ILLINOIS LEASING AGENT PRACTICE EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS
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Course
ILLINOIS LEASING AGENT
Institution
ILLINOIS LEASING AGENT
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: - ACCURATE ANSWERS Breach
2. In dealing with the public, a licensee: - ACCURATE ANSWERS may k...
ILLINOIS LEASING AGENT
PRACTICE EXAM QUESTIONS
ILLINOIS LEASING AGENT PRACTICE EXAM QUESTIONS WITH GUARANTEED
ACCURATE ANSWERS
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: - ACCURATE
ANSWERS✔✔ Breach
2. In dealing with the public, a licensee: - ACCURATE ANSWERS✔✔
may keep silent about a material fact concerning the property if the
client is the owner. d) may negotiate different commissions with
different owners.
, 3. Escrow monies: - ACCURATE ANSWERS✔✔ could include security
deposits as well as earnest money.
4. An offer may be terminated: - ACCURATE ANSWERS✔✔ if it is
rejected; if it is changed; or if it is revoked before acceptance.
A property management company runs a complex of several buildings,
all belonging to the same owner and on the same parcel of land. At the
owner's request, the manager has made apartments available to families
with children in just two of the buildings. This practice is: - ACCURATE
ANSWERS✔✔ Steering
6. In a lease an owner may hold a future interest in the property known
as: - ACCURATE ANSWERS✔✔ Reversion are interest
7. Which of the following would be considered a dual agency? -
ACCURATE ANSWERS✔✔ A licensee is representing both landlord
and tenant in the same transaction.
8. To be enforced, the Statute of Frauds requires that all contracts for the
sale or lease of real estate be: - ACCURATE ANSWERS✔✔ In writing
9. A young couple with a toddler and an infant want to lease an
apartment in a complex that is occupied primarily by adults. The rental
agent shows the couple apartments only on the first floor. Which of the
following is true? - ACCURATE ANSWERS✔✔ The rental agent
should have inquired about the couple's preference for apartments.
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