Illinois State Exam Practice 2025/2026
With Verified Questions And Answers
Rita signed a seller's agency agreement with Foxfire Realty. She didn't receive a designated agency
disclosure form. What might be the reason for this - correct answer.💖💖💖💖✔<<<<<A designated
agency disclosure clause was included in the listing agreement.
Under what circumstances may sponsoring brokers maintain escrow records electronically? - correct
answer.💖💖💖💖✔<<<<<If the records are backed up and printed at least once a month
Kelly is working as a dual agent for Tom and Nancy Dresden, who are selling their 1982 ranch, and Merle
and Judy Sheppard, who are interested in buying it. She ran into the Dresdens today when she stopped
for coffee, and they had some questions for her. Which of the following questions is she allowed to
answer, given her dual agent role? - correct answer.💖💖💖💖✔<<<<<Should we accept this offer?
Licensee Lisa is given an earnest money check by Billy Buyer, who asks her to hold it for one week before
depositing it. What should Lisa do? - correct answer.💖💖💖💖✔<<<<<Get all parties to agree in
writing to hold the earnest money check for one week before depositing it.
The key here is that all parties must agree in writing.
Mandy is a buyer who has given her agent an earnest money check for $10,000 with an offer to
purchase. When will the check be deposited? - correct answer.💖💖💖💖✔<<<<<Immediately upon
receipt by her agent
Licensees are required to turn over earnest money funds to their managing broker immediately for
deposit.
Jeremy provided a Notice of No Agency Relationship disclosure to Tom and Martina. Which of these
statements about this situation must be true? - correct answer.💖💖💖💖✔<<<<<Tom and Martina
have elected to have Jeremy perform only ministerial tasks for them
,Marcus died intestate (without leaving a will). His wife, Elaine, and two children, Patrick and Rhonda, are
in the line of succession to inherit his estate. According to Illinois law, how will the property be
distributed? - correct answer.💖💖💖💖✔<<<<<Elaine receives 50% and the children each receive
25%.
While succession laws are complex, in general, Illinois law says that Marcus's wife receives 50% of the
estate and the children split the remaining 50% equally.
Reich Real Estate has discovered that their licensee, Ivan, has been stealing money from clients by
depositing their earnest money into his own account. What will likely be the consequence? - correct
answer.💖💖💖💖✔<<<<<Ivan's license could be suspended without a hearing.
Which of these statements about the Illinois sponsoring broker exam is true? - correct
answer.💖💖💖💖✔<<<<<Sponsoring brokers don't take a separate exam.
A landlord who rents five or more units in one building should provide a written cost of repairs within
_______ days of the tenant vacating. - correct answer.💖💖💖💖✔<<<<<30
If the building or complex comprises five or more units, the landlord should provide the tenant with a
written statement noting the property damage that must be repaired, and an estimate of the repair
costs, within 30 days of a tenant vacating.
Which of these best describes Illinois license reciprocity? - correct
answer.💖💖💖💖✔<<<<<Licensees in another state that has a reciprocity agreement with Illinois
may skip some or all of the Illinois pre-licensing requirements.
Reciprocity agreements allow licensees from another state to skip some or all of the Illinois pre-licensing
requirements when applying for Illinois licensure.
Which of the following licensees are allowed to work independently in Illinois without being sponsored?
- correct answer.💖💖💖💖✔<<<<<Managing brokers
, Sally has been assigned to a prospective tenant client, James, as a designated agent. They're meeting
today to sign the brokerage agreement. When is Sally required to provide a written agency disclosure to
James? - correct answer.💖💖💖💖✔<<<<<Sally must present the written disclosure to James
today, before or just as the two of them sign the brokerage agreement.
An Illinois licensee may not use advertising or marketing that ______. - correct
answer.💖💖💖💖✔<<<<<Is deceptive or misleading
Are property stigmas required to be disclosed in Illinois? - correct answer.💖💖💖💖✔<<<<<No,
stigmas aren't required to be disclosed in Illinois.
Illinois licensee Alma is one busy woman: In addition to her regular broker duties, she also mentors
three other licensees. The company owner has approached her about managing two additional office
locations, but she'd need to take more coursework to be qualified to do that. What kind of broker is
she? - correct answer.💖💖💖💖✔<<<<<Broker
Alma is a broker. She'd need to take additional coursework and become a designated managing broker
to manage a brokerage office.
Which of the following is an Illinois licensee working as a dual agent allowed to disclose to the seller? -
correct answer.💖💖💖💖✔<<<<<The buyer is pre-approved for a mortgage
Perry is the sponsoring broker for affiliated licensees Reyna and Maggie. Reyna just closed a deal for
seller client Ziggy. Maggie assisted Reyna with hosting several open houses for the deal and will receive
a 1% commission. In accordance with Illinois law, whom can Maggie expect to pay her commission? -
correct answer.💖💖💖💖✔<<<<<Perry
Carlos is representing the seller of a duplex in Chicago. A buyer approaches him about purchasing the
property, which would put Carlos in the position of being a dual agent. What's true about this scenario?
- correct answer.💖💖💖💖✔<<<<<Carlos can only act as a dual agent if both the seller and the
buyer consent to it.
