Illinois License Law
A real estate broker in Illinois who knowingly provides false information to IDFPR in connection with a license application or renewal may face:
AOnly a $100 fine
BLicense denial, suspension, or revocation and possible criminal charges for fraud✓ Correct
COnly mandatory additional education requirements
DA 6-month probationary period with no other consequences
Explanation
Providing false information to IDFPR in connection with a license application or renewal is fraud. Illinois law provides for denial, suspension, or revocation of the license as an administrative penalty, and the individual may also face criminal charges for filing false information with a government agency.
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