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ILLINOIS LEASING AGENT PRACTICE EXAM QUESTIONS AND ANSWERS

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ILLINOIS LEASING AGENT PRACTICE EXAM QUESTIONS AND ANSWERS

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Geüpload op
26 september 2024
Aantal pagina's
47
Geschreven in
2024/2025
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Tentamen (uitwerkingen)
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Vragen en antwoorden

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Voorbeeld van de inhoud

Name: Score:


49 Multiple choice questions

Term 1 of 49
44. One general rule of the Do Not Call Registry is:

it is illegal to send unsolicited texts to numbers on the registry.

it is legal to call any number on the registry if it's for a business purpose.

it is permissible to call numbers on the registry if you have prior consent.

it is illegal to make an unsolicited phone call to a number listed on the national registry

Term 2 of 49
15. Which of the following people may discriminate on the basis of race?

Buyer

No notice

No one

The seller

Term 3 of 49
22. A woman advertises a 2-bedroom apartment for rent in her 6-unit building in Chicago,
stipulating "Adults Only." She is in violation of:

Refuse the Listing.

the Illinois Human Rights Act.


no Law as Long as she Lives in the Building.

the Civil Rights Act of 1866.

,Term 4 of 49
40. The refusal of a lending institution to make a residential real estate loan strictly because of
the racial or ethnic composition of the neighborhood is called:

Commingling

Blockbusting


Steering

Redlining

Term 5 of 49
7. Which of the following would be considered a dual agency?

A licensee is representing only the landlord in multiple transactions.

A licensee is representing both landlord and tenant in the same transaction.


A licensee is representing the tenant in a different property than the landlord's.

A licensee is working independently without representing any party.

Term 6 of 49
2. In dealing with the public, a licensee:

must disclose all material facts to the public regardless of the client's wishes.


can only represent one party in any transaction, regardless of the circumstances.

may keep silent about a material fact concerning the property if the client is the owner.
d) may negotiate different commissions with different owners.

is required to charge the same commission to all clients without exception.

,Term 7 of 49
36. In Illinois all the following statements are true EXCEPT:

A landlord must return the security deposit within 90 days.


A landlord can keep a security deposit for any reason without explanation.

A landlord may never keep a security deposit without a written explanation to the
tenant.

A landlord can deduct any unpaid rent from the security deposit.

Term 8 of 49
21. A licensed agent selling or leasing his own home without using his broker's services may
discriminate on the basis of:

the "Blue-Sky" laws.

All of the above

Ask that the check be rewritten to the brokerage.


Non of the above

Term 9 of 49
50. Under CAN-SPAM, emails used to advertise products or services requires:

the valid physical postal address of the sender's business.

the sender's personal email address for direct contact.

a list of all products the sender has ever advertised.

a disclaimer stating that the email is for promotional purposes only.

, Term 10 of 49
9. A young couple with a toddler and an infant want to lease an apartment in a complex that is
occupied primarily by adults. The rental agent shows the couple apartments only on the first
floor. Which of the following is true?

The rental agent should have inquired about the couple's preference for apartments.

The rental agent must always prioritize adult-only complexes for families.

The rental agent acted appropriately by only showing first-floor apartments.

The rental agent should have only shown apartments with more bedrooms.

Term 11 of 49
43. Regulations regarding lead-based paint require that:

known paint hazards be disclosed

withdraw from the agency agreement.

ask that the check be rewritten to the brokerage.

homeowners test for its presence

Term 12 of 49
26. In Illinois, a real estate license would be required for which of the following situations?

A person who manages their own rental property.

A person who sells their own property without representation.

A person who plans to lease property for someone else and for compensation

A person who provides maintenance services for a property.

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