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ILLINOIS REALTORSDISCLOSURE OF BUYERS DESIGNATED AGENT ___ (Sponsoring Brokerage Company, hereinafter referred to as Broker) designates ___ (\"Designated Agent\") as the legal agent(s) of ___ (hereinafter
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The sponsoring brokerage company hereinafter refers to the company that supports or financially backs another brokerage company.
The brokerage company that is being sponsored is required to file information about the sponsoring brokerage company.
The sponsoring brokerage company information can be filled out on a designated form provided by the regulatory authority overseeing brokerage companies.
The purpose of reporting the sponsoring brokerage company is to provide transparency and accountability in the financial backing of brokerage firms.
Information such as the name, address, financial standing, and relationship to the brokerage company being sponsored must be reported.
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