Illinois Leasing agent exam prep questions with
verified answers
A 12 unit apartment building is sold to a new owner. What happened to the
leases for the tenants in the building? Ans✓✓✓ The leases remain in effect
A blind ad refers to: Ans✓✓✓ Using only a street address or telephone number
A contract between an adult and a minor is usually Ans✓✓✓ Voidable by the
minor
A fire completely destroyed an apartment building. The leases for the current
residents are: Ans✓✓✓ Canceled/terminated
A leasing agent is changing employment and has provided notice to the current
sponsoring broker. When the current broker returns to the license to the licensee,
what is the status of that license? Ans✓✓✓ inoperative
A leasing agent refers all minority renters to a property located on the other side
of town. This is an example of Ans✓✓✓ Steering
A leasing agents original, active license should be kept in what location?
Ans✓✓✓ The sponsoring broker's office.
A lending institution requiring different rates and terms for minorities as an
example of Ans✓✓✓ Redlining
,A licensee are selling their own home must include the following in their
advertisement: Ans✓✓✓ Agent owned or broker owned
A licensee owns 1% of a residential property that is being advertised for rent.
What is the maximum amount of ownership that a license you can have any
property before disclosure is required? Ans✓✓✓ There is no minimum or
maximum percentage of ownership that is required.
A licensee seeking an apartment encountered discrimination based on his age.
Which one of the following statements is correct regarding the real estate
recovery fund?
a- the licensee may not file a complaint with IDFPR because of the real estate
recovery fund is for members of the general public and not licensees.
b- the licensee may not file a complaint because there is no witness to the
discrimination when the licensee claims that discrimination took place
c-the licensee may file a complaint and a hearing will be conducted by IDFPR to
determine if any discrimination took place
d- the licensee may file a complaint with IDFPR because the discrimination took
place five years ago and the case was opened within the required time period.
Ans✓✓✓ c
A listing agent was given a $100 check from another licensee to compensate them
for the lease agreement that they worked on together. Which of the following
statements is correct?
a-it is acceptable because the amount is less than $500
b-it is acceptable because the amount is less than $250
c-it is unacceptable because the broker needs to know about this
d-it is unacceptable because it is against the license act to receive payment
directly from another licensee Ans✓✓✓ d
, A managing broker must notify IDFPR in all of the following circumstances except;
a-a branch office was closed
b-a new branch office was opened
c-a new leasing agents 45 day permit is due to expire
d-corporate office for the company has relocated Ans✓✓✓ c
A person was found guilty of unlicensed practice by IDFPR. The person has been
fined $25,000 for unlicensed practice. How long does the licensee have to pay
that amount? Ans✓✓✓ 60 days
A person with a disability requires to have their service animal accompany them
in the pool area. Does the housing provider need to allow this? Ans✓✓✓ Yes,
service animals must have access to all areas of the property
A property is located near the airport and some tenants have complained about
the noise. In order to minimize complaints, the landlord should: Ans✓✓✓
discolse only the factual information about the property
A prospective tenant claims that they were being discriminated against by leasing
agent. Who does the prospective tenant report the discrimination to? Ans✓✓✓
IDFPR
A prospective tenant suspects age discrimination because of only being 18 years
of age. Which of the following statements is correct?
a-it's a protected class under federal law
b-age disrimination act of 1975
verified answers
A 12 unit apartment building is sold to a new owner. What happened to the
leases for the tenants in the building? Ans✓✓✓ The leases remain in effect
A blind ad refers to: Ans✓✓✓ Using only a street address or telephone number
A contract between an adult and a minor is usually Ans✓✓✓ Voidable by the
minor
A fire completely destroyed an apartment building. The leases for the current
residents are: Ans✓✓✓ Canceled/terminated
A leasing agent is changing employment and has provided notice to the current
sponsoring broker. When the current broker returns to the license to the licensee,
what is the status of that license? Ans✓✓✓ inoperative
A leasing agent refers all minority renters to a property located on the other side
of town. This is an example of Ans✓✓✓ Steering
A leasing agents original, active license should be kept in what location?
Ans✓✓✓ The sponsoring broker's office.
A lending institution requiring different rates and terms for minorities as an
example of Ans✓✓✓ Redlining
,A licensee are selling their own home must include the following in their
advertisement: Ans✓✓✓ Agent owned or broker owned
A licensee owns 1% of a residential property that is being advertised for rent.
What is the maximum amount of ownership that a license you can have any
property before disclosure is required? Ans✓✓✓ There is no minimum or
maximum percentage of ownership that is required.
A licensee seeking an apartment encountered discrimination based on his age.
Which one of the following statements is correct regarding the real estate
recovery fund?
a- the licensee may not file a complaint with IDFPR because of the real estate
recovery fund is for members of the general public and not licensees.
b- the licensee may not file a complaint because there is no witness to the
discrimination when the licensee claims that discrimination took place
c-the licensee may file a complaint and a hearing will be conducted by IDFPR to
determine if any discrimination took place
d- the licensee may file a complaint with IDFPR because the discrimination took
place five years ago and the case was opened within the required time period.
Ans✓✓✓ c
A listing agent was given a $100 check from another licensee to compensate them
for the lease agreement that they worked on together. Which of the following
statements is correct?
a-it is acceptable because the amount is less than $500
b-it is acceptable because the amount is less than $250
c-it is unacceptable because the broker needs to know about this
d-it is unacceptable because it is against the license act to receive payment
directly from another licensee Ans✓✓✓ d
, A managing broker must notify IDFPR in all of the following circumstances except;
a-a branch office was closed
b-a new branch office was opened
c-a new leasing agents 45 day permit is due to expire
d-corporate office for the company has relocated Ans✓✓✓ c
A person was found guilty of unlicensed practice by IDFPR. The person has been
fined $25,000 for unlicensed practice. How long does the licensee have to pay
that amount? Ans✓✓✓ 60 days
A person with a disability requires to have their service animal accompany them
in the pool area. Does the housing provider need to allow this? Ans✓✓✓ Yes,
service animals must have access to all areas of the property
A property is located near the airport and some tenants have complained about
the noise. In order to minimize complaints, the landlord should: Ans✓✓✓
discolse only the factual information about the property
A prospective tenant claims that they were being discriminated against by leasing
agent. Who does the prospective tenant report the discrimination to? Ans✓✓✓
IDFPR
A prospective tenant suspects age discrimination because of only being 18 years
of age. Which of the following statements is correct?
a-it's a protected class under federal law
b-age disrimination act of 1975
