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Illinois Leasing Agent Practice Exam 2024 Questions With Correct Ans!!
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Illinois Leasing Agent Practice Exam 2024 Questions With Correct Ans!!
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Name: Score:50 Multiple choice questions
Term 1 of 50
27. After the contract for lease has been signed by the landlord and renter, any alterations to it
must be approved and initialed by:
Agreement of the parties.
The law of agency.
All parties to the contact.
The tenant is entitled to make the necessary alterations.
Term 2 of 50
42. A landlord who owns a 20-unit apartment building has held a tenant's security deposit for four
months. The tenant, who is on a month-to-month lease, informs the landlord that he will be
vacating the apartment in 30 days. Based on these facts, which of the following statements is
true?
Must not profit from private contracts at the expense of the owner.
The sale does not affect the lease.
Agreement of the parties.
The landlord owes the tenant no interest on the security deposit.
Term 3 of 50
43. Regulations regarding lead-based paint require that:
homeowners test for its presence
ask that the check be rewritten to the brokerage.
known paint hazards be disclosed
withdraw from the agency agreement.
,Term 4 of 50
50. Under CAN-SPAM, emails used to advertise products or services requires:
the sender's email address.
the valid physical postal address of the sender's business.
the sender's phone number.
a link to the sender's social media profiles.
Term 5 of 50
41. How many days' notice is required to terminate a month-to-month tenancy in Illinois?
the Illinois Human Rights Act.
30
the original lease is unaffected unless it contains a provision that prohibits such subletting.
All of the above
Term 6 of 50
3. Escrow monies:
must not profit from private contracts at the expense of the owner.
not disclose this fact, since disclosing would not be in the owner's best interest.
if it is rejected; if it is changed; or if it is revoked before acceptance.
could include security deposits as well as earnest money.
, Term 7 of 50
29. The Illinois Law of Agency demands that agents do which of the following for their principals?
All parties to the contact.
Are you over the age of 18?
All of the above
Offer and acceptance
Term 8 of 50
23. An Illinois resident has signed an agreement to rent a condominium in Florida for the month of
March. This arrangement is legally considered:
An estate for years
An estate at will
A periodic tenancy
An estate at sufferance
Term 9 of 50
39. If an owner of property instructs his broker to keep quiet about the existence of termites, the
broker should:
withdraw from the agency agreement.
the law of agency.
disobey the principal but continue the listing agreement.
the illinois human rights act.
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