ILLINOIS LEASING AGENT PREP
ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED
A+
◍ What is landlord-tenant law?.
Answer: Landlord-tenant law governs the rental agreements between
landlords and tenants, outlining their rights and responsibilities.
◍ The leasing agent license shall expire on July 31st of a) Even numbered
yearsb) Odd numbered years c) Each yeard) Every three years.
Answer: A) Even numbered years
◍ What are fair housing regulations?.
Answer: Fair housing regulations prohibit discrimination in housing based
on race, color, religion, sex, national origin, familial status, or disability.
◍ What is a lease agreement?.
Answer: A lease agreement is a legally binding contract between a landlord
and tenant that outlines the terms of renting a property.
◍ Sponsoring brokers must submit the 45 day sponsor card to IDFPR within:a)
12 hours of employmentb) 24 hours of employmentc) 36 hours of
employmentd) 48 hours of employment.
Answer: B) 24 hours of employment
◍ What is property management?.
Answer: Property management involves overseeing and managing
residential or commercial properties on behalf of the owner, including
maintenance, tenant relations, and rent collection.
◍ What are licensing requirements for leasing agents in Illinois?.
, Answer: In Illinois, leasing agents must obtain a license by completing
required education, passing an exam, and meeting other state-specific
criteria.
◍ Leasing Agent licensees must complete how many hours of continuing
education during the 24 month period prior renewal:a) 12 hours of
continuing educationb) 15 hours of continuing educationc) 3 hours of
continuing educationd) 8 hours of continuing education.
Answer: D) 8 hours of continuing education
◍ What is the Illinois Residential Tenants' Right Act?.
Answer: The Illinois Residential Tenants' Right Act provides protections for
tenants, including the right to habitable living conditions and the right to
privacy.
◍ The Real Estate Recovery Fund is a) A fund maintained by the broker for
licensee violationsb) A fund at IDFPR to reimburse persons who suffer loss
due to licensee's actionsc) A fund that every sponsoring broker is required to
keep in case of violationsd) 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
◍ What is security deposit regulation in Illinois?.
Answer: Illinois law regulates security deposits, requiring landlords to return
deposits within 45 days after a tenant vacates, minus any lawful deductions.
◍ What is the Fair Housing Act?.
Answer: The Fair Housing Act is a federal law that prohibits discrimination
in housing based on protected classes and promotes equal housing
opportunities.
◍ 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 GEDC) Applicant must have a sponsoring broker or
broker firmD) 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 typesB) 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
◍ What is a month-to-month lease?.
Answer: A month-to-month lease is a rental agreement that automatically
renews each month until either party gives notice to terminate.
◍ What is the purpose of a rental application?.
Answer: A rental application is used by landlords to screen potential tenants
by collecting personal information, rental history, and creditworthiness.
◍ The Residential Leasing Agent license allows the licensee to engage in:A)
Only residential leasing activities for which a license is required by
IDFPRB) The sale of commercial real estateC) Only HUD related
residential estateD) Shopping center management and leasing.
Answer: A) Only residential activities for which a license if required by
IDFPR
◍ Disciplinary actions for leasing agents:A) Shall be less than that which is
levied on other licenseesB) Shall conform with disciplinary actions for all
licenseesC) Are established by the brokerD) 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 periodB) More than once a yearC) More than onceD)
More than once in a 36-month period.
Answer: C) More than once
◍ What are tenant rights regarding repairs?.
ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED
A+
◍ What is landlord-tenant law?.
Answer: Landlord-tenant law governs the rental agreements between
landlords and tenants, outlining their rights and responsibilities.
◍ The leasing agent license shall expire on July 31st of a) Even numbered
yearsb) Odd numbered years c) Each yeard) Every three years.
Answer: A) Even numbered years
◍ What are fair housing regulations?.
Answer: Fair housing regulations prohibit discrimination in housing based
on race, color, religion, sex, national origin, familial status, or disability.
◍ What is a lease agreement?.
Answer: A lease agreement is a legally binding contract between a landlord
and tenant that outlines the terms of renting a property.
◍ Sponsoring brokers must submit the 45 day sponsor card to IDFPR within:a)
12 hours of employmentb) 24 hours of employmentc) 36 hours of
employmentd) 48 hours of employment.
Answer: B) 24 hours of employment
◍ What is property management?.
Answer: Property management involves overseeing and managing
residential or commercial properties on behalf of the owner, including
maintenance, tenant relations, and rent collection.
◍ What are licensing requirements for leasing agents in Illinois?.
, Answer: In Illinois, leasing agents must obtain a license by completing
required education, passing an exam, and meeting other state-specific
criteria.
◍ Leasing Agent licensees must complete how many hours of continuing
education during the 24 month period prior renewal:a) 12 hours of
continuing educationb) 15 hours of continuing educationc) 3 hours of
continuing educationd) 8 hours of continuing education.
Answer: D) 8 hours of continuing education
◍ What is the Illinois Residential Tenants' Right Act?.
Answer: The Illinois Residential Tenants' Right Act provides protections for
tenants, including the right to habitable living conditions and the right to
privacy.
◍ The Real Estate Recovery Fund is a) A fund maintained by the broker for
licensee violationsb) A fund at IDFPR to reimburse persons who suffer loss
due to licensee's actionsc) A fund that every sponsoring broker is required to
keep in case of violationsd) 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
◍ What is security deposit regulation in Illinois?.
Answer: Illinois law regulates security deposits, requiring landlords to return
deposits within 45 days after a tenant vacates, minus any lawful deductions.
◍ What is the Fair Housing Act?.
Answer: The Fair Housing Act is a federal law that prohibits discrimination
in housing based on protected classes and promotes equal housing
opportunities.
◍ 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 GEDC) Applicant must have a sponsoring broker or
broker firmD) 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 typesB) 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
◍ What is a month-to-month lease?.
Answer: A month-to-month lease is a rental agreement that automatically
renews each month until either party gives notice to terminate.
◍ What is the purpose of a rental application?.
Answer: A rental application is used by landlords to screen potential tenants
by collecting personal information, rental history, and creditworthiness.
◍ The Residential Leasing Agent license allows the licensee to engage in:A)
Only residential leasing activities for which a license is required by
IDFPRB) The sale of commercial real estateC) Only HUD related
residential estateD) Shopping center management and leasing.
Answer: A) Only residential activities for which a license if required by
IDFPR
◍ Disciplinary actions for leasing agents:A) Shall be less than that which is
levied on other licenseesB) Shall conform with disciplinary actions for all
licenseesC) Are established by the brokerD) 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 periodB) More than once a yearC) More than onceD)
More than once in a 36-month period.
Answer: C) More than once
◍ What are tenant rights regarding repairs?.
