ADMINISTRATIVE CODE TITLE 68: PROFESSIONS AND OCCUPATIONS CHAPTER VIII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1450 REAL ESTATE LICENSE ACT OF 2000 SECTION 1450.160 DUAL LICENSURE
Section 1450.160 Dual Licensure
a) A licensee may not simultaneously hold licenses as a:
1) Managing broker and residential leasing agent;
2) Managing broker and broker; or
3) Broker and residential leasing agent.
b) Upon the issuance of a new license, the prior license shall be cancelled and no longer active unless there is a request to transfer pursuant to Section 1450.550.
(Source: Amended at 49 Ill. Reg. 9512, effective July 7, 2025) |