Leasing Study Guide Exam Questions With Verified Solutions.
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Course
Illinois Leasing Agent
Institution
Illinois Leasing Agent
In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how many months? - Answer 6
Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites - Answer felons living onsite
What was...
Leasing Study Guide Exam Questions
With Verified Solutions.
In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how
many months? - Answer 6
Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites - Answer felons living onsite
What was the date of the first civil rights act? - Answer 1866
Is it permissable to refuse to rent to a person with a poor credit history? - Answer yes
Who is acceptable to redline? - Answer lending institutions
Is occupancy standard a federal law or guideline? - Answer guideline
Directing people, especially minorities, toward a specific neighborhood is called what? - Answer
steering
The definition of familial status is residents over the age of 18. True or False? - Answer false
A licensee advertises a 15 year old building as new. This is called what? - Answer fraud
A blind ad means an ad is? - Answer missing key information, HAS NOTHING TO DO W SIZE
Can an unliscensed personal assistant can sit at an open house for area brokers? - Answer yes
When can a tenant claim constructive eviction? - Answer when it is uninhabitable
, Where is the leasing agent's original license kept? - Answer broker's office or any branch office
When a leasing agent offers to put an elderly resident in a quiet building with others, what is this called?
- Answer steering
A leasing agent refuses to rent a third floor unit to a disabled resident because there are no elevators in
the building. What did the agent violate? - Answer fair housing laws
A lease with an indefinite ending date is called? - Answer periodic tenancy
The Residential Disclosure Act applies to? - Answer sellers of 4 units or LESS
When are sponsor cards issued and who issues them? - Answer 24 hours after license; issued by broker
Tenant installed a new light fixture in the dining room. What kind of property is the light fixture? -
Answer real
An owner of a 12 unit apartment building lives onsite. In his absense, the maintenence person shows
vacant apartments. Is this acceptable? Why or why not? - Answer Yes, the OWNER is exempt from the
license
The leasing agent license shall expire on July 31 of? - Answer even numbered years
Sponsoring brokers must submit the 45 day sponsor card to IDFPR within? - Answer 24 hours of
employment
Leasing agent licensees must complete how many hours of continuing education duringthe 24 month
period prior renewal? - Answer 6
What is a fund used by IDFPR to reimburse aggreieved persons who suffer a loss based on a licensee's
actions? - Answer Real Estate Recovery Fund
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