A real estate Broker does not need Auctioneer's License to sell real estate in Illinois

You should know that a real estate broker can sell real estate at auction in Illinois without having to have an Auctioneer's License.  Just remember that the Broker can not sell any personal property; however, selling real property by auction is already covered by the Illinois Real Estate Licensing Act of 2000 (225 ILCS 454/).  In Illinois we also have the Auction License Act (225 ILCS 407/) wchich governs the auction business:

Real Estate License Act of 2000 (225 ILCS 454/1‑10)
    (Section scheduled to be repealed on January 1, 2010)
    Sec. 1‑10. Definitions. In this Act, unless the context otherwise requires:
"Broker" means an individual, partnership, limited liability company, corporation, or registered limited liability partnership other than a real estate salesperson or leasing agent who for another and for compensation, or with the intention or expectation of receiving compensation, either directly or indirectly:
(11) Sells, leases, or offers for sale or lease real estate at auction.

Auction License Act (225 ILCS 407/) (Text of Section after amendment by P.A. 95‑572)
    (Section scheduled to be repealed on January 1, 2010)
    Sec. 10‑1. Necessity of license; exemptions.
(3) an auction for the sale or lease of real property conducted by a licensee under the Real Estate License Act, or its successor Acts, in accordance with the terms of that Act;

At Major we have became licensed auctioneers last year, and since then Major Enterprises, Inc. has conducted five (5) real estate auctions, and we have couple more coming up in June of 2008.  If you want to see more information about selling real estate at auction there is an Auction tab on our website and more info there.  In the face of the slowing real estate market auction sales can deliver results sellers need.