Upon moving to Illinois, what must a Missouri licensee do with their Illinois real estate license?

Prepare for the Illinois Broker Reciprocity Exam. Use flashcards and multiple-choice questions complete with hints and explanations. Ace your exam!

The requirement for a Missouri licensee moving to Illinois is to notify the Department of Financial and Professional Regulation about the change of address. This is essential because the license must be updated to reflect the current residency for compliance with the Illinois real estate regulations.

The notification process ensures that the licensing authority has accurate information regarding the licensee's current location, which is crucial for legal and operational reasons in real estate transactions. This step helps maintain licensure validity and ensures that the licensee is subject to Illinois real estate laws and regulations, which may differ from those in Missouri.

Other options involve actions that are unnecessary upon moving states. For instance, taking a pre-license course or passing the state license examination is not required for those who already hold a valid license in another state under reciprocity agreements. Similarly, surrendering the license for a new one is not necessary because the existing license can often be recognized, provided that proper notification is given. Thus, notifying the department is the key action required in this scenario.

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