Illinois Leasing agent exam prep questions
with correct answers
the /leasing /agent /license /shall /expire /on /July /31st /of: /- /correct /answer(s) /✔✔ /even /numbered
/years
sponsoring /brokers /must /submit /the /45 /day /sponsor /card /to /IDFPR /within: /- /correct /answer(s)
✔✔ /24 /hours /of /employment
/
leasing /agent /licensees /must /complete /how /many /hours /of /containing /education /during /the
24 /month /period /prior /renewal: /- /correct /answer(s) /✔✔ /8 /hours /of /continuing /education
/
The /real /estate /recovery /fund /is: /- /correct /answer(s) /✔✔ /a /fund /at /IDFPR /to /reimburse
/persons /who /suffer /loss /due /to /a /licensees /actions.
The /general /requirements /for /a /residential /leasing /agent /to /obtain /a /license /include: /- /correct
/answer(s) /✔✔ /applicant /must /be /18 /years /of /age, /must /have /a /highschool /diploma /or /GED,
/must /have /a /sponsoring /broker /or /firm.
True /or /False; /All /licensed /agents /must /be /sponsored /by /a /sponsored /broker /or /firm? /- /correct
answer(s) /✔✔ /true
/
True /or /False; /Leasing /agents /must /be /21 /years /of /age /and /only /engage /in /the /sale /of
residential /property? /- /correct /answer(s) /✔✔ /false
/
Disciplinary /actions /for /leasing /agents: /- /correct /answer(s) /✔✔ /Shall /conform /with
/disciplainary /actions /for /licensed /real /estate /brokers
,An /applicant /shall /not /practice /as /a /student /leasing /agent /_____________. /- /correct /answer(s)
✔✔ /more /than /once /in /a /24 /month /period.
/
Which /of /the /following /is /true /about /sponsor /cards?
a-sponsor /cards /are /only /issued /for /residential /leasing /agents
b-all /sponsor /cards /are /issued /by /IDFPR
c- /It /is /a /temporary /45 /day /permit /issued /by /the /sponsoring /broker
d-it /is /a /180day /student /permit /- /correct /answer(s) /✔✔ /c
The /real /estate /recovery /fund /is /maintained /by /IDFPR, /who /is /eligible /to /collect /damages
/from /this /account? /- /correct /answer(s) /✔✔ /Any /person /who /suffered /a /loss /based /on /a
/licensees /conduct.
How /many /times /can /a /person /take /the /state /licensing /exam /before /they /have /to /repeat /the
course /again? /- /correct /answer(s) /✔✔ /4 /times
/
the /IDFPR /requires /escrow /records /to /be /maintained /by /the /sponsoring /broker: /- /correct
answer(s) /✔✔ /5 /years
/
When /must /escrow /money /be /deposited /by /the /sponsoring /broker? /- /correct /answer(s) /✔✔
/No /later /than /the /next /business /day /following /the /transaction.
Where /is /the /original /license /for /a /leasing /agent /kept? /- /correct /answer(s) /✔✔ /In /the
/sponsoring /brokers /principal /office
, Mary /is /sponsoring /broker, /she /was /found /guilty /of /a /license /act /violation. /Her /license /was
/suspended. /What /is /the /status /of /the /licenses /that /were /sponsored /by /Mary? /- /correct
answer(s) /✔✔ /All /sponsored /licensees /immediately /go /into /inactive /status.
/
Which /of /the /following /is /not /a /blind /ad? /- /correct /answer(s) /✔✔ /An /advertisement /for /rental
/property /with /the /brokerage /company /name /and /phone /number /listed /on /the /ad.
A /licensee /seeking /an /apartment /encountered /discrimination /based /on /his /age. /Which /one /of
/the /following /statements /is /correct /regarding /the /real /estate /recovery /fund?
a- /the /licensee /may /not /file /a /complaint /with /IDFPR /because /of /the /real /estate /recovery /fund
/is /for /members /of /the /general /public /and /not /licensees.
b- /the /licensee /may /not /file /a /complaint /because /there /is /no /witness /to /the /discrimination
/when /the /licensee /claims /that /discrimination /took /place
c-the /licensee /may /file /a /complaint /and /a /hearing /will /be /conducted /by /IDFPR /to /determine /if
/any /discrimination /took /place
d- /the /licensee /may /file /a /complaint /with /IDFPR /because /the /discrimination /took /place /five
/years /ago /and /the /case /was /opened /within /the /required /time /period. /- /correct /answer(s) /✔✔
/c
A /licensee /owns /1% /of /a /residential /property /that /is /being /advertised /for /rent. /What /is /the
/maximum /amount /of /ownership /that /a /license /you /can /have /any /property /before /disclosure
/is /required? /- /correct /answer(s) /✔✔ /There /is /no /minimum /or /maximum /percentage /of
/ownership /that /is /required.
