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 reprimanded, fined $5,000 and required to complete additional education for failing to disclose all states of licensure and for receiving discipline in other states for violations which are substantially equivalent to grounds for which a license may be disciplined for in Illinois and failing to report that discipline.
- Real Estate Broker license revoked for a minimum period of five years for violating the terms of a Consent Order by practicing outside of the limits placed on their license and prepared and submitted quarterly reports to the Department where they forged the signature of his designated managing broker.
- Real Estate Broker Corporation license reprimanded for receiving discipline in another state for a violation related to the real estate profession and the performance of their duties. This is substantially equivalent to grounds for which a licensee may be disciplined for in Illinois and failing to report that discipline.
- Real Estate Broker license issued on probation due to prior license discipline and felony conviction for tax preparation.
- Applicant’s license is denied due to failure to meet the Division’s requirements for being of good moral character due to criminal convictions for a weapons violation and vehicle theft.
- Real Estate Managing Broker license revoked due to discipline on his Mortgage Loan Originator license.
- Real Estate Managing Broker license placed on probation with a practice limit due to prior criminal conviction and license discipline.
- Terminate order signed denying licensure for Real Estate Broker.
- Real Estate Broker license issued on probation due to prior felony convictions.
- Real Estate broker license suspended for being more than 30 days delinquent in the payment of child support.
- Real Estate Broker license suspended for failure to file and/or pay Illinois state income taxes.
