Which of the following is NOT a requirement for managing broker continuing education in Illinois?
Correct Answer
D) Completing an entirely separate 12-hour CE cycle in addition to the standard broker CE requirement
Under 225 ILCS 454 and IDFPR rules, managing brokers must complete 12 hours of CE per renewal cycle, which includes broker management-specific content within that 12-hour requirement — not a separate additional 12-hour cycle on top of it. A distinct, standalone second 12-hour cycle beyond the standard requirement does not exist.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
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.
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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