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Outline

The Illinois Permit Sponsor Card form is a crucial document for individuals seeking licensure in the real estate sector, specifically as Brokers, Managing Brokers, or Leasing Agents. This form not only facilitates the application process but also serves as a means to change an individual's Sponsoring Broker. For those opting for self-sponsorship, completing the 45-day permit on one's own behalf is necessary. Additionally, applicants must provide either an original terminated license or an affidavit explaining its unavailability. It's important to note that changing a Sponsoring Broker incurs a fee of $25, which must be paid via check or money order made out to the Illinois Department of Financial and Professional Regulation (IDFPR). The form requires detailed employee information, including the current date, license number, and personal details such as name, social security number, and contact information. Furthermore, the sponsor's information must also be included, along with the managing broker's signature. Retaining two copies—one for the sponsor and one for the employee—is essential for record-keeping. For any inquiries, the IDFPR office provides a contact number for assistance, ensuring that applicants have the resources they need to navigate the licensing process effectively.

Sample - Illinois Permit Sponsor Card Form

45-DAY PERMIT SPONSOR CARD

ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION

Division of Professional Regulation/Real Estate Professions Section 320 West Washington Street, 3rd Floor

Springfield, Illinois 62786

Real Estate Licensing 217/782-3414

45-DAY PERMIT SPONSOR CARD

If you will be self-sponsored you must complete the 45-day permit on your own behalf.

This form is required to be completed in order to apply for licensure as a Broker, Managing Broker, or Leasing Agent.

You must include original terminated license or an affidavit explaining why the original license is not available.

This form is also required to change your Sponsoring Broker. When changing your Sponsoring Broker, there is a $25 fee. Payment must be in the form of a check or money order made payable to IDFPR.

EMPLOYEE INFORMATION

(Note: Must be submitted within 24 hours of Issuance)

CURRENT DATE _________________________

LICENSE NO. ____________________

NAME ___________________________________________SOC SEC NO._____________________

MAILING ADDRESS ________________________________________________________________

CITY, COUNTY, STATE, ZIP CODE

___________________________________________________

TELEPHONE NUMBER ( _ _ _ ) _ _ _ - _ _ _ _

GENDER ___________________

MANAGING BROKER

BROKER

LEASING AGENT

SPONSOR/FIRM INFORMATION

SPONSOR NAME ___________________________________ LICENSE NO. ___________________

D/B/A (IF APPLICABLE) ______________________________________________________________

MAILING ADDRESS _________________________________________________________________

CITY, STATE, ZIP CODE

_____________________________________________________________

TELEPHONE NUMBER

( _ _ _ ) _ _ _ - _ _ _ _

BY __________________________________________________ LICENSE NO. _________________

MANAGING BROKER SIGNATURE

Retain two copies, one for the sponsor and one for the employee.

If you have any questions, please contact our office.

Return Original to the address at the top of this form.

320WEST WASHINGTON STREET SPRINGFIELD, ILLINOIS 62786 PHONE: 217-785-9300 FAX: 217-782-3390 TDD: 217-524-6644 http://www.idfpr.com

IL 505-0345 (Revised 05/2012)

Form Information

Fact Name Details
Purpose of the Form The 45-Day Permit Sponsor Card is required for individuals applying for licensure as a Broker, Managing Broker, or Leasing Agent in Illinois.
Self-Sponsorship If an applicant is self-sponsored, they must complete the 45-day permit on their own behalf.
License Documentation Applicants must provide either an original terminated license or an affidavit explaining the absence of the original license.
Changing Sponsoring Broker A fee of $25 is required to change the Sponsoring Broker, and payment must be made via check or money order payable to IDFPR.
Submission Deadline Employee information must be submitted within 24 hours of issuance of the permit sponsor card.

Detailed Guide for Filling Out Illinois Permit Sponsor Card

Completing the Illinois Permit Sponsor Card form is essential for applying for licensure as a Broker, Managing Broker, or Leasing Agent. Make sure to gather all necessary information and documents before starting the process. Once you have filled out the form, you will need to submit it to the specified address.

  1. Write the current date in the designated space.
  2. Enter your license number.
  3. Fill in your name as it appears on your license.
  4. Provide your Social Security number.
  5. Complete your mailing address, including city, county, state, and ZIP code.
  6. Input your telephone number in the specified format.
  7. Select your gender.
  8. Check the appropriate box for your designation: Managing Broker, Broker, or Leasing Agent.
  9. For the sponsor information, enter the sponsor name.
  10. Provide the sponsor license number.
  11. If applicable, fill in the D/B/A (Doing Business As) name.
  12. Complete the sponsor mailing address, including city, state, and ZIP code.
  13. Input the sponsor telephone number.
  14. Sign the form as the Managing Broker and include your license number.
  15. Make sure to retain two copies of the form: one for the sponsor and one for the employee.
  16. Return the original form to the address listed at the top of the document.

