Illinois Real Estate Exam Practice Question
In Illinois, a sponsoring broker may be subject to disciplinary action upon proof of
Correct Answer: A
Rationale: A: Offering a property for sale with terms that differ from those agreed to with the seller is a violation of fiduciary duty, which can lead to disciplinary action. Brokers must adhere strictly to the terms established in listings to maintain trust and legal compliance.
B: Refusing a listing based solely on a seller's equitable title is not a disciplinary issue, as brokers can choose listings based on various factors, provided they do not discriminate unlawfully.
C: Charging a commission above the customary rate is not inherently wrong; brokers have the discretion to set their fees based on services rendered and market conditions.
D: Sending a referral fee to a licensed Wisconsin broker is permissible if it complies with both states' regulations, and does not typically warrant disciplinary action.
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