It is absolutely circumventing brokerage laws.

I am moving brokerages for business/money reasons.

In addition, I have checking linked to some brokerage accounts.

eXp does not yet in to property management (haven't seen any news on it either), so if that's what you want to do with your brokerage license, not possible.  

. - You can file a complaint against the licensed agent/brokerage with IDFPR:https://www.idfpr.com/Admin/Complaints.aspIf the agent/brokerage is a Realtor, you can file an ethics complaint here:https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/key-ethics-and-arbitrations-formsIf the agent/brokerage is a member of the Illinois REALTORS association, you can file an ethics complaint here (including anonymously):https://www.illinoisrealtors.org/ethics/ethics-citation-program/There are several methods to file a complaint in general with the Cook County here (might not be too quick a response):https://www.cookcountyil.gov/service/filing-complaint-0There is a board which oversees the land bank.

I currently don't have an active brokerage account but I would start one with either Vanguard or Fidelity. 

Honestly if you are asking, you need to get more training at your brokerage.

I have been offered an opportunity to launch property management for a brokerage from scratch.

Does one use for example a brokerage account cash position say at like a Fidelity or Schwab or do people use like a high interest savings like a Ally Bank, or Cap One 360 etc? 

Hi Everyone,My apologies for posting a question that has been likely asked gazillion times.I just passed my broker exam in WA and looking for a brokerage with low to reasonably priced desk fees.