Kai is performing real estate activities under a court order, so he is ______. - correct
answer.💖💖💖💖✔<<<<<Not required to have a real estate license
With Verified Questions And Answers
Rita signed a seller's agency agreement with Foxfire Realty. She didn't receive a designated agency
disclosure form. What might be the reason for this - correct answer.💖💖💖💖✔<<<<<A designated
agency disclosure clause was included in the listing agreement.
Under what circumstances may sponsoring brokers maintain escrow records electronically? - correct
answer.💖💖💖💖✔<<<<<If the records are backed up and printed at least once a month
Kelly is working as a dual agent for Tom and Nancy Dresden, who are selling their 1982 ranch, and Merle
and Judy Sheppard, who are interested in buying it. She ran into the Dresdens today when she stopped
for coffee, and they had some questions for her. Which of the following questions is she allowed to
answer, given her dual agent role? - correct answer.💖💖💖💖✔<<<<<Should we accept this offer?
Licensee Lisa is given an earnest money check by Billy Buyer, who asks her to hold it for one week before
depositing it. What should Lisa do? - correct answer.💖💖💖💖✔<<<<<Get all parties to agree in
writing to hold the earnest money check for one week before depositing it.
The key here is that all parties must agree in writing.
Mandy is a buyer who has given her agent an earnest money check for $10,000 with an offer to
purchase. When will the check be deposited? - correct answer.💖💖💖💖✔<<<<<Immediately upon
receipt by her agent
Licensees are required to turn over earnest money funds to their managing broker immediately for
deposit.
Jeremy provided a Notice of No Agency Relationship disclosure to Tom and Martina. Which of these
statements about this situation must be true? - correct answer.💖💖💖💖✔<<<<<Tom and Martina
have elected to have Jeremy perform only ministerial tasks for them
,Marcus died intestate (without leaving a will). His wife, Elaine, and two children, Patrick and Rhonda, are
in the line of succession to inherit his estate. According to Illinois law, how will the property be
distributed? - correct answer.💖💖💖💖✔<<<<<Elaine receives 50% and the children each receive
25%.
While succession laws are complex, in general, Illinois law says that Marcus's wife receives 50% of the
estate and the children split the remaining 50% equally.
Reich Real Estate has discovered that their licensee, Ivan, has been stealing money from clients by
depositing their earnest money into his own account. What will likely be the consequence? - correct
answer.💖💖💖💖✔<<<<<Ivan's license could be suspended without a hearing.
Which of these statements about the Illinois sponsoring broker exam is true? - correct
answer.💖💖💖💖✔<<<<<Sponsoring brokers don't take a separate exam.
A landlord who rents five or more units in one building should provide a written cost of repairs within
_______ days of the tenant vacating. - correct answer.💖💖💖💖✔<<<<<30
If the building or complex comprises five or more units, the landlord should provide the tenant with a
written statement noting the property damage that must be repaired, and an estimate of the repair
costs, within 30 days of a tenant vacating.
Which of these best describes Illinois license reciprocity? - correct
answer.💖💖💖💖✔<<<<<Licensees in another state that has a reciprocity agreement with Illinois
may skip some or all of the Illinois pre-licensing requirements.
Reciprocity agreements allow licensees from another state to skip some or all of the Illinois pre-licensing
requirements when applying for Illinois licensure.
Which of the following licensees are allowed to work independently in Illinois without being sponsored?
- correct answer.💖💖💖💖✔<<<<<Managing brokers
, Sally has been assigned to a prospective tenant client, James, as a designated agent. They're meeting
today to sign the brokerage agreement. When is Sally required to provide a written agency disclosure to
James? - correct answer.💖💖💖💖✔<<<<<Sally must present the written disclosure to James
today, before or just as the two of them sign the brokerage agreement.
An Illinois licensee may not use advertising or marketing that ______. - correct
answer.💖💖💖💖✔<<<<<Is deceptive or misleading
Are property stigmas required to be disclosed in Illinois? - correct answer.💖💖💖💖✔<<<<<No,
stigmas aren't required to be disclosed in Illinois.
Illinois licensee Alma is one busy woman: In addition to her regular broker duties, she also mentors
three other licensees. The company owner has approached her about managing two additional office
locations, but she'd need to take more coursework to be qualified to do that. What kind of broker is
she? - correct answer.💖💖💖💖✔<<<<<Broker
Alma is a broker. She'd need to take additional coursework and become a designated managing broker
to manage a brokerage office.
Which of the following is an Illinois licensee working as a dual agent allowed to disclose to the seller? -
correct answer.💖💖💖💖✔<<<<<The buyer is pre-approved for a mortgage
Perry is the sponsoring broker for affiliated licensees Reyna and Maggie. Reyna just closed a deal for
seller client Ziggy. Maggie assisted Reyna with hosting several open houses for the deal and will receive
a 1% commission. In accordance with Illinois law, whom can Maggie expect to pay her commission? -
correct answer.💖💖💖💖✔<<<<<Perry
Carlos is representing the seller of a duplex in Chicago. A buyer approaches him about purchasing the
property, which would put Carlos in the position of being a dual agent. What's true about this scenario?
- correct answer.💖💖💖💖✔<<<<<Carlos can only act as a dual agent if both the seller and the
buyer consent to it.
Kai is performing real estate activities under a court order, so he is ______. - correct
answer.💖💖💖💖✔<<<<<Not required to have a real estate license
