ILLINOIS LEASING AGENT EXAM PREP WITH GUARANTEED ACCURATE ANSWERS
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Course
ILLINOIS LEASING AGENT
Institution
ILLINOIS LEASING AGENT
The leasing agent license shall expire on July 31st of: - ACCURATE ANSWERS even numbered years
Sponsoring brokers must submit the 45 day sponsor card to IDFPR within: - ACCURATE ANSWERS 24 hours of employment
Leasing agent licensees must complete how many hours of containing education during ...
ILLINOIS LEASING AGENT EXAM PREP
ILLINOIS LEASING AGENT EXAM PREP WITH GUARANTEED ACCURATE ANSWERS
The leasing agent license shall expire on July 31st of: - ACCURATE
ANSWERS✔✔ even numbered years
Sponsoring brokers must submit the 45 day sponsor card to IDFPR
within: - ACCURATE ANSWERS✔✔ 24 hours of employment
Leasing agent licensees must complete how many hours of containing
education during the 24 month period prior renewal: - ACCURATE
ANSWERS✔✔ 8 hours of continuing education
The real estate recovery fund is: - ACCURATE ANSWERS✔✔ a fund
at IDFPR to reimburse persons who suffer loss due to a licensees
actions.
,The general requirements for a residential leasing agent to obtain a
license include: - ACCURATE ANSWERS✔✔ applicant must be 18
years of age, must have a highschool diploma or GED, must have a
sponsoring broker or firm.
True or False; All licensed agents must be sponsored by a sponsored
broker or firm? - ACCURATE ANSWERS✔✔ true
True or False; Leasing agents must be 21 years of age and only engage
in the sale of residential property? - ACCURATE ANSWERS✔✔ false
Disciplinary actions for leasing agents: - ACCURATE ANSWERS✔✔
Shall conform with disciplainary actions for licensed real estate brokers
An applicant shall not practice as a student leasing agent
_____________. - ACCURATE ANSWERS✔✔ more than once in a 24
month period.
Which of the following is true about sponsor cards?
A-sponsor cards are only issued for residential leasing agents
B-all sponsor cards are issued by IDFPR
C- It is a temporary 45 day permit issued by the sponsoring broker
D-it is a 180day student permit - ACCURATE ANSWERS✔✔ c
, The real estate recovery fund is maintained by IDFPR, who is eligible to
collect damages from this account? - ACCURATE ANSWERS✔✔ Any
person who suffered a loss based on a licensees conduct.
How many times can a person take the state licensing exam before they
have to repeat the course again? - ACCURATE ANSWERS✔✔ 4 times
The IDFPR requires escrow records to be maintained by the sponsoring
broker: - ACCURATE ANSWERS✔✔ 5 years
When must escrow money be deposited by the sponsoring broker? -
ACCURATE ANSWERS✔✔ No later than the next business day
following the transaction.
Where is the original license for a leasing agent kept? - ACCURATE
ANSWERS✔✔ In the sponsoring brokers principal office
Mary is sponsoring broker, she was found guilty of a license act
violation. Her license was suspended. What is the status of the licenses
that were sponsored by Mary? - ACCURATE ANSWERS✔✔ All
sponsored licensees immediately go into inactive status.
Which of the following is not a blind ad? - ACCURATE ANSWERS✔✔
An advertisement for rental property with the brokerage company name
and phone number listed on the ad.
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