Illinois Compiled Statutes 225 ILCS 454 Real Estate License Act of 2000. Section 10-40

    (225 ILCS 454/10-40)

    (Section scheduled to be repealed on January 1, 2020)

    Sec. 10-40. Company policy. Every brokerage company or entity, other than a sole proprietorship with no other sponsored licensees, shall adopt a company or office policy dealing with topics such as:

        (1) the agency policy of the entity;

        (2) fair housing, nondiscrimination and harassment;

        (3) confidentiality of client information;

        (4) advertising;

        (5) training and supervision of sponsored licensees;

        (6) required disclosures and use of forms;

        (7) handling of risk management matters; and

        (8) handling of earnest money and escrows.

    These topics are provided as an example and are not intended to be inclusive or exclusive of other topics.

(Source: P.A. 96-856, eff. 12-31-09.)

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Last modified: February 18, 2015