A /student /leasing /agent /was /hired /on /January /15. /The /sponsoring /broker /did /not /complete
/the /120 /day /student /permit /until /January /30. /When /does /the /120 /day /period /begin? /- /correct
/answer(s) /✔✔ /The /permit /begins /the /day /of /the /sponsoring /broker /completes /the /120 /day
/permit /online /and /IDFPR.
with correct answers
the /leasing /agent /license /shall /expire /on /July /31st /of: /- /correct /answer(s) /✔✔ /even /numbered
/years
sponsoring /brokers /must /submit /the /45 /day /sponsor /card /to /IDFPR /within: /- /correct /answer(s)
✔✔ /24 /hours /of /employment
/
leasing /agent /licensees /must /complete /how /many /hours /of /containing /education /during /the
24 /month /period /prior /renewal: /- /correct /answer(s) /✔✔ /8 /hours /of /continuing /education
/
The /real /estate /recovery /fund /is: /- /correct /answer(s) /✔✔ /a /fund /at /IDFPR /to /reimburse
/persons /who /suffer /loss /due /to /a /licensees /actions.
The /general /requirements /for /a /residential /leasing /agent /to /obtain /a /license /include: /- /correct
/answer(s) /✔✔ /applicant /must /be /18 /years /of /age, /must /have /a /highschool /diploma /or /GED,
/must /have /a /sponsoring /broker /or /firm.
True /or /False; /All /licensed /agents /must /be /sponsored /by /a /sponsored /broker /or /firm? /- /correct
answer(s) /✔✔ /true
/
True /or /False; /Leasing /agents /must /be /21 /years /of /age /and /only /engage /in /the /sale /of
residential /property? /- /correct /answer(s) /✔✔ /false
/
Disciplinary /actions /for /leasing /agents: /- /correct /answer(s) /✔✔ /Shall /conform /with
/disciplainary /actions /for /licensed /real /estate /brokers
,An /applicant /shall /not /practice /as /a /student /leasing /agent /_____________. /- /correct /answer(s)
✔✔ /more /than /once /in /a /24 /month /period.
/
Which /of /the /following /is /true /about /sponsor /cards?
a-sponsor /cards /are /only /issued /for /residential /leasing /agents
b-all /sponsor /cards /are /issued /by /IDFPR
c- /It /is /a /temporary /45 /day /permit /issued /by /the /sponsoring /broker
d-it /is /a /180day /student /permit /- /correct /answer(s) /✔✔ /c
The /real /estate /recovery /fund /is /maintained /by /IDFPR, /who /is /eligible /to /collect /damages
/from /this /account? /- /correct /answer(s) /✔✔ /Any /person /who /suffered /a /loss /based /on /a
/licensees /conduct.
How /many /times /can /a /person /take /the /state /licensing /exam /before /they /have /to /repeat /the
course /again? /- /correct /answer(s) /✔✔ /4 /times
/
the /IDFPR /requires /escrow /records /to /be /maintained /by /the /sponsoring /broker: /- /correct
answer(s) /✔✔ /5 /years
/
When /must /escrow /money /be /deposited /by /the /sponsoring /broker? /- /correct /answer(s) /✔✔
/No /later /than /the /next /business /day /following /the /transaction.
Where /is /the /original /license /for /a /leasing /agent /kept? /- /correct /answer(s) /✔✔ /In /the
/sponsoring /brokers /principal /office
, Mary /is /sponsoring /broker, /she /was /found /guilty /of /a /license /act /violation. /Her /license /was
/suspended. /What /is /the /status /of /the /licenses /that /were /sponsored /by /Mary? /- /correct
answer(s) /✔✔ /All /sponsored /licensees /immediately /go /into /inactive /status.
/
Which /of /the /following /is /not /a /blind /ad? /- /correct /answer(s) /✔✔ /An /advertisement /for /rental
/property /with /the /brokerage /company /name /and /phone /number /listed /on /the /ad.
A /licensee /seeking /an /apartment /encountered /discrimination /based /on /his /age. /Which /one /of
/the /following /statements /is /correct /regarding /the /real /estate /recovery /fund?
a- /the /licensee /may /not /file /a /complaint /with /IDFPR /because /of /the /real /estate /recovery /fund
/is /for /members /of /the /general /public /and /not /licensees.
b- /the /licensee /may /not /file /a /complaint /because /there /is /no /witness /to /the /discrimination
/when /the /licensee /claims /that /discrimination /took /place
c-the /licensee /may /file /a /complaint /and /a /hearing /will /be /conducted /by /IDFPR /to /determine /if
/any /discrimination /took /place
d- /the /licensee /may /file /a /complaint /with /IDFPR /because /the /discrimination /took /place /five
/years /ago /and /the /case /was /opened /within /the /required /time /period. /- /correct /answer(s) /✔✔
/c
A /licensee /owns /1% /of /a /residential /property /that /is /being /advertised /for /rent. /What /is /the
/maximum /amount /of /ownership /that /a /license /you /can /have /any /property /before /disclosure
/is /required? /- /correct /answer(s) /✔✔ /There /is /no /minimum /or /maximum /percentage /of
/ownership /that /is /required.
A /student /leasing /agent /was /hired /on /January /15. /The /sponsoring /broker /did /not /complete
/the /120 /day /student /permit /until /January /30. /When /does /the /120 /day /period /begin? /- /correct
/answer(s) /✔✔ /The /permit /begins /the /day /of /the /sponsoring /broker /completes /the /120 /day
/permit /online /and /IDFPR.
