Section 1450.110  Change of Information

a)         It is the responsibility of each licensee to immediately notify the Division of any change of name, address, or office location. For example, if the licensee has had a name change either by court order or due to a change in marital status, the licensee shall notify the Division of the name change together with a certified copy of the marriage certificate or portions of the court order relating to the name change, and indicate under which name the license shall issue.  If the licensee regularly practices under a diminutive of their first name (e.g., Meg for Margaret or Mark for Mariusz or Sam for Shamim), last name or a middle name instead of the licensee's full legal name, the licensee shall notify the Division of the alternate name.  To help ensure proper credit, the licensee shall ensure that all continuing education certificates are issued under the name of licensure.

b)         It is the responsibility of each sponsoring broker to immediately notify the Division of any change of business information.

1)         When a licensee acquires or transfers any interest in a corporation, limited liability company, partnership, or limited partnership licensed under the Act, the sponsoring broker shall submit to the Division a properly completed change of business information form.

2)         When a licensee becomes an officer or manager of a corporation, limited liability company, partnership, or limited partnership licensed under the Act, the sponsoring broker shall submit to the Division a properly completed change of business information form. Any changes in managing brokers, branch or principal offices shall be reported in writing to the Division within 15 days after the change.

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