Question 44

A licensee who has received an Illinois broker's license and is sponsored by a brokerage firm can list and sell property.

With an Illinois broker's license and sponsorship from a brokerage firm, a licensee has the authority to list and sell properties, which is a primary function of real estate brokers.

A) list and sell property.

This option is correct because it directly reflects the fundamental capabilities of a licensed broker in Illinois. A broker can engage in the sale and listing of real estate, which is essential for conducting business in the real estate market.

B) supervise a residential leasing agent.

While a broker may have the ability to supervise agents, this option does not specifically address the primary activities permitted under an Illinois broker's license. Supervising agents may require additional responsibilities not inherently granted by the licensing itself.

C) maintain an escrow account.

Maintaining an escrow account is typically a function associated with specific roles within a brokerage, such as a designated managing broker. Therefore, this option does not accurately represent what all licensed brokers can do under Illinois law.

D) manage a small branch office.

Managing a branch office usually requires additional qualifications or designations, such as being a managing broker. A standard broker's license does not automatically confer the authority to manage an office, making this option incorrect.

Conclusion

The correct answer is option A, as it encapsulates the essential functions of an Illinois broker, which include the ability to list and sell properties. The other options fail to accurately represent the core capabilities granted by a broker's license, either by imposing additional qualifications or by not aligning with the primary responsibilities of a broker.