Illinois broker Study guides, Class notes & Summaries

How many feet in an acre? 43,560 How many acres are in a section? 640 The Civil Rights Act of 1866 prohibited discrimination based on: Color and Race (C-Civil; R-Rights) Title VIII of the Civil Rights Act of 1968 is also referred to as the Fair Housing Act The Fair Housing Act prohibits discrimination based on Color, race, religion, national origin, sex, disability, familial status The Equal Credit Opportunity prohibits discrimination against: All FHA (color, race, religion, natio...

Sandy wishes to start a new real estate company, although she has never had a real estate license of any type. She must be licensed for at least XX years before she can manage an office Two An Illinois real estate agent, acting as a dual agent, is showing his listing that he knows has had water problems in the basement in the past. The seller has requested that he not divulge this information unless a buyer specifically asks about water. What is the correct action for the agent to take? The a...

Home owners may deduct which of the following expenses when preparing there income tax return? Select one: a. Interest paid on maintenance and repairs b. Insurance premiums c. Flood insurance premiums d. Real estate taxes up to $10,000 d. Real estate taxes up to $10,000 A man incurs the following expenses: $9,500 in interest on a mortgage loan on his residence, $800 in real estate taxes plus a $450 late payment penalty, and a $1,000 loan origination fee paid in the course of purchasi...

Sandy wishes to start a new real estate company, although she has never had a real estate license of any type. She must be licensed for at least XX years before she can manage an office - ANSWERTwo An Illinois real estate agent, acting as a dual agent, is showing his listing that he knows has had water problems in the basement in the past. The seller has requested that he not divulge this information unless a buyer specifically asks about water. What is the correct action for the agent to tak...

Any person who commits a first offense of acting as a leasing agent without being licensed under the Illinois Real Estate License Act. Can be charged with a Class A misdemeanor Steven is a real estate student studying for the state broker exam. Steven takes and passes the exam, and receives a blank sponsor card. Steven takes the sponsor card to Sponsoring Broker Adam, who signs the card. Steven's license was _________, but is now ___________. Inoperative; Active Patsy has just been sponso...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

ILLINOIS REAL ESTATE BROKER EXAM NEWEST 2024 COMPLETE EXAM AND PRACTICE QUESTIONS 300 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

illinois broker license state portion Exam Questions and Answers

Sandy wishes to start a new real estate company, although she has never had a real estate license of any type. She must be licensed for at least XX years before she can manage an office - Answer- Two An Illinois real estate agent, acting as a dual agent, is showing his listing that he knows has had water problems in the basement in the past. The seller has requested that he not divulge this information unless a buyer specifically asks about water. What is the correct action for the agent to t...