Illinois License Law
An Illinois real estate broker may legally pay a commission or referral fee to:
AAny person who refers a client, regardless of licensure
BLicensed real estate brokers in Illinois or in other states✓ Correct
CUnlicensed individuals who are the broker's family members
DUnlicensed individuals if the fee is under $1,000
Explanation
Under Illinois law, real estate commissions and referral fees may only be paid to licensed real estate brokers, either in Illinois or in other states (subject to reciprocity or cooperation agreements). Paying referral fees to unlicensed individuals is prohibited regardless of the amount.
Related Illinois Illinois License Law Questions
- What is the process for an Illinois real estate license complaint investigation?
- How many questions are on the Illinois real estate broker licensing exam?
- Under Illinois law, a real estate licensee who acts as a property manager must:
- The Illinois Real Estate License Act of 2000 took effect on:
- In Illinois, a real estate license applicant who has been convicted of a crime must:
- What happens to an Illinois broker's license when the sponsoring managing broker terminates the relationship?
- Under the Illinois Real Estate License Act, which of the following is required for a valid exclusive listing?
- Under Illinois law, when is a real estate brokerage required to enter into a written agency agreement with a client?
Practice More Illinois Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Illinois Quiz →