Page 1 of 92
✓ VERSIONS A AND B
✓ PRACTICE EXAM QUESTIONS
✓ COMPLETE 300 QUESTIONS AND CORRECT ANSWERS
✓ ALREADY GRADED A+
ILLINOIS LEASING AGENT EXAM A
A licensee seeking an apartment encountered discrimination based on his age. Which
one of the following statements is correct regarding the real estate recovery fund?
a- the licensee may not file a complaint with IDFPR because of the real estate
recovery fund is for members of the general public and not licensees.
b- the licensee may not file a complaint because there is no witness to the
discrimination when the licensee claims that discrimination took place
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c-the licensee may file a complaint and a hearing will be conducted by IDFPR to
determine if any discrimination took place
d- the licensee may file a complaint with IDFPR because the discrimination took place
five years ago and the case was opened within the required time period. - ANSWER>>c
A licensee owns 1% of a residential property that is being advertised for rent. What is
the maximum amount of ownership that a license you can have any property before
disclosure is required? - ANSWER>>There is no minimum or maximum percentage of
ownership that is required.
A student leasing agent was hired on January 15. The sponsoring broker did not
complete the 120 day student permit until January 30. When does the 120 day period
begin? - ANSWER>>The permit begins the day of the sponsoring broker completes the
120 day permit online and IDFPR.
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A sponsor card can be issued by a sponsoring broker to a student after they pass the
state exam. Which license category does the sponsor card apply to? -
ANSWER>>Leasing agents, brokers, and managing brokers.
Which of the following is not a violation of the license act? a-failure
to maintain good record keeping.
b-residential leasing agent decides to not renew their lease c-call
mingling money/property of business or personal funds.
d-failure to comply with requests from IDFPR within 30 days. - ANSWER>>b A
managing broker must notify IDFPR in all of the following circumstances except;
a-a branch office was closed b-a new branch office was opened c-a new leasing
agents 45 day permit is due to expire d-corporate office for the company has
relocated - ANSWER>>c
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A listing agent was given a $100 check from another licensee to compensate them for
the lease agreement that they worked on together. Which of the following statements is
correct?
a-it is acceptable because the amount is less than $500 b-it is
acceptable because the amount is less than $250 c-it is
unacceptable because the broker needs to know about this
d-it is unacceptable because it is against the license act to receive payment directly
from another licensee - ANSWER>>d
Sponsoring broker is required to have a written employment agreement with; -
ANSWER>>Licensed residential leasing agents, brokers, and managing brokers.
Which of the following is permitted under the federal fair housing act?
a-advertise property for rent only to a special group b-increase the rent
because an applicant is a minority c-refuse to rent to an individual with poor
4
✓ VERSIONS A AND B
✓ PRACTICE EXAM QUESTIONS
✓ COMPLETE 300 QUESTIONS AND CORRECT ANSWERS
✓ ALREADY GRADED A+
ILLINOIS LEASING AGENT EXAM A
A licensee seeking an apartment encountered discrimination based on his age. Which
one of the following statements is correct regarding the real estate recovery fund?
a- the licensee may not file a complaint with IDFPR because of the real estate
recovery fund is for members of the general public and not licensees.
b- the licensee may not file a complaint because there is no witness to the
discrimination when the licensee claims that discrimination took place
1
,Page 2 of 92
c-the licensee may file a complaint and a hearing will be conducted by IDFPR to
determine if any discrimination took place
d- the licensee may file a complaint with IDFPR because the discrimination took place
five years ago and the case was opened within the required time period. - ANSWER>>c
A licensee owns 1% of a residential property that is being advertised for rent. What is
the maximum amount of ownership that a license you can have any property before
disclosure is required? - ANSWER>>There is no minimum or maximum percentage of
ownership that is required.
A student leasing agent was hired on January 15. The sponsoring broker did not
complete the 120 day student permit until January 30. When does the 120 day period
begin? - ANSWER>>The permit begins the day of the sponsoring broker completes the
120 day permit online and IDFPR.
2
,Page 3 of 92
A sponsor card can be issued by a sponsoring broker to a student after they pass the
state exam. Which license category does the sponsor card apply to? -
ANSWER>>Leasing agents, brokers, and managing brokers.
Which of the following is not a violation of the license act? a-failure
to maintain good record keeping.
b-residential leasing agent decides to not renew their lease c-call
mingling money/property of business or personal funds.
d-failure to comply with requests from IDFPR within 30 days. - ANSWER>>b A
managing broker must notify IDFPR in all of the following circumstances except;
a-a branch office was closed b-a new branch office was opened c-a new leasing
agents 45 day permit is due to expire d-corporate office for the company has
relocated - ANSWER>>c
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A listing agent was given a $100 check from another licensee to compensate them for
the lease agreement that they worked on together. Which of the following statements is
correct?
a-it is acceptable because the amount is less than $500 b-it is
acceptable because the amount is less than $250 c-it is
unacceptable because the broker needs to know about this
d-it is unacceptable because it is against the license act to receive payment directly
from another licensee - ANSWER>>d
Sponsoring broker is required to have a written employment agreement with; -
ANSWER>>Licensed residential leasing agents, brokers, and managing brokers.
Which of the following is permitted under the federal fair housing act?
a-advertise property for rent only to a special group b-increase the rent
because an applicant is a minority c-refuse to rent to an individual with poor
4
