Section 1450.75  Sponsor Cards for Brokers and Salespersons

a)         A properly issued sponsor card shall serve as a temporary permit allowing the sponsored individual to engage in the practice of real estate for a maximum of 45 days only for the sponsoring broker named on the sponsor card.

b)         The sponsoring broker shall issue a sponsor card to an individual only in the following instances:

1)         Upon presentation of a real estate examination pass score report which states that the broker may issue a sponsor card;

2)         Upon presentation of an original license endorsed by the broker by whom the licensee was previously employed or with whom the licensee was previously associated; or

3)         Upon presentation of a license expired for less than 2 years.

c)         Upon issuance of a sponsor card, the issuing broker shall, within 24 hours after issuance, submit the following to the Division by certified or registered mail return receipt requested or other signature restricted delivery service:

1)         For Licensees

A)        a copy of the sponsor card and transcript, if applicable;

B)        appropriate sponsor card fee as set forth in Section 1450.95 of this Part; and

C)        one of the following:

i)          the properly endorsed real estate license and pocket card of the sponsored licensee; or

ii)         an expired license of the sponsored licensee along with the fee as provided by Section 1450.95 of this Part and proof of education, if applicable, as required by Section 5-50 or 5-55 of the Act; or

iii)         the pocket card of the licensee and a sworn statement by the licensee explaining why the license is not submitted.

If neither the license nor pocket card is available, the status of the license shall be verified by the Director or his or her designee.

2)         For Salesperson Applicants

A)        a copy of the sponsor card and transcript, if applicable;

B)        a real estate pass score report which states that the broker may issue a sponsor card; and

C)        other documentation as required by Section 1450.70 of this Part.

3)         For Broker Applicants

A)        a copy of the sponsor card and transcript, if applicable;

B)        a real estate pass score report which states that the broker may issue a sponsor card; and

C)        other documentation as required by Section 1450.70 of this Part.

4)         Should applicant be found not to have completed all the requirements, the applicant's sponsor card shall be void, the applicant shall be considered to have never been authorized to practice, and the applicant shall be subject to disciplinary action in accordance with Section 20-20 of the Act and Section 1450.220 of this Part.

d)         A licensed real estate broker may practice as a sole proprietor, partnership, corporation, or limited liability company provided that prior to doing business the broker complies with the licensing requirements for partnerships, corporations or limited liability companies set forth in Section 1450.85 of this Part and submits the following to the Division by certified or registered mail return receipt requested or other signature restricted delivery service:

1)         a copy of the sponsor card issued to himself;

2)         the appropriate sponsor card fee as provided by Section 1450.95(h)(2); and

3)         one of the following:

A)        his or her properly endorsed real estate broker license and pocket card; or

B)        an expired broker license along with the fee set forth in Section 1450.95 and proof of education, if applicable, as required by Section 1450.105; or

C)        the pocket card and a sworn statement by the licensee explaining why the license is not submitted.  If neither the license nor the pocket card is available, the status of the license shall be verified by the Director or his or her designee; or

D)        a completed consent to audit and examine special accounts form if one is not already on file.

e)         The Division shall, within 30 days after receipt of the sponsor card, appropriate fees and appropriate documentation, issue a license to the sponsored licensee, or notify the applicant why the license cannot be issued.

f)          Expiration of the Sponsor Card. A sponsor card shall be valid for a period of 45 days from issue date unless extended for an additional 45 days by the Division for good cause.

1)         Good cause shall be limited to those instances where the Division has unnecessarily delayed the processing of a license.

2)         The request for extension shall be considered granted only upon written notice from the Division.

g)         The sponsoring broker shall retain a copy of the sponsor card until the license is received.

h)         Upon termination of a licensee, a sponsoring broker shall immediately:

1)         Endorse the licensee's license as provided for on that document;

2)         Submit a photocopy of the endorsed license to the Division within 2 business days after termination by certified or registered mail return receipt requested, or other signature restricted delivery service;

3)         Retain a copy of the endorsed license at least until the expiration date printed on that license; and

4)         Give the original endorsed license to the licensee.

i)          Once a license has been endorsed, the licensee is prohibited from practicing real estate until the licensee is issued a properly completed sponsor card.

j)          Each licensee shall carry either a properly issued sponsor card or a valid pocket card at all times and shall display same upon demand.

(Source:  Amended at 30 Ill. Reg. 11075, effective June 8, 2006)