LEASING AGENT EXAMS SET 2026
PRACTICE QUESTIONS AND ANSWERS
FULL SOLUTION
●● sponsoring brokers must submit the 45 day sponsor card to IDFPR
within:
Answer: 24 hours of employment
●● leasing agent licensees must complete how many hours of containing
education during the 24 month period prior renewal:
Answer: 8 hours of continuing education
●● The real estate recovery fund is:
Answer: a fund at IDFPR to reimburse persons who suffer loss due to a
licensees actions.
●● The general requirements for a residential leasing agent to obtain a
license include:
Answer: applicant must be 18 years of age, must have a highschool
diploma or GED, must have a sponsoring broker or firm.
●● True or False; All licensed agents must be sponsored by a sponsored
broker or firm?
,Answer: true
●● True or False; Leasing agents must be 21 years of age and only
engage in the sale of residential property?
Answer: false
●● 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?
, 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.
●● Which of the following is not a blind ad?
PRACTICE QUESTIONS AND ANSWERS
FULL SOLUTION
●● sponsoring brokers must submit the 45 day sponsor card to IDFPR
within:
Answer: 24 hours of employment
●● leasing agent licensees must complete how many hours of containing
education during the 24 month period prior renewal:
Answer: 8 hours of continuing education
●● The real estate recovery fund is:
Answer: a fund at IDFPR to reimburse persons who suffer loss due to a
licensees actions.
●● The general requirements for a residential leasing agent to obtain a
license include:
Answer: applicant must be 18 years of age, must have a highschool
diploma or GED, must have a sponsoring broker or firm.
●● True or False; All licensed agents must be sponsored by a sponsored
broker or firm?
,Answer: true
●● True or False; Leasing agents must be 21 years of age and only
engage in the sale of residential property?
Answer: false
●● 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?
, 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.
●● Which of the following is not a blind ad?
