Illinois License Law
Which of the following individuals is exempt from needing an Illinois real estate license when managing property?
AA professional property management company
BAn individual managing properties owned by their employer as a regular employee✓ Correct
CA licensed attorney who charges fees for managing properties
DA broker from another state managing Illinois properties
Explanation
An employee who manages properties owned by their employer as part of their regular employment duties is exempt from real estate licensing requirements in Illinois. However, a professional property management company managing properties for outside owners must hold a real estate license.
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