Question

An out-of-state real estate broker wishes to apply for an Illinois license. Which of the following statements is true in regard to license reciprocity?

a) Reciprocity is granted to licensees in states with similar licensing requirements.
b) Reciprocity is granted only to licensees in states whose borders touch Illinois.
c) Reciprocity is not granted by the state of Illinois.
d) Reciprocity is granted to licensees in any state, as long as they are licensed in their home state.

Answer 1

Reciprocity is granted to licensees in states with similar licensing requirements.

Step-by-step explanation:

The answer is a) Reciprocity is granted to licensees in states with similar licensing requirements.

License reciprocity refers to an agreement between different states that allows licensed professionals, such as real estate brokers, to practice in another state without having to fulfill all the requirements of that state's licensing process. In the case of an out-of-state real estate broker applying for an Illinois license, reciprocity would be granted if their home state has similar licensing requirements as Illinois. This means that they would not have to start from scratch with the licensing process in Illinois, but instead, their existing license would be recognized.