Leasing Agent Final Exam Questions With 100% Correct Answers 2024/2025

Leasing Agent Final Exam Questions With 100% Correct Answers 2024/2025 A tenant in Apartment A tested their own apartment for radon and the results were 10.9 pCi/L. What is now required of the landlord? - answerMust disclose the radon hazard to subsequent tenants of Apartment A Someone advertises their summer home for rent. "Renting 2 bedroom home. No more than 2 children. $2,000 for the season. Call (800) 242-3939" Is this advertisement legal? - answerNo because of the limit on the number of children A prospective tenant wants to file a Fair Housing complaint under Federal law. Where do they go to? - answerDepartment of Housing and Urban Development (HUD) If an option to purchase is not acted on within the specified time period, the optionee: - answerLoses their right to purchase at the agreed upon price and terms A landlord fails to pay the utility bills and the heat is turned off in January. A tenant can move out and claim: - answerConstructive eviction A rental finding service must: - answerHave a written agreement before collecting a fee What automatically happens if a leasing agent is found in court to have discriminated? - answerHave their license revoked or suspended without a hearing The License Act requires leasing agents to: - answerHave their diploma/GED and be at least 18 years old What must be included in every ad for an apartment rental by a leasing agent? - answerThe leasing agent's company's name A tenant puts a window air conditioning unit in their apartment's window. What is this considered? - answerPersonal property What must a sponsoring broker do when a leasing agent leaves the firm? - answerGet the name of their new sponsoring broker When leasing an apartment, what question is permitted to be asked? - answerHow many occupants will be living here? A tenant asks a leasing agent the racial make-up of the complex. What is an appropriate response? - answer"If that information is important to you, please seek it from another source." A tenant signs a lease at 9 pm on Friday night and gives you a check for their security deposit. When must it be deposited? - answerBy the close of work on Monday Which of the following should you share with prospective tenants in a large complex? - answerThe pool is being removed this spring A leasing agent goes over the lease with a prospective tenant explaining all legal ramifications of each section. What statement is true? - answerThis could be the unauthorized practice of law. Your leasing agent permit has expired and you have not yet passed your state exam. If you continue to work, who could be punished? - answerBoth the managing broker and the leasing agent Is it required to have a written employment agreement between the sponsoring broker and leasing agent? - answerYes, in all cases A tenant hasn't been paying their rent and needs to be evicted. What is the first step? - answerGive them a 5 day notice A leasing agent fails to pay state incom