Illinois broker licensing Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Illinois broker licensing? On this page you'll find 76 study documents about Illinois broker licensing.
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![Illinois Broker Licensing Exam-National Portion Exam Questions and Answers 100% Verified](/docpics/5430093/66512955d7e48_5430093_121_171.jpeg)
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Illinois Broker Licensing Exam-National Portion Exam Questions and Answers 100% Verified
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Illinois Broker Licensing Exam-National Portion Exam Questions and Answers 100% VerifiedIllinois Broker Licensing Exam-National Portion Exam Questions and Answers 100% VerifiedIllinois Broker Licensing Exam-National Portion Exam Questions and Answers 100% VerifiedIllinois Broker Licensing Exam-National Portion Exam Questions and Answers 100% Verified 
What is commonly referred to as the "Due-On-Sale" Clause in a mortgage or deed-of-sale? - ANSWER-Alienation Clause 
 
What is the minimum consid...
![State Portion Real Estate Exam Questions and Answers Already Passed](/docpics/644f7a0097282_2678887.jpg)
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State Portion Real Estate Exam Questions and Answers Already Passed
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State Portion Real Estate Exam Questions and Answers Already Passed Not psychologically affected if Reputation of haunted ghost 
Operate INDIANA property management firm outside of the broker company What is Correct ? Broker me do with formal approval of original managing broke 
Listing agreement should be delivered to Owner Upon signing 
Broker hires interactive broker to conduct open house The broker may face disciplinary action for incompetent practice 
Broker a discovers a former buyers clie...
![Illinois Broker Licensing Exam-National Portion Questions and Answers](/docpics/5138490/662f7eb54bdca_5138490_121_171.jpeg)
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Illinois Broker Licensing Exam-National Portion Questions and Answers
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What is commonly referred to as the "Due-On-Sale" Clause in a mortgage or deed-of-sale? Alienation Clause 
 
What is the minimum consideration necessary for a deed to be valid? Does not have to be a monetary amount. Can be as informal as "with love and dignity" 
 
When is the deadline for an offeror to revoke a signed contract? As long as he/she has not received acceptance, they have the right to rescind. 
 
A contract written by a party who at the time was incompetent is: voidable 
 
If a s...
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Illinois Broker Licensing
- Exam (elaborations) • 3 pages • 2024
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What is commonly referred to as the "Due-On-Sale" Clause in a mortgage or deed-of-sale? - ANSWER Alienation Clause 
 
What is the minimum consideration necessary for a deed to be valid? - ANSWER Does not have to be a monetary amount. Can be as informal as "with love and dignity" 
 
When is the deadline for an offeror to revoke a signed contract? - ANSWER As long as he/she has not received acceptance, they have the right to rescind.
![Illinois Real Estate Exam Study Questions and Answers 2024-2025](/docpics/4955475/6614fcd439556_4955475_121_171.jpeg)
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Illinois Real Estate Exam Study Questions and Answers 2024-2025
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In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) 
 
How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor 
 
What is the name given to the Illinois license laws under which brokers and salespeople practice? - Real Estate License Act of 2000 
 
After May 1, 2011, the new license categories are: - Managing Broker and Broker 
 
After April 30, 2012, as an alternative to passing the...
![Illinois Real Estate Exam Questions and Answers Already Passed](/docpics/3050334/64adaa7dd0ed5_3050334_121_171.jpeg)
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Illinois Real Estate Exam Questions and Answers Already Passed
- Exam (elaborations) • 47 pages • 2023
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Illinois Real Estate Exam Questions and Answers Already Passed In Illinois, the real estate license law is administered by the...? IDFPR (Bureau of Real Estate Professions) 
How are the nine members of the Real Estate Administration and Disciplinary Board Selected? By the governor 
What is the name given to the Illinois license laws under which brokers and salespeople practice? Real Estate License Act of 2000 
After May 1, 2011, the new license categories are: Managing Broker and Broker 
After A...
![Illinois Real Estate License Exam Prep | 140 Questions with 100% Correct Answers | Verified | Latest Update 2024](/docpics/3995744/6574e4d31f263_3995744_121_171.jpeg)
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Illinois Real Estate License Exam Prep | 140 Questions with 100% Correct Answers | Verified | Latest Update 2024
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To practice real estate in Illinois, brokers must be sponsored by a ______. - Sponsoring broker 
Reciprocal applicants must associate with an Illinois sponsoring broker 
T/F - T 
When must licensees in Illinois notify the Division of Real Estate of a change to their office location? - 
Within 24 hours 
Reciprocal applicants must submit a written statement giving the state of Illinois permission to transfer 
your license from the other state. t/f - T 
What are the main ways that license laws ensu...
![Real Estate Express Illinois exam 2023 with 100% correct answers](/docpics/3334771/64ee6def0f853_3334771_121_171.jpeg)
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Real Estate Express Illinois exam 2023 with 100% correct answers
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Which agency in Illinois has responsibility for licensing schools and instructors? 
Training and Development Department 
Division of Real Estate 
Standards Council 
Advanced Advisory Council - correct answerDivision of Real Estate 
 
Which of the following is NOT an activity included in the definition of Broker? 
Sells, exchanges, purchases, rents, or leases real estate. 
Negotiates the sale, exchange, purchase, rental, or leasing of real estate.
![Real Estate Sale Associate Pre License Course Exam Prep (Gold Coast Highlights) Questions And Answers 2023](/docpics/3636063/652df5393fbca_3636063_121_171.jpeg)
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Real Estate Sale Associate Pre License Course Exam Prep (Gold Coast Highlights) Questions And Answers 2023
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Real Estate Sale Associate Pre License Course Exam Prep (Gold Coast Highlights) Questions And Answers 2023 
Farming 
licensee concentrate on one type or style of property or on one particular neighborhood 
 
 
 
Farm area or target market 
Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business 
 
 
 
Tract building 
When a developer acquires a large tract of land, records a subdivision plat map, and ...
![Illinois Real Estate Exam Verified Answers](/docpics/5016691/661e64d373452_5016691_121_171.jpeg)
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Illinois Real Estate Exam Verified Answers
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Illinois Real Estate Exam Verified Answers 
In Illinois, the real estate license law is administered by the...? ️IDFPR (Bureau of Real Estate 
Professions) 
How are the nine members of the Real Estate Administration and Disciplinary Board Selected? ️By 
the governor 
What is the name given to the Illinois license laws under which brokers and salespeople practice? 
️Real Estate License Act of 2000 
After May 1, 2011, the new license categories are: ️Managing Broker and Broker 
Aft...
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