625 ILCS 5/ Illinois Vehicle Code.

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625 ILCS 5/18c-5102

(625 ILCS 5/18c-5102) (from Ch. 95 1/2, par. 18c-5102)

Sec. 18c-5102.

Licensing of Brokers.

(1) Procedures for Issuing Brokers' Licenses.
The Provisions of Article II of Sub-chapter 4 of this Chapter
which govern the form and manner of filing of applications
for authority, notice to be given to the public, and hearing,
shall likewise govern the issuance of a brokers' license.

(2) Standards for Review of Brokers' License Applications.
The Commission shall issue a license authorizing a person to
act as a statewide broker of general commodities where:

(a) The person has properly filed an application on forms
prescribed by the Commission;

(b) The person has remitted the filing fee prescribed by the
Commission;

(c) The person has filed proof of bond or insurance as
required by Commission regulations; and

(d) The Commission has determined that the person is fit,
willing, and able to;

(i) Act as a statewide broker of general commodities as
authorized by the license; and

(ii) Comply with provisions of this Chapter, Commission
regulations and orders.
Otherwise, the application shall be denied.

(3) Suspension or Revocation of Brokers' Licenses.
If at any time the Commission determines after notice and
hearing that the holder of a broker's license is not fit,
willing, or able to continue to act as a broker, the
Commission may suspend or revoke the license.

(Source: P.A. 84-796.)

625 ILCS 5/18c-5103

(625 ILCS 5/18c-5103) (from Ch. 95 1/2, par. 18c-5103)

Sec. 18c-5103.

The Fitness Standard.

A person shall be rebuttably presumed unfit to act or to continue
to act as a broker if:

(1) The person has violated any provision of this Chapter, Commission
regulations or orders, or any other law governing its
activities as a broker;

(2) The person has violated any fiduciary or other obligation
with regard to transmittal of monies, bills, or other matters
entrusted to it as broker; or

(3) The person is applying for a broker's license and any other
person the ownership, management, or control of which is or
was in substantial identity with the applicant has committed
an act of the type described in (1) or (2), above.
The Commission may consider any relevant facts in determining
whether a person is fit to act or to continue to act as a broker,
or whether any presumption which arises under this Section has
been rebutted.

(Source: P.A. 84-796.)

625 ILCS 5/18c-5104

(625 ILCS 5/18c-5104) (from Ch. 95 1/2, par. 18c-5104)

Sec. 18c-5104.

Transfer of Brokers' Licenses.

(1) Transfer of Brokers' Licenses Permitted.
A broker's license may be transferred, with Commission
approval, under the conditions specified in this Section and
in accordance with such regulations as the Commission may
prescribe.

(2) Procedures for Transferring Brokers' Licenses.
The provisions of Article III of the Sub-chapter 4 of this Chapter that
define a transfer and which govern the form and
manner of filing of applications for approval of the transfer
of a motor carrier of property license, notice to be given to
the public, and hearing, shall likewise govern the transfer
of a broker's license.

(3) Standards for Review of Transfer Applications.
The Commission shall grant an application for authority to
transfer a broker's license where:

(a) The application was properly filed on forms prescribed
by the Commission;

(b) The person has remitted the filing fee prescribed by the
Commission; and

(c) The transferee is fit, willing, and able under the terms
of Section 18c-5103 of this Chapter.

Otherwise, the application shall be denied.

(Source: P.A. 84-796.)