ILLINOIS REAL ESTATE LEASING AGENT EXAM NEWEST 2025
COMPLETE 180 QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+| 2 VERSIONS IN ONE
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:
- (ANSWER)Breach
2. In dealing with the public, a licensee: - (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: - (ANSWER)could include security deposits as well as earnest money.
4. An offer may be terminated: - (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: -
(ANSWER)Steering
6. In a lease an owner may hold a future interest in the property known as: -
(ANSWER)Reversion are interest
7. Which of the following would be considered a dual agency? - (ANSWER)A licensee is
representing both landlord and tenant in the same transaction.
,8. To be enforced, the Statute of Frauds requires that all contracts for the sale or lease of real
estate be: - (ANSWER)In writing
9. A young couple with a toddler and an infant want to lease an apartment in a complex that is
occupied primarily by adults. The rental agent shows the couple apartments only on the first
floor. Which of the following is true? - (ANSWER)The rental agent should have inquired about
the couple's preference for apartments.
10. On Tuesday, the agent received an offer and a check for security deposit from a renter. The
owner accepted and signed the lease at 11 am on Wednesday. The agent must: -
(ANSWER)deposit the money in his escrow account by the close of business on Thursday.
11. The primary requirement of a contract would be: - (ANSWER)Offer and acceptance
12. Because of the complexity of laws that affect real estate today, a property manager should be
familiar with all of the following EXCEPT: - (ANSWER)the "Blue-Sky" laws.
13. If a complaint goes to the federal courts based on the Civil Rights Act of 1866, the complaint
would be that there was discrimination based on: - (ANSWER)Race
14. When a tenant, who has a written lease with the owner, sublets all or any part of the
premises: - (ANSWER)the original lease is unaffected unless it contains a provision that
prohibits such subletting.
15. Which of the following people may discriminate on the basis of race? - (ANSWER)No one
16. It would be a violation of the antitrust laws for a broker to: a) charge one owner 7% while
charging another 6%. - (ANSWER)agree to a minimum commission with other brokers
17. The building leases prohibit tenants from altering the property in any way. One tenant is now
confined to a wheelchair, and cannot maneuver over the doorstep into the apartment by herself.
,Nor can she use the bathroom facilities in her wheelchair. Which of the following is true? -
(ANSWER)The tenant is entitled to make the necessary alterations.
18. Which of the following is illegal? - (ANSWER)Refusing to hire an otherwise qualified
person because a disability will necessitate occasional time off work.
19. The amount of security deposit in a contract for the lease of real property is determined by: -
(ANSWER)Agreement of the parties.
20. Broker Doug has an office in Chicago. A licensee with Broker Doug is the designated agent
of the owner. Another licensee with Broker Doug is the designated agent of the renter. Which of
the following statements is true? - (ANSWER)In Illinois, this situation avoids dual agency for
the broker.
21. A licensed agent selling or leasing his own home without using his broker's services may
discriminate on the basis of: - (ANSWER)Non of the above
22. A woman advertises a 2-bedroom apartment for rent in her 6-unit building in Chicago,
stipulating "Adults Only." She is in violation of: - (ANSWER)the Illinois Human Rights Act.
23. An Illinois resident has signed an agreement to rent a condominium in Florida for the month
of March. This arrangement is legally considered: - (ANSWER)An estate for years
24. Commingling may be charged if the broker: - (ANSWER)deposits escrow money in his
personal account.
25. A licensee acting as an owner's property manager: - (ANSWER)must not profit from private
contracts at the expense of the owner.
26. In Illinois, a real estate license would be required for which of the following situations? -
(ANSWER)A person who plans to lease property for someone else and for compensation
, 27. After the contract for lease has been signed by the landlord and renter, any alterations to it
must be approved and initialed by: - (ANSWER)All parties to the contact.
28. A tenant has an estate for years. According to the written one-year lease, the tenancy will
expire on September 30. For the landlord to obtain possession as of that date, he must give the
tenant: - (ANSWER)No notice
29. The Illinois Law of Agency demands that agents do which of the following for their
principals? - (ANSWER)All of the above
30. An owner has traditionally rented to singles only in his large apartment complex. The owner
has turned away all married couples and an elderly single man. Which of the following
statements is true? - (ANSWER)The owner would be in violation of the Illinois Human Rights
Act.
31. A landlord was very pleased with the listing agent's performance. The landlord offered a
check for $300 as a thank you. What should the agent do in this situation? - (ANSWER)Ask
that the check be rewritten to the brokerage.
32. A real estate licensee's relationship with an owner who has employed the licensee to bring
about the lease of the property is governed by the state license act which includes: -
(ANSWER)The law of agency.
33. An individual rents an apartment and has a one-year lease. The landlord sells the building
during the term of the lease. What effect does the sale have on the lease? - (ANSWER)The sale
does not affect the lease.
34. An agent leases a house and in the process misrepresents to the renter that the rent for the
home included all utilities and does so without the owner's knowledge. Which of the following
would be true according to the Illinois License Act? - (ANSWER)The agent is liable; the owner
is not.
