Exam (elaborations)
ILLINOIS REAL ESTATE STUDY SET QUESTIONS AND ANSWERS
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ILLINOIS REAL ESTATE STUDY SET QUESTIONS AND ANSWERS
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Name: Score:353 Multiple choice questions
Term 1 of 353
T/F: Annexation occurs when personal property is attached to real property, which makes it a
fixture.
accretion
severance
control
T
Term 2 of 353
The Federal Trade Commission Act 1914
A real estate licensee who performs brokerage services under the supervision of a
managing broker
civil rights act of 1866
rectangular survey system
Created the Federal Trade Commission (FTC), an agency that works to prevent unfair
methods of competition in commerce.
Term 3 of 353
Typically created for the purpose of ingress and egress
easement by way of necessity
easement in gross
prescriptive easement
bundle of rights
,Term 4 of 353
You're contacted by the Federal Trade Commission after receiving a complaint about you. This
complaint most likely originated from ______.
escheat
riparian
customer
consumer
Term 5 of 353
What's an antitrust violation's central element?
conspiracy
control
Personal property
Cultivated crops
Term 6 of 353
HUD enforces the portion of this act that applies to public housing, housing assistance, and
housing referrals.
Civil rights act of 1866
Americans with disabilities act
Equal credit opportunity act
Fair housing act of 1968
,Term 7 of 353
Not paying this can result in a lien on real estate.
personal property
property tax
eminent domain
consumer
Term 8 of 353
The owner buys the right to use the developer's facilities and may use the designated area at
any time during the year.
timeshare estate
vacation ownership
campground membership
tie-in arrangement
Term 9 of 353
Marco, a licensee for 20 years, helps clients find tenants for their vacant apartments, but
doesn't work with sellers or buyers.
servient
residential leasing agent
sponsoring broker
managing broker
, Term 10 of 353
Areas designated for raising and grazing animals and/or growing crops
commercial
agricultural
institutional
residential
Term 11 of 353
Allowed use in a zone that isn't normally permitted in the zone; requires permission of the
planning board or another legislative body
timeshare use
special use permit
use variance
nonconforming use
Term 12 of 353
Contingencies in which a property might be won or lost if the condition is violated
covenants
conditions
general
definitions
Term 13 of 353
T/F: No continuing education is required to maintain a residential leasing agent license in
Illinois.
True
False
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