34. In Illinois, which of the following is required by law to have a real estate license?
Answer: D
Attorneys who receive a commission on a real estate sale are required by law to have a real estate license in Illinois.
In Illinois, attorneys who receive a commission for a real estate sale must hold a real estate license, as their involvement in transactions that yield compensation connects them directly to real estate brokerage activities.
A) an employee at a wrecking company who negotiates bids and contracts for the destruction of old buildings
This option is incorrect because employees at a wrecking company are not involved in real estate transactions or sales. Their role focuses on demolition rather than the brokerage or management of real estate, which does not require a real estate license.
B) a regular employee of a licensed real estate management company who manages 200 apartments in the apartment complex where they live
This option is incorrect as well. While this employee is engaged in property management, they do not require a real estate license if they are working under the supervision of a licensed real estate management company and are not compensated through commissions related to sales.
C) a regular employee of a property owner who collects rent
This option is also incorrect because an employee collecting rent for a property owner does not need a real estate license. They are performing administrative tasks on behalf of the property owner and are not engaging in real estate brokerage activities that would necessitate licensing.
D) an attorney who receives a commission on a real estate sale
This option is correct. In Illinois, attorneys who receive commissions from real estate transactions are required to hold a real estate license, as their compensation is linked to the sale of real property, qualifying them under the state's real estate licensing laws.
Conclusion
The correct answer is D because it directly aligns with Illinois regulations surrounding real estate licensing for individuals who earn commissions on sales. Options A, B, and C fail to meet the legal requirements for needing a license as they do not involve commission-based compensation or real estate brokerage activities.