Real Estate Disciplines July 2013

Real Estate Disciplines

Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation,

  • A real estate managing broker license was revoked for violating the conditions of a prior non-disciplinary order.
  • A real estate broker license was suspended for three months and fined $2,500 for publishing articles on an Internet website that falsely stated that the Illinois Department of Financial and Professional Regulation had taken disciplinary action, or was investigating, certain licenses.
  • A real estate broker corporation license was reprimanded and fined $1,000 for failing to renew the corporate license, engage in the unlicensed practice of real estate, to have proper signage, to terminate licenses within two days; and used a UPS address as a mailing address.
  • Several unlicensed companies were ordered to cease and desist the unlicensed practice of time share land sales.