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 suspended for a minimum period of six months and fined $2,500 for failure to comply with several Department audit requests of their real estate business.
- Real estate managing broker license revoked and fined $25,000 for failing to account for or remit money coming into their possession that belong to another.
- Real estate limited liability firm license revoked and fined $25,000 for failing to account for or remit money coming into their possession that belong to another.
- 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 a minimum period of six months and fined $2,500 for failing to comply with a Department Broker Verification audit.
- Real estate broker license revoked and fined $5,000 for improperly altering the payee and the amount on their client’s earnest money check for their own use.
- Real estate broker license suspended for failure to file and/or pay Illinois state income taxes.
- Real estate broker license suspended for being more than 30 days delinquent in the payment of child support.
