ILLINOIS SUPPLEMENTAL EXAM PREMIUM
REVIEW COLLECTION 2026 TESTED
MATERIALS
◉ How are the nine members of the Real Estate Administration and
Disciplinary Board Selected? Answer: By the governor
◉ What is the name given to the Illinois license laws under which
brokers and salespeople practice? Answer: Real Estate License Act of
2000
◉ After May 1, 2011, the new license categories are: Answer:
Managing Broker and Broker
◉ After April 30, 2012, as an alternative to passing the proficiency
exam given by AMP, what are the requirements for converting a
salesperson's license to a broker license? Answer: 30 hours of post-
licensure education, as defined by administrative rule.
◉ In Illinois, sponsor cards are good for: Answer: 45 days
,◉ What are the requirements for a newly licensed broker effective
May 1, 2011? Answer: 90 hours of pre-license coursework including
15 hours of situational offerings
◉ After May 1, 2011, what must a broker do to convert a managing
broker license? Answer: Complete 45 hours of post-license
education
◉ When do real estate brokers' licenses expire in Illinois? Answer:
April 30 of every odd-numbered year
◉ To renew a license in Illinois, brokers must..? Answer: Have
completed 12 hours of continuing education in the last two years
and pay the current fee.
◉ Licensees who allow their licenses to expire have how long to
reinstate their licenses? Answer: Up to two years; then licensees
must start over
◉ What procedures must be followed to obtain a license that has
been expired for more than two years? Answer: Meet the
requirements for a new license, including all pre-license education
and passing the exam
,◉ Three weeks before N begins his real estate pre-license class, he
offers to help his neighbor sell her house. The neighbor agrees to
pay N a 5% commission. An offer is accepted while N is taking the
class and closes the day after N passes the exam and receives his
salesperson license. The neighbor refuses to pay N the agreed
commission. Can N sue to recover payment? Answer: No. State law
prohibits lawsuits filed to collect commissions unless filed by a
licensed broker - one with a license in effect before the agreement
was reached.
◉ Which of the following conditions is NOT required to grant a
nonresident broker's license in Illinois? Answer: The broker has
been active in the real estate business in her own state for one year
prior to application.
◉ The resident property manager for Acme Apartments is
responsible for negotiating leases for the apartment. In this position,
the resident manager: Answer: Is exempt from the licensing
requirements.
◉ After failing the Illinois licensing exam three times, what does a
candidate have to do to get three more tries? Answer: Complete the
entire education requirement again.
◉ When terminating a sponsorship, the sponsoring broker must
return the signed license to the DPR within Answer: Two business
days by signature restricted mail delivery.
, ◉ A leasing agent license requires how many hours of classroom
time? Answer: 15 hours
◉ In order to practice real estate, Illinois requires new licensees to
have which of the following in their possession? Answer: A 45-day
sponsor card, then a pocket card later
◉ An agent is terminated by his broker for failure to pay the office
bill. While the agent is looking for a new office, he is considered to
have what kind of license? Answer: Inoperative
◉ Performing which of the following activities requires a real estate
license? Answer: Negotiating Lease Terms
◉ J was really good at locating temporary housing for friends. They
have encouraged her to start a small home business assisting people
who are looking to rent. What is the first thing she should do?
Answer: Get a real estate license
◉ Proof of continuing education is required every Answer: Two
years
REVIEW COLLECTION 2026 TESTED
MATERIALS
◉ How are the nine members of the Real Estate Administration and
Disciplinary Board Selected? Answer: By the governor
◉ What is the name given to the Illinois license laws under which
brokers and salespeople practice? Answer: Real Estate License Act of
2000
◉ After May 1, 2011, the new license categories are: Answer:
Managing Broker and Broker
◉ After April 30, 2012, as an alternative to passing the proficiency
exam given by AMP, what are the requirements for converting a
salesperson's license to a broker license? Answer: 30 hours of post-
licensure education, as defined by administrative rule.
◉ In Illinois, sponsor cards are good for: Answer: 45 days
,◉ What are the requirements for a newly licensed broker effective
May 1, 2011? Answer: 90 hours of pre-license coursework including
15 hours of situational offerings
◉ After May 1, 2011, what must a broker do to convert a managing
broker license? Answer: Complete 45 hours of post-license
education
◉ When do real estate brokers' licenses expire in Illinois? Answer:
April 30 of every odd-numbered year
◉ To renew a license in Illinois, brokers must..? Answer: Have
completed 12 hours of continuing education in the last two years
and pay the current fee.
◉ Licensees who allow their licenses to expire have how long to
reinstate their licenses? Answer: Up to two years; then licensees
must start over
◉ What procedures must be followed to obtain a license that has
been expired for more than two years? Answer: Meet the
requirements for a new license, including all pre-license education
and passing the exam
,◉ Three weeks before N begins his real estate pre-license class, he
offers to help his neighbor sell her house. The neighbor agrees to
pay N a 5% commission. An offer is accepted while N is taking the
class and closes the day after N passes the exam and receives his
salesperson license. The neighbor refuses to pay N the agreed
commission. Can N sue to recover payment? Answer: No. State law
prohibits lawsuits filed to collect commissions unless filed by a
licensed broker - one with a license in effect before the agreement
was reached.
◉ Which of the following conditions is NOT required to grant a
nonresident broker's license in Illinois? Answer: The broker has
been active in the real estate business in her own state for one year
prior to application.
◉ The resident property manager for Acme Apartments is
responsible for negotiating leases for the apartment. In this position,
the resident manager: Answer: Is exempt from the licensing
requirements.
◉ After failing the Illinois licensing exam three times, what does a
candidate have to do to get three more tries? Answer: Complete the
entire education requirement again.
◉ When terminating a sponsorship, the sponsoring broker must
return the signed license to the DPR within Answer: Two business
days by signature restricted mail delivery.
, ◉ A leasing agent license requires how many hours of classroom
time? Answer: 15 hours
◉ In order to practice real estate, Illinois requires new licensees to
have which of the following in their possession? Answer: A 45-day
sponsor card, then a pocket card later
◉ An agent is terminated by his broker for failure to pay the office
bill. While the agent is looking for a new office, he is considered to
have what kind of license? Answer: Inoperative
◉ Performing which of the following activities requires a real estate
license? Answer: Negotiating Lease Terms
◉ J was really good at locating temporary housing for friends. They
have encouraged her to start a small home business assisting people
who are looking to rent. What is the first thing she should do?
Answer: Get a real estate license
◉ Proof of continuing education is required every Answer: Two
years
