Illinois License Law
In Illinois, false or misleading advertising by a real estate licensee is prohibited under:
AOnly the Illinois Consumer Fraud and Deceptive Business Practices Act
BThe Illinois Real Estate License Act of 2000, the Illinois Consumer Fraud Act, and REALTOR® ethics standards✓ Correct
COnly if the advertising results in a financial loss to a consumer
DFederal advertising standards only
Explanation
False or misleading advertising by Illinois real estate licensees violates multiple laws and standards: the Illinois Real Estate License Act of 2000 (license discipline), the Illinois Consumer Fraud and Deceptive Business Practices Act (civil liability), and the NAR Code of Ethics (for REALTORS®). Examples include misrepresenting property features, false claims about square footage, exaggerated neighborhood descriptions, or misleading price claims.
Related Illinois Illinois License Law Questions
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- Under the Illinois Real Estate License Act of 2000, what is the consequence for a licensee who fails to disclose a material fact about a property?
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