Section 1450.15  Leasing Agent General Provisions

a)         A licensed leasing agent shall not engage in any licensed activities other than those activities relating to the leasing of residential real property. A licensed leasing agent may not offer or negotiate  the sale or exchange of real estate, or engage in any other activities described in Section 1-10 of the Act not relating to the leasing of residential real estate.

b)         No person other than a duly authorized broker, salesperson, or leasing agent or an individual working under a 120 day leasing agent permit shall engage in, for compensation, residential leasing activities for which a license is required under the Act.

c)         No leasing agent licensee may accept compensation for the performance of leasing agent activities except from the sponsoring broker by whom the licensee is employed.

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