Illinois License Law
An Illinois broker who wants to become a referral agent only (making referrals to active brokers for a fee) must:
AHold an active broker license sponsored by a managing broker
BHold an active or inactive broker license to receive referral fees✓ Correct
COnly need to be a member of the local REALTOR® board
DOnly need to register with their local MLS
Explanation
In Illinois, to legally receive referral fees for referring real estate clients, a person must hold an active or inactive real estate broker license. Unlicensed individuals cannot legally receive referral compensation for real estate referrals under Illinois law.
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