Illinois License Law
Which of the following persons is NOT required to hold an Illinois real estate license?
AA person who manages apartments for multiple owners for a fee
BA person who sells new homes on behalf of a developer as their primary employment
CA person who sells only their own properties that they personally own✓ Correct
DA person who refers clients to brokers for a referral fee
Explanation
A person selling only their own property is exempt from licensing requirements in Illinois. However, individuals who manage property for others, sell on behalf of developers (unless a bona fide employee exemption applies), or collect referral fees typically need a license.
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