TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VIII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1450 REAL ESTATE LICENSE ACT OF 2000
SECTION 1450.160 DUAL LICENSURE


 

Section 1450.160  Dual Licensure

 

a)         A licensee may not simultaneously hold licenses as a:

 

1)         managing broker and leasing agent;

 

2)         managing broker and broker; or

 

3)         broker and leasing agent.

 

b)         Upon the issuance of a new license, the prior license shall be cancelled.

 

(Source:  Added at 40 Ill. Reg. 12588, effective September 2, 2016)