Section 1450.90  Assumed Name

a)         If a sponsoring broker acting as a sole proprietor operates under any name other than that appearing on his or her license, the sponsoring broker shall submit to the Division a certified copy of the broker's registration under the Assumed Business Name Act [805 ILCS 405].  The assumed business name registration shall be obtained in each county in which the assumed business name is used.  Any corporation, limited partnership, general partnership or limited liability company operating under any name other than that appearing on its application for a license shall provide to the Division a copy of the filing or certificate authorizing it to do business under an assumed name.  Sponsored licensees may not operate under an assumed business name other than that of their sponsoring broker.

b)         The licensee shall submit the information to the Division within 30 days after use of the assumed name.

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