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 indefinitely suspended and fined $2,500 for failure to comply with the Department’s requests for documents during a brokerage examination and real estate limited liability license fined $2,500 for failure to comply with the Department’s requests for documents during a brokerage examination.
  • Real estate managing broker license indefinitely suspended for a minimum of one year and fined $170,000 for failing to account for or remit earnest money and for writing checks where the account had insufficient funds to honor the checks.
  • Real estate managing broker license reprimanded and fined $5,000 for aiding and abetting the unlicensed teaching of real estate pre-license classes by allowing an instructor to teach without a license.
  • Real estate leasing agent license indefinitely suspended for a minimum of six months and fined $750 for failure to complete continuing education prior to renewing the license and for stating on the renewal application that the continuing education had been completed.
  • Licensed real estate pre-license school license reprimanded for aiding and abetting the unlicensed practice of teaching real estate pre-license classes by allowing an instructor to teach without a license.
  • Real estate broker license indefinitely suspended for violating the terms of a consent order.
  • Real estate broker license suspended for failure to file and/or pay Illinois state income taxes.
  • Real estate broker license indefinitely suspended for being more than 30 days delinquent in the payment of child support.

 

2019-02-19T11:56:36-05:00February 19th, 2019|DR Legal News|0 Comments

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