Illinois General Assembly - Illinois Compiled Statutes

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225 ILCS 454/10-15

(225 ILCS 454/10-15)

(Section scheduled to be repealed on January 1, 2030)

Sec. 10-15.

No compensation to persons in violation of Act; compensation
to unlicensed
persons; consumer.

(a) No compensation may be paid to any unlicensed person in exchange for the
person
performing licensed activities in violation of this Act.

(b) No action or suit shall be instituted, nor recovery therein be had, in
any court of this State
by any person for compensation for any act done or service performed, the doing
or performing of
which is prohibited by this Act to other than licensed managing brokers, brokers,
or residential leasing agents unless
the person was duly
licensed hereunder as a managing broker,
broker, or residential leasing agent under this Act at the time that any such
act was done or service
performed that would give rise to a cause of action for compensation.

(c) A licensee may offer compensation, including prizes, merchandise,
services, rebates,
discounts, or other consideration to an unlicensed person who is a party to a
contract to buy or sell
real estate or is a party to a contract for the lease of real estate, so long
as the offer complies with
the provisions of subdivision (35) of subsection (a) of Section 20-20 of this
Act.

(d) A licensee may offer cash, gifts, prizes, awards, coupons, merchandise,
rebates or chances
to win a game of chance, if not prohibited by any other law or statute,
to a consumer as an
inducement to that consumer to use the services of the licensee even if the
licensee and consumer
do not ultimately enter into a broker-client relationship so long as the offer
complies with the
provisions of subdivision (35) of subsection (a) of Section 20-20 of this Act.

(e)   A licensee shall not pay compensation to an unlicensed person who is not or will not become a party to a real estate transaction in exchange for a referral of real estate services.

(f)   Nothing in this Section shall be construed as waiving or abrogating the provisions of the Real Estate Settlement Procedures Act (RESPA), 88 Stat. 1724.

(Source: P.A. 100-831, eff. 1-1-19; 101-357, eff. 8-9-19.)