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Brokers License No. Trust No. ILLINOIS COMMERCE COMMISSION 527 EAST CAPITOL AVENUE SPRINGFIELD, IL 62701 BROKERS TRUST FUND AGREEMENT (Pursuant to 625 ILLS 5/18c5105) KNOW ALL MEN BY THESE PRESENTS,
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01
Obtain a copy of the brokers trust fund agreement form from the appropriate regulatory agency or organization.
02
Read through the form carefully to understand all the terms and conditions laid out in the agreement.
03
Fill in all the required information accurately, including the names and contact details of the parties involved, the amount of funds being held in trust, and any other relevant details.
04
Sign and date the agreement where indicated, ensuring that all parties involved also sign the document.
05
Keep a copy of the completed brokers trust fund agreement for your records.

Who needs brokers trust fund agreement?

01
Real estate brokers and agents who handle client funds in the course of their business transactions.
02
Property managers who are responsible for collecting and holding rent payments on behalf of property owners.
03
Any individual or organization entrusted with the management of funds belonging to others and required to maintain strict adherence to financial regulations.
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Brokers trust fund agreement is a legal document that outlines how a broker must handle client funds in a trust account.
Brokers who handle client funds in a trust account are required to file brokers trust fund agreement.
Brokers must fill out brokers trust fund agreement by providing information about their trust account, how client funds are handled, and any applicable regulations.
The purpose of brokers trust fund agreement is to ensure that brokers are handling client funds in a responsible and legal manner.
Brokers must report information about their trust account, client funds, and any transactions involving client funds.
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Relevant keywords

illinois trustor severally therefrom undertakings ilcs 18c trustors inure successors executors hereinafter solvency comprising shippers hereto shipper whereof concurrent assigns fiduciary jointly evidenced acknowledges applicable arising administrators he

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