COMPLETE 180 QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+| 2 VERSIONS IN ONE
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:
- (ANSWER)Breach
2. In dealing with the public, a licensee: - (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: - (ANSWER)could include security deposits as well as earnest money.
4. An offer may be terminated: - (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: -
(ANSWER)Steering
6. In a lease an owner may hold a future interest in the property known as: -
(ANSWER)Reversion are interest
7. Which of the following would be considered a dual agency? - (ANSWER)A licensee is
representing both landlord and tenant in the same transaction.
,8. To be enforced, the Statute of Frauds requires that all contracts for the sale or lease of real
estate be: - (ANSWER)In writing
9. A young couple with a toddler and an infant want to lease an apartment in a complex that is
occupied primarily by adults. The rental agent shows the couple apartments only on the first
floor. Which of the following is true? - (ANSWER)The rental agent should have inquired about
the couple's preference for apartments.
10. On Tuesday, the agent received an offer and a check for security deposit from a renter. The
owner accepted and signed the lease at 11 am on Wednesday. The agent must: -
(ANSWER)deposit the money in his escrow account by the close of business on Thursday.
11. The primary requirement of a contract would be: - (ANSWER)Offer and acceptance
12. Because of the complexity of laws that affect real estate today, a property manager should be
familiar with all of the following EXCEPT: - (ANSWER)the "Blue-Sky" laws.
13. If a complaint goes to the federal courts based on the Civil Rights Act of 1866, the complaint
would be that there was discrimination based on: - (ANSWER)Race
14. When a tenant, who has a written lease with the owner, sublets all or any part of the
premises: - (ANSWER)the original lease is unaffected unless it contains a provision that
prohibits such subletting.
15. Which of the following people may discriminate on the basis of race? - (ANSWER)No one
16. It would be a violation of the antitrust laws for a broker to: a) charge one owner 7% while
charging another 6%. - (ANSWER)agree to a minimum commission with other brokers
17. The building leases prohibit tenants from altering the property in any way. One tenant is now
confined to a wheelchair, and cannot maneuver over the doorstep into the apartment by herself.
,Nor can she use the bathroom facilities in her wheelchair. Which of the following is true? -
(ANSWER)The tenant is entitled to make the necessary alterations.
18. Which of the following is illegal? - (ANSWER)Refusing to hire an otherwise qualified
person because a disability will necessitate occasional time off work.
19. The amount of security deposit in a contract for the lease of real property is determined by: -
(ANSWER)Agreement of the parties.
20. Broker Doug has an office in Chicago. A licensee with Broker Doug is the designated agent
of the owner. Another licensee with Broker Doug is the designated agent of the renter. Which of
the following statements is true? - (ANSWER)In Illinois, this situation avoids dual agency for
the broker.
21. A licensed agent selling or leasing his own home without using his broker's services may
discriminate on the basis of: - (ANSWER)Non of the above
22. A woman advertises a 2-bedroom apartment for rent in her 6-unit building in Chicago,
stipulating "Adults Only." She is in violation of: - (ANSWER)the Illinois Human Rights Act.
23. An Illinois resident has signed an agreement to rent a condominium in Florida for the month
of March. This arrangement is legally considered: - (ANSWER)An estate for years
24. Commingling may be charged if the broker: - (ANSWER)deposits escrow money in his
personal account.
25. A licensee acting as an owner's property manager: - (ANSWER)must not profit from private
contracts at the expense of the owner.
26. In Illinois, a real estate license would be required for which of the following situations? -
(ANSWER)A person who plans to lease property for someone else and for compensation
, 27. After the contract for lease has been signed by the landlord and renter, any alterations to it
must be approved and initialed by: - (ANSWER)All parties to the contact.
28. A tenant has an estate for years. According to the written one-year lease, the tenancy will
expire on September 30. For the landlord to obtain possession as of that date, he must give the
tenant: - (ANSWER)No notice
29. The Illinois Law of Agency demands that agents do which of the following for their
principals? - (ANSWER)All of the above
30. An owner has traditionally rented to singles only in his large apartment complex. The owner
has turned away all married couples and an elderly single man. Which of the following
statements is true? - (ANSWER)The owner would be in violation of the Illinois Human Rights
Act.
31. A landlord was very pleased with the listing agent's performance. The landlord offered a
check for $300 as a thank you. What should the agent do in this situation? - (ANSWER)Ask
that the check be rewritten to the brokerage.
32. A real estate licensee's relationship with an owner who has employed the licensee to bring
about the lease of the property is governed by the state license act which includes: -
(ANSWER)The law of agency.
33. An individual rents an apartment and has a one-year lease. The landlord sells the building
during the term of the lease. What effect does the sale have on the lease? - (ANSWER)The sale
does not affect the lease.
34. An agent leases a house and in the process misrepresents to the renter that the rent for the
home included all utilities and does so without the owner's knowledge. Which of the following
would be true according to the Illinois License Act? - (ANSWER)The agent is liable; the owner
is not.
