More than 450 real estate businesses received email notices from Illinois REALTORS® urging them to renew their entity licenses (i.e. corporation, LLC, branch) and avoid unlicensed practice complaints.
Managing brokers need to complete a form and send it to IDFPR with a check including late fees by Monday. (Remember, there is no online option.) Licenses in “non-renewed” status must be restored by the deadline to avoid becoming listed as “inoperative” by the IDFPR.* Check your status here.
(* If your entity becomes inoperative, all sponsored licenses will also be considered inoperative. This is very important information. If your entity license status is up to date, you do not need to do anything further at this time.)