Sponsoring Broker definition

Sponsoring Broker means a Participant other than a DMA Customer that allows its designated Customers to access the SEF Platform using the Participant ID of the Participant and (i) with respect to Cleared Swaps, is a Clearing Member; and (ii) with respect to Non-Cleared Swaps, is (x) an FCM or Introducing Broker; or (y) non-U.S. Person acting in a similar capacity that is not required to register as an FCM or Introducing Broker under the Act and that is appropriately licensed in a jurisdiction where its DMA Customer is located.

Sponsoring Broker means the broker who has issued a

Sponsoring Broker means a Participant that designates one or more of its Customers as Direct Market Access Customers under the Rules.

Examples of Sponsoring Broker in a sentence

• Sponsoring Broker shall not be liable to Sponsored Licensee for any expenses incurred by Sponsored Licensee or for any of Sponsored Licensee’s acts, nor shall Sponsored Licensee be liable to Sponsoring Broker for Sponsoring Broker’s office help or expenses or any of Sponsoring Broker’s acts, other than as specifically provided for herein.

• Sponsored Licensee agrees that any and all listings of property, and all actions taken in connection with the real estate business, shall be taken by Sponsored Licensee in the name of Sponsoring Broker.

• If Sponsoring Broker shall have entered into a special contract or agreement pertaining to any particular transaction the Sponsoring Broker shall advise Sponsored Licensee of such special arrangement.

• Sponsored Licensee agrees to abide by the Illinois Real Estate License Act (RELA) requirements and standards of Sponsoring Broker as set forth in Sponsoring Broker’s Office Policy Manual, and according to RELA requirements for supervising new broker licensees prior to completion of 45 hour post license education.

• Sponsoring Broker shall notify Sponsored Licensee of any change in said schedule; or 🞎 Option 3: According to , which is a separate Addendum attached to this contract and which sets forth the commission and compensation agreement between Sponsoring Broker and Sponsored Licensee.

More Definitions of Sponsoring Broker

Sponsoring Broker means the broker who has issued a sponsor card to a licensed salesperson, another licensed broker, or a leasing agent.

Sponsoring Broker means the broker who certifies to the

Sponsoring Broker means a Participant that allows its designated Customers to access the SEF Platform using the Participant ID of the Participant and (i) with respect to Cleared Swaps, is a Clearing Member; and (ii) with respect to Non-Cleared Swaps, is an FCM or Introducing Broker.

Sponsoring Broker means the broker who has issued a sponsor card to a licensed managing broker, broker, or a leasing agent.

Sponsoring Broker means any individual real estate broker who sponsors associate brokers or real estate salespersons who participate in any activity described in this Section.

Sponsoring Broker s Name" means the sponsoring broker's name as licensed by the Department or the assumed name registered by the sponsoring broker with the Division, which in the case of a franchise shall include the franchise affiliation and the name of the individual firm.

Sponsoring Broker means a person with a license who operates as a corporation, limited liability company, partnership, limited partnership, or limited liability partnership, or an individual with a managing broker license who operates as a sole proprietor.