Get Illinois Permit Sponsor Card Form

Get Illinois Permit Sponsor Card Form

The Illinois Permit Sponsor Card form is a crucial document required for individuals seeking licensure as a Broker, Managing Broker, or Leasing Agent in Illinois. This form not only facilitates the application process but also allows for changes in Sponsoring Brokers, ensuring compliance with state regulations. To get started, fill out the form by clicking the button below.

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The Illinois Permit Sponsor Card form is an essential document for anyone looking to become a licensed Broker, Managing Broker, or Leasing Agent in the state. This form must be completed to apply for licensure and is also necessary when changing your Sponsoring Broker. If you are self-sponsoring, you will need to fill out the form on your own behalf. It’s important to note that you must provide either your original terminated license or an affidavit if the original is unavailable. Additionally, a fee of $25 is required when changing your Sponsoring Broker, and payment should be made via check or money order payable to the Illinois Department of Financial and Professional Regulation (IDFPR). Employee information must be submitted within 24 hours of issuance, including your name, license number, and contact details. The form also requires the signature of your Managing Broker. After completing the form, retain two copies: one for yourself and one for your sponsor. If you have any questions or need assistance, the IDFPR office is available to help.

Document Breakdown

Fact Name Details
Purpose The 45-Day Permit Sponsor Card is necessary for applying for a Broker, Managing Broker, or Leasing Agent license in Illinois.
Self-Sponsorship If you are self-sponsored, you must complete the form on your own behalf.
Original License Requirement Submission of the original terminated license or an affidavit explaining its unavailability is required.
Changing Sponsoring Broker This form is also used to change your Sponsoring Broker, which incurs a $25 fee.
Payment Method Payments must be made via check or money order payable to IDFPR.
Employee Information Submission Employee information must be submitted within 24 hours of the issuance of the permit.
Contact Information For questions, individuals can contact the Illinois Department of Financial and Professional Regulation at 217-785-9300.
Retention of Copies Retain two copies of the form: one for the sponsor and one for the employee.

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Misconceptions

Understanding the Illinois Permit Sponsor Card form is crucial for those pursuing a career in real estate. However, several misconceptions can lead to confusion. Here are nine common misunderstandings:

  1. Self-Sponsorship is Not Allowed: Many believe that self-sponsorship is not permitted. In fact, if you are self-sponsored, you must complete the 45-day permit on your own behalf.
  2. Form is Optional: Some think that completing the form is optional. This is incorrect; it is required to apply for licensure as a Broker, Managing Broker, or Leasing Agent.
  3. Original License is Not Necessary: A misconception exists that you can submit the form without your original terminated license. You must include it or provide an affidavit explaining its absence.
  4. Changing Sponsoring Brokers is Free: There is a belief that changing your Sponsoring Broker incurs no cost. In reality, there is a $25 fee for this change.
  5. Employee Information is Not Time-Sensitive: Some assume that the employee information can be submitted at any time. It must be submitted within 24 hours of issuance.
  6. Only Brokers Can Sponsor: It is often thought that only licensed Brokers can sponsor. However, Managing Brokers and Leasing Agents can also sponsor individuals.
  7. Filing Copies is Unnecessary: Many believe that retaining copies of the form is unnecessary. In fact, you should keep two copies—one for the sponsor and one for the employee.
  8. Payment Methods are Flexible: There is a misconception that payment methods for the $25 fee are flexible. The payment must be made via check or money order, payable to IDFPR.
  9. Contact Information is Optional: Some individuals think that providing contact information is optional. This is incorrect; accurate contact information is essential for communication.

Addressing these misconceptions can streamline the licensing process and ensure compliance with Illinois regulations.

Example - Illinois Permit Sponsor Card Form

45-DAY PERMIT SPONSOR CARD

ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION

Division of Professional Regulation/Real Estate Professions Section 320 West Washington Street, 3rd Floor

Springfield, Illinois 62786

Real Estate Licensing 217/782-3414

45-DAY PERMIT SPONSOR CARD

If you will be self-sponsored you must complete the 45-day permit on your own behalf.

