Illinois leasing agent practice exam 2025 UPDATE| COMPREHENSIVE
Illinois leasing agent practice exam
QUESTIONS AND VERIFIED ANSWERS (COMPLETE SOLUTIONS)
Study online at https://quizlet.com/_50yz95
1. 1. The lease contract stated that the renters would Breach
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:
2. 2. In dealing with the public, a licensee: 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. 3. Escrow monies: could include security de-
posits as well as earnest
money.
4. 4. An offer may be terminated: if it is rejected; if it is
changed; or if it is revoked
before acceptance.
5. A property management company runs a complex of Steering
several buildings, all belonging to the same owner
and on the same parcel of land. At the owner's re-
quest, the manager has made apartments available
to families with children in just two of the buildings.
This practice is:
6. 6. In a lease an owner may hold a future interest in the Reversion are interest
property known as:
7. 7. Which of the following would be considered a dual A licensee is representing
agency? both landlord and tenant in
the same transaction.
1/7
, Illinois leasing agent practice exam
Study online at https://quizlet.com/_50yz95
8. 8. To be enforced, the Statute of Frauds requires that In writing
all contracts for the sale or lease of real estate be:
9. 9. A young couple with a toddler and an infant want The rental agent should
to lease an apartment in a complex that is occupied have inquired about the
primarily by adults. The rental agent shows the couple couple's preference for
apartments only on the first floor. Which of the follow- apartments.
ing is true?
10. 10. On Tuesday, the agent received an offer and a deposit the money in his
check for security deposit from a renter. The owner ac- escrow account by the close
cepted and signed the lease at 11 am on Wednesday. of business on Thursday.
The agent must:
11. 11. The primary requirement of a contract would be: Offer and acceptance
12. 12. Because of the complexity of laws that affect real the "Blue-Sky" laws.
estate today, a property manager should be familiar
with all of the following EXCEPT:
13. 13. If a complaint goes to the federal courts based on Race
the Civil Rights Act of 1866, the complaint would be
that there was discrimination based on:
14. 14. When a tenant, who has a written lease with the the original lease is unaf-
owner, sublets all or any part of the premises: fected unless it contains
a provision that prohibits
such subletting.
15. 15. Which of the following people may discriminate on No one
the basis of race?
16.
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Illinois leasing agent practice exam
QUESTIONS AND VERIFIED ANSWERS (COMPLETE SOLUTIONS)
Study online at https://quizlet.com/_50yz95
1. 1. The lease contract stated that the renters would Breach
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:
2. 2. In dealing with the public, a licensee: 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. 3. Escrow monies: could include security de-
posits as well as earnest
money.
4. 4. An offer may be terminated: if it is rejected; if it is
changed; or if it is revoked
before acceptance.
5. A property management company runs a complex of Steering
several buildings, all belonging to the same owner
and on the same parcel of land. At the owner's re-
quest, the manager has made apartments available
to families with children in just two of the buildings.
This practice is:
6. 6. In a lease an owner may hold a future interest in the Reversion are interest
property known as:
7. 7. Which of the following would be considered a dual A licensee is representing
agency? both landlord and tenant in
the same transaction.
1/7
, Illinois leasing agent practice exam
Study online at https://quizlet.com/_50yz95
8. 8. To be enforced, the Statute of Frauds requires that In writing
all contracts for the sale or lease of real estate be:
9. 9. A young couple with a toddler and an infant want The rental agent should
to lease an apartment in a complex that is occupied have inquired about the
primarily by adults. The rental agent shows the couple couple's preference for
apartments only on the first floor. Which of the follow- apartments.
ing is true?
10. 10. On Tuesday, the agent received an offer and a deposit the money in his
check for security deposit from a renter. The owner ac- escrow account by the close
cepted and signed the lease at 11 am on Wednesday. of business on Thursday.
The agent must:
11. 11. The primary requirement of a contract would be: Offer and acceptance
12. 12. Because of the complexity of laws that affect real the "Blue-Sky" laws.
estate today, a property manager should be familiar
with all of the following EXCEPT:
13. 13. If a complaint goes to the federal courts based on Race
the Civil Rights Act of 1866, the complaint would be
that there was discrimination based on:
14. 14. When a tenant, who has a written lease with the the original lease is unaf-
owner, sublets all or any part of the premises: fected unless it contains
a provision that prohibits
such subletting.
15. 15. Which of the following people may discriminate on No one
the basis of race?
16.
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