Leasing Agent Practice Exam Questions With 100% Correct Answers
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Course
Illinois leasing agent/leasing agent
Institution
Illinois Leasing Agent/leasing Agent
Leasing Agent Practice Exam Questions
With 100% Correct Answers
Real Property includes: - answerair space
Air rights are defined as: - answerextending into infinity
Land ownership includes: - answersubsurface rights
Anything affixed to the land with the intent of being permanent is: - answerre...
Leasing A gent P ractice E xam Questions With 100% Correct Answers Real Property includes: - answer✔✔air space Air rights are de fined as: - answer✔✔extending into infinity Land ownership includes: - answer✔✔subsurface rights Anything affixed to the land with the intent of being permanent is: - answer✔✔real property Which of the following is a test of whether an item is a fixture: - answer✔✔Method of attachment Chapter #2 A contract is void if it: - answer✔✔has an illegal purpose The law that requires certain contracts be in writing in order to be enforceable is the: - answer✔✔Statute of Frauds Every real estate contract must have an - answer✔✔offer and acceptance The landlord is offering his apartments for rent, month -month. He plans to cancel all leases in three months to begin a major renovation. The landlord tells tenants he foresees no change and that they can expect to remain in the building as long as they choose. The landlords statement: - answer✔✔Constitutes fraud If the tenant signs the contract under duress, menace or undue influence, the contract is usually: - answer✔✔voidable by the tenant (leesse) The statute of frauds re quires that real estate contracts be: - answer✔✔in writing in order to be enforeceable After the tenant and the landlord have signed a rental contract, the landlord changes her mind and defaults. The tenant sues the landlord to force her to go through with the lease contract. This is known as a suit for: - answer✔✔Specific performance Which of the following best describes a contract that is voidable? - answer✔✔A contract that lets one of the parties withdraw from it A tenant makes an oral offer to lease a h ouse from an owner for two years. The owner orally accepts the offer. Which of the following statements is true? - answer✔✔The contract is an illegal contract Which one of the following is essential to the creation of a contract? - answer✔✔Acceptance
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