IL Real Estate Broker PSI Practice Exam Questions With Answers

IL /




Real
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Estate Broker PSI Practice Exam Questions
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With Answers
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A licensee was showing property in an eight-
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unit /



complex
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to
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a /



prospective
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tenant
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using
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a /



motorized
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wheelchair.
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The
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tenant wanted to rent a unit, install grab bars in the bathroom, and
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lower
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all
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the
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door
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handles.
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The
/ /

,/ landlord... - // /



/ CORRECT /



/ ANSWERS(S)✔✔Must /



/ allow /



/ the /



/ tenant /



/ to /



/ make /



/ the /



/ modifications /



/ at /



/ the /



/ tenants /



/ expense, /



/ but /



/ can require, by the terms of the lease, restoration of the property
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Which /



of
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the
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following
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is
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the
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best
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description
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of
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a /

,/ fee /



/ simple /



/ estate? - // /



/ CORRECT /



/ ANSWERS(S)✔✔The /



/ most complete ownership in property that one can obtain
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A /



licensee
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plans
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to send out an email offering his services. According to the CAN-
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SPAM /



Act,
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the licensee must - CORRECT ANSWERS(S)✔✔Tell recipients how
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to opt out of receiving future emails
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The /



owner
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of
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an
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apartment
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building
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has
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just
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signed
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an
/ /

, agreement
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with
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a /



real
/ /



estate
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firm.
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Has
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an
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agency
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been
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formed? -
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CORRECT
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ANSWERS(S)✔✔Yes,
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because
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an
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agency
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is
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formed
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whenever
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one
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party
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delegates
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to
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another
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the right to act on his behalf in certain business transactions
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