Illinois License Law
Under Illinois law, a real estate licensee who acts as a property manager must:
AHold a separate property management license from IDFPR
BHave their managing broker obtain a special endorsement
CBe licensed as a real estate broker and sponsored by a managing broker✓ Correct
DOnly hold a managing broker license
Explanation
In Illinois, property management activities (such as leasing, collecting rent, or managing property for others for compensation) require a real estate broker license sponsored by a managing broker. There is no separate property management license in Illinois.
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