According to Illinois law, what is included in the practice of real estate?

The practice of real estate in Illinois encompasses a broad range of activities, which is why the answer is accurate. This includes not only selling and leasing properties but also managing real estate and negotiating sales. Each of these activities plays a vital role in the real estate market, enabling professionals to provide comprehensive services to clients.

Selling pertains to the actual transaction where ownership of property changes hands, while leasing involves the temporary transfer of the right to use and occupy a property. Management refers to overseeing real estate properties on behalf of the owner, ensuring maintenance and operational efficiency, while negotiating deals is critical in facilitating smooth transactions between buyers and sellers or landlords and tenants.

The other options are more limited in scope. Focusing only on selling and leasing properties ignores the essential aspects of property management and negotiation, which are integral to the real estate profession. Marketing real estate properties, while important, is only one component of the broader practice, and it does not encompass the full range of services provided by real estate professionals. Providing legal advice on real estate transactions is a specialized area usually reserved for licensed attorneys, not real estate brokers, thereby differentiating it from the general practice of real estate.