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The rules regarding selling a business are governed by the Illinois Business Broker s Act of 1995 (BBA). The Illinois Secretary of State s Office is the agency in charge of administering the BBA. Since specifics are rather complicated, more information is available from IAR s illinoisrealtor.org. Simply click on Agency and specific information relating to selling a business is Question #2. You will need to log in to IAR s web site to access this information.
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As a REALTOR, do I need a seperate license to sell a business?
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