VIDEO – Legal Briefs, Episode 2
The second episode of Legal Briefs takes a look at the employment issues that arise when forming a broker team within a sponsoring brokerage. Click here to view the new episode (member login required).
VIDEO: Legal Briefs, Episode 1: Team Names
Introducing our new video series, “Legal Briefs,” starring (cartoon versions of) Illinois REALTORS® General Counsel and Vice President of Legal Services Betsy Urbance and Associate General Counsel and Director of Legal Services Jeff Baker. These brief videos will touch on [...]
Team Players: Tips for Making the Team Concept Work for You
Stay on the Right Side of the License Law with Your Team Real estate teams may be an increasingly popular business model but remember that the Illinois Real Estate License Act applies and affects how teams can operate like a [...]
Teams – What Are(n’t) They?
Real estate brokerage teams are clearly here to stay. Some are big. Some are smaller. They are different things to different companies. No matter how many teammates, or what size the team is, to the extent that they contain licensees, [...]
Many Teams, One License Law
Teams continue to expand both in size and creativity. But as their popularity surges it is important to remember that there is only one license law, which applies to all licensees, whether a team is involved or not. For [...]
For whom may licensees work?
Have you ever found yourself in a situation where you should be asking yourself “Am I working for more than one sponsoring broker?” It’s an important question because this is a fundamental part of the Illinois Real Estate License [...]
Are all team members automatically considered dual agents?
Q. If a team operates within a real estate brokerage company, are all team members automatically considered dual agents? (What Is a Team? While not defined within the Act, for discussion purposes, a “team” is a functional unit [...]