Illinois Real Estate Practice Exam

Which statement is always true for licensed personal assistants under the Real Estate License Act of 2000?

1. They can work independently

2. They must pay for their license renewal

3. They need an employment agreement with the sponsoring broker and must be paid by the sponsoring broker

4. They cannot be compensated for their services

The correct answer is: They need an employment agreement with the sponsoring broker and must be paid by the sponsoring broker

The statement regarding licensed personal assistants needing an employment agreement with the sponsoring broker and being paid by the sponsoring broker is always true under the Real Estate License Act of 2000. This is vital in ensuring that personal assistants operate within the legal framework established for real estate professionals in Illinois. Personal assistants are typically hired to support licensed real estate brokers or managing brokers and must work under their sponsorship. By having an employment agreement, it clarifies the terms of their engagement, responsibilities, and the nature of their relationship with the sponsoring broker. Furthermore, regulation mandates that personal assistants receive compensation only through their sponsoring broker to ensure that all financial dealings align with state laws about licensing and professional conduct. In contrast, the other statements reflect circumstances that are not universally true for licensed personal assistants. For example, while they may need to engage in some form of communication about license renewal, the option related to renewal payments isn't a blanket requirement for all assistants. Additionally, assistants cannot freely work independently, nor can they operate without compensation, which reinforces the importance of their role within the brokerage structure.