Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation:
- A real estate managing broker license was automatically, indefinitely suspended for a minimum of three years for violating the terms of an order.
- A real estate managing broker license was placed in refuse to renew status due to his failure to maintain accurate or complete escrow and business records and failure to properly manage.
- A real estate managing broker license was reprimanded and fined $500 for failure to provide documents upon the request of the Department.
- A real estate managing broker license was placed on probation for approaching an individual who she knew was represented by another broker in an attempt to solicit business from that individual.
- A real estate managing broker license was placed on probation for one year due to his failure to obtain and distribute written agreements and failure to properly handle escrow accounts in connection with the management of a real estate property.
- A real estate broker license was placed on probation for two years and fined $4,000 for having failed to disclose his status as a licensee, acting as a dual agent without written consent of all clients, and acting as a dual agent in transactions where he or an entity in which he has an ownership interest in, was a party to the transaction.
- A real estate broker license was indefinitely suspended for a minimum of two years and fined $10,000 and real estate managing broker license denied because respondent accepted a $1,470 security deposit check and failed to return the security deposit check to the potential renter after the renter was not approved as a tenant and respondent also failed to respond to the Department's requests.
If you ever find yourself having an licensing issue, please contact Illinois License Defense Attorney James Goldberg at 312-735-1185 or visit his website www.goldberglicensing.com
