Which group of individuals can the IDFPR impose fines on for license violations?

The IDFPR (Illinois Department of Financial and Professional Regulation) has the authority to impose fines for license violations on all licensed real estate professionals. This includes not only brokers but also managing brokers, salespeople, and any other individuals holding a real estate license in Illinois. The regulatory framework is in place to ensure that all professionals abide by the laws and regulations governing the real estate industry in the state.

By holding all licensed individuals accountable, the IDFPR can help maintain industry standards and protect consumers from unethical practices. This comprehensive approach reinforces the importance of compliance across the board, ensuring that any violation, regardless of the specific role of the licensee, can lead to disciplinary action, including fines.