Illinois License Law
If an Illinois licensee is found guilty of commingling client funds, which of the following penalties is MOST likely?
AA written warning with no further action
BA mandatory 3-hour ethics course
CLicense suspension or revocation and possible civil or criminal penalties✓ Correct
DAn automatic 5-year license suspension
Explanation
Commingling—mixing client funds with the licensee's personal or business funds—is one of the most serious violations under the Illinois Real Estate License Act of 2000. It can result in license suspension or revocation, civil liability, and even criminal prosecution for theft or conversion. The IDFPR takes trust account violations seriously and may audit licensees' trust accounts.
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