This form is required to be completed in order to apply for licensure as a Broker, Managing Broker, or Leasing Agent.

You must include original terminated license or an affidavit explaining why the original license is not available.

This form is also required to change your Sponsoring Broker. When changing your Sponsoring Broker, there is a $25 fee. Payment must be in the form of a check or money order made payable to IDFPR.

EMPLOYEE INFORMATION

(Note: Must be submitted within 24 hours of Issuance)

CURRENT DATE _________________________

LICENSE NO. ____________________

NAME ___________________________________________SOC SEC NO._____________________

MAILING ADDRESS ________________________________________________________________

CITY, COUNTY, STATE, ZIP CODE

___________________________________________________

TELEPHONE NUMBER ( _ _ _ ) _ _ _ - _ _ _ _

GENDER ___________________

MANAGING BROKER

BROKER

LEASING AGENT

SPONSOR/FIRM INFORMATION

SPONSOR NAME ___________________________________ LICENSE NO. ___________________

D/B/A (IF APPLICABLE) ______________________________________________________________

MAILING ADDRESS _________________________________________________________________

CITY, STATE, ZIP CODE

_____________________________________________________________

TELEPHONE NUMBER

( _ _ _ ) _ _ _ - _ _ _ _

BY __________________________________________________ LICENSE NO. _________________

MANAGING BROKER SIGNATURE

Retain two copies, one for the sponsor and one for the employee.

If you have any questions, please contact our office.

Return Original to the address at the top of this form.

320WEST WASHINGTON STREET SPRINGFIELD, ILLINOIS 62786 PHONE: 217-785-9300 FAX: 217-782-3390 TDD: 217-524-6644 http://www.idfpr.com

IL 505-0345 (Revised 05/2012)

Dos and Don'ts

When filling out the Illinois Permit Sponsor Card form, attention to detail is crucial. Here are nine essential do's and don'ts to consider:

  • Do complete the form on your own behalf if you are self-sponsored.
  • Do ensure the form is filled out accurately to apply for licensure as a Broker, Managing Broker, or Leasing Agent.
  • Do include the original terminated license or provide an affidavit if the original is unavailable.
  • Do remember to pay the $25 fee when changing your Sponsoring Broker.
  • Do submit employee information within 24 hours of issuance.
  • Don't forget to retain two copies of the form—one for the sponsor and one for the employee.
  • Don't leave any sections of the form blank; ensure all required fields are completed.
  • Don't use cash for payments; only checks or money orders are acceptable.
  • Don't hesitate to contact the office if you have any questions regarding the form.

Illinois Permit Sponsor Card: Usage Instruction

Completing the Illinois Permit Sponsor Card form is essential for those seeking licensure in real estate professions. Follow these steps carefully to ensure that all required information is accurately provided, facilitating a smooth application process.

  1. Enter the current date in the designated field.
  2. Fill in your license number next to the current date.
  3. Provide your full name in the corresponding space.
  4. Input your Social Security Number in the specified area.
  5. Complete your mailing address, including street, city, county, state, and ZIP code.
  6. Include your telephone number in the format (XXX) XXX-XXXX.
  7. Select your gender from the options provided.
  8. Indicate your role by checking the appropriate box: Managing Broker, Broker, or Leasing Agent.
  9. For the sponsor information, write the sponsor name in the relevant field.
  10. Provide the license number of the sponsoring broker.
  11. If applicable, enter the doing business as (D/B/A) name.
  12. Fill in the mailing address for the sponsor, including street, city, state, and ZIP code.
  13. Input the telephone number for the sponsor in the format (XXX) XXX-XXXX.
  14. Sign the form by providing the name of the person by whom the form is being submitted.
  15. Include the license number of the managing broker who is signing the form.
  16. Make two copies of the completed form: one for the sponsor and one for the employee.
  17. Return the original form to the address at the top of the document.

Once the form is filled out and submitted, it will be processed by the Illinois Department of Financial and Professional Regulation. Ensure all information is correct to avoid delays in your application. If you have questions, reach out to the provided contact numbers for assistance.