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Exam (elaborations)

LEASING EXAM HARD QUESTIONS AND ANSWERS

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  • Course
  • Illinois Leasing Agent
  • Institution
  • Illinois Leasing Agent

LEASING EXAM HARD QUESTIONS AND ANSWERS

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  • September 26, 2024
  • 111
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Illinois Leasing Agent
  • Illinois Leasing Agent
avatar-seller
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126 Multiple choice questions

Term 1 of 126
Ancestry and Age are protected classes under?

Federal Fair Housing Laws

Commingling

Americans With Disability Act

IL Human Rights Act

Term 2 of 126
Inducements for compensation are only acceptable if ?

they are paid to the agent's family

they are paid to a party to a transaction

no later than the next business day following the transaction

they are paid to the broker's competitors

Term 3 of 126
An unlicensed leasing agent may practice as a student only _____________________.

only during summer months


once in a 24 month period (120 day form)

twice in a year


every month without limit

Term 4 of 126
Is the seller of a property required to test for radon to make improvements?

Yes

No

,Term 5 of 126
How many days of written notice is needed to terminate periodic tenancy contracts?

15 days


45 days

30 days


90 days

Term 6 of 126
Licensed leasing activities include:

conducting property appraisals

providing legal advice on real estate

only managing properties for owners


selling, exchanging, purchasing, renting, or leasing real estate

Term 7 of 126
An owner of a single family home restricts the rental of rooms in her home to women only. The
woman has violated?

brokerage agreement


no civil rights act

stigmatized property

il human rights act

Term 8 of 126
The U.S. Environmental Protection Agency recommends that INDOOR radon levels be below?

2.4 picocuries per liter of air

1.4 picocuries per liter of air

4.0 picocuries per liter of air

104.0 picocuries per liter of air

,Term 9 of 126
Who needs to pay interest on security deposits?

-residential properties that contain 25 or more units


-single-family homes that are rented to tenants

-commercial properties that are leased for retail purposes

-properties that are owned by non-profit organizations

Term 10 of 126
What agreement chooses termination?

education


profession

income

employment

Term 11 of 126
Each licensee shall disclose, in writing, their status as a licensee when licensee is:

when discussing property values

only during open houses

only when representing a buyer

selling, leasing, or purchasing any interest in the real estate that is subject of a
transaction

, Term 12 of 126
What type of contract is when 2 or more parties have agreed on all terms and conditions that
does NOT have to be in writing?

confess

express

implied

present

Term 13 of 126
To remove a tenant AND their belongings is?

temporary suspension

persecution

amenities


eviction

Term 14 of 126
If a license expires after 2 years, it becomes ___________.

expired

active


inoperative

revoked

Term 15 of 126
Reciprocity is?

brokers license is terminated


commingling

owner or landlord

for brokers only

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