Illinois License Law
An Illinois broker who moves to another state and wishes to keep their Illinois license active must:
ASurrender the Illinois license automatically upon relocation
BMaintain a sponsoring Illinois managing broker and fulfill all Illinois renewal requirements✓ Correct
CConvert to a managing broker license within 90 days
DNotify IDFPR but no further action is required
Explanation
An Illinois broker who relocates to another state may keep their Illinois license active as long as they maintain a sponsoring Illinois managing broker and continue to meet all renewal and continuing education requirements. There is no residency requirement for holding an Illinois real estate license.
Related Illinois Illinois License Law Questions
- In Illinois, a real estate broker who violates the Real Estate License Act may face disciplinary action including all of the following EXCEPT:
- A broker whose Illinois license has lapsed for more than two years must:
- Under Illinois law, a real estate licensee who acts as a property manager must:
- An Illinois broker who writes a discriminatory advertisement is subject to:
- How many hours of continuing education are required for Illinois broker license renewal?
- What is the 'managing broker's' obligation regarding the brokerage office in Illinois?
- Which of the following individuals is exempt from needing an Illinois real estate license when managing property?
- Which of the following persons is NOT required to hold an Illinois real estate license?
Practice More Illinois Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Illinois Quiz →