Illinois Compiled Statutes 225 Professions, Occupations, and Business Operations: Article 10 - Compensation And Business Practices

• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-5
  Payment of compensation. (a) No licensee shall pay compensation directly to a licensee sponsored by another broker for the performance of licensed activities. No licensee...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-10
  Disclosure of compensation. (a) A licensee must disclose to a client the sponsoring broker's compensation and policy with regard to cooperating with brokers who...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-15
  No compensation to persons in violation of Act; compensation to unlicensed persons; consumer. (a) No compensation may be paid to any unlicensed person in exchange...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-20
  Sponsoring broker; employment agreement. (a) A licensee may perform activities as a licensee only for his or her sponsoring broker. A licensee must have...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-25
  Expiration of brokerage agreement. No licensee shall obtain any written brokerage agreement that does not either provide for automatic expiration within a definite period of...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-27
  Disclosure of licensee status. Each licensee shall disclose, in writing, his or her status as a licensee to all parties in a transaction when...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-30
  Advertising. (a) No advertising, whether in print, via the Internet, or through any other media, shall be fraudulent, deceptive, inherently misleading, or proven to be...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 10-35
  Internet and related advertising. (a) Licensees intending to sell or share consumer information gathered from or through the Internet or other electronic communication media shall...
• Illinois Real Estate License Act of 2000. - 225 ILCS 454, Section 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...

Last modified: February 18, 2015