Exam (elaborations)
LEASING EXAM HARD QUESTIONS AND ANSWERS
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LEASING EXAM HARD QUESTIONS AND ANSWERS
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Name: Score:126 Multiple choice questions
Term 1 of 126
Ancestry and Age are protected classes under?
Federal Fair Housing Laws
Commingling
Americans With Disability Act
IL Human Rights Act
Term 2 of 126
Inducements for compensation are only acceptable if ?
they are paid to the agent's family
they are paid to a party to a transaction
no later than the next business day following the transaction
they are paid to the broker's competitors
Term 3 of 126
An unlicensed leasing agent may practice as a student only _____________________.
only during summer months
once in a 24 month period (120 day form)
twice in a year
every month without limit
Term 4 of 126
Is the seller of a property required to test for radon to make improvements?
Yes
No
,Term 5 of 126
How many days of written notice is needed to terminate periodic tenancy contracts?
15 days
45 days
30 days
90 days
Term 6 of 126
Licensed leasing activities include:
conducting property appraisals
providing legal advice on real estate
only managing properties for owners
selling, exchanging, purchasing, renting, or leasing real estate
Term 7 of 126
An owner of a single family home restricts the rental of rooms in her home to women only. The
woman has violated?
brokerage agreement
no civil rights act
stigmatized property
il human rights act
Term 8 of 126
The U.S. Environmental Protection Agency recommends that INDOOR radon levels be below?
2.4 picocuries per liter of air
1.4 picocuries per liter of air
4.0 picocuries per liter of air
104.0 picocuries per liter of air
,Term 9 of 126
Who needs to pay interest on security deposits?
-residential properties that contain 25 or more units
-single-family homes that are rented to tenants
-commercial properties that are leased for retail purposes
-properties that are owned by non-profit organizations
Term 10 of 126
What agreement chooses termination?
education
profession
income
employment
Term 11 of 126
Each licensee shall disclose, in writing, their status as a licensee when licensee is:
when discussing property values
only during open houses
only when representing a buyer
selling, leasing, or purchasing any interest in the real estate that is subject of a
transaction
, Term 12 of 126
What type of contract is when 2 or more parties have agreed on all terms and conditions that
does NOT have to be in writing?
confess
express
implied
present
Term 13 of 126
To remove a tenant AND their belongings is?
temporary suspension
persecution
amenities
eviction
Term 14 of 126
If a license expires after 2 years, it becomes ___________.
expired
active
inoperative
revoked
Term 15 of 126
Reciprocity is?
brokers license is terminated
commingling
owner or landlord
for brokers only
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