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SECTION 1: LICENSING REQUIREMENTS & REGULATIONS
Question 1
Which Illinois agency is responsible for issuing and regulating residential leasing agent licenses?
A) Illinois Department of Commerce and Economic Opportunity
B) Illinois Department of Financial and Professional Regulation (IDFPR)
C) Illinois Department of Real Estate Services
D) Illinois Securities Department
Answer: B
The IDFPR oversees all real-estate related licensure, including leasing agents, under the Real Estate License Act
of 2000. The Department of Commerce and Economic Opportunity handles business development, not
professional licensing.
Question 2
What is the minimum age requirement to obtain a residential leasing agent license in Illinois?
A) 16 years old
B) 18 years old
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,C) 21 years old
D) 25 years old
Answer: B
Illinois law requires applicants to be at least 18 years old to qualify for any real estate license, including leasing
agents. This is a statutory requirement under the Real Estate License Act of 2000.
Question 3
How many hours of pre-licensing education are required for an Illinois residential leasing agent?
A) 10 hours
B) 15 hours
C) 20 hours
D) 30 hours
Answer: B
The Real Estate License Act mandates a 15-hour pre-licensing course for leasing agents. This course covers
leasing laws, fair housing, advertising, contracts, and owner-tenant relationships.
Question 4
An Illinois residential leasing agent's license expires on July 31st of which years?
A) Every year
B) Odd-numbered years
C) Even-numbered years
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,D) Every five years
Answer: C
Under the Real Estate License Act of 2000, Illinois residential leasing agent licenses expire biennially on July 31st
of even-numbered years. This biennial renewal cycle is standard for real estate licenses in Illinois.
Question 5
How many hours of continuing education must an Illinois residential leasing agent complete during each
renewal period?
A) 6 hours
B) 8 hours
C) 12 hours
D) 15 hours
Answer: B
Illinois administrative code dictates that leasing agents must complete 8 hours of continuing education during
each 24-month renewal period. The curriculum includes fair housing, advertising, leases, and Department
requirements.
Question 6
A student has completed the 15-hour pre-license course. How long is this education valid for licensing purposes?
A) 6 months
B) 1 year
C) 2 years
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, D) 3 years
Answer: C
Approved pre-license education for licensure as a residential leasing agent shall be valid for 2 years after the
date of satisfactory completion of all required pre-license education. If the applicant does not pass the exam
within this period, the course must be retaken.
Question 7
Who must sponsor a residential leasing agent licensee?
A) Any licensed real estate professional
B) The Department of Financial and Professional Regulation
C) A sponsoring broker
D) Any property owner
Answer: C
Licensed residential leasing agents must be sponsored and employed by a sponsoring broker. The sponsoring
broker must certify to the Division that the applicant is employed by or associated with that sponsoring broker.
Question 8
What is the timeframe for a sponsoring broker to submit the 45-day sponsor card to the IDFPR?
A) 24 hours of employment
B) 48 hours of employment
C) 7 days of employment
D) 30 days of employment
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