Real Estate Disciplines
Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation. Visit their website for more details and the most current disciplinary action.
- Real estate managing broker license fined $10,000 for engaging in licensed real estate activities without a license, entering into an exclusive listing agreement that failed to contain minimum services, and failure to provide documents to the Department upon request.
- Real estate managing broker license and real estate broker corporation license fined $2,000 jointly and severally and real estate managing broker ordered to take a course for engaging in dual agency without authorization of the clients.
- Real estate broker license fined $1,000 for failure to deliver a signed mutual cancellation agreement to their sponsoring broker.
- Real estate broker license revoked due to a felony conviction for unauthorized video recording.
- Real estate managing broker license suspended for a minimum period of one year and fined $1,000 for failing to provide the Department with documents requested during a Broker Verification Examination.
- Real estate broker corporation fined $2,000 for engaging in licensed real estate activities while inactive and entering into an exclusive listing agreement that failed to contain minimum services.
- Real estate broker license suspended for a minimum period of two years and fined $5,000 for engaging the practice of real estate brokerage while their license was expired, and for acting outside the allowed scope of duties of an unlicensed assistant.
- Real estate broker license reprimanded and fined $2,000 for aiding and abetting the unlicensed practice of real estate and failing to exercise reasonable skill and care in the performance of brokerage services by allowing an unlicensed individual to perform licensed real estate activities.
- Real estate managing broker license suspended for a minimum of one year and fined $5,000 for having aided and abetted the unlicensed practice of real estate and failing to remit monies or documents coming into their possession that belong to others.
- Real estate broker license fined $3,000 for performing licensed real estate activities while their sponsor’s license was inactive.
- Real estate corporation license reprimanded for practicing while inactive.
- Real estate broker license granted and placed on probation for two years due to a prior felony conviction.
- Real estate managing broker license suspended for one year, fined $5,000 and may not act as a Designated Managing Broker for practicing while suspended.
- Real estate residential leasing agent license suspended for violating the terms of an Order.
- Real estate broker license suspended for being more than 30 days delinquent in the payment of child support.
- Real estate managing broker suspended for failure to file and/or pay Illinois state income taxes.
About the writer: Kelli Jessup is a Digital Content & Marketing Specialist with Illinois REALTORS®.
