ILLINOIS REAL ESTATE EXAM 260 QUESTIONS &
CORRECT ANSWERS LATEST 2025
In Illinois, the real estate license law is administered by the...? - ANSWER-IDFPR
(Bureau of Real Estate Professions)
How are the nine members of the Real Estate Administration and Disciplinary
Board Selected? - ANSWER-By the governor
What is the name given to the Illinois license laws under which brokers and
salespeople practice? - ANSWER-Real Estate License Act of 2000
After May 1, 2011, the new license categories are: - ANSWER-Managing Broker
and Broker
After April 30, 2012, as an alternative to passing the proficiency exam given by
AMP, what are the requirements for converting a salesperson's license to a broker
license? - ANSWER-30 hours of post-licensure education, as defined by
administrative rule.
In Illinois, sponsor cards are good for: - ANSWER-45 days
What are the requirements for a newly licensed broker effective May 1, 2011? -
ANSWER-90 hours of pre-license coursework including 15 hours of situational
offerings
,After May 1, 2011, what must a broker do to convert a managing broker license? -
ANSWER-Complete 45 hours of post-license education
When do real estate brokers' licenses expire in Illinois? - ANSWER-April 30 of
every odd-numbered year
To renew a license in Illinois, brokers must..? - ANSWER-Have completed 12 hours
of continuing education in the last two years and pay the current fee.
Licensees who allow their licenses to expire have how long to reinstate their
licenses? - ANSWER-Up to two years; then licensees must start over
What procedures must be followed to obtain a license that has been expired for
more than two years? - ANSWER-Meet the requirements for a new license,
including all pre-license education and passing the exam
Three weeks before N begins his real estate pre-license class, he offers to help his
neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer
is accepted while N is taking the class and closes the day after N passes the exam
and receives his salesperson license. The neighbor refuses to pay N the agreed
commission. Can N sue to recover payment? - ANSWER-No. State law prohibits
lawsuits filed to collect commissions unless filed by a licensed broker - one with a
license in effect before the agreement was reached.
Which of the following conditions is NOT required to grant a nonresident broker's
license in Illinois? - ANSWER-The broker has been active in the real estate
business in her own state for one year prior to application.
,The resident property manager for Acme Apartments is responsible for
negotiating leases for the apartment. In this position, the resident manager: -
ANSWER-Is exempt from the licensing requirements.
After failing the Illinois licensing exam three times, what does a candidate have to
do to get three more tries? - ANSWER-Complete the entire education
requirement again.
When terminating a sponsorship, the sponsoring broker must return the signed
license to the DPR within - ANSWER-Two business days by signature restricted
mail delivery.
A leasing agent license requires how many hours of classroom time? - ANSWER-15
hours
In order to practice real estate, Illinois requires new licensees to have which of
the following in their possession? - ANSWER-A 45-day sponsor card, then a pocket
card later
An agent is terminated by his broker for failure to pay the office bill. While the
agent is looking for a new office, he is considered to have what kind of license? -
ANSWER-Inoperative
Performing which of the following activities requires a real estate license? -
ANSWER-Negotiating Lease Terms
J was really good at locating temporary housing for friends. They have
encouraged her to start a small home business assisting people who are looking
to rent. What is the first thing she should do? - ANSWER-Get a real estate license
, Proof of continuing education is required every - ANSWER-Two years
Of the following, who is required to hold an Illinois real estate license? - ANSWER-
A person who represents clients in the negotiation of a real estate contract for a
flat fee.
All compensation earned by a licensee must be paid: - ANSWER-Through the
licensee's sponsoring broker
Who would be eligible after completing education for an appraiser's license? -
ANSWER-A mom who will work part-time (no corporation, only people)
What is usually considered proof in Illinois courts that the broker has earned a
commission? - ANSWER-The closing of a sale
A seller needs to sell quickly because he is getting transferred. Hoping to create
excitement, he agrees to a 7% commission. The listing broker's offer to the
cooperating broker must be: - ANSWER-Disclosed to the seller in writing what the
compensation will be.
The office assistant for a local real estate firm is responsible for the following
activities: tracking the flow of paperwork through the office, preparing forms and
advertising copy, and hiring and supervising clerical personnel. The office
assistant is: - ANSWER-Exempt from real estate licensing requirements.
In Illinois, a personal assistant must be licensed to - ANSWER-Explain simple
contract documents to prospective buyers.
