January 2013 | D.R. Legal News

 
Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation, http://www.idfpr.com/News/Disciplines/DiscReports.asp
 
  • A real estate leasing agent license was indefinitely suspended for a minimum of one year for accepting compensation for the performance of real estate activities from someone other than her sponsoring broker.
  • A real estate leasing agent license was indefinitely suspended for a minimum of one year and fined $10,000 for advertising real estate property while his license was in an inoperative status.
  • A real estate broker license was revoked and fined $25,000 for brokering real estate rental agreements without holding a valid license.
  • A real estate broker license was revoked and fined $100,000 for failing to account for funds, failing to remit escrow monies and failing to respond to the Department's written demand for escrow records.
  • A real estate broker license was revoked for violating the terms of a Consent Order.
  • A real estate broker license was revoked and fined $25,000 for failing to provide notice that he was acting as a dual agent and failing to provide proper notice of a real estate transaction closing to one of the parties to the transaction.
  • A real estate salesperson license was indefinitely suspended for a minimum of one year and fined $10,000 due to his failure to remit escrow money and failure to respond to the Department's request for communication.
  • A real estate salesperson license was indefinitely suspended and fined $5,000 for failure to remit a security deposit.
  • A real estate salesperson license was indefinitely suspended and fined $15,000 for engaging in dishonorable, unethical and unprofessional conduct by failing to protect a client's confidential information.
  • A real estate managing broker license was suspended for being more than 30 days delinquent in the payment of child support.

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