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Exam (elaborations)

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 ...

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  • November 6, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ILLINOIS LEASING AGENT
  • ILLINOIS LEASING AGENT
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GRADEUNITS
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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