Chicago real estate exam - Study guides, Class notes & Summaries

Chicago Real Estate Exam Questions & Answers(graded A+) Abandonment -ANSWER Failure to occupy and use property, can result in loss of rights Abstract of Title -ANSWER Chronological summary of recorded docs, affecting title. Acceptance -ANSWER Agreeing to the terms of an offer to enter into a contract, creates binding contract. Acceleration Clause -ANSWER Contract Clause. Gives lender the right to declare the entire loan balance due immediately due to default. Accessibility -ANSWER...

Acceptance -ANSWER Agreeing to the terms of an offer to enter into a contract, creates binding contract. Acceleration Clause -ANSWER Contract Clause. Gives lender the right to declare the entire loan balance due immediately due to default. Accessibility -ANSWER AKA Ingress/Egress. Easy access for consumers to get in and out of a retail establishment. Accordion Clause -ANSWER Commercial lease. Tenant can expand and contract the amount of space occupied. Accountability -ANSWER Agency R...

Abandonment -ANSWER Failure to occupy and use property, can result in loss of rights Abstract of Title -ANSWER Chronological summary of recorded docs, affecting title. Acceptance -ANSWER Agreeing to the terms of an offer to enter into a contract, creates binding contract. Acceleration Clause -ANSWER Contract Clause. Gives lender the right to declare the entire loan balance due immediately due to default. Accessibility -ANSWER AKA Ingress/Egress. Easy access for consumers to get in an...

Illinois Leasing Agent License Exam Questions With 100% Correct Answers What is the name given to the Illinois license laws under which real estate brokers practice? - answerReal Estate License Act of 2000 Practicing real estate without a license, and could result in being fined up to what? - answer$25,000 per event. How long must real estate brokers keep records in Illinois? - answer5 Years. The ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc has to deal with what? - ...

Acceptance -ANSWER Agreeing to the terms of an offer to enter into a contract, creates binding contract. Acceleration Clause -ANSWER Contract Clause. Gives lender the right to declare the entire loan balance due immediately due to default. Accessibility -ANSWER AKA Ingress/Egress. Easy access for consumers to get in and out of a retail establishment. Accordion Clause -ANSWER Commercial lease. Tenant can expand and contract the amount of space occupied. Accountability -ANSWER Agency R...

Illinois Leasing Agent License Exam Marking Scheme What is the name given to the Illinois license laws under which real estate brokers practice? - Answer -Real Estate License Act of 2000 Practicing real estate without a license, and could result in being fined up to what? - Answer -$25,000 per event. How long must real estate brokers keep records in Illinois? - Answer -5 Years. The ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc has to deal with what? - Answer -Pl...

Leasing Agent Exam Questions Chapter 5 Questions and Answers (Graded A) Leasing Agent Exam Questions Chapter 5 Questions and Answers (Graded A) Leasing Agent Exam Questions Chapter 5 Questions and Answers (Graded A) Leasing Agent Exam Questions Chapter 5 Questions and Answers (Graded A) Real estate licensees must: A. carry their real estate license in their wallet at all times B. give their real estate license to their sponsoring broker, who will post it in a public space in th...

LEASING AGENT EXAM 2024 WITH 100% CORRECT ANSWERS Real estate licensees must: A. carry their real estate license in their wallet at all times B. give their real estate license to their sponsoring broker, who will post it in a public space in the sponsors office C. post their real estate license on the wall at home D. mail their real estate license to the regulating agency, where it will be hung in the Directors office - correct answer B. give their real estate license to their sponsorin...

Illinois Leasing Agent License Exam Questions With 100% Correct Answers What is the name given to the Illinois license laws under which real estate brokers practice? - answerReal Estate License Act of 2000 Practicing real estate without a license, and could result in being fined up to what? - answer$25,000 per event. How long must real estate brokers keep records in Illinois? - answer5 Years. The ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc has to deal with what? - ...

Illinois Real Estate Leasing Agent Exam Questions And Revised Correct Answers 2024 Already Passed A commercial lease calls for a minimum rent of $1200 per month 4% of the annual gross business exceeding $150,000. If the total rent paid at the end of one year was $19,200, how much business did the tenant do during the year? – ANSWER : A. $159,800 B. $250,200 C. $270,000 D. $279,200 C In Illinois, which of these statements is TRUE regarding a lease for more than one year?...