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ILLINOIS LEASING AGENT LICENSE EXAM LATEST
2025 ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+|
||LATEST EXAM!!!||
1. The lease contract 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: - Answer-Breach
2. In dealing with the public, a licensee: - Answer-may
keep silent about a material fact concerning the property if
the client is the owner. d) may negotiate different
commissions with different owners.
3. Escrow monies: - Answer-could include security
deposits as well as earnest money.
4. An offer may be terminated: - Answer-if it is rejected; if it
is changed; or if it is revoked before acceptance.
, 2|Page
A property management 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: -
Answer-Steering
6. In a lease an owner may hold a future interest in the
property known as: - Answer-Reversion are interest
7. Which of the following would be considered a dual
agency? - Answer-A licensee is representing both landlord
and tenant in the same transaction.
8. To be enforced, the Statute of Frauds requires that all
contracts for the sale or lease of real estate be: - Answer-
In writing
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? -
Answer-The rental agent should have inquired about the
couple's preference for apartments.
ILLINOIS LEASING AGENT LICENSE EXAM LATEST
2025 ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+|
||LATEST EXAM!!!||
1. The lease contract 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: - Answer-Breach
2. In dealing with the public, a licensee: - Answer-may
keep silent about a material fact concerning the property if
the client is the owner. d) may negotiate different
commissions with different owners.
3. Escrow monies: - Answer-could include security
deposits as well as earnest money.
4. An offer may be terminated: - Answer-if it is rejected; if it
is changed; or if it is revoked before acceptance.
, 2|Page
A property management 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: -
Answer-Steering
6. In a lease an owner may hold a future interest in the
property known as: - Answer-Reversion are interest
7. Which of the following would be considered a dual
agency? - Answer-A licensee is representing both landlord
and tenant in the same transaction.
8. To be enforced, the Statute of Frauds requires that all
contracts for the sale or lease of real estate be: - Answer-
In writing
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? -
Answer-The rental agent should have inquired about the
couple's preference for apartments.
