ILLINOIS LEASING AGENT EXAM 2
LATEST VERSIONS (VERSION A AND B)
AND PRACTICE QUESTIONS COMPLETE
300 QUESTIONS AND CORRECT ANSWERS
(VERIFIED
... [Show More] ANSWERS) |ALREADY
GRADED A+
ILLINOIS LEASING AGENT VERSION A
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. - ....ANSWER....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? - ....ANSWER....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? - ....ANSWER....The permit begins the day of
the sponsoring broker completes the 120 day permit
online and IDFPR.
A sponsor card can be issued by a sponsoring broker to
a student after they pass the state exam. Which license
category does the sponsor card apply to? -
....ANSWER....Leasing agents, brokers, and managing
brokers.
Which of the following is not a violation of the license
act?
a-failure to maintain good record keeping.
b-residential leasing agent decides to not renew their
lease
c-call mingling money/property of business or personal
funds.
d-failure to comply with requests from IDFPR within
30 days. - ....ANSWER....b
A managing broker must notify IDFPR in all of the
following circumstances except;
a-a branch office was closed
b-a new branch office was opened
c-a new leasing agents 45 day permit is due to expire
d-corporate office for the company has relocated -
....ANSWER....c
A listing agent was given a $100 check from another
licensee to compensate them for the lease agreement
that they worked on together. Which of the following
statements is correct?
a-it is acceptable because the amount is less than $500
b-it is acceptable because the amount is less than $250
c-it is unacceptable because the broker needs to know
about this
d-it is unacceptable because it is against the license act
to receive payment directly from another licensee -
....ANSWER....d
Sponsoring broker is required to have a written
employment agreement with; - ....ANSWER....Licensed
residential leasing agents, brokers, and managing
brokers.
Which of the following is permitted under the federal
fair housing act?
a-advertise property for rent only to a special group
b-increase the rent because an applicant is a minority
c-refuse to rent to an individual with poor credit history
d-foreman applicant that the unit is rented when in fact
it is not - ....ANSWER....c
A blind ad refers to: - ....ANSWER....Using only a
street address or telephone number
A leasing agents original, active license should be kept
in what location? - ....ANSWER....The sponsoring
broker's office.
A person was found guilty of unlicensed practice by
IDFPR. The person has been fined $25,000 for
unlicensed practice. How long does the licensee have to
pay that amount? - ....ANSWER....60 days
A leasing agent is changing employment and has
provided notice to the current sponsoring broker. When
the current broker returns to the license to the licensee,
what is the status of that license? -
....ANSWER....inoperative
Discriminatory advertising shows: - ....ANSWER....A
preference for families only, Ads featuring pictures of
only one race, a preference based on race, color,
religion, sex, national origin, disability or familial
status. [Show Less]