ILLINOIS LEASING AGENT EXAM 2024 WITH 100% ACCURATE SOLUTIONS

ILLINOIS LEASING AGENT EXAM 2024 WITH 100% ACCURATE SOLUTIONS 1. The lease contract stated that the renters would bring in the security deposit within five days. It is now the sixth day and the renters have not brought in the money. This is legally referred to as: - correct answer Breach 2. In dealing with the public, a licensee: - correct answer may keep silent about a material fact concerning the property if the client is the owner. d) may negotiate different commissions with different owners. 3. Escrow monies: - correct answer could include security deposits as well as earnest money. 4. An offer may be terminated: - correct answer if it is rejected; if it is changed; or if it is revoked before acceptance. A property management company runs a complex of several buildings, all belonging to the same owner and on the same parcel of land. At the owner's request, the manager has made apartments available to families with children in just two of the buildings. This practice is: - correct answer Steering 6. In a lease an owner may hold a future interest in the property known as: - correct answer Reversion are interest 7. Which of the following would be considered a dual agency? - correct answer A licensee is representing both landlord and tenant in the same transaction.