Section 4 - Chapter 14 Flashcards
department of financial and professional regulation does:
protection of public, mostly through illinois real estate license act of 2000
division of professional regulation:
administers the real estate license act of 2000
real estate coordinator:
is the liason between the department and the industry
administration and discipline board:
works with cooridinator on issues of professional conduct
advisory council:
helps with picking real estate schools
continuing education requirements:
core: license law and escrow, agency and fair housing; electives - appraisal, property management, etc (not sales stuff)
sponsoring brokers must have written agreements with:
employees and ICs as well as all licensed assistants
who is a client:
any consumer working with a licensee unless in writing otherwise
personal assistants can be;
licenses or unlicensed with various abilities to do different work