With whom is the sponsoring broker required to have a written employment agreement?

The sponsoring broker must have a written employment agreement with licensed residential leasing agents, brokers, and managing brokers because this formal agreement outlines the working relationship, expectations, and obligations between the broker and the licensed individuals. Such agreements are crucial for compliance with state regulations and ensuring that all parties are clear on their roles, responsibilities, and the terms of their employment or association.

Having written agreements is essential for maintaining professionalism and accountability within the industry. This ensures that licensed individuals operate under the authority of the sponsoring broker while adhering to the legal standards required by the state of Illinois. Through these agreements, the sponsoring broker can effectively oversee agents' activities, provide necessary support, and maintain the integrity of the real estate business.

In contrast, administrative staff or unlicensed personal assistants do not require the same formal arrangements, as their roles do not involve the provision of licensed real estate services, which is why they wouldn’t be included under the same requirement.