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Leasing Agent Exam Questions Chapter 5 Exam Questions and Answers
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Leasing Agent Exam Questions Chapter 5Exam Questions and Answers
Real estate licensees must:
A. carry their real estate license in their wallet at all times
B. give their real estate license to their sponsoring broker, who will post it in
a public space in the sponsors office
C. post their real estate license on the wall at home
D. mail their real estate license to the regulating agency, where it will be
hung in the Directors office - -B. give their real estate license to their
sponsoring broker, who will post it in a public space in the sponsors office
-Individuals must hold an active Illinois real estate license if they wish to
negotiate the lease of:
A. their own home in Chicago
B. property belonging to a relatives estate for which they are executor
C. a home belonging to a client who will pay them a commission.
D. an apartment building they have inherited - -C. a home belonging to a
client who will pay them a commission.
-A real estate license can be revoked for:
A. loss of a pocket card
B. intentionally misleading someone into signing a contract
C. submitting an absurd offer to the seller of a property
D. closing a deal after midnight - -B. intentionally misleading someone into
signing a contract
-Illinois Residential leasing agent licenses expire on:
A. April 30 on odd-numbered years
B. July 31st of even numbered years
C. April 30 of even-numbered years
D. July 31 of odd numbered years - -B. July 31st of even numbered years
-Blind advertising means advertising placed by:
A. an owner without stating he or she is not a licensee
B. an owner who is not using a real estate agent
C. a licensee without obtaining the owner's permission
D. A licensee without stating a sponsors business name - -D. A licensee
without stating a sponsors business name
-A licensee has just collected a commission from the owner of a home she
has sold. She would be in violation of license law unless:
A. she holds a residential leasing agent license
B. she holds a valid real estate brokers license
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