Who is required to have an active real estate license to engage in Illinois real estate?

In Illinois, all brokers and managing brokers are required to have an active real estate license to engage in real estate activities. This includes conducting property transactions, representing clients, and engaging in any activities that fall under real estate services as defined by state law.

Brokers, who work under the supervision of managing brokers, must also maintain their licenses in order to perform their duties legally. Managing brokers, possessing a higher level of licensure and the capability to operate independently or oversee other brokers, are also obligated to have an active license.

The requirement for active licensure ensures that all individuals involved in real estate transactions have met the necessary education, training, and legal standards to protect consumers and uphold the integrity of the real estate profession. This regulation fosters trust, professionalism, and accountability within the industry, as only qualified individuals are permitted to represent clients and facilitate real estate deals in Illinois.