Illinois License Law
In Illinois, an individual who has a judgment entered against them in a real estate transaction may seek recovery from the:
AIllinois Housing Authority
BReal Estate Recovery Fund administered by IDFPR✓ Correct
CIllinois Consumer Protection Fund
DFederal Housing Administration (FHA)
Explanation
Illinois maintains a Real Estate Recovery Fund administered by IDFPR. Consumers who obtain a court judgment against a licensed real estate broker for fraud, misrepresentation, or deceit may apply for recovery from this fund if the judgment cannot be collected from the licensee.
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