Illinois State Test- Broker Exam Questions and Answers 100% Pass
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Course
Illinois State
Institution
Illinois State
Illinois State Test- Broker Exam Questions and Answers 100% Pass How far back does a typical title search in Illinois go? 40 Years
Who is the recorder of deeds for the county in Illinois? County Clerk
Statutory method of proration in Illinois equation: Yearly Charge divided by 360
State and Coun...
Illinois State Test - Broker Exam Questions and Answers 100% Pass How far back doe s a typical title search in Illinois go? ✔✔40 Years Who is the recorder of deeds for the county in Illinois? ✔✔County Clerk Statutory method of proration in Illinois equation: ✔✔Yearly Charge divided by 360 State and County transfer taxes in Illinois ar e usually paid by: ✔✔The Seller Which of the following best describes the status of the common law of agency in Illinois as it relates to broker/client relationships? ✔✔It has been replaced by statutory rules Acts that a licensee may perform for a consum er that are informative only are referred under Illinois law as: ✔✔Ministerial Under Illinois law, the person who receives brokerage services but is not represented by the broker is referred to as a: ✔✔Consumer Illinois law required brokers to deliver true copies of all documents to the parties within how many hours of their signing? ✔✔24 Hours Illinois law does not recognize? ✔✔Undisclosed dual agency Under Illinois law, a licensee owes a third party: ✔✔Disclo sure of all known adverse facts about the property's physical condition Illinois Real Estate License Act is administered by the: ✔✔Department of Financial and Professional Regulation (IDFPR) Who may legally collect a commission from a seller on a sale of real estate in Illinois? ✔✔A licensed managing broker ONLY Chicago Bar Association et al. v. Quinlan and Tyson, Inc. held that: ✔✔Real Estate licensees cannot draft legal documents
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