ILLINOIS RESIDENTIAL LEASING AGENT
LICENSE TEST EXAM WITH GRADED
ANSWERS
The Residential Leasing Agent license allows the
licensee to engage in:
A) Only residential leasing activities for which a
license is required by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing - answer-
A) Only residential activities for which a license if
required by IDFPR
The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years - answer-A) Even numbered
years
,Sponsoring brokers must submit the 45 day sponsor
card to IDFPR within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
d) 48 hours of employment - answer-B) 24 hours of
employment
Leasing Agent licensees must complete how many
hours of continuing education during the 24 month
period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
d) 8 hours of continuing education - answer-D) 8
hours of continuing education
The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee
violations
,b) A fund at IDFPR to reimburse persons who suffer
loss due to licensee's actions
c) A fund that every sponsoring broker is required to
keep in case of violations
d) A fund at the local Realtor Association to discipline
licensees - answer-B) A fund at IDFPR to reimburse
persons who suffer a loss due to a licensee's actions
The general requirements for a Residential Leasing
Agent to obtain a license include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
C) Applicant must have a sponsoring broker or broker
firm
D) All of the above - answer-D) All of the above
Which of the following is TRUE as it relates to the
licensing of Residential Leasing Agents?
A) Leasing agents may engage in either sales or rental
of all property types
, B) Leasing agents may engage in only the sale of
residential property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker
or broker firm - answer-D) All licensed leasing agents
must be sponsored by a broker or broker firm
Disciplinary actions for leasing agents:
A) Shall be less than that which is levied on other
licensees
B) Shall conform with disciplinary actions for all
licensees
C) Are established by the broker
D) Are established by Illinois Realtors - answer-B)
Shall conform with disciplinary actions for all
licensees
An applicant shall not practice as a Student Leasing
Agent:
A) More than once in a 24-month period
B) More than once a year
LICENSE TEST EXAM WITH GRADED
ANSWERS
The Residential Leasing Agent license allows the
licensee to engage in:
A) Only residential leasing activities for which a
license is required by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing - answer-
A) Only residential activities for which a license if
required by IDFPR
The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years - answer-A) Even numbered
years
,Sponsoring brokers must submit the 45 day sponsor
card to IDFPR within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
d) 48 hours of employment - answer-B) 24 hours of
employment
Leasing Agent licensees must complete how many
hours of continuing education during the 24 month
period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
d) 8 hours of continuing education - answer-D) 8
hours of continuing education
The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee
violations
,b) A fund at IDFPR to reimburse persons who suffer
loss due to licensee's actions
c) A fund that every sponsoring broker is required to
keep in case of violations
d) A fund at the local Realtor Association to discipline
licensees - answer-B) A fund at IDFPR to reimburse
persons who suffer a loss due to a licensee's actions
The general requirements for a Residential Leasing
Agent to obtain a license include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
C) Applicant must have a sponsoring broker or broker
firm
D) All of the above - answer-D) All of the above
Which of the following is TRUE as it relates to the
licensing of Residential Leasing Agents?
A) Leasing agents may engage in either sales or rental
of all property types
, B) Leasing agents may engage in only the sale of
residential property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker
or broker firm - answer-D) All licensed leasing agents
must be sponsored by a broker or broker firm
Disciplinary actions for leasing agents:
A) Shall be less than that which is levied on other
licensees
B) Shall conform with disciplinary actions for all
licensees
C) Are established by the broker
D) Are established by Illinois Realtors - answer-B)
Shall conform with disciplinary actions for all
licensees
An applicant shall not practice as a Student Leasing
Agent:
A) More than once in a 24-month period
B) More than once a year
