Who can legally receive a commission in Illinois?

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

The choice indicating that an actively licensed real estate broker making referrals can legally receive a commission is correct because only individuals with an active real estate license have the legal authority to engage in real estate transactions and earn commissions from them. In Illinois, real estate brokers must maintain an active license to perform brokerage activities, including making referrals that lead to transactions.

In contrast, individuals not holding an active real estate license, such as a factory personnel manager giving referrals, do not have the legal standing to receive commissions related to real estate deals. Similarly, an insurance agent providing client names does not qualify under real estate commission regulations and may not legally collect a commission as this activity does not fall within the scope of real estate brokerage. Lastly, an inactive real estate licensee is also prohibited from receiving commissions since they are not authorized to conduct real estate activities until they reactivate their license.

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