Obtain Answers on Illinois Permit Sponsor Card

  1. What is the purpose of the Illinois Permit Sponsor Card form?

    The Illinois Permit Sponsor Card form is essential for individuals seeking to apply for licensure as a Broker, Managing Broker, or Leasing Agent in Illinois. It serves multiple purposes, including allowing self-sponsorship and facilitating changes to your Sponsoring Broker. Completing this form is a critical step in the licensing process.

  2. Who needs to complete this form?

    Anyone applying for a Broker, Managing Broker, or Leasing Agent license must complete the Illinois Permit Sponsor Card form. If you are self-sponsoring, you will need to fill it out on your own behalf. Additionally, if you are changing your Sponsoring Broker, this form is required, along with a $25 fee.

  3. What documents must be included with the form?

    When submitting the Illinois Permit Sponsor Card form, you must include either your original terminated license or an affidavit explaining why the original license is not available. This documentation is crucial for processing your application correctly.

  4. What is the fee for changing your Sponsoring Broker?

    If you are changing your Sponsoring Broker, there is a $25 fee associated with this process. Payment should be made via check or money order, made payable to IDFPR. It's important to include this payment with your application to avoid any delays.

  5. What information is required from the employee on the form?

    The employee information section requires several details, including:

    • Current date
    • License number
    • Name
    • Social Security number
    • Mailing address
    • City, county, state, and ZIP code
    • Telephone number
    • Gender
    • Type of license (Managing Broker, Broker, or Leasing Agent)

    All this information must be submitted within 24 hours of issuance to comply with regulations.

  6. What should I do after completing the form?

    After filling out the Illinois Permit Sponsor Card form, retain two copies: one for the sponsor and one for the employee. The original form should be sent to the address provided at the top of the form, which is:

    320 West Washington Street, 3rd Floor, Springfield, Illinois 62786.

    If you have questions or need assistance, don’t hesitate to contact the office using the provided phone number.

Common mistakes

Filling out the Illinois Permit Sponsor Card form is a crucial step for anyone looking to apply for licensure as a Broker, Managing Broker, or Leasing Agent. However, many individuals make common mistakes that can delay the process or even result in rejection of their application. Here are eight mistakes to avoid.

One frequent error is neglecting to include the original terminated license or an affidavit explaining its absence. This document is essential for processing the application. Without it, the form may be deemed incomplete, leading to unnecessary delays.

Another common mistake involves failing to provide accurate contact information. It is vital to double-check the telephone number and mailing address. Incorrect details can hinder communication and may prevent important notifications from reaching you.

Many applicants also overlook the requirement to submit the form within 24 hours of issuance. This timeline is strict, and missing it can result in complications. Timeliness is key when dealing with regulatory forms.

Some individuals mistakenly believe that they can submit a photocopy of the form. However, the Illinois Department of Financial and Professional Regulation requires the original form to be submitted. Always ensure you are sending the correct version to avoid any issues.

Another mistake is not including the appropriate payment when changing your Sponsoring Broker. A fee of $25 is required, and it must be submitted in the form of a check or money order made payable to IDFPR. Omitting this payment will delay the processing of your application.

In some cases, applicants fail to indicate their gender or the type of license they are applying for, such as Broker, Managing Broker, or Leasing Agent. This information is necessary for proper categorization and processing of the application.

Additionally, not retaining copies of the form can lead to confusion later. It is advisable to keep two copies: one for the sponsor and one for the employee. This practice ensures that both parties have a record of the application.

Lastly, applicants often forget to sign the form. The Managing Broker's signature is a critical component of the application. Without it, the form will be considered incomplete, further complicating the licensing process.

By avoiding these common mistakes, individuals can streamline their application process and increase their chances of a successful outcome. Attention to detail is essential when dealing with regulatory forms.

Documents used along the form

The Illinois Permit Sponsor Card form is a crucial document for individuals seeking licensure in the real estate profession. To ensure a smooth application process, several other forms and documents are often required. Below is a list of these important documents, each serving a specific purpose in the licensing journey.

  • Real Estate License Application: This form is necessary for individuals applying for a real estate license. It collects essential personal information, education history, and work experience relevant to the real estate field.
  • Background Check Authorization: Applicants must submit this document to authorize a background check. It helps the licensing authority verify the applicant’s criminal history and suitability for a real estate license.
  • Affidavit of Termination: If the original license is unavailable, this affidavit explains the circumstances. It is important for maintaining transparency in the application process.
  • Proof of Education: This document confirms that the applicant has completed the required educational courses. It often includes transcripts or certificates from accredited real estate schools.
  • Continuing Education Certificates: For those renewing their licenses, these certificates demonstrate completion of required continuing education courses within the specified time frame.
  • Payment Form: This form is used to submit the required fees associated with the application or license change. It typically includes options for payment methods and amounts due.
  • License Transfer Request: If an individual is changing their sponsoring broker, this form facilitates the transfer process, ensuring all parties are informed and agree to the change.
  • Disclosure of Agency Relationship: This document outlines the agency relationship between the broker and the client, clarifying the roles and responsibilities of each party involved in a real estate transaction.
  • Client Consent Form: This form is often required to obtain permission from clients for various transactions or communications, ensuring compliance with privacy regulations.

