When does the 120-day period for a student leasing agent begin?

The 120-day period for a student leasing agent begins on the day the sponsoring broker completes the 120-day permit online. This is because the permit effectively marks the official start of the student's ability to engage in leasing activities under the supervision of the sponsoring broker. The completion of the permit signifies that all necessary approvals have been obtained, making it the trigger for the student leasing agent to operate legally within their training framework. Thus, the countdown for the 120-day period starts from this administrative action, ensuring that the agent is recognized as eligible to practice starting from that point.

The other options do not accurately reflect the official start of the period. For instance, beginning after the first day of employment or when the leasing agent starts leasing do not consider the necessary completion of the permit process. Similarly, written notification from IDFPR is not the defining moment for the start of the 120-day period, as it is reliant on administrative action rather than a formal notification. Understanding the link between the permit completion and the start of the leasing agent's practice is essential for compliance with the regulations governing leasing agents in Illinois.