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Illinois Leasing Agent License Exam (3 latest
versions) 2025 featuring accurate and
verified questions covering landlord tenant
law, fair housing regulations, leasing
procedures, advertising guidelines, and state-
specific legal requirements
The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years - answerA) Even numbered years
Sponsoring brokers must submit the 45 day sponsor card to IDFPR
within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
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d) 48 hours of employment - answerB) 24 hours of employment
Leasing Agent licensees must complete how many hours of
continuing education during the 24 month period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
d) 8 hours of continuing education - answerD) 8 hours of
continuing education
The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee violations
b) A fund at IDFPR to reimburse persons who suffer loss due to
licensee's actions
c) A fund that every sponsoring broker is required to keep in case
of violations
d) A fund at the local Realtor Association to discipline licensees -
answerB) A fund at IDFPR to reimburse persons who suffer a loss
due to a licensee's actions
The general requirements for a Residential Leasing Agent to obtain
a license include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
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C) Applicant must have a sponsoring broker or broker firm
D) All of the above - answerD) All of the above
Which of the following is TRUE as it relates to the licensing of
Residential Leasing Agents?
A) Leasing agents may engage in either sales or rental of all
property types
B) Leasing agents may engage in only the sale of residential
property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker or broker
firm - answerD) All licensed leasing agents must be sponsored by a
broker or broker firm
The Residential Leasing Agent license allows the licensee to engage
in:
A) Only residential leasing activities for which a license is required
by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing - answerA) Only
residential activities for which a license if required by IDFPR
Disciplinary actions for leasing agents:
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A) Shall be less than that which is levied on other licensees
B) Shall conform with disciplinary actions for all licensees
C) Are established by the broker
D) Are established by Illinois Realtors - answerB) Shall conform
with disciplinary actions for all licensees
An applicant shall not practice as a Student Leasing Agent:
A) More than once in a 24-month period
B) More than once a year
C) More than once
D) More than once in a 36-month period - answerC) More than
once
Which of the following is TRUE about sponsor cards?
A) Sponsor cards are only issued for residential leasing agents
B) All sponsor cards are issued by IDFPR
C) It is a temporary 45-day permit issued by the sponsoring broker
D) It is an 180 days student permit - answerC) It is a temporary 45-
day permit issued by the sponsoring broker
The Real Estate Recovery Fund is maintained by IDFPR. Who is
eligible to collect damages from this account?
Illinois Leasing Agent License Exam (3 latest
versions) 2025 featuring accurate and
verified questions covering landlord tenant
law, fair housing regulations, leasing
procedures, advertising guidelines, and state-
specific legal requirements
The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years - answerA) Even numbered years
Sponsoring brokers must submit the 45 day sponsor card to IDFPR
within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
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d) 48 hours of employment - answerB) 24 hours of employment
Leasing Agent licensees must complete how many hours of
continuing education during the 24 month period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
d) 8 hours of continuing education - answerD) 8 hours of
continuing education
The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee violations
b) A fund at IDFPR to reimburse persons who suffer loss due to
licensee's actions
c) A fund that every sponsoring broker is required to keep in case
of violations
d) A fund at the local Realtor Association to discipline licensees -
answerB) A fund at IDFPR to reimburse persons who suffer a loss
due to a licensee's actions
The general requirements for a Residential Leasing Agent to obtain
a license include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
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C) Applicant must have a sponsoring broker or broker firm
D) All of the above - answerD) All of the above
Which of the following is TRUE as it relates to the licensing of
Residential Leasing Agents?
A) Leasing agents may engage in either sales or rental of all
property types
B) Leasing agents may engage in only the sale of residential
property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker or broker
firm - answerD) All licensed leasing agents must be sponsored by a
broker or broker firm
The Residential Leasing Agent license allows the licensee to engage
in:
A) Only residential leasing activities for which a license is required
by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing - answerA) Only
residential activities for which a license if required by IDFPR
Disciplinary actions for leasing agents:
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A) Shall be less than that which is levied on other licensees
B) Shall conform with disciplinary actions for all licensees
C) Are established by the broker
D) Are established by Illinois Realtors - answerB) Shall conform
with disciplinary actions for all licensees
An applicant shall not practice as a Student Leasing Agent:
A) More than once in a 24-month period
B) More than once a year
C) More than once
D) More than once in a 36-month period - answerC) More than
once
Which of the following is TRUE about sponsor cards?
A) Sponsor cards are only issued for residential leasing agents
B) All sponsor cards are issued by IDFPR
C) It is a temporary 45-day permit issued by the sponsoring broker
D) It is an 180 days student permit - answerC) It is a temporary 45-
day permit issued by the sponsoring broker
The Real Estate Recovery Fund is maintained by IDFPR. Who is
eligible to collect damages from this account?
