ILLINOIS REAL ESTATE COMPREHENSIVE
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CORRECT ANSWERS AND STUDY GUIDE
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Updated 2026 Questions and Answers
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,After April 30, 2012, as an alternative to passing the 30 hours of post-licensure education, as defined by administrative rule.
proficiency exam given by AMP, what are the requirements for
converting a salesperson's license to a broker license?
In Illinois, sponsor cards are good for: 45 days
What are the requirements for a newly licensed broker 90 hours of pre-license coursework including 15 hours of situational offerings
effective May 1, 2011?
After May 1, 2011, what must a broker do to convert a Complete 45 hours of post-license education
managing broker license?
When do real estate brokers' licenses expire in Illinois? April 30 of every odd-numbered year
To renew a license in Illinois, brokers must..? Have completed 12 hours of continuing education in the last two years and pay the
current fee.
Licensees who allow their licenses to expire have how long to Up to two years; then licensees must start over
reinstate their licenses?
What procedures must be followed to obtain a license that Meet the requirements for a new license, including all pre-license education and passing
has been expired for more than two years? the exam
Three weeks before N begins his real estate pre-license class, No. State law prohibits lawsuits filed to collect commissions unless filed by a licensed
he offers to help his neighbor sell her house. The neighbor broker - one with a license in effect before the agreement was reached.
agrees to pay N a 5% commission. An offer is accepted while
N is taking the class and closes the day after N passes the
exam and receives his salesperson license. The neighbor
refuses to pay N the agreed commission. Can N sue to
recover payment?
Which of the following conditions is NOT required to grant a The broker has been active in the real estate business in her own state for one year prior
nonresident broker's license in Illinois? to application.
The resident property manager for Acme Apartments is Is exempt from the licensing requirements.
responsible for negotiating leases for the apartment. In this
position, the resident manager:
, After failing the Illinois licensing exam three times, what does Complete the entire education requirement again.
a candidate have to do to get three more tries?
When terminating a sponsorship, the sponsoring broker must Two business days by signature restricted mail delivery.
return the signed license to the DPR within
A leasing agent license requires how many hours of classroom 15 hours
time?
In order to practice real estate, Illinois requires new licensees A 45-day sponsor card, then a pocket card later
to have which of the following in their possession?
An agent is terminated by his broker for failure to pay the Inoperative
office bill. While the agent is looking for a new office, he is
considered to have what kind of license?
Performing which of the following activities requires a real Negotiating Lease Terms
estate license?
J was really good at locating temporary housing for friends. Get a real estate license
They have encouraged her to start a small home business
assisting people who are looking to rent. What is the first thing
she should do?
Proof of continuing education is required every Two years
Of the following, who is required to hold an Illinois real estate A person who represents clients in the negotiation of a real estate contract for a flat fee.
license?
All compensation earned by a licensee must be paid: Through the licensee's sponsoring broker
Who would be eligible after completing education for an A mom who will work part-time (no corporation, only people)
appraiser's license?
What is usually considered proof in Illinois courts that the The closing of a sale
broker has earned a commission?
EXAM PREP | PRACTICE QUESTIONS,
CORRECT ANSWERS AND STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,After April 30, 2012, as an alternative to passing the 30 hours of post-licensure education, as defined by administrative rule.
proficiency exam given by AMP, what are the requirements for
converting a salesperson's license to a broker license?
In Illinois, sponsor cards are good for: 45 days
What are the requirements for a newly licensed broker 90 hours of pre-license coursework including 15 hours of situational offerings
effective May 1, 2011?
After May 1, 2011, what must a broker do to convert a Complete 45 hours of post-license education
managing broker license?
When do real estate brokers' licenses expire in Illinois? April 30 of every odd-numbered year
To renew a license in Illinois, brokers must..? Have completed 12 hours of continuing education in the last two years and pay the
current fee.
Licensees who allow their licenses to expire have how long to Up to two years; then licensees must start over
reinstate their licenses?
What procedures must be followed to obtain a license that Meet the requirements for a new license, including all pre-license education and passing
has been expired for more than two years? the exam
Three weeks before N begins his real estate pre-license class, No. State law prohibits lawsuits filed to collect commissions unless filed by a licensed
he offers to help his neighbor sell her house. The neighbor broker - one with a license in effect before the agreement was reached.
agrees to pay N a 5% commission. An offer is accepted while
N is taking the class and closes the day after N passes the
exam and receives his salesperson license. The neighbor
refuses to pay N the agreed commission. Can N sue to
recover payment?
Which of the following conditions is NOT required to grant a The broker has been active in the real estate business in her own state for one year prior
nonresident broker's license in Illinois? to application.
The resident property manager for Acme Apartments is Is exempt from the licensing requirements.
responsible for negotiating leases for the apartment. In this
position, the resident manager:
, After failing the Illinois licensing exam three times, what does Complete the entire education requirement again.
a candidate have to do to get three more tries?
When terminating a sponsorship, the sponsoring broker must Two business days by signature restricted mail delivery.
return the signed license to the DPR within
A leasing agent license requires how many hours of classroom 15 hours
time?
In order to practice real estate, Illinois requires new licensees A 45-day sponsor card, then a pocket card later
to have which of the following in their possession?
An agent is terminated by his broker for failure to pay the Inoperative
office bill. While the agent is looking for a new office, he is
considered to have what kind of license?
Performing which of the following activities requires a real Negotiating Lease Terms
estate license?
J was really good at locating temporary housing for friends. Get a real estate license
They have encouraged her to start a small home business
assisting people who are looking to rent. What is the first thing
she should do?
Proof of continuing education is required every Two years
Of the following, who is required to hold an Illinois real estate A person who represents clients in the negotiation of a real estate contract for a flat fee.
license?
All compensation earned by a licensee must be paid: Through the licensee's sponsoring broker
Who would be eligible after completing education for an A mom who will work part-time (no corporation, only people)
appraiser's license?
What is usually considered proof in Illinois courts that the The closing of a sale
broker has earned a commission?
