LEASING AGENT FINAL PAPER 2026 TEST QUESTIONS AND CORRECT ANSWERS VERIFIED

LEASING AGENT FINAL PAPER 2026 TEST
QUESTIONS AND CORRECT ANSWERS
VERIFIED

●● If you don't know an answer, what do you do?.
Answer: Ask your managing broker.


●● Max fine for unlicensed practice?.
Answer: $25,000.


●● Can a leasing agent hold escrow?.
Answer: No.


●● Who deposits escrow + when?.
Answer: Managing broker, within 48 hours.


●● Escrow records kept how long?.
Answer: 5 years.


●● Renewal date?.
Answer: July 31 of every even-numbered year.

, ●● Who assigns properties to you?.
Answer: Sponsoring broker.


●● Legal advice allowed?.
Answer: No.


●● Can leasing agent negotiate rent?.
Answer: Yes, if licensed.


●● Can show apartments?.
Answer: Yes.


●● Can negotiate rent?.
Answer: No.


●● Can do paperwork?.
Answer: Yes.


●● Work after 120 days unlicensed?.
Answer: No.