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 1450.200 LEASING AGENT GENERAL PROVISIONS


 

Section 1450.200  Leasing Agent General Provisions

 

a)         A licensed leasing agent shall not engage in any licensed activities other than licensed activities related to leasing of residential real property. A licensed leasing agent may not engage in any other licensed activities described in Section 1-10 of the Act that do not relate to leasing residential real property, or would otherwise require a broker license.

 

b)         No person other than a licensed managing broker, broker or leasing agent or a duly authorized person working under a leasing agent student permit shall engage in leasing residential real property for compensation.  

 

c)         No leasing agent licensee may accept compensation for the performance of leasing residential real property except from the sponsoring broker by whom the licensee is sponsored.

 

(Source:  Amended at 43 Ill. Reg. 1975, effective January 25, 2019)