Ill. Admin. Code tit. 68 § 1450.200

Current through Register Vol. 48, No. 43, October 25, 2024

Section 1450.200 - Residential Leasing Agent General Provisions

a) A licensed residential leasing agent shall not engage in any licensed activities other than licensed activities related to leasing of residential real property. A licensed residential leasing agent may not engage in any 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 residential leasing agent or a person working under a residential leasing agent permit shall engage in leasing residential real property for another and for compensation.

c) No residential 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.

Ill. Admin. Code tit. 68, § 1450.200

Amended at 40 Ill. Reg. 12588, effective 9/2/2016

Amended at 43 Ill. Reg. 1975, effective 1/25/2019

Amended at 45 Ill. Reg. 2851, effective 2/23/2021