Illinois leasing agent practice exam Questions With 100% Correct Answers

Illinois leasing agent practice exam Questions With 100% Correct Answers the leasing agent license shall expire on July 31st of: - answereven numbered years sponsoring brokers must submit the 45 day sponsor card to IDFPR within: - answer24 hours of employment leasing agent licensees must complete how many hours of containing education during the 24 month period prior renewal: - answer8 hours of continuing education The real estate recovery fund is: - answera fund at IDFPR to reimburse persons who suffer loss due to a licensees actions. The general requirements for a residential leasing agent to obtain a license include: - answerapplicant must be 18 years of age, must have a highschool diploma or GED, must have a sponsoring broker or firm. True or False; All licensed agents must be sponsored by a sponsored broker or firm? - answertrue True or False; Leasing agents must be 21 years of age and only engage in the sale of residential property? - answerfalse Disciplinary actions for leasing agents: - answerShall conform with disciplainary actions for licensed real estate brokers An applicant shall not practice as a student leasing agent _____________. - answermore than once in a 24 month period. 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 a 180day student permit - answerc The real estate recovery fund is maintained by IDFPR, who is eligible to collect damages from this account? - answerAny person who suffered a loss based on a licensees conduct. How many times can a person take the state licensing exam before they have to repeat the course again? - answer4 times