Illinois License Law
The Illinois Real Estate License Act requires that real estate teams operating within a brokerage:
ABe licensed as a separate brokerage entity
BInclude only managing brokers as team leaders
CUse team advertising that clearly identifies the sponsoring brokerage✓ Correct
DObtain IDFPR approval for the team name before advertising
Explanation
Real estate teams in Illinois may operate within a brokerage, but all team advertising must clearly identify the sponsoring brokerage. Team names cannot imply that the team is a separate brokerage.
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