SU # 32__Disciplinary Actions Flashcards
What is the maximum fine the Department can impose on license violations?
A fine not to exceed $25,000
What methods of advertisement are subject to disciplinary actions?
Advertising in a way that is inaccurate, misleading, or contrary to the Act.
What does commingling of monies refer to?
Mixing personal accounts with escrow account monies
A licensee who violates license law the first time is guilty of which of the following?
A first-time offender is guilty of a Class A Felony.
A first-time offender is guilty of a Class B Felony.
A first-time offender is guilty of a Class A Misdemeanor.
A first-time offender is guilty of a Class C Felony.
A first-time offender is guilty of a Class A Misdemeanor.
Carol’s legal action must start within how many years after she became aware of the acts that led to legal action to obtain recovery from the fund?
Carol’s legal action must begin within 2 years.
Carol’s legal action must begin within 3 years.
Carol’s legal action must begin within 4 years.
Carol’s legal action must begin within 5 years.
Carol’s legal action must begin within 2 years.
Which of the following is a fund established from real estate license revenues to cover claims of “wronged” parties who have suffered monetary damages due to a real estate licensee?
Real Estate Administration Fund
Real Estate Revenue Fund
Real Estate Support Fund
Real Estate Recovery Fund
Real Estate Recovery Fund
Lawrence practiced real estate without a license and was caught for the second time . For his offense, Lawrence can be charged with a _________________________.
Class C felony
Class 4 felony
Class A misdemeanor
Class B felony
Class 4 felony
Who can file a complaint with the IDFPR?
Only IDFPR Board Members
HUD approved clients
Pre-approved licensees
Anyone
Anyone
Which of the following organizations would initiate the investigation of anyone regulated by Illinois’ license act?
Real Estate Administration and Disciplinary Board of IDFPR
Council of the IDFPR
Illinois Environmental Protection Agency
Illinois Human Rights Act Committee
Real Estate Administration and Disciplinary Board of IDFPR
Ads not stating the broker’s name, not stating that the advertiser is licensed, or those with only a phone number, P.O. box, or street address are known as:
blank ads
blind ads
general ads
generic ads
blind ads
How many days from receipt of a peer review does the Department have to respond?
20 days
60 days
30 days
45 days
30 days
