Leasing License Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Leasing License Test using our comprehensive flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Excel in your examination!

Practice this question and more.

What is a consequence of a temporary suspension by the IDFPR?

Immediate revocation of the license
Probation for a specified period
Restoration may occur after a hearing
Automatic renewal of the license

The correct answer is: Restoration may occur after a hearing

A temporary suspension by the Illinois Department of Financial and Professional Regulation (IDFPR) implies that the license is not permanently revoked but rather put on hold pending further proceedings. As a result, restoration of the license may indeed occur following a hearing. This allows the licensee the opportunity to address any issues or complaints that led to the temporary suspension. The process typically involves a review where the licensee can present their case, which can result in the reinstatement of their license if the hearing concludes favorably. This practice safeguards the rights of professionals while ensuring that standards of conduct are maintained. The other options do not align with the nature of a temporary suspension. Immediate revocation implies a permanent action, while probation suggests a different set of disciplinary actions that may occur after a hearing. Automatic renewal also does not pertain to the consequences of a suspension, as a temporary suspension would likely halt the renewal process until the situation is resolved.