.
Under the Real Estate Administration and Disciplinary Board, those who are seeking auctioneer licenses and have attended courses in this area will also be accepted for licensure.
“Many folks are running into barriers that will not let them enter a career in real estate due to their military status or their immigration status,” Cervantes said. “This legislation removes these barriers and gives our residents more agency over their career in real estate.”
Senate Bill 1866 passed the Senate on Thursday and will now head to the House for further consideration.