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Illinois Leasing Agent Bundled Exam Questions and CORRECT Answers

Illinois Leasing Agent Bundled Exam Questions and CORRECT Answers

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Illinois Leasing Agent Key Predicted Exam Questions And CORRECT Answers 2024

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What is the name given to the Illinois license laws under which real estate brokers practice? Real Estate License Act of 2000 Practicing real estate without a license, and could result in being fined up to what? $25,000 per event. How long must real estate brokers keep records in Illinois? 5 Ye...

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Illinois Leasing Agent Top Compulsory Exam Questions And CORRECT Answers

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Acceptance by Ratification The acceptance of lease terms that occurs when a tenant takes possession of the property but does not sign a lease. This form of acceptance is recognizable by the courts. Accord and Satisfaction When all parties have agreed to a change in one or more of the terms of...

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Illinois Leasing Agent UPDATED Exam Questions And CORRECT Answers

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1. The lease contract stated that the renters would bring in the security deposit within five days. It is now the sixth day and the renters have not brought in the money. This is legally referred to as: Breach 2. In dealing with the public, a licensee: may keep silent about a material fact ...

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Illinois Leasing Agent UPDATED Questions and CORRECT Answers

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Illinois Leasing Agent UPDATED Questions and CORRECT Answers the leasing agent license shall expire on July 31st of: - CORRECT ANSWER- even numbered years sponsoring brokers must submit the 45 day sponsor card to IDFPR within: - CORRECT ANSWER- 24 hours of employment

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Illinois Leasing Agent UPDATED ACTUAL Questions and CORRECT Answers

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Illinois Leasing Agent UPDATED ACTUAL Questions and CORRECT Answers Acceptance by Ratification - CORRECT ANSWER- The acceptance of lease terms that occurs when a tenant takes possession of the property but does not sign a lease. This form of acceptance is recognizable by the courts. Accord ...

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