Illinois § 18c-5102
Full text of Illinois Illinois Compiled Statutes § 18c-5102, with citation guidance and answers to common questions.
§ 18c-5102.
(from Ch. 95 1/2, par. 18c-5102) Sec. 18c-5102. Licensing of Brokers. (1) Procedures for Issuing Brokers' Licenses. The Provisions of Article II of Sub-chapter 4 of this Chapter which govern the form and manner of filing of applications for authority, notice to be given to the public, and hearing, shall likewise govern the issuance of a brokers' license. (2) Standards for Review of Brokers' License Applications. The Commission shall issue a license authorizing a person to act as a statewide broker of general commodities where: (a) The person has properly filed an application on forms prescribed by the Commission; (b) The person has remitted the filing fee prescribed by the Commission; (c) The person has filed proof of bond or insurance as required by Commission regulations; and (d) The Commission has determined that the person is fit, willing, and able to; (i) Act as a statewide broker of general commodities as authorized by the license; and (ii) Comply with provisions of this Chapter, Commission regulations and orders. Otherwise, the application shall be denied. (3) Suspension or Revocation of Brokers' Licenses. If at any time the Commission determines after notice and hearing that the holder of a broker's license is not fit, willing, or able to continue to act as a broker, the Commission may suspend or revoke the license. (Source: P.A. 84-796.)
Frequently Asked Questions About Illinois § 18c-5102
What does Illinois Compiled Statutes § 18c-5102 cover?
Section 18c-5102 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 18c-5102?
A common citation format is "Illinois Compiled Statutes § 18c-5102" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 18c-5102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.