Why don't you have both licenses at the same brokerage? 

If you want the funds to be separate then you should create a separate LLC to not co-mingle funds.If you are simply looking to not pay your broker a split on the commissions then you should talk to them first to see how they want you to set it up outside of the umbrella of their brokerage (if that is even allowed in IL).

He is also willing to furnish a letter from his US brokerage firm to prove he has ample funds to cover for rent and expenses.What would you do?

Hey Jeremy, we do this at our brokerage.

The barrier to entry (education, experience, money, connections) do seem to be quite a bit higher to get all of those above mentioned benefits in comparison to opening a brokerage account and purchasing stocks.No essay needed.

Mike,  Pace cant take credit for that  TC have been around for decades at least in West coast brokerages..

Hi Hayes, I can't speak as effectively to your question as I'd like but I have a colleague that owns a mortgage brokerage in town.

Assignee is not relying upon, or being represented byAssignor or any other Real Estate Brokerage in this transaction.

I am more frustrated that the broker agency refuses to mark it as open on the mls. 

DM me if you want our brokerage information as I'm sure we would have an interested investor in the property.