Which statement is true regarding the licensing of Residential Leasing Agents?

The statement that all licensed agents must be sponsored by a broker or broker firm is accurate because in Illinois, residential leasing agents are not allowed to operate independently. They must work under the supervision of a licensed real estate broker. This requirement ensures that leasing agents have access to necessary resources, training, and oversight, which helps protect both the agents and their clients. The involvement of a broker or broker firm also facilitates compliance with legal and ethical standards in real estate transactions.

By being sponsored, leasing agents can leverage the experience and knowledge of their supervising broker, which enhances their ability to serve clients effectively. This structure also helps maintain a level of professionalism in the industry, as brokers are responsible for the actions of the agents they sponsor.