1|Page
Illinois Residential Leasing Agent License
Exam||Verified Questions with Correct Answers and
explanations LATEST THIS YEAR -JUST
RELEASED.pdf||NEWEST EXAM!!!
Disciplinary actions for leasing agents: - Answer-Shall
conform with disciplainary actions for licensed real estate
brokers
An applicant shall not practice as a student leasing agent
_____________. - Answer-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
d-it is a 180day student permit - Answer-c
The real estate recovery fund is maintained by IDFPR,
who is eligible to collect damages from this account? -
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Answer-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? -
Answer-4 times
the IDFPR requires escrow records to be maintained by
the sponsoring broker: - Answer-5 years
When must escrow money be deposited by the sponsoring
broker? - Answer-No later than the next business day
following the transaction.
Where is the original license for a leasing agent kept? -
Answer-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
the status of the licenses that were sponsored by Mary? -
Answer-All sponsored licensees immediately go into
inactive status.
, 3|Page
Which of the following is not a blind ad? - Answer-An
advertisement for rental property with the brokerage
company name and phone number listed on the ad.
A licensee seeking an apartment encountered
discrimination based on his age. Which one of the
following statements is correct regarding the real estate
recovery fund?
a- the licensee may not file a complaint with IDFPR
because of the real estate recovery fund is for members of
the general public and not licensees.
b- the licensee may not file a complaint because there is
no witness to the discrimination when the licensee claims
that discrimination took place
c-the licensee may file a complaint and a hearing will be
conducted by IDFPR to determine if any discrimination
took place
d- the licensee may file a complaint with IDFPR because
the discrimination took place five years ago and the case
was opened within the required time period. - Answer-c
the leasing agent license shall expire on July 31st of: -
Answer-even numbered years
Illinois Residential Leasing Agent License
Exam||Verified Questions with Correct Answers and
explanations LATEST THIS YEAR -JUST
RELEASED.pdf||NEWEST EXAM!!!
Disciplinary actions for leasing agents: - Answer-Shall
conform with disciplainary actions for licensed real estate
brokers
An applicant shall not practice as a student leasing agent
_____________. - Answer-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
d-it is a 180day student permit - Answer-c
The real estate recovery fund is maintained by IDFPR,
who is eligible to collect damages from this account? -
,2|Page
Answer-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? -
Answer-4 times
the IDFPR requires escrow records to be maintained by
the sponsoring broker: - Answer-5 years
When must escrow money be deposited by the sponsoring
broker? - Answer-No later than the next business day
following the transaction.
Where is the original license for a leasing agent kept? -
Answer-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
the status of the licenses that were sponsored by Mary? -
Answer-All sponsored licensees immediately go into
inactive status.
, 3|Page
Which of the following is not a blind ad? - Answer-An
advertisement for rental property with the brokerage
company name and phone number listed on the ad.
A licensee seeking an apartment encountered
discrimination based on his age. Which one of the
following statements is correct regarding the real estate
recovery fund?
a- the licensee may not file a complaint with IDFPR
because of the real estate recovery fund is for members of
the general public and not licensees.
b- the licensee may not file a complaint because there is
no witness to the discrimination when the licensee claims
that discrimination took place
c-the licensee may file a complaint and a hearing will be
conducted by IDFPR to determine if any discrimination
took place
d- the licensee may file a complaint with IDFPR because
the discrimination took place five years ago and the case
was opened within the required time period. - Answer-c
the leasing agent license shall expire on July 31st of: -
Answer-even numbered years
