- a) If a sponsoring broker, acting as a sole proprietor, operates under any name other than that appearing on the sponsoring broker's license, the sponsoring broker shall submit to the Division a copy of the sponsoring broker's registration under the Assumed Business Name Act [805 ILCS 405].
- b) If a sponsoring broker, acting as a partnership, corporation, limited liability corporation, limited partnership, or limited liability partnership, operates under any name other than that appearing on the sponsoring broker's license, the sponsoring broker shall submit to the Division a copy of the filing or certificate authorizing it to do business under an assumed name from the Illinois Secretary of State and in accordance with the Assumed Business Name Act [805 ILCS 405].
- c) Sponsored licensees, including a team or teams, may not operate under an assumed business name other than an assumed business name of their sponsoring broker.
- d) The sponsoring broker shall submit the information to the Division within 30 days after registration of the assumed name in a format provided by the Division.
(Source: Amended at 49 Ill. Reg. 9512, effective July 7, 2025)