Real estate License Law changes among proposals introduced by IAR in the Illinois General Assembly last week. House Bill 5358, sponsored by Reps. Kevin Joyce and Skip Saviano, is nearly identical to Senate Bill 571 which passed the Senate in 2007 but was held up in the House. The legislation contains changes to the Real Estate License Law SUPPORTED by IAR. The changes update the License Law, and include a variety of definitional changes, educational changes and technical changes. Also, IAR is monitoring House Bill 4313 which has generated a lot of controversy since its introduction in early January, including concerns raised by the U.S. Department of Justice. The bill, which is an initiative of a group called the “Homeowners Club of America” (HCA), would amend Section 10-15 of the Real Estate License Act to prohibit a real estate licensee from paying a cash rebate, cash gift, or cash prize to an unlicensed person who is a party to a contract to buy or sell real estate. At its Public Policy Meetings in January, IAR adopted a motion to OPPOSE House Bill 4313, sponsored by Rep. Robert Molaro.