1. a) Each applicant for a managing broker license shall submit to the Division:

   1. 1) A signed and completed application in a format provided by the Division;
   2. 2) The required fee set forth in Section 1450.130;
   3. 3) Proof of successful completion of the written examination on Illinois-specific brokerage laws authorized by the Division;
   4. 4) Proof of sponsorship or self-sponsorship if the applicant is seeking an active license (see Section 1450.110);
   5. 5) A transcript, if applicable;
   6. 6) If the applicant will be a self-sponsored managing broker, a completed consent to examine and audit special accounts form;
   7. 7) A certification that the applicant has been actively licensed and in good standing as a broker for 2 consecutive years out of the last 3 years; and
   8. 8) Any other documentation prescribed by the Division.
2. b) An applicant shall have one year from the date of receipt of a passing examination score to submit an application with the Division and to meet all of the requirements for licensure.
3. c) A self-sponsored managing broker shall comply with all the office requirements set forth in Section 1450.610.

(Source: Amended at 49 Ill. Reg. 9512, effective July 7, 2025)