January 2012

Discipline Cases

Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation, www.idfpr.com/News/Disciplines/DiscReports.asp

• A licensed real estate leasing agent license was issued with reprimand and fined $100 for failure to indicate on the application that the licensee had been denied a permanent employee registration card in 2000.
• A real estate broker license was suspended for three months and fined $1,500 for depositing a $1,775 payment from a property owner into the licensee’s personal account.
• A real estate broker license was placed in refuse to renew status for failure to return $5,000 in escrow money in a timely manner.
• A real estate broker license was indefinitely suspended for failure to file and/or pay Illinois state income taxes.
• A real estate broker license was placed on probation for five years and restricted from licensure as managing broker for five years due to a 1985 felony conviction.
• A real estate broker license was reprimanded and fined $500 for practicing as a real estate broker while the license was in inoperative status.
• A real estate salesperson license was reprimanded and fined $500 after practicing on an expired license and advertising services under an unregistered name.