Who needs to hold a limited license in Illinois for leasing activities?

In Illinois, a limited license specifically for leasing activities is required for individuals who are engaged solely in leasing residential property. This distinction is important because it recognizes that the scope of activities involved in leasing is different from that of property sales, which requires a full real estate license.

A limited leasing license allows these individuals to practice real estate in a specific capacity focused on lease transactions without the need for the broader responsibilities and obligations that come with a full real estate license. By catering specifically to those who concentrate their efforts on leasing, the state ensures that licensing requirements remain streamlined and appropriate for the nature of the work being performed. This helps maintain a level of professionalism within the leasing market.

The other choices don't align with the specific requirements set forth by Illinois law regarding leasing licenses. For example, certified real estate professionals or those focused on property sales possess different qualifications and licensing needs, which do not apply to the limited license aimed at leasing residential properties. Similarly, representing tenants involves a range of activities that may surpass leasing functions alone, thus requiring additional licensure beyond the limited scope.