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ILLINOIS LEASING AGENT EXAM/ 2 LATEST VERSIONS (VERSION A AND B) AND PRACTICE QUESTIONS COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS/NEWEST VERSIONS |ALREADY GRADED A+$22.49
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ILLINOIS LEASING AGENT EXAM/ 2 LATEST VERSIONS (VERSION A AND B) AND PRACTICE QUESTIONS COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS/NEWEST VERSIONS |ALREADY GRADED A+
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Course
ILLINOIS LEASING AGENT
Institution
ILLINOIS LEASING AGENT
ILLINOIS LEASING AGENT EXAM/ 2 LATEST VERSIONS (VERSION A AND B) AND PRACTICE QUESTIONS COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS/NEWEST VERSIONS
|ALREADY GRADED A+
ILLINOIS LEASING AGENT EXAM/ 2 LATEST
VERSIONS (VERSION A AND B) AND PRACTICE
QUESTIONS COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS/NEWEST
VERSIONS 2024-2025
|ALREADY GRADED A+
ILLINOIS LEASING AGENT VERSION A
A licensee seeking an apartment encountered discrimination based on his age.
Which one of the following statements is correct regarding the real estate
recovery fund?
a- the licensee may not file a complaint with IDFPR because of the real estate
recovery fund is for members of the general public and not licensees.
b- the licensee may not file a complaint because there is no witness to the
discrimination when the licensee claims that discrimination took place
c-the licensee may file a complaint and a hearing will be conducted by IDFPR
to determine if any discrimination took place
d- the licensee may file a complaint with IDFPR because the discrimination
took place five years ago
and the case was opened within the required time period. -
....SOLUTION :->>>. ................... c
A licensee owns 1% of a residential property that is being advertised for rent.
What is the maximum amount of ownership that a license you can have any
property before disclosure is required? - ....SOLUTION:->>>....There is no
minimum or maximum percentage of ownership that is required.
,A student leasing agent was hired on January 15. The sponsoring dealer did not
complete the 120 day student permit until January 30. When does the 120 day
period begin? - ....SOLUTION:->>>....The permit begins the day of the
sponsoring dealer completes the 120 day permit online and IDFPR.
A sponsor card can be issued by a sponsoring dealer to a student after they pass
the state exam. Which license category does the sponsor card apply to? -
....SOLUTION:->>>....Leasing agents, dealers, and managing dealers.
Which of the following is not a violation of the license act?
a-failure to maintain good record keeping.
b-residential leasing agent decides to not renew their lease
c-call mingling money/property of business or personal funds.
d-failure to comply with requests from IDFPR within 30 days. -
....SOLUTION:->>>. ....................... b
A managing dealer must notify IDFPR in all of the following circumstances
except;
a-a branch office was closed
b-a new branch office was opened
c-a new leasing agents 45 day permit is due to expire d-corporate office for
the company has relocated -
....SOLUTION:->>>. . c
,A listing agent was given a $100 check from another licensee to
compensate them for the lease agreement that they worked on together.
Which of the following statements is correct?
a- it is acceptable because the amount is less than $500
b- it is acceptable because the amount is less than $250
c- it is unacceptable because the dealer needs to know about this
d- it is unacceptable because it is against the license act to receive payment
directly from another licensee -
....SOLUTION:->>>. . d
Sponsoring dealer is required to have a written employment agreement with; -
A person was found guilty of unlicensed practice by IDFPR. The person has
been fined $25,000 for unlicensed practice. How long does the licensee have to
pay that amount? - ....SOLUTION:->>>....60 days
A leasing agent is changing employment and has provided notice to the current
sponsoring dealer. When the current dealer returns to the license to the licensee,
what is the status of that license? -
....SOLUTION:->>>. . inoperative
Discriminatory advertising shows: - ....SOLUTION:->>>. ......................... A
preference for families only, Ads featuring pictures of only one race, a
preference based on race, color, religion, sex, national origin, disability or
familial status.
If a leasing agent advertises apartment for rent "For families only", it is a
violation of which act? -
....SOLUTION:->>>....Fair housing amendment act of 1988
The fair housing amendment act of 1988 reference people with disabilities
which includes: -
....SOLUTION:->>>....Mental or Physical impairments
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