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

Rationale

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

In Illinois, a broker's license allows the licensee to engage in real estate transactions, including listing and selling properties, provided they are affiliated with a sponsoring brokerage firm.

A (list and sell property.) CORRECT

This choice is correct because an Illinois broker's license authorizes the licensee to list properties for sale and assist clients in selling their properties, along with conducting other real estate transactions.

B (supervise a residential leasing agent.) YOUR ANSWER

While brokers can supervise residential leasing agents, this is not an automatic function of having a broker's license. Supervision typically requires the broker to hold a specific management position within the brokerage, which is not implied by merely having a license and being sponsored.

C (maintain an escrow account.) YOUR ANSWER

Maintaining an escrow account is generally a responsibility of the brokerage firm rather than the individual broker. The broker may handle transactions involving escrow accounts, but the actual maintenance and management of these accounts typically fall under the firm's administrative duties.

D (manage a small branch office.) YOUR ANSWER

Managing a branch office usually requires additional qualifications or a specific position within the brokerage firm. Simply possessing a broker's license does not automatically grant the authority to manage a branch office, as that role often requires further experience and designation within the company.

Conclusion

In summary, an Illinois broker's license empowers the licensee to list and sell properties as part of their professional duties. Other options, such as supervising leasing agents, maintaining escrow accounts, or managing branch offices, may involve additional criteria or responsibilities that go beyond the basic functions of a broker. Thus, the primary capability granted by the broker's license in this context is the ability to list and sell property.

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

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

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