Can Agent A be licensed in Illinois and also in another state, such as Arizona, by different brokers? Who would get referral fees if Agent A referred business out?
Yes, as long as Agent A is not licensed by reciprocity, he could be licensed in another state by different broker.Regarding the referral fees, I think you would have to look at where the agent was “working” at the time of the referral. It could also be handled through the broker’s independent contractor agreement.
Related Questions
- Can Agent A be licensed in Illinois and also in another state, such as Arizona, by different brokers? Who would get referral fees if Agent A referred business out?
- If I am licensed in Illinois but practice in another state that has different trust account rules, which rules control?
- Does the price include Illinois state sales tax and are there any other taxes, charges or fees included in the price?
