Address 1200 Harger Road, Suite 830, Oak Brook, IL 60523
630-472-9700Available 24/7
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Kathryn L. Harry & Associates, P.C.
630-472-9700Available 24/7

Real Estate Broker's License Defense Lawyer Serving DuPage County, IL

Westmont Real Estate Agent License Defense Lawyer

Law Firm Defends Real Estate Brokers Before the IDFPR

When buying or selling a home, a good real estate agent is essential. With a skilled agent on their side, buyers and sellers can successfully navigate the process of listing a property for sale, making and responding to offers, negotiating contingencies, preparing the necessary paperwork, and finalizing a sale. However, due to the complexity of the process and the potential for abuse, the licensing process for real estate brokers in Illinois has some stringent requirements. Real estate brokers must work hard to obtain their license, and losing a license due to disciplinary action can be a devastating blow.

At Kathryn L. Harry & Associates, P.C., we understand how hard you have worked to establish yourself in your real estate career, and we know how much the potential loss of your license can affect your ability to support yourself and your family. Our skilled attorneys can represent you in a disciplinary hearing and help you reach the best possible resolution to your case.

IDFPR Disciplinary Action

Real estate broker's licenses are governed by the Division of Real Estate (DRE) of the Illinois Department of Financial & Professional Regulation (IDFPR). The DRE follows the statutes established in the Illinois Real Estate License Act of 2000, which lists a number of possible grounds for discipline, including:

  • False advertising or misrepresentation of information - Brokers can be disciplined for inaccurate, untruthful, or misleading advertising, making false promises, or using the trade name or insignia of a real estate organization of which they are not a member.
  • Conflicts of interest - If a broker acts as a representative of more than one party in a transaction, they must provide written notice to all parties. If a broker is also an attorney, they cannot act as both the attorney and broker for a buyer or seller in the same transaction.
  • Improper Handling of Money - Brokers must maintain a separate account for escrow money that is entrusted to them. Failure to follow proper escrow procedures, inability to properly account for money that is placed in their possession, or commingling personal assets with a client's property can result in disciplinary action.
  • Mismanagement of documents - Brokers must maintain documents related to real estate transactions and be able to furnish them upon request.
  • Unprofessional conduct - This includes any dishonorable or unethical acts meant to deceive or defraud the public, as well as any attempts to influence buyers, sellers, landlords, or tenants in a way that would promote racial or religious segregation. Brokers may also face disciplinary action if they abuse drugs or alcohol or are unable to practice their profession with reasonable judgment, skill, and safety due to illness or disability.

Contact an Oak Brook Real Estate Broker's License Defense Attorney

If you have received notice from the IDFPR that you are under investigation for any complaints, you should contact a license defense attorney as soon as possible. Our skilled attorneys will investigate the allegations and represent you in a disciplinary hearing, working to avoid any consequences to your license and protecting your ability to continue practicing your profession. Contact our DuPage County real estate broker's license defense lawyers today at 630-472-9700 to schedule a free consultation. We serve clients in Downers Grove, Hinsdale, Lombard, Willowbrook, Burr Ridge, Western Springs, and surrounding areas.

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