questions and answers 2026.
In Illinois, the real estate license law is administered by the...? - n
Ans ✔✔
IDFPR (Bureau of Real Estate Professions)
Qs
How are the nine members of the Real Estate Administration and
Disciplinary Board Selected? - n
Ans ✔✔
By the governor
Qs
What is the name given to the Illinois license laws under which
brokers and salespeople practice? - n
Ans ✔✔
Real Estate License Act of 2000
Qs
After May 1, 2011, the new license categories are: - n
Ans ✔✔
Managing Broker and Broker
,Qs
After April 30, 2012, as an alternative to passing the proficiency
exam given by AMP, what are the requirements for converting a
salesperson's license to a broker license? - n
Ans ✔✔
30 hours of post-licensure education, as defined by administrative
rule.
Qs
In Illinois, sponsor cards are good for: - n
Ans ✔✔
45 days
Qs
What are the requirements for a newly licensed broker effective
May 1, 2011? - n
Ans ✔✔
90 hours of pre-license coursework including 15 hours of
situational offerings
Qs
After May 1, 2011, what must a broker do to convert a managing
broker license? - n
Ans ✔✔
Complete 45 hours of post-license education
Qs
,When do real estate brokers' licenses expire in Illinois? - n
Ans ✔✔
April 30 of every odd-numbered year
Qs
To renew a license in Illinois, brokers must..? - n
Ans ✔✔
Have completed 12 hours of continuing education in the last two
years and pay the current fee.
Qs
Licensees who allow their licenses to expire have how long to
reinstate their licenses? - n
Ans ✔✔
Up to two years; then licensees must start over
Qs
What procedures must be followed to obtain a license that has
been expired for more than two years? - n
Ans ✔✔
Meet the requirements for a new license, including all pre-license
education and passing the exam
Qs
Three weeks before N begins his real estate pre-license class, he
offers to help his neighbor sell her house. The neighbor 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? - n
Ans ✔✔
No. State law prohibits lawsuits filed to collect commissions
unless filed by a licensed broker - one with a license in effect
before the agreement was reached.
Qs
Which of the following conditions is NOT required to grant a
nonresident broker's license in Illinois? - n
Ans ✔✔
The broker has been active in the real estate business in her own
state for one year prior to application.
Qs
The resident property manager for Acme Apartments is
responsible for negotiating leases for the apartment. In this
position, the resident manager: - n
Ans ✔✔
Is exempt from the licensing requirements.
Qs
After failing the Illinois licensing exam three times, what does a
candidate have to do to get three more tries? - n
Ans ✔✔
Complete the entire education requirement again.