Illinois Leasing Agent Practice Exam

What is the status of a leasing agent's license after providing notice to their current sponsoring broker?

1. Active

2. Inoperative

3. Suspended

4. Revoked

The correct answer is: Inoperative

When a leasing agent provides notice to their current sponsoring broker, the status of their license becomes inoperative. This means that while the agent may still technically hold a license, they are not currently authorized to engage in leasing activities because they no longer have a broker to sponsor them. This transition is crucial because it reflects the agent's inability to legally operate without the support of a sponsoring broker. In Illinois, a leasing agent's license is directly tied to their relationship with a sponsoring broker. Once that relationship is severed, even in the absence of disciplinary action, the license cannot be used until it is reactivated through a new sponsorship. This emphasizes the importance of maintaining a valid broker relationship for continuous operation in the real estate market.