Real Estate Disciplines

Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation. Visit their website for more details and the most current disciplinary action.

  • Real estate managing broker license fined $2,500 and suspended for a minimum period of six months for failing to provide the Department with documents requested during a Broker Verification Examination.
  • Real estate broker license suspended for six months, fined $2,000, and ordered to complete education for moving their mother into a client’s rental property without permission.
  • Real estate managing broker license revoked and fined $25,000 for failure to remit $15,000 earnest money belonging to another; writing a check with insufficient funds to remit earnest money; engaging in dual agency without the informed written consent of all parties; and failure to provide documents to the Department upon request.
  • Real estate broker corporation license revoked and fined $25,000 for failure to remit $15,000 earnest money belonging to another; writing a check with insufficient funds to remit earnest money; and failure to provide documents to the Department upon request.
  • Real estate broker license granted and placed on probation for one year for failing to disclose in their application that their previous real estate residential leasing agent license had been disciplined in 2019.
  • Real estate managing broker license fined $1,000 for failing to account for, or to remit any money, coming into possession that belongs to others.
  • Real estate residential leasing agent license granted on probation due to a prior felony conviction and prior license discipline.
  • Real estate broker license suspended for being more than 30 days delinquent in the payment of child support.
  • Real estate broker license suspended for failure to file and/or pay Illinois state income taxes.
  • Real estate managing broker license suspended for violating the terms of a consent order.
Your Illinois REALTORS® Legal Team