Illinois Real Estate Exam Practice Question
The main purpose of the Illinois Real Estate License Act of 2000 is to
Correct Answer: A
Rationale: The Illinois Real Estate License Act of 2000 primarily aims to regulate the real estate industry to ensure public protection, which encompasses consumer rights and ethical practices among real estate professionals.
Option B, while addressing a valid concern, focuses only on commission disputes and does not capture the broader intent of the Act. Option C emphasizes protection for agents, which is important but secondary to the public's interests. Option D suggests a focus on fair compensation for licensees, yet the Act's primary goal is to safeguard consumers and maintain industry integrity rather than solely ensuring fairness in compensation.
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