100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
illinois broker license state portion Exam Questions and Answers $8.49   Add to cart

Exam (elaborations)

illinois broker license state portion Exam Questions and Answers

 3 views  0 purchase
  • Course
  • Institution

illinois broker license state portion Exam Questions and Answers

Preview 1 out of 3  pages

  • August 17, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
illinois broker license state
portion Exam Questions and
Answers
Any person who commits a first offense of acting as a leasing agent without
being licensed under the Illinois Real Estate License Act. - -Can be charged
with a Class A misdemeanor

-Steven is a real estate student studying for the state broker exam. Steven
takes and passes the exam, and receives a blank sponsor card. Steven takes
the sponsor card to Sponsoring Broker Adam, who signs the card. Steven's
license was _________, but is now ___________. - -Inoperative; Active

-Patsy has just been sponsored by managing broker George. George directs
Patsy to "Go and list some house." Patsy says she cannot because she does
not have her license yet. Patsy can - -engage in the practice of real estate as
soon as she is sponsored

-Unlicensed employee is in violation of the Illinois Real Estate License Act? -
-Personal assistant Mary who fills in to open a property for marketing
purposes to a client for Broker Joe when Joe gets suddenly ill with the flu.

-To be a managing Broker in Illinois a licensee must have been a broker for -
-2 of the past 3 years

-When Broker Sam is sponsored by Sponsoring Broker Tim, Sam's license is
Active. Sam wants to leave Tim's brokerage. When Tim signs Sam's wall
certificate, Sam's license is - -inoperative

-The minimum age to become a leasing agent - -18

-When Sam's broker license is sponsored by Sarah, how long is the sponsor
card valid? - -45 days

-The Illinois administration and disciplinary board consists of - -15
members, appointed by the govenor

-Sponsor Shelly hired a new broker, Ned. As part of Ned's employee
orientation, Shelly must do all of the following EXCEPT - -ask Ned to hold his
own license

-What is the minimum age to obtain a managing broker's license in Illinois? -
-20

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81531 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$8.49
  • (0)
  Add to cart