(225 ILCS 454/10-5)
(Section scheduled to be repealed on January 1, 2020)
Payment of compensation.
(a) No licensee shall pay compensation directly to a licensee sponsored by
another broker for
the performance of licensed activities. No licensee sponsored by a broker may
pay compensation to
any licensee other than his or her sponsoring broker for the performance of
unless the licensee paying the compensation is a principal to the transaction.
However, a non-sponsoring broker may pay compensation directly to a licensee
another or a person
who is not sponsored by a broker if the payments are made pursuant to terms of
agreement that was previously in place between a licensee and the
non-sponsoring broker, and the
payments are for licensed activity performed by that person while previously
sponsored by the now
(b) No licensee sponsored by a broker shall accept compensation for the
activities under this Act except from the broker by whom the licensee is
sponsored, except as
provided in this Section.
(c) Any person that is a licensed personal assistant for another licensee
may only be
compensated in his or her capacity as a personal assistant by the sponsoring
broker for that licensed
(d) One sponsoring broker may pay compensation directly to another
sponsoring broker for the
performance of licensed activities.
(e) Notwithstanding any other provision of this Act, a sponsoring broker may pay compensation to a person currently licensed under the Auction License Act who is in compliance with and providing services under Section 5-32 of this Act.
(Source: P.A. 98-553, eff. 1-1-14.)