ILLINOIS LEASING LICENSE EXAM QS
AND ANSWERS WITH COMPLETE
SOLUTIONS RATED A+||UPDATED
2026
Under Federal law, disclosure of possible lead-based paint hazards is required for
properties built before:
✔✔ Answer: 1978
1st floor lease has expired and tenants remain month-to-month with landlord
agreement:
✔✔ Answer: The tenant has a periodic tenancy
2nd floor tenant still has six months remaining on a one-year lease:
✔✔ Answer: The tenant has an estate for years
3rd floor tenant’s lease expired but refuses to leave after landlord found a higher-
paying tenant:
✔✔ Answer: The tenant has an estate at sufferance
Under the Illinois Human Rights Act an elderly person is any person or persons
over the age of: -ANSWER ✔✔40
When you pass your state exam, you must register with a broker -ANSWER
✔✔within 1 year
All security deposits must be placed in an escrow account... -ANSWER ✔✔By the
broker of the leasing agent representing the lessor.
AND ANSWERS WITH COMPLETE
SOLUTIONS RATED A+||UPDATED
2026
Under Federal law, disclosure of possible lead-based paint hazards is required for
properties built before:
✔✔ Answer: 1978
1st floor lease has expired and tenants remain month-to-month with landlord
agreement:
✔✔ Answer: The tenant has a periodic tenancy
2nd floor tenant still has six months remaining on a one-year lease:
✔✔ Answer: The tenant has an estate for years
3rd floor tenant’s lease expired but refuses to leave after landlord found a higher-
paying tenant:
✔✔ Answer: The tenant has an estate at sufferance
Under the Illinois Human Rights Act an elderly person is any person or persons
over the age of: -ANSWER ✔✔40
When you pass your state exam, you must register with a broker -ANSWER
✔✔within 1 year
All security deposits must be placed in an escrow account... -ANSWER ✔✔By the
broker of the leasing agent representing the lessor.