Illinois Compiled Statutes
225 ILCS 458/1-1 (2026)
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✓ current as of May 2026
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(225 ILCS 458/1-1)
(Section scheduled to be repealed on January 1, 2027)
Sec. 1-1.
Short title.
This Act
may be cited as the Real Estate Appraiser Licensing Act of 2002.
(Source: P.A. 92-180, eff. 7-1-02.)
Notes of Decisions
Cited in 2
cases (2 in the last 5 years), 2022–2024 · leading case: Masella v. JP Morgan Chase Bank N.A., 2022 IL App (1st) 210487-U (Ill. App. Ct. 2022).
Masella v. JP Morgan Chase Bank N.A., 2022 IL App (1st) 210487-U (Ill. App. Ct. 2022). “¶ 40 Appraisers in Illinois must be certified and licensed in conformity with the Real Estate Appraiser Licensing Act (REALA) (225 ILCS 458/1-1 et seq. (West 2020)). IDFPR has the authority to administer and enforce the REALA.”
Watkins v. Guaranteed Rate Affinity, LLC, 2024 IL App (1st) 240784-U (Ill. App. Ct. 2024). “On appeal, Watkins contends that the trial court erred when it dismissed the count, which alleged a violation of the Real Estate Appraiser Licensing Act of 2002 (Act) (225 ILCS 458/1-1 et seq. (West 2022)). We dismiss for lack of jurisdiction.”
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