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AUCTIONEERS COMPLIANCE REAL ESTATE LEGISLATION To be compliant under the Real Estate Industry Reform Act, is proof of attainment of PRDRE26A, Conduct Sale by Public Auction, a unit of PRDRE40101 Certificate
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What is 225 ilcs 407 auction?
225 ILCS 407 refers to the Illinois Auction License Act, which governs the licensing and regulation of auctioneers and auction services in Illinois.
Who is required to file 225 ilcs 407 auction?
Persons or businesses intending to operate as auctioneers in Illinois are required to file under 225 ILCS 407.
How to fill out 225 ilcs 407 auction?
To fill out the 225 ILCS 407 auction form, applicants need to provide personal information, business details, and comply with all required documentation for the auctioneer license.
What is the purpose of 225 ilcs 407 auction?
The purpose of 225 ILCS 407 is to establish standards and regulations for auctioneering practices to ensure consumer protection and fair business practices in the state.
What information must be reported on 225 ilcs 407 auction?
Information that must be reported includes auctioneer identification, total sales, licenses, and compliance with commercial regulations.
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