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IL SB3498
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Suzanne Glowiak Hilton
Click for details
AI Summary
- Renames the Auction License Act to the Auction and Estate Sale License Act and creates a new licensing requirement for persons, corporations, LLCs, or partnerships conducting estate sales in Illinois
- Defines "estate sale" as the sale of personal property for a principal conducted on premises or online, where items are offered to the public at posted, fixed prices
- Requires existing estate sale operators to apply for licensure within 12 months of the Act's effective date, with the Department of Financial and Professional Regulation waiving the written examination for applicants who demonstrate 24 months of active operation before June 1, 2026
- Prohibits estate sale licensees from conducting competitive bidding; high-value items intended for auction must be consigned to a licensed auctioneer
- Restricts the Department from requiring certain criminal history information in license applications and requires licensees to report judicial or administrative actions against them within 30 days
Legislative Description
ESTATE SALE LICENSES
Last Action
Rule 2-10 Committee Deadline Established As March 27, 2026
3/13/2026
Committee Referrals
Judiciary2/17/2026
Assignments2/5/2026
Full Bill Text
No bill text available