Illinois Real Estate License Exam 2025 with 100
Practice Questions and Correct Answers / IL Real
Estate License 2025-2026 Latest Practice Test
In Illinois, who appoints a designated managing broker? - ANSWER-A
sponsoring broker
When must licensees in Illinois notify the Division of Real Estate of a name
change? - ANSWER-within 14 days
According to Illinois statutes, licensees who have a personal interest to a
transaction must - ANSWER-Disclose their status as a licensee
When must sponsoring brokers in Illinois notify the Division of Real Estate of a
change to their office location? - ANSWER-Within 24 hours
Ivan qualifies for and takes advantage of the Illinois Senior Citizens Assessment
Freeze Homestead Exemption. Which of these is true? - ANSWER-Ivan's tax bill
may go up even with the exemption in place if he makes property improvements.
Marisa is Charli's unlicensed personal assistant. Which activity may Marisa legally
perform? - ANSWER-Placing an advertisement
Cathy, an Illinois licensee works for a brokerage that allows dual agency, and she's
about to work as a dual agent for the first time in her career. She's already had both
the buyer and seller provide their written informed consent, but by when must she
also have them confirm their consent? - ANSWER-No later than when the clients
are ready to sign the purchase agreement
pg. 1
, In Illinois, which of these events would stigmatize a property? - ANSWER-Site of
a notorious murder
Roger, an Illinois broker working for Metro Homes, lists a property for seller
clients Trina and Samuel. Roger's sponsoring broker is Ted Britton and his
managing broker is Sonjay Treva. Which of these statements about the relationship
is true? - ANSWER-The listing agreement is between Trina, Samuel, and Metros
Homes.
In Illinois, which of the following may be considered a stigmatized property? -
ANSWER-A home where a homicide, suicide, or haunting occurred
Bob's clients, Dan and Julie, are looking for a mountain cabin. They tell Bob they'll
pay him a $2,000 finder's fee if he finds the cabin that checks all their boxes and
they close on it. Randall finds a likely candidate as a FSBO, and negotiations
begin. What circumstance is required for Bob to receive the finder's fee? -
ANSWER-Dan and Julie must pay the finder's fee to Bob's broker
Which of these statements regarding disclosure under the Illinois Real Estate
License Act of 2000 is FALSE? - ANSWER-Licensees must only disclose defects
that can be discovered through a reasonably diligent property inspection.
A licensee in Illinois who performs ministerial acts for a customer to a transaction
is known as a - ANSWER-Non-agent
Which of the following situations will necessitate the Illinois required dual agency
disclosures? - ANSWER-Colin from Pringle Properties represents both seller
clients, the Rosings, and buyer client, Jonathan, in the same transaction.
pg. 2
Practice Questions and Correct Answers / IL Real
Estate License 2025-2026 Latest Practice Test
In Illinois, who appoints a designated managing broker? - ANSWER-A
sponsoring broker
When must licensees in Illinois notify the Division of Real Estate of a name
change? - ANSWER-within 14 days
According to Illinois statutes, licensees who have a personal interest to a
transaction must - ANSWER-Disclose their status as a licensee
When must sponsoring brokers in Illinois notify the Division of Real Estate of a
change to their office location? - ANSWER-Within 24 hours
Ivan qualifies for and takes advantage of the Illinois Senior Citizens Assessment
Freeze Homestead Exemption. Which of these is true? - ANSWER-Ivan's tax bill
may go up even with the exemption in place if he makes property improvements.
Marisa is Charli's unlicensed personal assistant. Which activity may Marisa legally
perform? - ANSWER-Placing an advertisement
Cathy, an Illinois licensee works for a brokerage that allows dual agency, and she's
about to work as a dual agent for the first time in her career. She's already had both
the buyer and seller provide their written informed consent, but by when must she
also have them confirm their consent? - ANSWER-No later than when the clients
are ready to sign the purchase agreement
pg. 1
, In Illinois, which of these events would stigmatize a property? - ANSWER-Site of
a notorious murder
Roger, an Illinois broker working for Metro Homes, lists a property for seller
clients Trina and Samuel. Roger's sponsoring broker is Ted Britton and his
managing broker is Sonjay Treva. Which of these statements about the relationship
is true? - ANSWER-The listing agreement is between Trina, Samuel, and Metros
Homes.
In Illinois, which of the following may be considered a stigmatized property? -
ANSWER-A home where a homicide, suicide, or haunting occurred
Bob's clients, Dan and Julie, are looking for a mountain cabin. They tell Bob they'll
pay him a $2,000 finder's fee if he finds the cabin that checks all their boxes and
they close on it. Randall finds a likely candidate as a FSBO, and negotiations
begin. What circumstance is required for Bob to receive the finder's fee? -
ANSWER-Dan and Julie must pay the finder's fee to Bob's broker
Which of these statements regarding disclosure under the Illinois Real Estate
License Act of 2000 is FALSE? - ANSWER-Licensees must only disclose defects
that can be discovered through a reasonably diligent property inspection.
A licensee in Illinois who performs ministerial acts for a customer to a transaction
is known as a - ANSWER-Non-agent
Which of the following situations will necessitate the Illinois required dual agency
disclosures? - ANSWER-Colin from Pringle Properties represents both seller
clients, the Rosings, and buyer client, Jonathan, in the same transaction.
pg. 2
