Llinois real estate - Study guides, Class notes & Summaries
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Illinois Real Estate Leasing Exam Prep with Complete Solutions
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Illinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsAcceptance By Ratification - ANSWERThe acceptance of lease terms that occurs when a tenant takes possession of the property but ...
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Illinois Real Estate License Test Graded A+
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Illinois Real Estate License Test Graded A+ 
Brokerage ️the business of bringing people together in a real estate transaction 
real estate licensee ️acts as a point of contact between two or more people in negotiating the sale, 
purchase, or rental of property. A real estate licensee may be the agent for the buyer, for the seller, or 
for both 
llinois license categories ️broker, managing broker, and leasing agent 
Appraisal ️is the process of estimating a property's market value ...
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Illinois Real Estate Leasing Exam Prep Questions With Correct Answers.
- Exam (elaborations) • 23 pages • 2024
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Illinois Real Estate Leasing Exam Prep Questions With Correct Answers.
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Illinois Real Estate Exam Top Graded Questions and Answers Graded A 100% Verified 2024-2025
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Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions 
 
Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person 
 
Fee simple qualified estate - Also called fee simple defeasible estate. 3 different types 
 
Few simple precedent - Ownership (title) won't pass from one person to another until a partic...
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Illinois Real Estate; Practice Exam – 02 Questions and Answers 100% Correct
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Illinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% Correct 
When waterborne silt is deposited in a lake or river bed, the land gradually increases by the process of - ANSWER-Accretion 
 
A survey is the process of - ANSWER-determining the size and bo...
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Illinois Real Estate Exam Questions and Answers 100% Correct
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Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct 
Fiduciary responsibilities agent has to its principal - ANSWER-OLD CAR ; Obedience, Loyalty, disclosure, confidentiality, accounting, reasonable skill and care 
 
alienation - ANSWER-The act of transferring property to another. Alienation may be voluntary, s...
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Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions
- Exam (elaborations) • 11 pages • 2024
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Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions 
 
Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions 
 
Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions 
 
Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions 
 
 
What is the difference between semiannual, biannual, and biennial? - ANSWER-- Semiannual means twice per year at 6...
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Illinois Real Estate Leasing Agent Exam Questions And Revised Correct Answers 2024 Already Passed
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Illinois Real Estate Leasing Agent 
Exam Questions And Revised 
Correct Answers 
2024 Already Passed 
A commercial lease calls for a minimum rent of $1200 per month 
4% of the annual gross business exceeding $150,000. If the total 
rent paid at the end of one year was $19,200, how much business 
did the tenant do during the year? – 
 ANSWER : 
A. $159,800 
B. $250,200 
C. $270,000 
D. $279,200 
C 
In Illinois, which of these statements is TRUE regarding a lease 
for more than one year?...
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Illinois Real Estate Exam Questions and Answers 100% Correct
- Exam (elaborations) • 10 pages • 2024
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Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct 
When private property become ownerless due to the death of the owner, the state or county government may exercise its reversionary claim to that property under the right of: - ANSWER-Escheat 
 
A developer divided 5 acres into 20 equal lots all having depth ...
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llinois Real Estate Leasing Agent Exam 2024 Questions and Answers - Graded A
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llinois Real Estate Leasing Agent Exam
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