During a brokerage meeting in Evanston, Quinn Diaz first received an Illinois broker license on or after November 1, 2025 and asks when the license expires and what education is due. What is the best answer under current Illinois law or practice?
Correct Answer
D) The license expires on April 30, 2028, and the broker must complete 45 hours of post-license education by that date.
IDFPR's current broker fact sheet states that brokers first issued on or after November 1, 2025 receive an April 30, 2028 expiration and must complete 45 hours of post-license education by then.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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