Illinois leasi - Study guides, Class notes & Summaries

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: - Answer- Breach 2. In dealing with the public, a licensee: - Answer- 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: - Answer- could include security deposits as well a...

Illinois leasing agent practice exam Illinois Real Estate Leasing Exam Prep Latest Update Questions and Verified Correct Answers Guaranteed A+

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Illinois leasing agent practice exam|50 Questions and Answers 2024

Illinois Leasing Agent License Exam Questions with Complete Solutions

Illinois Leasing Exam 2024 Marking Scheme Highest and Best Use - Answer -The highest and best use of land can change over time but can only be one thng at a time. Generally this is the use that will make it most valuable What does the highest and best use entail? - Answer -1. Preserve the land utility 2. Provide the highest income 3. Result in the highest present value What does a deed transfer? - Answer -real property What does a bill of sale transfer? - Answer -personal property ...