A wide range of real estate professionals, such as brokers, appraisers, and home inspectors, operate under the oversight of the Illinois Real Estate Board, a division of the Illinois Department of Financial and Professional Regulation (IDFPR), and the Indiana Real Estate Commision, overseen by the Indiana Professional Licensing Agency (PLA). This board has the authority to discipline real estate licenses for various reasons. Those confronted with license suspension, revocation, or denial should seek guidance from a knowledgeable professional license defense attorney to safeguard their careers.
The Callahan Law Firm specializes in IDFPR and PLA cases. If your real estate license is at risk of suspension or revocation, our attorneys are here to offer representation. We strive to shield you and your license from the repercussions that could impact your career.
Why Real Estate Professionals Might Face License Action
Professionals in real estate, like agents and appraisers, could see their licenses disciplined due to consumer complaints or information provided to the Illinois Real Estate Board. This includes convictions for misdemeanors or felonies. Actions leading to discipline may involve:
- Providing services without a valid license
- Improper use of contracts
- Failure to follow professional standards
- Accusations of discrimination
- Misleading advertising
- Record-keeping failures
- Substance abuse issues
- Violating fair housing laws
- Mishandling escrow
- Other unprofessional conduct
Consequences for violating these allegations can range from probation, fines, payment of restitution, license suspension or permanent revocation of your real estate license.
Real Estate Broker License
Assistance for Real Estate Brokers Facing Disciplinary Action
Real estate brokers must hold and maintain a professional license. Violating any laws or regulations can lead to disciplinary measures, such as license suspension or revocation. If you're a real estate broker and have received a formal complaint or statement of issues, it could harm your professional reputation and license. In such situations, it's crucial to seek representation from a knowledgeable attorney to protect your career.
Role of Real Estate Brokers
Real estate brokers facilitate the legal transfer of real estate properties and negotiate lease and sale agreements, acting as intermediaries between buyers and sellers. They ensure that all parties adhere to contractual conditions during transactions and sometimes manage financing aspects of the deal.
Some brokers oversee sales teams, where team members might appear as brokers but are actually promoting for the licensed broker. Brokers need to be well-versed in state regulations and keep informed about local and federal economic conditions to market real estate effectively. Before finalizing a deal, brokers must evaluate its value and the competence of other experts involved. Due to the nature of their work, brokers often face various allegations and potential legal actions.
As a licensed real estate broker or salesperson, you have significant statutory and constitutional rights. Seeking immediate legal advice from an attorney experienced in real estate brokerage cases is essential to safeguard your rights and career.
Real Estate License Defense Attorneys at The Callahan Law Firm
Facing discipline, professionals may receive notices for hearings or conferences from IDFPR and PLA. Prior to meeting with investigators, submitting documents and records, or surrendering licenses, contact the professional license defense attorneys at the Callahan Law Firm. We can help you navigate potential disciplinary actions. Call now to schedule your free consultation and begin planning your real estate license defense.
