Idfpr - Study guides, Class notes & Summaries

Leasing License EXAM QUESTIONS AND ANSWERS 2024/2025 WITH COMPLETE SOLUTION What is the IDFPR? - answerIllinois Department of Financial and Professional Regulation -the State entity that issues real estate licenses What are the 4 divisions of the IDFPR? - answer1. Real Estate Administration and Disciplinary Board 2. Real Estate Research and Education Fund 3. Real Estate Administration Fund 4. Peer Review Advisors How many people are on the Real Estate Administration and Disciplinary B...

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 profici...

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 prof...

Identify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" List the Categories of real property. - (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose List the factors that affect supply in the real estate market. - (1) Labor force costs, (2) Construction costs, (3) Governmen...

ILLINOIS LEASING AGENT LICENSE EXAM 2024 PREP GUIDE WITH 350 EXAM QUESTIONS AND 100% CORRECT ANSWERS What is a Leasing Agent License? - ANSWER-a limited scope license to engage in the leasing of residential real estate only What is a Leasing Agent NOT allowed to do, even with a Leasing License? - ANSWER-A leasing agent may NOT engage in any sales activities with this license or any activities with commercial real estate - these require a real estate broker's license. What duties c...

Which is the only body that provides licensure - IDFPR TJC accredits types of pharmacies? - Home infusion Long Term Care Specialty Community NOT hospital What is licensure? - the process by which government grants permission to an individual if determined to have a minimal competency in a certain field of study to ensure that the public health and safety will be protected What is certification? - -Voluntary -Time-limited -predetermined standards Voluntary process by which individ...

Leasing Exam Questions With 100% Correct Answers In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how many months? - answer6 Which of the following does not require disclosure? A. Radon B. Felons living onsite C. Lead-based paint D. Termites - answerfelons living onsite What was the date of the first civil rights act? - answer1866 Is it permissable to refuse to rent to a person with a poor credit history? - answeryes Who is acceptabl...

Leasing License EXAM QUESTIONS AND ANSWERS 2024/2025 WITH COMPLETE SOLUTION What is the IDFPR? - answerIllinois Department of Financial and Professional Regulation -the State entity that issues real estate licenses What are the 4 divisions of the IDFPR? - answer1. Real Estate Administration and Disciplinary Board 2. Real Estate Research and Education Fund 3. Real Estate Administration Fund 4. Peer Review Advisors How many people are on the Real Estate Administration and Disciplinary B...

Leasing Exam Questions With 100% Correct Answers In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how many months? - answer6 Which of the following does not require disclosure? A. Radon B. Felons living onsite C. Lead-based paint D. Termites - answerfelons living onsite What was the date of the first civil rights act? - answer1866 Is it permissable to refuse to rent to a person with a poor credit history? - answeryes Who is acceptabl...

Leasing Exam Questions With 100% Correct Answers In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how many months? - answer6 Which of the following does not require disclosure? A. Radon B. Felons living onsite C. Lead-based paint D. Termites - answerfelons living onsite What was the date of the first civil rights act? - answer1866 Is it permissable to refuse to rent to a person with a poor credit history? - answeryes Who is acceptabl...