Illinois License Law
An Illinois real estate licensee who is convicted of a felony may have their license:
AAutomatically converted to a managing broker license as a condition of probation
BSuspended or revoked by IDFPR✓ Correct
COnly suspended if the felony directly relates to real estate activity
DUnaffected because criminal law and license law are separate
Explanation
IDFPR has authority to suspend or revoke the license of any Illinois real estate licensee who is convicted of a felony, regardless of whether the felony directly relates to real estate activity. A criminal conviction may indicate a lack of trustworthiness that is relevant to licensed activity.
Related Illinois Illinois License Law Questions
- Under the Illinois Real Estate License Act of 2000, a broker may only be sponsored by:
- A real estate broker in Illinois who knowingly provides false information to IDFPR in connection with a license application or renewal may face:
- Which of the following is a violation of the Illinois Real Estate License Act?
- The Illinois Department of Financial and Professional Regulation (IDFPR) may take disciplinary action against a licensee for which of the following reasons?
- What is IDFPR and what role does it play in Illinois real estate?
- What is the 'REALTOR' designation and how does it differ from 'real estate agent' in Illinois?
- What is the license renewal period for Illinois real estate licensees?
- What is the Illinois 'First Substantial Contact' requirement for real estate licensees?
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