225 ILCS 454/10-40

in effect

(225 ILCS 454/10-40) (Section scheduled to be repealed on January 1, 2030) Sec. 10-40. Company policy. Every brokerage company or entity, other than a sole proprietorship with no other sponsored licensees, shall adopt a company or office policy dealing with topics such as: (1) the agency policy of the entity; (2) fair housing, nondiscrimination and harassment; (3) confidentiality of client information; (4) advertising; (5) training and supervision of sponsored licensees; (6) required disclosures and use of forms; (7) handling of risk management matters; and (8) handling of earnest money and escrows. These topics are provided as an example and are not intended to be inclusive or exclusive of other topics. (Source: P.A. 96-856, eff. 12-31-09.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026