Illinois Real Estate Exam Practice Question
When transferring from one sponsoring broker to another in Illinois, the licensee shall
Correct Answer: A
Rationale: When transferring from one sponsoring broker to another in Illinois, submitting a transfer request in a manner prescribed by the department is essential to ensure compliance with state regulations. This formal process allows for proper documentation and oversight of the transfer.
Option B is incorrect because returning the license is not a requirement for a transfer; it is the request that initiates the process. Option C is misleading, as waiting for the renewal period would delay the transfer and is not a necessary step. Option D is also wrong, as a change of address fee pertains to updating personal information rather than transferring sponsorship.
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