Illinois License Law
Which of the following acts is REQUIRED of a sponsoring managing broker under the Illinois Real Estate License Act of 2000?
APaying for all continuing education courses for sponsored brokers
BProviding supervision, training, and oversight of all real estate activities performed by sponsored brokers✓ Correct
CCo-signing all purchase contracts written by sponsored brokers
DAttending all property showings conducted by sponsored brokers
Explanation
The Illinois Real Estate License Act of 2000 requires a managing broker to provide active supervision and oversight of all licensed brokers they sponsor. This includes implementing office policies, training, review of contracts and advertising, and ensuring compliance with license law. The managing broker does not need to personally attend every showing or co-sign every contract but must maintain a supervisory structure. Failure to supervise is itself a license law violation.
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