Illinois leasing agent practice examLATEST
VERSIONS (VERSION A AND B) COMPLETE 150
QUESTIONS AND CORRECT
Save
Terms in this set (50)
1. The lease contract Breach
stated that the renters
would bring in the security
deposit within five days. It
is now the sixth day and
the renters have not
brought in the money. This
is legally referred to as:
may keep silent about a material fact concerning the
2. In dealing with the
property if the client is the owner. d) may negotiate
public, a licensee:
different commissions with different owners.
could include security deposits as well as earnest
3. Escrow monies:
money.
4. An offer may be if it is rejected; if it is changed; or if it is revoked
terminated: before acceptance.
, A property management Steering
company runs a complex
of several buildings, all
belonging to the same
owner and on the same
parcel of land. At the
owner's request, the
manager has made
apartments available to
families with children in
just two of the buildings.
This practice is:
6. In a lease an owner may Reversion are interest
hold a future interest in
the property known as:
7. Which of the following A licensee is representing both landlord and tenant in
would be considered a the same transaction.
dual agency?
8. To be enforced, the In writing
Statute of Frauds requires
that all contracts for the
sale or lease of real estate
be:
9. A young couple with a The rental agent should have inquired about the
toddler and an infant want couple's preference for apartments.
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?
VERSIONS (VERSION A AND B) COMPLETE 150
QUESTIONS AND CORRECT
Save
Terms in this set (50)
1. The lease contract Breach
stated that the renters
would bring in the security
deposit within five days. It
is now the sixth day and
the renters have not
brought in the money. This
is legally referred to as:
may keep silent about a material fact concerning the
2. In dealing with the
property if the client is the owner. d) may negotiate
public, a licensee:
different commissions with different owners.
could include security deposits as well as earnest
3. Escrow monies:
money.
4. An offer may be if it is rejected; if it is changed; or if it is revoked
terminated: before acceptance.
, A property management Steering
company runs a complex
of several buildings, all
belonging to the same
owner and on the same
parcel of land. At the
owner's request, the
manager has made
apartments available to
families with children in
just two of the buildings.
This practice is:
6. In a lease an owner may Reversion are interest
hold a future interest in
the property known as:
7. Which of the following A licensee is representing both landlord and tenant in
would be considered a the same transaction.
dual agency?
8. To be enforced, the In writing
Statute of Frauds requires
that all contracts for the
sale or lease of real estate
be:
9. A young couple with a The rental agent should have inquired about the
toddler and an infant want couple's preference for apartments.
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?
