Illinois Real Estate Exam Pre-Test Exam Newest
2026 Questions and Correct Detailed Answers
Already Graded A+
The unlicensed practice of real estate is a civil penalty in an amount
A)
equal to the commission earned.
B)
not to exceed $25,000.
C)
$10,000 for each offense.
D)
not to exceed $25,000 for each offense. - CORRECT ANSWER-D
A person successfully completed her real estate education requirement on
November 1, 2020. What is the latest date on which she may take the broker's
exam?
A)
By November 1, 2024
B)
,By December 1, 2020
C)
By October 31, 2025
D)
By October 31, 2022 - CORRECT ANSWER-D
Upon renewal a real estate broker's license, a licensee writes a bad check to the
IDFPR (Illinois Department of Financial Professional Regulation). In this
circumstance, the licensee faces
A) automatically having her license revoked.
unselected Option A is automatically having her license revoked. is incorrect
B)
prosecution by the attorney general.
unselected Option B is prosecution by the attorney general. is incorrect
C)
paying a $50 fine due within 30 days or face license termination.
selected Option C is paying a $50 fine due within 30 days or face license
termination. is correct
D)
, paying a $500 fine and then going through the discipline proceedings. -
CORRECT ANSWER-C
There is a woman that is really good at locating temporary housing for friends.
They have encouraged her to start a small home business. What is the first thing
she should do?
A)
Get a real estate license
B)
Take MLS classes
C)
Talk to prospective building owners
D)
Plan her advertising - CORRECT ANSWER-A
Which of these BEST describes a licensee who may elect to use a "corporation or
other business entity" to receive compensation earned?
A)
The members of a team from their sponsoring broker.
B)
2026 Questions and Correct Detailed Answers
Already Graded A+
The unlicensed practice of real estate is a civil penalty in an amount
A)
equal to the commission earned.
B)
not to exceed $25,000.
C)
$10,000 for each offense.
D)
not to exceed $25,000 for each offense. - CORRECT ANSWER-D
A person successfully completed her real estate education requirement on
November 1, 2020. What is the latest date on which she may take the broker's
exam?
A)
By November 1, 2024
B)
,By December 1, 2020
C)
By October 31, 2025
D)
By October 31, 2022 - CORRECT ANSWER-D
Upon renewal a real estate broker's license, a licensee writes a bad check to the
IDFPR (Illinois Department of Financial Professional Regulation). In this
circumstance, the licensee faces
A) automatically having her license revoked.
unselected Option A is automatically having her license revoked. is incorrect
B)
prosecution by the attorney general.
unselected Option B is prosecution by the attorney general. is incorrect
C)
paying a $50 fine due within 30 days or face license termination.
selected Option C is paying a $50 fine due within 30 days or face license
termination. is correct
D)
, paying a $500 fine and then going through the discipline proceedings. -
CORRECT ANSWER-C
There is a woman that is really good at locating temporary housing for friends.
They have encouraged her to start a small home business. What is the first thing
she should do?
A)
Get a real estate license
B)
Take MLS classes
C)
Talk to prospective building owners
D)
Plan her advertising - CORRECT ANSWER-A
Which of these BEST describes a licensee who may elect to use a "corporation or
other business entity" to receive compensation earned?
A)
The members of a team from their sponsoring broker.
B)
