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Leasing Exam Example Questions Quizzes & Ans!!
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Leasing Exam Example Questions Quizzes & Ans!!
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Name: Score:106 Multiple choice questions
Term 1 of 106
Tenant installed a new light fixture in the dining room. What kind of property is the light fixture?
personal
intangible
chattel
real
Term 2 of 106
_______ words take place/precedence of printed words
printed
handwritten
typewritten
cursive
Term 3 of 106
What is property that is not permanently attatched to the land?
eminent domain
personal property
blockbusting
real estate
,Term 4 of 106
When must escrow money be deposited by the sponsoring broker?
within 30 days of the transaction
no later than the next business day following the transaction
at the end of the fiscal year
after two weeks of the transaction
Term 5 of 106
When are sponsor cards issued and who issues them?
it is a temporary 45 days permit isssued by the sponsoring broker
booklet and test results
24 hours after license; issued by broker
24 hours of employment
Term 6 of 106
What is a fund used by IDFPR to reimburse aggreieved persons who suffer a loss based on a
licensee's actions?
Fair Housing Laws
Real Property
Real Estate Recovery Fund
Real Estate Standards And Practices Association
Term 7 of 106
Is it permissable to refuse to rent to a person with a poor credit history?
Yes
No
,Term 8 of 106
type of zoning must be for the good of the community, not just the owner
eminent domain
blockbusting
buffer zones
spot zoning
Term 9 of 106
How many units does a propety need to have before a landlord needs to pay interest on the
security deposit?
25 residential units
26 residential units
15 residential units
4 times in 4 years
Term 10 of 106
A resident who is 18 years of age resides in a six flat apartment building. The property has been
listed for sale. When the property sells, what happens to the resident's lease?
The resident's lease is terminated without notice
The lease is not affected, it is transferred to a new owner
The resident must renegotiate the lease with the new owner
The resident must vacate the apartment immediately
, Term 11 of 106
How much notice in Illinois is required to terminate a month to month lease?
30 days
15 days
3 years
5 years
Term 12 of 106
A contract that has no legal force or effect although essential elements exist
void contract
implied contract
expressed contract
unenforceable contract
Term 13 of 106
An owner of a single family home restricts the rental of rooms in her home to women only. The
owner has __________________.
breached the landlord-tenant agreement!
violated the fair housing act!
not violated ant civil rights act!
acted in accordance with fair housing laws!
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