ILLINOIS LEASING AGENT EXAM 2025 WITH
PREP QUESTIONS AND 100% CORRECT
ANSWERS | ALREADY GRADED A+ |
GUARANTEED PASS | ILLINOIS LEASING
AGENT ACTUAL FINAL EX AM [NEW]
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. - ANSWER- c-the licensee may file a complaint and a hearing will be conducted by IDFPR to determine if any discrimination took place
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? - ANSWER- There is no minimum or maximum percentage of ownership that is required.
A student leasing agent was hired on January 15. The sponsoring broker did not complete the 120 day student permit until January 30. When does the 120 day period begin? - ANSWER- The permit begins the day of the sponsoring broker completes the 120 day permit online and IDFPR. 1 / 3
A sponsor card can be issued by a sponsoring broker to a student after they pass the state exam. Which license category does the sponsor card apply to? - ANSWER- Leasing agents, brokers, and managing brokers.
Which of the following is not a violation of the license act?a-failure to maintain good record keeping.b-residential leasing agent decides to not renew their lease c-call mingling money/property of business or personal funds.d-failure to comply with requests from IDFPR within 30 days. - ANSWER- b
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 - ANSWER- 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 - ANSWER- d
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Sponsoring broker is required to have a written employment agreement with; - ANSWER- Licensed residential leasing agents, brokers, and managing brokers.
Which of the following is permitted under the federal fair housing act?a-advertise property for rent only to a special group b-increase the rent because an applicant is a minority c-refuse to rent to an individual with poor credit history d-foreman applicant that the unit is rented when in fact it is not - ANSWER- c
A blind ad refers to: - ANSWER- Using only a street address or telephone number
A leasing agents original, active license should be kept in what location? - ANSWER- The sponsoring broker's office.
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? - ANSWER- 60 days
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? - ANSWER- inoperative
Discriminatory advertising shows: - ANSWER- A preference for families only,
Ads featuring pictures of only one race, a preference based on race, color, religion, sex, national origin, disability or familial status.
If a leasing agent advertises apartment for rent "For families only", it is a violation of which act? - ANSWER- Fair housing amendment act of 1988
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