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The Illinois Department of Financial and Professional Regulation (IDFPR) is the Illinois state government code department [1] [2] that through its operational components, the Division of Banking, Division of Financial Institutions, Division of Professional Regulation, and Division of Real Estate, oversees the regulation and licensure of banks and financial institutions, real estate businesses ...
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
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The practice of auctioneering involves more than the well-known auction chant heard at most auctions in the U.S. . In addition to learning the chant, a typical auction school will provide instruction on the legal requirements involved with auctioneering as well as instruction on how to conduct various types of auctions (livestock, real estate, government, etc.) and how to start and operate a ...
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Illinois law requires that, when a firearm is sold by a Federal Firearms License (FFL) holder, or in any private sale, the seller perform a dial-up inquiry to the State Police to verify that the buyer's FOID card is valid. This additional check is known as the Firearm Transfer Inquiry Program (FTIP).
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