What is a requirement for sponsoring brokers under Illinois law?

Sponsoring brokers in Illinois play a crucial role in ensuring compliance with state laws regarding real estate transactions, including those involving leasing agents. One of the primary responsibilities of a sponsoring broker is to supervise all activities conducted by the leasing agents they manage. This supervision is essential to ensure that the leasing agents adhere to legal and ethical standards established by Illinois law and the Illinois Department of Financial and Professional Regulation.

The requirement for the sponsoring broker to supervise leasing agents provides oversight, helps maintain professional standards, and protects both consumers and the integrity of the real estate market. This supervision not only includes regular oversight of leasing transactions but also the training and guidance necessary to help leasing agents perform their duties effectively and ethically.

The other choices do not align with the specific requirements outlined for sponsoring brokers under Illinois law. Being a licensed attorney, submitting forms on behalf of leasing agents, and having a minimum number of agents are not stipulated requirements for a sponsoring broker to operate legally in the state. The emphasis on supervision underscores its importance in the relationship between the broker and the leasing agents they oversee.