Sec. 10-5.10. Business Broker.

130 words·~1 min read·/il/chapter-815/act-307/10-5-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 10-5.10. Business Broker. "Business Broker" means any person who is required to register under Section 10-10 of this Act and, in return for a fee, commission, or other compensation:

(1)promises to procure a business for any person or assists any person in procuring a

business from any third person;

(2)negotiates, offers, attempts or agrees to negotiate the sale, exchange, or purchase

of a business;

(3)buys, sells, offers to buy or sell or otherwise deals in options on businesses;

(4)advertises or represents himself as a business broker;

(5)assists or directs in the procuring of prospects intended to result in the purchase,

sale, or exchange of a business;

(6)offers, promotes, lists or agrees to offer, promote, or list a business for sale,

lease, or exchange.