ILLINOIS LEASING AGENT LICENSE
LATEST EXAM 2025 WITH 250 QUESTIONS
AND WELL-VERIFIED CORRECT ANSWERS
|100% CORRECT ANSWERS | ALREADY
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ILLINOIS LEASING AGENT LICENSE
ACTUAL FINAL EXAM [BRAND NEW]
Illinois Lessees are entitled to receive interest on security deposits
a. If a building contains over 4 units.
b. If a building is not owner occupied.
c. If the landlord owns three or more buildings.
d. If the landlord receives security deposits in properties of 25 or more units and
the deposits are held for more than six months. - ANSWER- If the landlord
receives security deposits in properties of 25 or more units and the deposits are
held for more than six months.
A tenant pays for his own utilities and makes one payment each month to the
landlord for rent; in addition he pays the landlord's taxes, insurance, and
maintenance on the building in accordance with the terms of the lease. Under these
circumstances, the lease is a:
,a. Gross
b. Graduated
c. Net
d. Percentage - ANSWER- Net
All of the following are protected classes under the Illinois Human Rights Act
except:
a. Race
b. Sex
c. Marital Status
d. Dependence on public assistance. - ANSWER- Dependence on public
assistance.
A leasing agent may rent commercial property provided he or she - ANSWER-
Cannot rent or lease commercial property under any condition.
A tenant is on a periodic month tenancy. On August 1st the tenant pays his rent.
On the 8th of the month the tenant finds a different apartment in another town and
immediately gives notice to the landlord. Under these circumstances the soonest
the tenant can legally terminate the lease is:
a. August 30th
b. September 1st
c. September 8th
d. September 30th - ANSWER- September 30th
,The majority of residential leases are:
a. Gross leases
b. Net leases
c. Triple net leases
d. Percentage lease - ANSWER- Gross leases
Which of the following describes the act of encouraging peple to sell or rent their
homes by claiming that the entry of a protected class of people into the
neighborhood will have some sort of negative impact on property values?
a. Steering
b. Redlining
c. Blockbusting
d. Coercing - ANSWER- Blockbusting
A leasing agent's relationship with their broker...
a. Does not require a written agreement.
b. Can provide that the leasing agent may accept commissions from more than one
broker.
c. Does not need to be registered with the state.
d. None of the above. - ANSWER- d. None of the above (D)
Which of the following would be associated with leases?
, a. Tenants in the entirety
b. Joint tenancy
c. Estate for years
d. Tenancy in common - ANSWER- Estate for years
Jim, who has never had a broker's license, passes out cards offering Real Estate
services in selling homes, managing, renting, etc. Jim can receive a maximum
punishment of:
a. Fine up to $15,000.
b. Up to 2 years in prison.
c. Up to 5 years in prison.
d. Fine up to $25,000. - ANSWER- d. Fine up to $25,000.
Under the Illinois Human Rights Act an elderly person is any person or persons
over the age of:
a. 65
b. 72
c. 40
d. 60 - ANSWER- 40
In Illinois the license test is administered by:
a. The governor
LATEST EXAM 2025 WITH 250 QUESTIONS
AND WELL-VERIFIED CORRECT ANSWERS
|100% CORRECT ANSWERS | ALREADY
GRADED A+ | GUARANTEED SUCCESS |
ILLINOIS LEASING AGENT LICENSE
ACTUAL FINAL EXAM [BRAND NEW]
Illinois Lessees are entitled to receive interest on security deposits
a. If a building contains over 4 units.
b. If a building is not owner occupied.
c. If the landlord owns three or more buildings.
d. If the landlord receives security deposits in properties of 25 or more units and
the deposits are held for more than six months. - ANSWER- If the landlord
receives security deposits in properties of 25 or more units and the deposits are
held for more than six months.
A tenant pays for his own utilities and makes one payment each month to the
landlord for rent; in addition he pays the landlord's taxes, insurance, and
maintenance on the building in accordance with the terms of the lease. Under these
circumstances, the lease is a:
,a. Gross
b. Graduated
c. Net
d. Percentage - ANSWER- Net
All of the following are protected classes under the Illinois Human Rights Act
except:
a. Race
b. Sex
c. Marital Status
d. Dependence on public assistance. - ANSWER- Dependence on public
assistance.
A leasing agent may rent commercial property provided he or she - ANSWER-
Cannot rent or lease commercial property under any condition.
A tenant is on a periodic month tenancy. On August 1st the tenant pays his rent.
On the 8th of the month the tenant finds a different apartment in another town and
immediately gives notice to the landlord. Under these circumstances the soonest
the tenant can legally terminate the lease is:
a. August 30th
b. September 1st
c. September 8th
d. September 30th - ANSWER- September 30th
,The majority of residential leases are:
a. Gross leases
b. Net leases
c. Triple net leases
d. Percentage lease - ANSWER- Gross leases
Which of the following describes the act of encouraging peple to sell or rent their
homes by claiming that the entry of a protected class of people into the
neighborhood will have some sort of negative impact on property values?
a. Steering
b. Redlining
c. Blockbusting
d. Coercing - ANSWER- Blockbusting
A leasing agent's relationship with their broker...
a. Does not require a written agreement.
b. Can provide that the leasing agent may accept commissions from more than one
broker.
c. Does not need to be registered with the state.
d. None of the above. - ANSWER- d. None of the above (D)
Which of the following would be associated with leases?
, a. Tenants in the entirety
b. Joint tenancy
c. Estate for years
d. Tenancy in common - ANSWER- Estate for years
Jim, who has never had a broker's license, passes out cards offering Real Estate
services in selling homes, managing, renting, etc. Jim can receive a maximum
punishment of:
a. Fine up to $15,000.
b. Up to 2 years in prison.
c. Up to 5 years in prison.
d. Fine up to $25,000. - ANSWER- d. Fine up to $25,000.
Under the Illinois Human Rights Act an elderly person is any person or persons
over the age of:
a. 65
b. 72
c. 40
d. 60 - ANSWER- 40
In Illinois the license test is administered by:
a. The governor
