225 ILCS 454/5-45
2021 Illinois Compiled Statutes|Chapter 225 - PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS|225 ILCS 454/ - Real Estate License Act of 2000.|Article 5 - Licensing And Education

(Section scheduled to be repealed on January 1, 2030)Sec. 5-45. Offices.(a) If a sponsoring broker maintains more than one office within the State,  the sponsoring  broker shall notify the Department in a manner prescribed by the Department for each office other than the  sponsoring broker's  principal place of business.  The brokerage license shall be displayed  conspicuously in each   office.  The name of each branch office shall be the same as that of the  sponsoring broker's  principal office or shall clearly delineate the office's relationship  with the principal office.(b) The sponsoring broker shall name a designated managing broker for each   office and the  sponsoring broker shall be responsible for supervising all designated managing brokers.  The sponsoring  broker shall notify the Department in a manner prescribed by the Department of the name of all designated managing brokers of the  sponsoring broker and the office or offices they manage.    Any changes in designated managing brokers shall be reported to the Department in a manner prescribed by the Department within 15  days of the  change.  Failure to do so shall subject the sponsoring broker to discipline  under  Section 20-20 of this Act.(c) The sponsoring broker shall, within 24 hours, notify the Department in a manner prescribed by the Department of any  opening, closing, or  change in location of any office.(d) Except as provided in this Section, each sponsoring broker shall  maintain an office,  or place of business within this State for the transaction of real estate  business, shall conspicuously  display an identification sign on the outside of his or her physical office of adequate  size and visibility. Any record required by this Act to be created or maintained shall be, in the case of a physical record, securely stored and accessible for inspection by the Department at the sponsoring broker's principal office and, in the case of an electronic record, securely stored in the format in which it was originally generated, sent, or received and accessible for inspection by the Department by secure electronic access to the record. Any record relating to a transaction of a special account shall be maintained for a minimum of 5 years, and any electronic record shall be backed up at least monthly.  The office or place of business shall not be located in any  retail or financial business  establishment unless it is clearly separated from the other business and is situated within a  distinct area within  the establishment.(e) A broker who is licensed in this State by examination or  pursuant to the  provisions of Section 5-60 of this Act shall not be required to maintain a  definite office or place of  business in this State provided all of the following conditions are met:(1) the broker maintains an active broker's license     in the broker's state of domicile;(2) the broker maintains an office in the broker's     state of domicile; and(3) the broker has filed with the Department written     statements appointing the Secretary to act as the broker's agent upon whom all judicial and other process or legal notices directed to the licensee may be served and agreeing to abide by all of the provisions of this Act with respect to his or her real estate activities within the State of Illinois and submitting to the jurisdiction of the Department.The statements under subdivision (3) of this Section shall be in form and  substance the same as those  statements required  under Section 5-60 of this Act and shall operate to the same extent.(f) The Department may adopt rules to permit and regulate the operation of virtual offices that do not have a fixed location. (Source: P.A. 100-831, eff. 1-1-19; 101-357, eff. 8-9-19.)