CORRECT ANSWERS LATEST 2025
In Illinois, the real estate license law is administered by the...? - ANSWER-IDFPR
(Bureau of Real Estate Professions)
How are the nine members of the Real Estate Administration and Disciplinary
Board Selected? - ANSWER-By the governor
What is the name given to the Illinois license laws under which brokers and
salespeople practice? - ANSWER-Real Estate License Act of 2000
After May 1, 2011, the new license categories are: - ANSWER-Managing Broker
and Broker
After April 30, 2012, as an alternative to passing the proficiency exam given by
AMP, what are the requirements for converting a salesperson's license to a broker
license? - ANSWER-30 hours of post-licensure education, as defined by
administrative rule.
In Illinois, sponsor cards are good for: - ANSWER-45 days
What are the requirements for a newly licensed broker effective May 1, 2011? -
ANSWER-90 hours of pre-license coursework including 15 hours of situational
offerings
,After May 1, 2011, what must a broker do to convert a managing broker license? -
ANSWER-Complete 45 hours of post-license education
When do real estate brokers' licenses expire in Illinois? - ANSWER-April 30 of
every odd-numbered year
To renew a license in Illinois, brokers must..? - ANSWER-Have completed 12 hours
of continuing education in the last two years and pay the current fee.
Licensees who allow their licenses to expire have how long to reinstate their
licenses? - ANSWER-Up to two years; then licensees must start over
What procedures must be followed to obtain a license that has been expired for
more than two years? - ANSWER-Meet the requirements for a new license,
including all pre-license education and passing the exam
Three weeks before N begins his real estate pre-license class, he offers to help his
neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer
is accepted while N is taking the class and closes the day after N passes the exam
and receives his salesperson license. The neighbor refuses to pay N the agreed
commission. Can N sue to recover payment? - ANSWER-No. State law prohibits
lawsuits filed to collect commissions unless filed by a licensed broker - one with a
license in effect before the agreement was reached.
Which of the following conditions is NOT required to grant a nonresident broker's
license in Illinois? - ANSWER-The broker has been active in the real estate
business in her own state for one year prior to application.
,The resident property manager for Acme Apartments is responsible for
negotiating leases for the apartment. In this position, the resident manager: -
ANSWER-Is exempt from the licensing requirements.
After failing the Illinois licensing exam three times, what does a candidate have to
do to get three more tries? - ANSWER-Complete the entire education
requirement again.
When terminating a sponsorship, the sponsoring broker must return the signed
license to the DPR within - ANSWER-Two business days by signature restricted
mail delivery.
A leasing agent license requires how many hours of classroom time? - ANSWER-15
hours
In order to practice real estate, Illinois requires new licensees to have which of
the following in their possession? - ANSWER-A 45-day sponsor card, then a pocket
card later
An agent is terminated by his broker for failure to pay the office bill. While the
agent is looking for a new office, he is considered to have what kind of license? -
ANSWER-Inoperative
Performing which of the following activities requires a real estate license? -
ANSWER-Negotiating Lease Terms
J was really good at locating temporary housing for friends. They have
encouraged her to start a small home business assisting people who are looking
to rent. What is the first thing she should do? - ANSWER-Get a real estate license
, Proof of continuing education is required every - ANSWER-Two years
Of the following, who is required to hold an Illinois real estate license? - ANSWER-
A person who represents clients in the negotiation of a real estate contract for a
flat fee.
All compensation earned by a licensee must be paid: - ANSWER-Through the
licensee's sponsoring broker
Who would be eligible after completing education for an appraiser's license? -
ANSWER-A mom who will work part-time (no corporation, only people)
What is usually considered proof in Illinois courts that the broker has earned a
commission? - ANSWER-The closing of a sale
A seller needs to sell quickly because he is getting transferred. Hoping to create
excitement, he agrees to a 7% commission. The listing broker's offer to the
cooperating broker must be: - ANSWER-Disclosed to the seller in writing what the
compensation will be.
The office assistant for a local real estate firm is responsible for the following
activities: tracking the flow of paperwork through the office, preparing forms and
advertising copy, and hiring and supervising clerical personnel. The office
assistant is: - ANSWER-Exempt from real estate licensing requirements.
In Illinois, a personal assistant must be licensed to - ANSWER-Explain simple
contract documents to prospective buyers.
