A sponsored licensee in Illinois wants to transfer their license to a new sponsoring broker. The current sponsoring broker refuses to release the licensee. What can the licensee do?
Correct Answer
C) Apply directly to IDFPR for license transfer regardless of current broker's consent
In Illinois, a sponsored licensee has the right to transfer their license to another sponsoring broker and can apply directly to IDFPR without requiring consent from their current sponsoring broker.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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