Illinois Aceable Agent Questions with
All Correct Answers 2025-2026
Updated.
A couple is married, and both are Illinois residents. If their co-owned home is sold to satisfy
their unpaid credit card debts, what is the maximum the creditors will receive if the property
sells for $165,000?
a. $135,000
b. $157,500
c. Nothing
d. $163,600 - Answer a. $135,000
Taxes levied on a property owner to pay for installation of sidewalks or sewers are called
a. special excise taxes.
b. ad valorem taxes.
c. general assessments.
d. special assessments. - Answer d. special assessments.
In a township of 36 sections, which of these statements is TRUE?
a. Section 18 is by law set aside for school purposes.
b. Section 16 lies to the north of Section 21.
c. Section 31 lies to the east of Section 32.
d. Section 6 lies in the northeast corner of the township. - Answer b. Section 16 lies to the
north of Section 21.
The state of Illinois does have some exceptions to the requirement for continuing education.
Which of the following are exceptions to that rule?
a. Any full-time employee of the IDFPR, and licensees who are licensed attorneys admitted to
practice law in the state of Illinois.
b. A salesperson who has had her license for less than ONE year as of the renewal date.
c. All of the other options are exceptions to the continuing education requirement in Illinois.
d. A licensee who served in the military during the renewal period. - Answer c. All of the
other options are exceptions to the continuing education requirement in Illinois.
When a broker passes the license examination, the first proof of the eligibility to engage in real
estate activities in Illinois is a
a. pass card.
, b. sponsor card.
c. pocket card.
d. license. - Answer b. sponsor card.
Real property locations in Illinois are described by their geographic relation to:
a. the second, third, and fourth principal meridians.
b. a government check.
c. correction line F.
d. the Fifth Principal Meridian. - Answer a. the second, third, and fourth principal meridians.
Which of these escrow records must be kept by a broker?
a. Monthly reconciliation statements
b. All of these
c. Ledger
d. Journal - Answer b. All of these
Illinois law requires a preprinted offer to purchase that is intended to become a binding contract
to have which of these headings?
a. Real Estate Sales Contract
b. Standard Purchase Offer and Contract
c. Offer to Purchase
d. Purchase Offer Form - Answer a. Real Estate Sales Contract
Which of the following describes any consumer with whom the licensee works, unless the
parties agree otherwise?
a. Broker
b. Shareholder
c. Salesperson
d. Client - Answer d. Client
A licensee who violates license law the first time is guilty of which of the following?
a. A first-time offender is guilty of a Class A Felony.
b. A first-time offender is guilty of a Class C Felony.
c. A first-time offender is guilty of a Class B Felony.
d. A first-time offender is guilty of a Class C Misdemeanor. - Answer d. A first-time offender is
guilty of a Class C Misdemeanor.
All Correct Answers 2025-2026
Updated.
A couple is married, and both are Illinois residents. If their co-owned home is sold to satisfy
their unpaid credit card debts, what is the maximum the creditors will receive if the property
sells for $165,000?
a. $135,000
b. $157,500
c. Nothing
d. $163,600 - Answer a. $135,000
Taxes levied on a property owner to pay for installation of sidewalks or sewers are called
a. special excise taxes.
b. ad valorem taxes.
c. general assessments.
d. special assessments. - Answer d. special assessments.
In a township of 36 sections, which of these statements is TRUE?
a. Section 18 is by law set aside for school purposes.
b. Section 16 lies to the north of Section 21.
c. Section 31 lies to the east of Section 32.
d. Section 6 lies in the northeast corner of the township. - Answer b. Section 16 lies to the
north of Section 21.
The state of Illinois does have some exceptions to the requirement for continuing education.
Which of the following are exceptions to that rule?
a. Any full-time employee of the IDFPR, and licensees who are licensed attorneys admitted to
practice law in the state of Illinois.
b. A salesperson who has had her license for less than ONE year as of the renewal date.
c. All of the other options are exceptions to the continuing education requirement in Illinois.
d. A licensee who served in the military during the renewal period. - Answer c. All of the
other options are exceptions to the continuing education requirement in Illinois.
When a broker passes the license examination, the first proof of the eligibility to engage in real
estate activities in Illinois is a
a. pass card.
, b. sponsor card.
c. pocket card.
d. license. - Answer b. sponsor card.
Real property locations in Illinois are described by their geographic relation to:
a. the second, third, and fourth principal meridians.
b. a government check.
c. correction line F.
d. the Fifth Principal Meridian. - Answer a. the second, third, and fourth principal meridians.
Which of these escrow records must be kept by a broker?
a. Monthly reconciliation statements
b. All of these
c. Ledger
d. Journal - Answer b. All of these
Illinois law requires a preprinted offer to purchase that is intended to become a binding contract
to have which of these headings?
a. Real Estate Sales Contract
b. Standard Purchase Offer and Contract
c. Offer to Purchase
d. Purchase Offer Form - Answer a. Real Estate Sales Contract
Which of the following describes any consumer with whom the licensee works, unless the
parties agree otherwise?
a. Broker
b. Shareholder
c. Salesperson
d. Client - Answer d. Client
A licensee who violates license law the first time is guilty of which of the following?
a. A first-time offender is guilty of a Class A Felony.
b. A first-time offender is guilty of a Class C Felony.
c. A first-time offender is guilty of a Class B Felony.
d. A first-time offender is guilty of a Class C Misdemeanor. - Answer d. A first-time offender is
guilty of a Class C Misdemeanor.
