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VIDEO: Legal Briefs, Episode 3

In the third installment of Legal Briefs, Jeff Baker and Betsy Urbance discuss how real estate broker teams are impacted by agency law. Click here to watch (login required).

Scott Moomaw2019-01-02T09:57:46+00:00January 2nd, 2019|Legal A-Z, Agency, Teams|0 Comments

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).

Scott Moomaw2018-10-25T14:43:38+00:00October 12th, 2018|News, DR Legal News, Legal A-Z, Teams|0 Comments

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 [...]

Scott Moomaw2018-09-04T10:39:46+00:00September 4th, 2018|Legal, DR Legal News, Legal A-Z, Advertising, Teams|0 Comments
  • 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 division within a brokerage.

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 [...]

Stephanie Sievers2018-07-10T15:23:25+00:00June 27th, 2018|Illinois REALTOR® Magazine, Teams|0 Comments
  • 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, they must comply with the Illinois Real Estate License Act (Act) and the Illinois Real Estate License Act Rules (Rules).

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, [...]

Betsy Urbance2018-06-27T16:04:05+00:00June 27th, 2018|Illinois REALTOR® Magazine, DR Legal News, Teams|0 Comments
  • teams

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 [...]

Jeff Baker2018-06-20T16:32:22+00:00January 30th, 2018|DR Legal News, Advertising, Agency, Teams, Employment / Independent Contractor|0 Comments
  • Legal Update Illinois REALTORS Magazine January 2018 - Teams

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 [...]

Betsy Urbance2018-06-20T16:34:18+00:00January 28th, 2018|Legal, Illinois REALTOR® Magazine, Teams, Employment / Independent Contractor|0 Comments

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 [...]

Jeff Baker2018-01-30T16:52:30+00:00January 2nd, 2018|Teams|0 Comments
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