ILLINOIS REAL ESTATE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+

AND 100% CORRECT ANSWERS|LATEST


In Illinois, the real estate license law is administered by the...? -
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B ANSWER IDFPR (Bureau of Real Estate Professions)
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How are the nine members of the Real Estate Administration and Disciplinary Board Selected?
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B B - ANSWER By the governor
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What is the name given to the Illinois license laws under which brokers and salespeople practi
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ce? - ANSWER B B Real Estate License Act of 2000
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After May 1, 2011, the new license categories are: -
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B ANSWER Managing Broker and Broker B B B




After April 30, 2012, as an alternative to passing the proficiency exam given by AMP, what are t
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he requirements for converting a salesperson's license to a broker license? -
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B ANSWER 30 hours of post-licensure education, as defined by administrative rule.
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In Illinois, sponsor cards are good for: - ANSWER
B B B B B B B B 45 days B




What are the requirements for a newly licensed broker effective May 1, 2011? -
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B ANSWER 90 hours of pre-license coursework including 15 hours of situational offerings
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After May 1, 2011, what must a broker do to convert a managing broker license? -
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B ANSWER Complete 45 hours of post-license education B B B B B




When do real estate brokers' licenses expire in Illinois? - ANSWER
B B B B B B B B B B April 30 of every odd-
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numbered year B




1
Wicky

,To renew a license in Illinois, brokers must..? -
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ANSWER
B Have completed 12 hours of continuing education in the last two years and pa B B B B B B B B B B B B B



y the current fee.
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Licensees who allow their licenses to expire have how long to reinstate their licenses? -
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B ANSWER Up to two years; then licensees must start over
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What procedures must be followed to obtain a license that has been expired for more than tw
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o years? - ANSWER
B Meet the requirements for a new license, including all pre-
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license education and passing the exam
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Three weeks before N begins his real estate pre-
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license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% c
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ommission. An offer is accepted while N is taking the class and closes the day after N passes th
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e exam and receives his salesperson license. The neighbor refuses to pay N the agreed commis
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sion. Can N sue to recover payment? -
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ANSWER
B No. State law prohibits lawsuits filed to collect commissions unless filed by a li
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censed broker - one with a license in effect before the agreement was reached.
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Which of the following conditions is NOT required to grant a nonresident broker's license in Illi
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nois? - B



B ANSWER The broker has been active in the real estate business in her own state for one
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B year prior to application.
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The resident property manager for Acme Apartments is responsible for negotiating leases for
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the apartment. In this position, the resident manager: -
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B ANSWER Is exempt from the licensing requirements.
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After failing the Illinois licensing exam three times, what does a candidate have to do to get thr
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ee more tries? - ANSWER
B B B B Complete the entire education requirement again. B B B B B




2
Wicky

,When terminating a sponsorship, the sponsoring broker must return the signed license to the
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DPR within - ANSWER B B B Two business days by signature restricted mail delivery.
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A leasing agent license requires how many hours of classroom time? -
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B ANSWER 15 hours B




In order to practice real estate, Illinois requires new licensees to have which of the following in
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B their possession? - ANSWER
B B B A 45-day sponsor card, then a pocket card later
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An agent is terminated by his broker for failure to pay the office bill. While the agent is looking
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for a new office, he is considered to have what kind of license? - ANSWER
B B B B B B B B B B B B B B Inoperative



Performing which of the following activities requires a real estate license? -
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B ANSWER Negotiating Lease Terms B B




J was really good at locating temporary housing for friends. They have encouraged her to start
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a small home business assisting people who are looking to rent. What is the first thing she sho
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uld do? - ANSWER B B B Get a real estate license
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Proof of continuing education is required every - ANSWER
B B B B B B B B Two years B




Of the following, who is required to hold an Illinois real estate license? -
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B ANSWER A person who represents clients in the negotiation of a real estate contract for
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B a flat fee.
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All compensation earned by a licensee must be paid: -
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B ANSWER Through the licensee's sponsoring broker B B B B




Who would be eligible after completing education for an appraiser's license? -
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B ANSWER A mom who will work part-time (no corporation, only people)
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3
Wicky

, What is usually considered proof in Illinois courts that the broker has earned a commission? -
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B ANSWER The closing of a sale
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A seller needs to sell quickly because he is getting transferred. Hoping to create excitement, h
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e agrees to a 7% commission. The listing broker's offer to the cooperating broker must be: -
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B ANSWER Disclosed to the seller in writing what the compensation will be.
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The office assistant for a local real estate firm is responsible for the following activities: trackin
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g the flow of paperwork through the office, preparing forms and advertising copy, and hiring a
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nd supervising clerical personnel. The office assistant is: -
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B ANSWER Exempt from real estate licensing requirements.
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In Illinois, a personal assistant must be licensed to -
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B ANSWER Explain simple contract documents to prospective buyers.
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In Illinois, a personal real estate assistant -
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ANSWER
B May insert factual information into forms under the agent's supervision and a
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pproval.



The broker's unlicensed assistant worked late nights and weekends to help ensure the success
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ful closing of a difficult transaction. The assistant's extra work included making several phone
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calls to the prospective buyers, encouraging them to accept the seller's counteroffer. Largely b
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ecause of the assistant's efforts, the sale went through with no problem. Now the broker want
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s to pay the assistant a percentage of the commission "because the assistant has really earned
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Bit". Under Illinois law, the broker may: -
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B ANSWER Not pay a commission to the assistant under the facts presented here.
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A licensed personal assistant wishes to hold a public open house. Is this allowed in Illinois? -
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B ANSWER Yes, this is allowed if the assistant's license is held by the sponsoring broker.
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A sponsored licensee has decided to hire a licensed personal assistant. How is compensation p
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aid to this licensed personal assistant? - ANSWER
B B B B B B B Through the sponsoring broker. B B B




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Wicky