Illinois Real Estate License Test 2025/2026 With 150
Practice Questions And Correct Verified Answers/ IL
Real Estate Exam Prep 2025 (Brand New!)
The purpose of the title commitment
in a real estate sale is to: indicate that the title insurance company will insure the title
2. Which of these best describes the primary purpose of the Real Estate License Act?:
To protect the public from unqualified or dishonest licensees
3. A listing agreement provides for the payment of a commission to the broker even if
the owner sells the property without the broker's help.
This type of listing agreement is called: an exclusive-right-to-sell listing.
4. The buyer in a real estate transaction records the documents affecting his or her tit
and interest in the real estate to legally provide: constructive notice
5. The continued use of a property that was lawful at the time the use began but now i
in violation of a zoning regulation is an example of: a nonconforming use
6. Which of these deeds should the grantor use to transfer title without providing any
warranties to the grantee?: Quitclaim deed
7. Under the Real Estate License Act of 2000, a person who seeks or receives
real estate brokerage services is a: consumer
8. What would probably occur if a tenant's lease is breached because the landlord has
allowed the unit in an apartment building to become uninhabitable?: Constructive evicti
9. A seller received an offer to purchase her house from a prospective buyer.
The seller will still be able to accept
the offer even if: another offer is received from a third party
One general rule of the federal do-not-
call regulations is: unsolicited phone calls must not be
,made to a number listed on the national registry.
11. On Wednesday, a property seller offers to sell his house to a potential buyer
for $320,000. On Sunday, the buyer makes a counteroffer of $310,000. On Friday, the
buyer withdraws the counteroffer of $310,000 and accepts the seller's offer of $320,000.
In this
situation there is: no valid agreement because the buyer's counteroffer ended the seller's offer
Which expense is usually NOT prorated between the buyer and seller?: Broker's
commission
13. What type of lease requires the lessee to pay for the insurance, taxes, and
maintenance on the property in
addition to a rental payment?: Net lease
14. The sale of a single-family home by the owner is exempt from the Illinois
Human Rights Act if the owner: does not own more than three single-family homes at one
time.
A property management agreement
typically includes a: statement of the owner's objectives for the property.
16. A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square
feet does it contain?: 39,000 sq. ft.
An investor purchased a building for
$360,000 by paying 10% down and financing the rest of the purchase price. The lender
charged two points as a loan origination fee. How much
was the investor charged for the fee?: $6,480
18. The Real Estate License Act of 2000 is administered by the: Illinois Department of
Financial and Professional Regulation
19. A seller has a listing agreement with a real estate company. A second real estate
company brings a buyer for the house. If the seller owes a
,commission to the second real estate company who brought the buyer and not the first
company, what type of listing agreement must the seller have
had with the first company?: An open listing
20. A lease agreement contains a clause that gives the tenant the right to purchase the
property at a specified price. This type of agreement is called a?: lease with option to buy
21. The owner of a property died and left a will written entirely in the owner's
handwriting. This type of will is called: holographic will.
22. Complaints pertaining to the Illinois Human Rights Act may be filed with the:
Department of Human Rights.
Which of these situations would be
considered a dual agency?: A broker acting for both the buyer and seller in the same
transaction
24. If the sole owner of a property with a fee simple absolute ownership interest dies
and leaves no will, the owner's
title passes in accordance with the: laws of descent and distribution.
25. Which of these would a licensee, who is an independent contractor, receive
from the employing broker?: Commissions based on sales transactions
26. Which of these is TRUE regarding owners holding title to real estate by
joint tenancy?: They have right of survivorship.
27. According to Article 15 of the Real Estate License Act of 2000, a person who is not
being represented by a licensee, but for whom the licensee is
performing ministerial acts, is called a: customer
In Illinois, managing broker licenses
are renewed every two years by: April 30 in odd-numbered years.
Practice Questions And Correct Verified Answers/ IL
Real Estate Exam Prep 2025 (Brand New!)
The purpose of the title commitment
in a real estate sale is to: indicate that the title insurance company will insure the title
2. Which of these best describes the primary purpose of the Real Estate License Act?:
To protect the public from unqualified or dishonest licensees
3. A listing agreement provides for the payment of a commission to the broker even if
the owner sells the property without the broker's help.
This type of listing agreement is called: an exclusive-right-to-sell listing.
4. The buyer in a real estate transaction records the documents affecting his or her tit
and interest in the real estate to legally provide: constructive notice
5. The continued use of a property that was lawful at the time the use began but now i
in violation of a zoning regulation is an example of: a nonconforming use
6. Which of these deeds should the grantor use to transfer title without providing any
warranties to the grantee?: Quitclaim deed
7. Under the Real Estate License Act of 2000, a person who seeks or receives
real estate brokerage services is a: consumer
8. What would probably occur if a tenant's lease is breached because the landlord has
allowed the unit in an apartment building to become uninhabitable?: Constructive evicti
9. A seller received an offer to purchase her house from a prospective buyer.
The seller will still be able to accept
the offer even if: another offer is received from a third party
One general rule of the federal do-not-
call regulations is: unsolicited phone calls must not be
,made to a number listed on the national registry.
11. On Wednesday, a property seller offers to sell his house to a potential buyer
for $320,000. On Sunday, the buyer makes a counteroffer of $310,000. On Friday, the
buyer withdraws the counteroffer of $310,000 and accepts the seller's offer of $320,000.
In this
situation there is: no valid agreement because the buyer's counteroffer ended the seller's offer
Which expense is usually NOT prorated between the buyer and seller?: Broker's
commission
13. What type of lease requires the lessee to pay for the insurance, taxes, and
maintenance on the property in
addition to a rental payment?: Net lease
14. The sale of a single-family home by the owner is exempt from the Illinois
Human Rights Act if the owner: does not own more than three single-family homes at one
time.
A property management agreement
typically includes a: statement of the owner's objectives for the property.
16. A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square
feet does it contain?: 39,000 sq. ft.
An investor purchased a building for
$360,000 by paying 10% down and financing the rest of the purchase price. The lender
charged two points as a loan origination fee. How much
was the investor charged for the fee?: $6,480
18. The Real Estate License Act of 2000 is administered by the: Illinois Department of
Financial and Professional Regulation
19. A seller has a listing agreement with a real estate company. A second real estate
company brings a buyer for the house. If the seller owes a
,commission to the second real estate company who brought the buyer and not the first
company, what type of listing agreement must the seller have
had with the first company?: An open listing
20. A lease agreement contains a clause that gives the tenant the right to purchase the
property at a specified price. This type of agreement is called a?: lease with option to buy
21. The owner of a property died and left a will written entirely in the owner's
handwriting. This type of will is called: holographic will.
22. Complaints pertaining to the Illinois Human Rights Act may be filed with the:
Department of Human Rights.
Which of these situations would be
considered a dual agency?: A broker acting for both the buyer and seller in the same
transaction
24. If the sole owner of a property with a fee simple absolute ownership interest dies
and leaves no will, the owner's
title passes in accordance with the: laws of descent and distribution.
25. Which of these would a licensee, who is an independent contractor, receive
from the employing broker?: Commissions based on sales transactions
26. Which of these is TRUE regarding owners holding title to real estate by
joint tenancy?: They have right of survivorship.
27. According to Article 15 of the Real Estate License Act of 2000, a person who is not
being represented by a licensee, but for whom the licensee is
performing ministerial acts, is called a: customer
In Illinois, managing broker licenses
are renewed every two years by: April 30 in odd-numbered years.
