What are the penalties for acting without a license while misappropriating funds?

The correct choice reflects the serious nature of acting without a license while misappropriating funds. In Illinois, such actions are treated as a Class 4 felony, which carries significant legal repercussions. This classification underscores the importance of adhering to licensing requirements and the trust that comes with managing or handling other people's money.

A Class 4 felony signifies a serious crime, and the penalties associated with it, including a potential fine of $5000 and imprisonment for up to 5 years, highlight the legal system's intention to deter individuals from engaging in illegal practices in the property management and related fields. This not only protects consumers but also maintains the integrity of the property industry.

The other options outline lesser classifications of misdemeanors or felonies that do not match the gravity of the crime in question, indicating that misappropriating funds is far more serious than what a misdemeanor would imply. In summary, the correct answer reflects the law's enforcement against serious offenses that compromise both ethical standards and financial safety in property dealings.