Each of these documents plays a vital role in the licensing process and helps to ensure that all necessary information is collected and verified. It is essential to gather and complete these forms accurately to avoid delays in obtaining your real estate license in Illinois.

Similar forms

  • Illinois Real Estate License Application: This document is similar to the Permit Sponsor Card as it also serves as a prerequisite for obtaining a real estate license in Illinois. Both forms require detailed personal information and are submitted to the Illinois Department of Financial and Professional Regulation.
  • Illinois Sponsoring Broker Change Form: Like the Permit Sponsor Card, this form is used when changing the sponsoring broker. It requires the submission of specific details about the new broker and may involve a fee, similar to the $25 fee mentioned in the Permit Sponsor Card.
  • Illinois Affidavit for Lost License: This document parallels the requirement for an affidavit in the Permit Sponsor Card when the original license is unavailable. Both forms necessitate an explanation and provide a legal basis for proceeding without the original document.
  • Illinois Temporary License Application: This application is akin to the Permit Sponsor Card as it allows individuals to work under specific conditions while waiting for their full license. Both documents require timely submission and contain information about the applicant's current status.
  • Illinois Real Estate Exam Registration Form: This form shares similarities with the Permit Sponsor Card in that it is a step in the licensing process. Both require personal information and are critical for moving forward in obtaining a real estate license in Illinois.

Dos and Don'ts

When filling out the Illinois Permit Sponsor Card form, it is essential to follow specific guidelines to ensure accuracy and compliance. Here are eight important dos and don'ts:

  • Do complete the form on your own behalf if you are self-sponsored.
  • Do provide your original terminated license or an affidavit if the original is unavailable.
  • Do submit the form within 24 hours of issuance.
  • Do include the correct fee of $25 when changing your Sponsoring Broker.
  • Don't forget to retain two copies of the completed form.
  • Don't leave any required fields blank; ensure all information is filled out completely.
  • Don't use cash for payment; only checks or money orders are accepted.
  • Don't submit the form without verifying that all information is accurate.

Misconceptions

Understanding the Illinois Permit Sponsor Card form is crucial for those involved in real estate licensing. However, several misconceptions can lead to confusion. Here are eight common misconceptions:

  • Self-sponsorship is not allowed. Many believe that individuals cannot sponsor themselves. In reality, if you will be self-sponsored, you must complete the 45-day permit on your own behalf.
  • The form is optional for licensure. Some think that completing the form is not necessary for applying for licensure. This is incorrect; the form is required to apply for licensure as a Broker, Managing Broker, or Leasing Agent.
  • Only new applicants need the form. There is a misconception that only first-time applicants need to submit this form. However, it is also necessary when changing your Sponsoring Broker.
  • Payment methods are flexible. Many assume that any payment method is acceptable. In fact, when changing your Sponsoring Broker, a $25 fee is required, and payment must be made by check or money order payable to IDFPR.
  • Submitting the form is a one-time task. Some individuals think they can submit the form at their convenience. However, the employee information must be submitted within 24 hours of issuance.
  • Only the employee needs to retain a copy. There is a belief that only the employee should keep a copy of the form. In truth, both the sponsor and the employee should retain copies for their records.
  • Affidavits are not accepted. Some people think that if the original terminated license is unavailable, they cannot proceed. This is misleading; an affidavit explaining why the original license is not available is acceptable.
  • Contacting the office is unnecessary. Many believe they can navigate the process without assistance. It is advisable to contact the office if there are any questions regarding the form or the process.

By clarifying these misconceptions, individuals can better navigate the requirements associated with the Illinois Permit Sponsor Card form and ensure compliance with the licensing process.

Key takeaways

Filling out the Illinois Permit Sponsor Card form is an essential step for those seeking licensure in real estate. Here are some key takeaways to keep in mind:

  • Self-Sponsorship: If you plan to self-sponsor, you must complete the permit application on your own behalf.
  • Licensure Requirement: This form is necessary for applying as a Broker, Managing Broker, or Leasing Agent.
  • Original License Submission: You need to include either the original terminated license or an affidavit if the original is unavailable.
  • Changing Sponsoring Broker: To change your Sponsoring Broker, you must submit this form along with a $25 fee.
  • Payment Method: Payments should be made via check or money order, payable to IDFPR.
  • Submission Deadline: Employee information must be submitted within 24 hours of issuance to ensure compliance.

Always retain two copies of the form—one for your records and one for the sponsor. If you have questions, reach out to the appropriate office for assistance.