1|Page
Illinois Leasing agent exam prep ||Verified Exam!!!,
Most Recent Exam 2026 Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+||Newest Exam!!!
the leasing agent license shall expire on July 31st of: -
Answers-even numbered years
sponsoring brokers must submit the 45 day sponsor card
to IDFPR within: - Answers-24 hours of employment
leasing agent licensees must complete how many hours of
containing education during the 24 month period prior
renewal: - Answers-8 hours of continuing education
The real estate recovery fund is: - Answers-a fund at
IDFPR to reimburse persons who suffer loss due to a
licensees actions.
The general requirements for a residential leasing agent to
obtain a license include: - Answers-applicant must be 18
years of age, must have a highschool diploma or GED,
must have a sponsoring broker or firm.
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True or False; All licensed agents must be sponsored by a
sponsored broker or firm? - Answers-true
True or False; Leasing agents must be 21 years of age
and only engage in the sale of residential property? -
Answers-false
Disciplinary actions for leasing agents: - Answers-Shall
conform with disciplainary actions for licensed real estate
brokers
An applicant shall not practice as a student leasing agent
_____________. - Answers-more than once in a 24 month
period.
Which of the following is true about sponsor cards?
a-sponsor cards are only issued for residential leasing
agents
b-all sponsor cards are issued by IDFPR
c- It is a temporary 45 day permit issued by the sponsoring
broker
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d-it is a 180day student permit - Answers-c
The real estate recovery fund is maintained by IDFPR,
who is eligible to collect damages from this account? -
Answers-Any person who suffered a loss based on a
licensees conduct.
How many times can a person take the state licensing
exam before they have to repeat the course again? -
Answers-4 times
the IDFPR requires escrow records to be maintained by
the sponsoring broker: - Answers-5 years
When must escrow money be deposited by the sponsoring
broker? - Answers-No later than the next business day
following the transaction.
Where is the original license for a leasing agent kept? -
Answers-In the sponsoring brokers principal office
Mary is sponsoring broker, she was found guilty of a
license act violation. Her license was suspended. What is
Illinois Leasing agent exam prep ||Verified Exam!!!,
Most Recent Exam 2026 Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+||Newest Exam!!!
the leasing agent license shall expire on July 31st of: -
Answers-even numbered years
sponsoring brokers must submit the 45 day sponsor card
to IDFPR within: - Answers-24 hours of employment
leasing agent licensees must complete how many hours of
containing education during the 24 month period prior
renewal: - Answers-8 hours of continuing education
The real estate recovery fund is: - Answers-a fund at
IDFPR to reimburse persons who suffer loss due to a
licensees actions.
The general requirements for a residential leasing agent to
obtain a license include: - Answers-applicant must be 18
years of age, must have a highschool diploma or GED,
must have a sponsoring broker or firm.
,2|Page
True or False; All licensed agents must be sponsored by a
sponsored broker or firm? - Answers-true
True or False; Leasing agents must be 21 years of age
and only engage in the sale of residential property? -
Answers-false
Disciplinary actions for leasing agents: - Answers-Shall
conform with disciplainary actions for licensed real estate
brokers
An applicant shall not practice as a student leasing agent
_____________. - Answers-more than once in a 24 month
period.
Which of the following is true about sponsor cards?
a-sponsor cards are only issued for residential leasing
agents
b-all sponsor cards are issued by IDFPR
c- It is a temporary 45 day permit issued by the sponsoring
broker
, 3|Page
d-it is a 180day student permit - Answers-c
The real estate recovery fund is maintained by IDFPR,
who is eligible to collect damages from this account? -
Answers-Any person who suffered a loss based on a
licensees conduct.
How many times can a person take the state licensing
exam before they have to repeat the course again? -
Answers-4 times
the IDFPR requires escrow records to be maintained by
the sponsoring broker: - Answers-5 years
When must escrow money be deposited by the sponsoring
broker? - Answers-No later than the next business day
following the transaction.
Where is the original license for a leasing agent kept? -
Answers-In the sponsoring brokers principal office
Mary is sponsoring broker, she was found guilty of a
license act violation. Her license was suspended. What is
