Illinois Leasing Agent Certification Exam
(2026/2027) – Illinois Complete Leasing
& Real Estate Agent Certification Exam
with Complete Questions & Verified
Answers
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: -CORRECTANSWER Breach
2. In dealing with the public, a licensee: -CORRECTANSWER 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: -CORRECTANSWER could include security deposits as well as
earnest money.
4. An offer may be terminated: -CORRECTANSWER if it is rejected; if it is changed; or
if it is revoked before acceptance.
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: -CORRECTANSWER Steering
, 6. In a lease an owner may hold a future interest in the property known as: -
CORRECTANSWER Reversion are interest
7. Which of the following would be considered a dual agency? -CORRECTANSWER 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: -CORRECTANSWER 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? -CORRECTANSWER The rental agent
should have inquired about the couple's preference for apartments.
10. On Tuesday, the agent received an offer and a check for security deposit from a
renter. The owner accepted and signed the lease at 11 am on Wednesday. The agent
must: -CORRECTANSWER deposit the money in his escrow account by the close of
business on Thursday.
11. The primary requirement of a contract would be: -CORRECTANSWER Offer and
acceptance
(2026/2027) – Illinois Complete Leasing
& Real Estate Agent Certification Exam
with Complete Questions & Verified
Answers
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: -CORRECTANSWER Breach
2. In dealing with the public, a licensee: -CORRECTANSWER 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: -CORRECTANSWER could include security deposits as well as
earnest money.
4. An offer may be terminated: -CORRECTANSWER if it is rejected; if it is changed; or
if it is revoked before acceptance.
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: -CORRECTANSWER Steering
, 6. In a lease an owner may hold a future interest in the property known as: -
CORRECTANSWER Reversion are interest
7. Which of the following would be considered a dual agency? -CORRECTANSWER 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: -CORRECTANSWER 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? -CORRECTANSWER The rental agent
should have inquired about the couple's preference for apartments.
10. On Tuesday, the agent received an offer and a check for security deposit from a
renter. The owner accepted and signed the lease at 11 am on Wednesday. The agent
must: -CORRECTANSWER deposit the money in his escrow account by the close of
business on Thursday.
11. The primary requirement of a contract would be: -CORRECTANSWER Offer and
acceptance
