Illinois Real Estate License Act Questions and Answers (Graded A)

Illinois Real Estate License Act Questions and Answers (Graded A)Illinois Real Estate License Act Questions and Answers (Graded A)Illinois Real Estate License Act Questions and Answers (Graded A)Illinois Real Estate License Act Questions and Answers (Graded A) Illinois Department of Financial and Professional Regulation (IDFPR) - ANSWER-Protects the public interest by ensuring a consistent level of competence, ethics, and professionalism by real estate licensees. Promulgates rules and regulations implementing the Real Estate License Act of 2000. The chief executive of the IDFPR is the Secretary, who is appointed by the Governor. Illinois Compiled Statues (ILCS) - ANSWER-A cumulative organization of Public Acts - bills that have been passed by the Illinois General Assembly that have become law - comiled into a coherent framework and divided into related chapters. The most critical chapters are 225 Professions and Occupations, 765 Property. Illinois Administrative Code - ANSWER-The collection of rules promulgated to support and enforce the law. They provide clarification or more detail.