{"data":{"id":"us-il/815-ilcs-307-10-5.10","jurisdiction":"us-il","citation":"815 ILCS 307/10-5.10","heading":"Business Broker.","body":"\"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:\n(1) promises to procure a business for any person or assists any person in procuring a business from any third person;\n(2) negotiates, offers, attempts or agrees to negotiate the sale, exchange, or purchase of a business;\n(3) buys, sells, offers to buy or sell or otherwise deals in options on businesses;\n(4) advertises or represents himself as a business broker;\n(5) assists or directs in the procuring of prospects intended to result in the purchase, sale, or exchange of a business;\n(6) offers, promotes, lists or agrees to offer, promote, or list a business for sale, lease, or exchange.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","Illinois Business Brokers Act of 1995."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2325\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"419dce5966ae22f6743dfccca52d23c32c53cf14492b94259bbcf954c4c15ca6","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-307-10-5","next":"us-il/815-ilcs-307-10-5.15"},"notice":"GroundRules: Original legal text. Not legal advice."}