Real estate brokers now renewing licenses online with new state program

[MARCH 2, 2004]  SPRINGFIELD -- The Illinois Office of Banks and Real Estate, Commissioner D. Lorenzo Padron, announced that real estate brokers are the first group to take advantage of the office's online license renewal capabilities. E-licensing streamlines the renewal process, eliminates postage expense and provides immediate results.

"E-government has arrived at OBRE, allowing real estate brokers the convenience of renewing their licenses anytime and anywhere. The results have been exceptional," Commissioner Padron said. "With around-the-clock accessibility, licensing in state government has gotten much easier. Brokers as far away as Puerto Rico have already used the new system."

The program began Feb. 3. Since then, 654 brokers have renewed their licenses online.

E-licensing saves time and money while providing licensees the convenience they need to better serve their customers. Each application is verified completely as it is submitted.

According to real estate broker Toni Sherman of Glen Ellyn, "This was a great way to renew: simple, easy and user-friendly. Good job!"

E-licensing is accomplished in a highly secure, encrypted environment. The process consists of simple steps found at www.obre.state.il.us. The official license is mailed within two business days.

Real estate brokers are required to renew their licenses by April 30. Effective May 1, late renewals are assessed a $50 fee.

Using technology to create innovative solutions is part of the mission of the Illinois Office of Banks and Real Estate. Future initiatives include online licensing for new applicants and expansion of online renewals for all licensees. To obtain additional information regarding the online renewal process, call [phone].

[Illinois Office of Banks and Real Estate news release]

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