An Illinois real estate broker is also an attorney admitted to practice under Illinois Supreme Court Rule 711 or its equivalent. How does Illinois law treat this broker's continuing education requirement at renewal?
Correct Answer
B) The attorney-broker is exempt from CE requirements, though the renewal application still requires a certification of compliance.
Under 225 ILCS 454/10-15 and related IDFPR rules, attorneys admitted to practice law in Illinois pursuant to Illinois Supreme Court rule are expressly exempt from the continuing education requirements that apply to other licensees. The policy rationale is that attorneys are subject to their own mandatory continuing legal education (MCLE) requirements and professional oversight through the Illinois Supreme Court, making duplicative real estate CE unnecessary. However, the exemption does not eliminate the renewal process itself — the attorney-broker must still submit a renewal application and certify compliance with applicable requirements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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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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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