Illinois Leasing Agent Practice Actual
Exam Latest 2025 Illinois Leasing
Agent License Exam Prep Latest
2025 Questions and Correct Answers
Rated A+
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.
Exam Latest 2025 Illinois Leasing
Agent License Exam Prep Latest
2025 Questions and Correct Answers
Rated A+
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.
