Illinois License Law
What is IDFPR and what role does it play in Illinois real estate?
AIllinois Department of Finance and Property Resources; manages state-owned real estate
BIllinois Department of Financial and Professional Regulation; licenses and regulates real estate professionals✓ Correct
CIllinois Division of Federal Property Rights; handles condemnation proceedings
DIllinois Department of Fair Practice and Regulation; enforces fair housing laws
Explanation
IDFPR (Illinois Department of Financial and Professional Regulation) is the state agency responsible for licensing, regulating, and disciplining real estate professionals in Illinois. It administers the Illinois Real Estate License Act, issues and renews licenses, investigates complaints, and can discipline licensees through warnings, fines, suspensions, or revocations.
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