Illinois Compiled Statutes 625 ILCS 5 Illinois Vehicle Code. Section 18c-5103

    (625 ILCS 5/18c-5103) (from Ch. 95 1/2, par. 18c-5103)

    Sec. 18c-5103. The Fitness Standard. A person shall be rebuttably presumed unfit to act or to continue to act as a broker if:

    (1) The person has violated any provision of this Chapter, Commission regulations or orders, or any other law governing its activities as a broker;

    (2) The person has violated any fiduciary or other obligation with regard to transmittal of monies, bills, or other matters entrusted to it as broker; or

    (3) The person is applying for a broker's license and any other person the ownership, management, or control of which is or was in substantial identity with the applicant has committed an act of the type described in (1) or (2), above. The Commission may consider any relevant facts in determining whether a person is fit to act or to continue to act as a broker, or whether any presumption which arises under this Section has been rebutted.

(Source: P.A. 84-796.)

Sections:  Previous  18c-4901  18c-4902  18c-4903  18c-4904  18c-4905  18c-5101  18c-5102  18c-5103  18c-5104  18c-5105  18c-5106  18c-5107  18c-5201  18c-5202  18c-5203  Next

Last modified: February 18, 2015