ILLINOIS BOATING LICENSE TEST FINAL EXAM 2025 COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Illinois Lessees are entitled to receive interest on security deposits
a. If a building contains over 4 units.
b. If a building is not owner occupied.
c. If the landlord owns three or more buildings.
d. If the landlord receives security deposits in properties of 25 or more units and the deposits are held
for more than six months. - (ANSWER)If the landlord receives security deposits in properties of 25 or
more units and the deposits are held for more than six months.
A year ago Tom rented an apartment with a 1 year lease. When the lease expired, the owner rented the
apartment to another party. Tom refused to move. This creates...
a. A tenancy in sufferance
b. Periodic Tenancy
c. Tenancy at will
d. Estate for years - (ANSWER)A tenancy in sufferance
A disabled woman under the Americans with Disabilities Act wants to lower the kitchen cabinets down
to 24" from the standard height of 36
a. Under ADA the landlord must pay for this.
b. Under ADA the tenant may lower the cabinets so long as she replaces them to their original condition
at the termination of her tenancy.
c. Being that these are not reasonable alterations, the landlord can refuse permission.
,ILLINOIS BOATING LICENSE TEST FINAL EXAM 2025 COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
d. Because it would be next to impossible to return them to their original condition, the landlord may
refuse permission. - (ANSWER)Under ADA the tenant may lower the cabinets so long as she replaces
them to their original condition at the termination of her tenancy.
Under Illinois law
a. Escrow accounts apply to sales, and security deposits may be comingled with the lessors own funds.
b. All money received as security deposits must be placed in a escrow account.
c. All money received as security deposits must be placed in the landlords' rental account.
d. Security deposits are considered advance payment of last months' rent. - (ANSWER)All money
received as security deposits must be placed in a escrow account.
With respect to an agent's fiduciary duty, which of the following is true?
a. The duty of loyalty requires an agent to refrain from showing an apartment to another prospective
tenant if the first client states that he would like a day or two to make a decision as to whether or not he
would like to lease the apartment.
b. The duty of confidentiality requires that when the lessor is the principal and the agent knows there is
a major fault with the apartment, the agent should not inform the lessee.
c. The duty of obedience requires the principal to oblige with the client's request that he does not want
to lease to a specified ethnic group.
d. The duty of loyalty requires the leasing agent to disclose all known facts about the transaction to the
agent's principal, even if the agent believes said facts could be detrimental to the agent's own interests.
- (ANSWER)The duty of loyalty requires the leasing agent to disclose all known facts about the
transaction to the agent's principal, even if the agent believes said facts could be detrimental to the
agent's own interests.
If the agent represents the landlord as the principal:
, ILLINOIS BOATING LICENSE TEST FINAL EXAM 2025 COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
a. He does not have to reveal known defects in the apartment to the lessee.
b. Must fulfill his fiduciary duty for the lessor and has no duty to the lessee.
c. Must disclose only to the lessor the agency relationship.
d. Under the rules and laws of disclosures, the agent must be fair and honest with the lessee. -
(ANSWER)Under the rules and laws of disclosures, the agent must be fair and honest with the lessee.
The renewal date and fee associated with a leasing agent's license is
a. July 31st of odd number of years and must pay a renewal fee of $100.
b. July 31st of even number of years and must pay a renewal fee of $150.
c. July 31st of even number of years and must pay a renewal fee of $100.
d. April 30th of even number of years and pay a renewal fee of $100. - (ANSWER)July 31st of even
number of years and must pay a renewal fee of $100
Under the Illinois Law of Agency...
a. Only the lessee can be your principal.
b. Only the lessor can be your principal.
c. You can represent either the lessee or the lessor.
d. You can represent both the lessor and the lessee provided that you make proper disclosure and
obtain written consent from each. - (ANSWER)You can represent both the lessor and the lessee provided
that you make proper disclosure and obtain written consent from each.
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Illinois Lessees are entitled to receive interest on security deposits
a. If a building contains over 4 units.
b. If a building is not owner occupied.
c. If the landlord owns three or more buildings.
d. If the landlord receives security deposits in properties of 25 or more units and the deposits are held
for more than six months. - (ANSWER)If the landlord receives security deposits in properties of 25 or
more units and the deposits are held for more than six months.
A year ago Tom rented an apartment with a 1 year lease. When the lease expired, the owner rented the
apartment to another party. Tom refused to move. This creates...
a. A tenancy in sufferance
b. Periodic Tenancy
c. Tenancy at will
d. Estate for years - (ANSWER)A tenancy in sufferance
A disabled woman under the Americans with Disabilities Act wants to lower the kitchen cabinets down
to 24" from the standard height of 36
a. Under ADA the landlord must pay for this.
b. Under ADA the tenant may lower the cabinets so long as she replaces them to their original condition
at the termination of her tenancy.
c. Being that these are not reasonable alterations, the landlord can refuse permission.
,ILLINOIS BOATING LICENSE TEST FINAL EXAM 2025 COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
d. Because it would be next to impossible to return them to their original condition, the landlord may
refuse permission. - (ANSWER)Under ADA the tenant may lower the cabinets so long as she replaces
them to their original condition at the termination of her tenancy.
Under Illinois law
a. Escrow accounts apply to sales, and security deposits may be comingled with the lessors own funds.
b. All money received as security deposits must be placed in a escrow account.
c. All money received as security deposits must be placed in the landlords' rental account.
d. Security deposits are considered advance payment of last months' rent. - (ANSWER)All money
received as security deposits must be placed in a escrow account.
With respect to an agent's fiduciary duty, which of the following is true?
a. The duty of loyalty requires an agent to refrain from showing an apartment to another prospective
tenant if the first client states that he would like a day or two to make a decision as to whether or not he
would like to lease the apartment.
b. The duty of confidentiality requires that when the lessor is the principal and the agent knows there is
a major fault with the apartment, the agent should not inform the lessee.
c. The duty of obedience requires the principal to oblige with the client's request that he does not want
to lease to a specified ethnic group.
d. The duty of loyalty requires the leasing agent to disclose all known facts about the transaction to the
agent's principal, even if the agent believes said facts could be detrimental to the agent's own interests.
- (ANSWER)The duty of loyalty requires the leasing agent to disclose all known facts about the
transaction to the agent's principal, even if the agent believes said facts could be detrimental to the
agent's own interests.
If the agent represents the landlord as the principal:
, ILLINOIS BOATING LICENSE TEST FINAL EXAM 2025 COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
a. He does not have to reveal known defects in the apartment to the lessee.
b. Must fulfill his fiduciary duty for the lessor and has no duty to the lessee.
c. Must disclose only to the lessor the agency relationship.
d. Under the rules and laws of disclosures, the agent must be fair and honest with the lessee. -
(ANSWER)Under the rules and laws of disclosures, the agent must be fair and honest with the lessee.
The renewal date and fee associated with a leasing agent's license is
a. July 31st of odd number of years and must pay a renewal fee of $100.
b. July 31st of even number of years and must pay a renewal fee of $150.
c. July 31st of even number of years and must pay a renewal fee of $100.
d. April 30th of even number of years and pay a renewal fee of $100. - (ANSWER)July 31st of even
number of years and must pay a renewal fee of $100
Under the Illinois Law of Agency...
a. Only the lessee can be your principal.
b. Only the lessor can be your principal.
c. You can represent either the lessee or the lessor.
d. You can represent both the lessor and the lessee provided that you make proper disclosure and
obtain written consent from each. - (ANSWER)You can represent both the lessor and the lessee provided
that you make proper disclosure and obtain written consent from each.
