Illinois License Law
Under the Illinois Real Estate License Act, a broker may accept compensation for a real estate transaction from:
AAny party who offers to pay
BOnly the buyer
COnly their sponsoring managing broker or brokerage✓ Correct
DAny licensed real estate professional
Explanation
Under Illinois law, a broker may only accept compensation from their sponsoring managing broker or brokerage — not directly from clients or other parties. The managing broker then distributes compensation to the broker per their agreement.
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