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Managing Broker to Broker Transfer Application Illinois Department of Financial and Professional Regulation Division of Real Estate 320 West Washington Street, 3rd Floor Springfield, Illinois 62786

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What is managing broker to broker?

Managing broker to broker refers to the process of transferring responsibility or authority from one managing broker to another within a real estate brokerage.

Who is required to file managing broker to broker?

Any real estate brokerage that is making a change in their managing broker is required to file managing broker to broker.

How to fill out managing broker to broker?

Managing broker to broker forms can typically be found on the state real estate commission's website and must be filled out completely and accurately.

What is the purpose of managing broker to broker?

The purpose of managing broker to broker is to ensure that there is a smooth transition of leadership within a real estate brokerage.

What information must be reported on managing broker to broker?

Information such as the names of the current and new managing brokers, contact information, and license numbers may need to be reported on managing broker to broker.

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