A licensee knowingly conceals a material fact from a client during a transaction. The licensee argues that discipline cannot apply because the specific conduct is not labeled on any contract form. Under the Illinois Real Estate License Act of 2000, which statement is correct?
Correct Answer
A) Discipline can apply because the Act independently prohibits dishonest dealing regardless of contract form language.
Under 225 ILCS 454/20-20, the Illinois Real Estate License Act of 2000 expressly authorizes IDFPR to discipline a licensee for dishonest dealing, fraud, or misrepresentation, among other grounds. The Act's disciplinary authority is not confined to conduct labeled on contract forms; concealment of a material fact falls squarely within the statutory prohibition on dishonest dealing.
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Related Topics & Key Terms
Key Terms:
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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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