(815 ILCS 307/10-5.10)
Sec. 10-5.10.
Business Broker.
"Business Broker"
means any person who is required to register under Section 10-10 of
this Act and, in return for a fee, commission, or
other compensation:
(1) promises to procure a business for any person or |
| assists any person in procuring a business from any third person;
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(2) negotiates, offers, attempts or agrees to
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| negotiate the sale, exchange, or purchase of a business;
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(3) buys, sells, offers to buy or sell or otherwise
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| deals in options on businesses;
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(4) advertises or represents himself as a business
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(5) assists or directs in the procuring of prospects
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| intended to result in the purchase, sale, or exchange of a business;
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(6) offers, promotes, lists or agrees to offer,
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| promote, or list a business for sale, lease, or exchange.
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(Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
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