Leasing License Exam Completely Solved!!

What is the IDFPR? - ANSWER Illinois Department of Financial and Professional Regulation -the State entity that issues real estate licenses What are the 4 divisions of the IDFPR? - ANSWER 1. Real Estate Administration and Disciplinary Board 2. Real Estate Research and Education Fund 3. Real Estate Administration Fund 4. Peer Review Advisors How many people are on the Real Estate Administration and Disciplinary Board and who are they appointed by? - ANSWER 9 people and are appointed by the governor How long do the terms for the Real Estate Administration and Disciplinary Board last? - ANSWER 4 years (no member can serve more than 2 terms) how long must you have been an IL resident to be on the Real Estate Administration and Disciplinary Board? - ANSWER for a minimum of six years prior to appointment 6/9 of the Real Estate Disciplinary Board need to have been? - ANSWER brokers/salespeople for a minimum of 10 years 3 of the members of the Real Estate Disciplinary Board are..... - ANSWER non-licensees and serve as representatives of the general public (non-voting members) How many board meetings must each member of the Real Estate Administration and Disciplinary Board have to attend in order to not be terminated? - ANSWER at least 4 board meetings in 1 year What do members of the Real Estate Administration a