Illinois Residential Leasing Agent License Exam 2026/2027
Qns & Ans |100% Guaranteed A+
Exam Coverage
➢ Exam coverage for the Illinois Residential Leasing Agent License Exam includes the laws,
regulations, and professional practices required for leasing residential real estate in
Illinois. It focuses on real estate licensing requirements, agency relationships, leasing
procedures, property marketing, tenant screening, lease agreements, fair housing laws,
and landlord-tenant rights and responsibilities. The exam also evaluates understanding
of ethical standards, contract fundamentals, property management principles,
disclosure requirements, trust fund handling, risk management, consumer protection
regulations, and compliance with Illinois real estate statutes and administrative rules
governing residential leasing activities.
Sponsoring brokers must submit the 45 day sponsor card to IDFPR within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
d) 48 hours of employment - CORRECT✅✅- B) 24 hours of employment
Leasing Agent licensees must complete how many hours of continuing education during the 24 month
period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
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,d) 8 hours of continuing education - CORRECT✅✅- D) 8 hours of continuing education
The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee violations
b) A fund at IDFPR to reimburse persons who suffer loss due to licensee's actions
c) A fund that every sponsoring broker is required to keep in case of violations
d) A fund at the local Realtor Association to discipline licensees - CORRECT✅✅- B) A fund at IDFPR to
reimburse persons who suffer a loss due to a licensee's actions
The general requirements for a Residential Leasing Agent to obtain a license include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
C) Applicant must have a sponsoring broker or broker firm
D) All of the above - CORRECT✅✅- D) All of the above
Which of the following is TRUE as it relates to the licensing of Residential Leasing Agents?
A) Leasing agents may engage in either sales or rental of all property types
B) Leasing agents may engage in only the sale of residential property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker or broker firm - CORRECT✅✅- D) All licensed
leasing agents must be sponsored by a broker or broker firm
The Residential Leasing Agent license allows the licensee to engage in:
A) Only residential leasing activities for which a license is required by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing - CORRECT✅✅- A) Only residential activities for which a
license if required by IDFPR
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,The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years - CORRECT✅✅- A) Even numbered years
Disciplinary actions for leasing agents:
A) Shall be less than that which is levied on other licensees
B) Shall conform with disciplinary actions for all licensees
C) Are established by the broker
D) Are established by Illinois Realtors - CORRECT✅✅- B) Shall conform with disciplinary actions for all
licensees
An applicant shall not practice as a Student Leasing Agent:
A) More than once in a 24-month period
B) More than once a year
C) More than once
D) More than once in a 36-month period - CORRECT✅✅- C) More than once
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 an 180 days student permit - CORRECT✅✅- C) It is a temporary 45-day permit issued by the
sponsoring broker
The Real Estate Recovery Fund is maintained by IDFPR. Who is eligible to collect damages from this
account?
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, A) Leasing agents who have been discriminated against by their broker
B) Brokers who feel their offices have been treated unfairly by IDFPR
C) Any person who filed a complaint with IDFPR
D) Any person who suffered a loss based on a licensee's conduct, as determined by IDFPR -
CORRECT✅✅- D) Any person who suffered a loss based on a licensee's conduct, as determined by
IDFPR
How many times may a person take the state leasing exam before they have to repeat the course
again?
A) 2 times
B) 3 times
C) 4 times
D) No limit - CORRECT✅✅- C) 4 times
The department of Financial and Professional Regulation requires escrow records to be maintained by
the sponsoring broker for:
A) 2 years
B) 3 years
C) 4 years
D) 5 years - CORRECT✅✅- D) 5 years
When must escrow money be deposited by the sponsoring broker?
A) No later than 24 hours after receipt
B) No later than the next week following the transaction
C) No later than the next business day following the transaction
D) No time limit at all - CORRECT✅✅- C) No later than the next business day following the transaction
Where is the original license for a leasing agent kept?
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Qns & Ans |100% Guaranteed A+
Exam Coverage
➢ Exam coverage for the Illinois Residential Leasing Agent License Exam includes the laws,
regulations, and professional practices required for leasing residential real estate in
Illinois. It focuses on real estate licensing requirements, agency relationships, leasing
procedures, property marketing, tenant screening, lease agreements, fair housing laws,
and landlord-tenant rights and responsibilities. The exam also evaluates understanding
of ethical standards, contract fundamentals, property management principles,
disclosure requirements, trust fund handling, risk management, consumer protection
regulations, and compliance with Illinois real estate statutes and administrative rules
governing residential leasing activities.
Sponsoring brokers must submit the 45 day sponsor card to IDFPR within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
d) 48 hours of employment - CORRECT✅✅- B) 24 hours of employment
Leasing Agent licensees must complete how many hours of continuing education during the 24 month
period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
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,d) 8 hours of continuing education - CORRECT✅✅- D) 8 hours of continuing education
The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee violations
b) A fund at IDFPR to reimburse persons who suffer loss due to licensee's actions
c) A fund that every sponsoring broker is required to keep in case of violations
d) A fund at the local Realtor Association to discipline licensees - CORRECT✅✅- B) A fund at IDFPR to
reimburse persons who suffer a loss due to a licensee's actions
The general requirements for a Residential Leasing Agent to obtain a license include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
C) Applicant must have a sponsoring broker or broker firm
D) All of the above - CORRECT✅✅- D) All of the above
Which of the following is TRUE as it relates to the licensing of Residential Leasing Agents?
A) Leasing agents may engage in either sales or rental of all property types
B) Leasing agents may engage in only the sale of residential property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker or broker firm - CORRECT✅✅- D) All licensed
leasing agents must be sponsored by a broker or broker firm
The Residential Leasing Agent license allows the licensee to engage in:
A) Only residential leasing activities for which a license is required by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing - CORRECT✅✅- A) Only residential activities for which a
license if required by IDFPR
2|Page
,The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years - CORRECT✅✅- A) Even numbered years
Disciplinary actions for leasing agents:
A) Shall be less than that which is levied on other licensees
B) Shall conform with disciplinary actions for all licensees
C) Are established by the broker
D) Are established by Illinois Realtors - CORRECT✅✅- B) Shall conform with disciplinary actions for all
licensees
An applicant shall not practice as a Student Leasing Agent:
A) More than once in a 24-month period
B) More than once a year
C) More than once
D) More than once in a 36-month period - CORRECT✅✅- C) More than once
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 an 180 days student permit - CORRECT✅✅- C) It is a temporary 45-day permit issued by the
sponsoring broker
The Real Estate Recovery Fund is maintained by IDFPR. Who is eligible to collect damages from this
account?
3|Page
, A) Leasing agents who have been discriminated against by their broker
B) Brokers who feel their offices have been treated unfairly by IDFPR
C) Any person who filed a complaint with IDFPR
D) Any person who suffered a loss based on a licensee's conduct, as determined by IDFPR -
CORRECT✅✅- D) Any person who suffered a loss based on a licensee's conduct, as determined by
IDFPR
How many times may a person take the state leasing exam before they have to repeat the course
again?
A) 2 times
B) 3 times
C) 4 times
D) No limit - CORRECT✅✅- C) 4 times
The department of Financial and Professional Regulation requires escrow records to be maintained by
the sponsoring broker for:
A) 2 years
B) 3 years
C) 4 years
D) 5 years - CORRECT✅✅- D) 5 years
When must escrow money be deposited by the sponsoring broker?
A) No later than 24 hours after receipt
B) No later than the next week following the transaction
C) No later than the next business day following the transaction
D) No time limit at all - CORRECT✅✅- C) No later than the next business day following the transaction
Where is the original license for a leasing agent kept?
4|Page
