Comments on: I am a realestate broker in Illinois and want to hang my license at home and go inactive. Can I do this? http://www.eideti.com/homes-realestate/i-am-a-realestate-broker-in-illinois-and-want-to-hang-my-license-at-home-and-go-inactive-can-i-do-this Tue, 07 Feb 2012 10:12:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: rswpbc http://www.eideti.com/homes-realestate/i-am-a-realestate-broker-in-illinois-and-want-to-hang-my-license-at-home-and-go-inactive-can-i-do-this/comment-page-1#comment-3591 rswpbc Wed, 30 Jun 2010 21:54:59 +0000 http://www.eideti.com/homes-realestate/i-am-a-realestate-broker-in-illinois-and-want-to-hang-my-license-at-home-and-go-inactive-can-i-do-this#comment-3591 You need to contact the local Board of Realtors and/or the Real Estate Commissioner to let them know you want to be inactive. They may take your license and give you a copy for your files at home and put the original in your file at their office. This insures you are not practicing and keeps them up to date. If you don't let them know and just take it home you could lose your realtor and broker licenses. If you want to be paid a referral fee, you must have the agent you do business with state that you are a inactive broker so that the referral fee is legitimate. It will come back to haunt you and the agents you want to get paid from if you don't.<br><b>References : </b><br>16 yrs real estate Title & Escrow Mortgage You need to contact the local Board of Realtors and/or the Real Estate Commissioner to let them know you want to be inactive. They may take your license and give you a copy for your files at home and put the original in your file at their office. This insures you are not practicing and keeps them up to date. If you don’t let them know and just take it home you could lose your realtor and broker licenses.

If you want to be paid a referral fee, you must have the agent you do business with state that you are a inactive broker so that the referral fee is legitimate. It will come back to haunt you and the agents you want to get paid from if you don’t.
References :
16 yrs real estate
Title & Escrow
Mortgage

]]> By: alicialions http://www.eideti.com/homes-realestate/i-am-a-realestate-broker-in-illinois-and-want-to-hang-my-license-at-home-and-go-inactive-can-i-do-this/comment-page-1#comment-3590 alicialions Wed, 30 Jun 2010 21:13:59 +0000 http://www.eideti.com/homes-realestate/i-am-a-realestate-broker-in-illinois-and-want-to-hang-my-license-at-home-and-go-inactive-can-i-do-this#comment-3590 You probably have a good understanding for the laws governing realestate in your area since you are a realtor.<br><b>References : </b><br> You probably have a good understanding for the laws governing realestate in your area since you are a realtor.
References :

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