Per the PSI Illinois Real Estate Candidate Information Bulletin, a candidate must achieve a scaled score of 75 on each section of the Illinois broker licensing exam (both national and state) to pass. If a candidate scores 72 on the national section, which statement is correct?
Correct Answer
B) The candidate fails the national section and must retake it; the score does not meet the passing standard.
PSI requires a scaled score of 75 on each section of the Illinois broker exam, and both sections must be passed independently. A score of 72 on the national section falls below the 75 requirement, so the candidate fails that section and must retake it.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
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