Leasing Exam Questions With 100% Correct Answers

Leasing Exam Questions With 100% Correct Answers In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how many months? - answer6 Which of the following does not require disclosure? A. Radon B. Felons living onsite C. Lead-based paint D. Termites - answerfelons living onsite What was the date of the first civil rights act? - answer1866 Is it permissable to refuse to rent to a person with a poor credit history? - answeryes Who is acceptable to redline? - answerlending institutions Is occupancy standard a federal law or guideline? - answerguideline Directing people, especially minorities, toward a specific neighborhood is called what? - answersteering The definition of familial status is residents over the age of 18. True or False? - answerfalse A licensee advertises a 15 year old building as new. This is called what? - answerfraud A blind ad means an ad is? - answermissing key information, HAS NOTHING TO DO W SIZE Can an unliscensed personal assistant can sit at an open house for area brokers? - answeryes When can a tenant claim constructive eviction? - answerwhen it is uninhabitable Where is the leasing agent's original license kept? - answerbroker's office or any branch office When a leasing agent offers to put an elderly resident in a quiet building with others, what is this called? - answersteering A leasing agent refuses to rent a third floor unit to a disabled resident because there are no elevators in the building. What did the agent violate? - answerfair housing laws A lease with an indefinite ending date is called? - answerperiodic tenancy The Residential Disclosure Act applies to? - answersellers of 4 units or LESS When are sponsor cards issued and who issues them? - answer24 hours after license; issued by broker Tenant installed a new light fixture in the dining room. What kind of property is the light fixture? - answerreal An owner of a 12 unit apartment building lives onsite. In his absense, the maintenence person shows vacant apartments. Is this acceptable? Why or why not? - answerYes, the OWNER is exempt from the license The leasing agent license shall expire on July 31 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 continuing education duringthe 24 month period prior renewal? - answer6 What is a fund used by IDFPR to reimburse aggreieved persons who suffer a loss based on a licensee's actions? - answerReal Estate Recovery Fund The Leasing Agent License allows the licensee to engage in? - answeronly residential leasing activities An applicant shall not practice as a student leasing agent _____________. - answermore than once in a 24 month period Which is TRUE about sponsor cards? A. Sponsor cards are only issued for leasing agents. B. All sponsor cards must be displayed on the wall of the licensee's office. C. It is a temporary 45 days permit isssued by the sponsoring broker D. It is a 180 day student permit - answerC How many times may a person take the state leasing exam before they have to repeat the course again? - answer4 times in 4 years The department of Financial and Professional Regulation requires escrow records to be maintained by the sponsoring broker for? - answer5 years When must escrow money be deposited by the sponsoring broker? - answerno later than the next business day following the transaction