Can I have an Illinois real estate license, working for broker A, and also have a license in another state, working for broker B?
According to DFPR, the answer is yes, you could work for different brokers in different states, according to Illinois law. You should check with the other state involved, to be sure their law allows it. An agent says he lists and sells a lot of lower priced homes. He thinks some lenders in the area aren’t reputable and would like to have a list to give to buyer’s agents saying “Buyers must use one of the following lenders”. Or, “here is a list of our company’s “approved” home inspectors. You must use one of these” Response from Betsy Urbance: There are all kinds of potential issues here. If the agent is the listing agent only, then he should not be recommending these services to buyers anyway. If he is a dual agent, he might offer some suggestions if he has knowledge about reputable lenders and/or home inspectors. This is true if he is only the buyer’s agent too. If he is REQUIRING the use of particular service providers, then he is likely taking on a host of potential liability issues
Related Questions
- Can I have an Illinois real estate license, working for broker A, and also have a license in another state, working for broker B?
- Does College of DuPage offer the coursework required to obtain an Illinois Real Estate Broker License?
- What are the State of Illinois requirements for obtaining an Illinois Real Estate Broker License?
