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 $1,000 for failure to disclose financial relationship to parties in two transactions and failing to obtain written authorization to act as a dual agent.
  • Real estate broker license fined $500 for failure to provide information to the Department upon request. 
  • Real estate managing broker license fined $1,000 for allowing potential buyers to remain in a client’s property without supervision.  
  • Real estate broker license placed on probation for one year and fined $1,000 for failing to account for or remit money coming into her possession that belong to others.   
  • Real estate managing broker license revoked and fined $100,000 for failing to maintain and deposit in a special account, all escrow money; failing to account for or remit money coming into possession that belong to others; failing to exercise reasonable skill and care in the performance of brokerage services; failing to promote the best interests of  client; and engaging in unprofessional conduct of a character likely to deceive, defraud, or harm the public.
  • Real estate broker license revoked for a minimum of one year and fined $9,000 for falsifying name on nine real estate contracts to avoid triggering a risk-management measure put in place by a purchaser of mortgage loans, engaging in a continued course of substantial misrepresentation and dishonorable conduct and unethical conduct was in direct violation of 225 ILCS 454/20-20 (a)(5), (10), (12), (21), (25), and (40).  
  • Real estate broker license reprimanded, fined $2,000 and ordered to cease and desist any activities that requires a license pursuant to the Real Estate License Act of 2000 for representing a buyer in the purchase of a home while license was in a non-renewed status.  
  • Real estate broker license fined $1,000 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.  
  • Real estate broker license issued and placed on probation for 18 months due to a prior criminal conviction and failure to disclose conviction on a prior application.  
  • 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.