Under the Illinois Real Estate License Act of 2000, how are attorneys admitted to practice under Illinois Supreme Court rule treated with respect to continuing education requirements at license renewal?
Correct Answer
D) They are exempt from CE requirements but must still certify compliance with CE on the renewal application.
Under IDFPR rules implementing the Illinois Real Estate License Act of 2000, attorneys admitted pursuant to Illinois Supreme Court rule are exempt from the continuing education requirement. However, the exemption does not eliminate the renewal application itself — the attorney-licensee must still complete the renewal application and certify their compliance status, which includes acknowledging the CE exemption.
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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?
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