Unit 14 - Illinois Real Estate License Law with Complete Solutions

Unit 14 - Illinois Real Estate License Law with Complete SolutionsUnit 14 - Illinois Real Estate License Law with Complete SolutionsUnit 14 - Illinois Real Estate License Law with Complete SolutionsUnit 14 - Illinois Real Estate License Law with Complete SolutionsUnit 14 - Illinois Real Estate License Law with Complete SolutionsUnit 14 - Illinois Real Estate License Law with Complete Solutions Real Estate License Act of 2000 - ANSWER-current IL real estate license law (as amended in 2010), it aims to ensure that real estate practitioners in Illinois are competent to practice. Illinois Department of Financial and Professional Regulation (IDFPR) - ANSWER-is charged with protecting and improving the lives of Illinois consumers. The Division of Real Estate was created in 2014 to regulate the real estate industry. Is responsible for administering and enforcing the Real Estate License Act of 2000, and administers all licenses for Illinois real estate brokers, leasing agents, real estate branch offices, licensed education providers, etc. The four major funds administered through IDFPR - ANSWER-the Real Estate License Administration Fund, to which license fees and other funds initially go;