Illinois Real Estate Exam Practice Question
A licensee who has received an Illinois broker's license and is sponsored by a brokerage firm can
Correct Answer: A
Rationale: A licensee with an Illinois broker's license, sponsored by a brokerage firm, is authorized to list and sell property, making option A accurate.
Option B is incorrect; while a broker can supervise agents, this specific role typically requires a managing broker's license. Option C is also wrong because maintaining an escrow account is a responsibility of the brokerage firm, not individual licensees. Lastly, option D is not applicable, as managing a branch office typically requires additional qualifications or designations beyond a standard broker's license.
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