Question 64

A licensee must notify the Department of Financial and Professional Regulation of a change of address.

Upon moving to Illinois, a licensee who holds an Illinois real estate license is required to notify the Department of Financial and Professional Regulation about their change of address to maintain their license status.

A) take a pre-license course

Taking a pre-license course is not necessary for a licensee who already holds an Illinois real estate license. This option is incorrect as the individual does not need to take additional courses unless they are applying for a new license or do not meet current continuing education requirements.

B) pass the state license examination

Passing the state license examination is not required for someone who already possesses a valid Illinois real estate license. Since the licensee is moving within Illinois, this option is incorrect and unnecessary.

C) surrender the license and qualify for a new license

Surrendering the license and qualifying for a new one is not needed when moving within Illinois. The license remains valid as long as the licensee notifies the appropriate authorities of their address change, making this option incorrect.

D) notify the Department of Financial and Professional Regulation of a change of address

This option is correct because the licensee must inform the Department of Financial and Professional Regulation of their new address to ensure compliance with state regulations and maintain their active license status.

Conclusion

The requirement to notify the Department of Financial and Professional Regulation is essential for maintaining the validity of the real estate license after relocating. Other options fail to address the necessary steps for a licensee moving within the state, as they either involve unnecessary actions or misinterpret the requirements for license maintenance.