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 broker license fined $2,500 and required to take a class for giving a client a lockbox code to access the property without accompanying them.
- Real estate limited liability firm license suspended for a minimum period of six months and fined $2,500 for failing to provide requested documents to the Department.
- Real estate managing broker license and real estate pre-license instructor license suspended for one year and fined $1,000 for discipline on their mortgage loan originator license and license to practice law.
- Real estate broker license revoked and fined $25,000 due to failing to report prior felony convictions (including Aggravated Criminal Sexual Abuse/Victim Under 13 Years of Age) on their licensure application.
- Real estate broker license indefinitely suspended for a minimum period of one year and fined $10,000 for engaging in licensed real estate activities while their license was inactive, for engaging in licensed real estate activities without a sponsoring broker, aiding or abetting the unlicensed practice of another, and for failure to account for or to remit money coming into their possession that belongs to others.
- Real estate broker license fined $1,000 and ordered to complete courses for failing to meet the continuing education requirements prior to license renewal and for falsely certifying compliance on the renewal application.
- Real estate managing broker license indefinitely suspended for violating the conditions of a non-disciplinary order.
- Real estate broker license suspended for violating the terms of a consent order.
- Real estate broker license suspended for failure to file and/or pay Illinois state taxes.
- Real estate broker license suspended for being more than 30 days delinquent in the payment of child support payments.
- Real estate broker license issued on probation due to prior felony convictions.
