Which activity requires an Illinois real estate broker's license?

The activity that requires an Illinois real estate broker's license involves earning a fee for referring a buyer. In Illinois, any person or entity that engages in activities that are considered real estate brokerage must be licensed. This includes not only traditional brokerage activities such as selling and leasing property but also activities that may seem ancillary, like earning a fee for a referral. This can include referring potential buyers to agents or brokers for a fee, which falls under the definition of brokerage activities regulated by the state.

On the other hand, collecting a commission for conducting a personal property auction and serving as a resident manager of an apartment complex typically do not require a real estate broker’s license. While these roles may involve interactions related to property transactions, they do not meet the specific criteria for activities defined as real estate brokerage. Additionally, purchasing easements as an employee of a utility company is more a function of the employee's role in that company rather than an activity performed as a broker; thus, it does not necessitate a real estate broker's license.

In summary, earning a fee for referring a buyer falls directly under the requirements for licensure, emphasizing the importance of being licensed for any activity that implicates real estate brokerage.