LEASING AGENT LATEST 2026 TEST PAPER QUESTIONS
AND SOLUTIONS GUARANTEE A+
✔✔Disclosure of licensee status must be given whenever the licensee is: - ✔✔selling,
renting, or buying property
✔✔Upon renewal of a leasing license, the licensee must: - ✔✔Pay the renewal fee and
indicate whether they met CE
requirements
✔✔The fine for 1st offense "commingling" is: - ✔✔Not to exceed $2,000
✔✔IDFPR can revoke a licensee's license without a hearing if: - ✔✔he public's interest
or safety is involved
✔✔If a licensee has a complaint filed against them for a violation of the license act, who
will conduct a hearing and investigation? - ✔✔IDFPR
✔✔When does the leasing agent license expire? - ✔✔July of even numbered years
✔✔Commingling is: - ✔✔Mixing of clients' funds with a licensee's personal funds
✔✔A example of a stigmatized property is: - ✔✔A factor or event that does not affect
the physical
condition of the property, A murder or suicide, A previous occupant with HIV or AIDS
✔✔Which fair housing Act includes a provision for senior housing? - ✔✔Fair Housing
Amendments Act of 1988
✔✔Sexual orientation and Order of Protection were added to which Act? - ✔✔Illinois
Human Rights Act
✔✔An example of a "reasonable accommodation" is: - ✔✔Providing a tenant a
handicapped parking space
✔✔An example of a "reasonable modification" is: - ✔✔Widening a doorway
✔✔An occupancy standard establishes the: - ✔✔The maximum number of occupants
✔✔Redlining is an illegal practice done by: - ✔✔Lending institutions
✔✔Persons with disabilities are protected under which Act? - ✔✔Fair Housing
Amendments Act of 1988
, ✔✔Escrow monies must be placed in what type of account (unless the parties agree
otherwise)? - ✔✔Non-interest bearing account
✔✔An office property refuses to rent to minorities. Which Act does this violate? -
✔✔Civil Rights Act of 1866
✔✔Discriminatory ads show: - ✔✔A preference for certain types of people, Photos of
one particular race, color or national origin, A violation of fair housing laws
✔✔Advertising a property as an "adult community" is prohibited: - ✔✔Unless the
prospect is in compliance with federal guidelines
for senior housing
✔✔Which of the following phrases should be avoided to minimize fair housing
complaints? - ✔✔Mature people only
✔✔Which of the following is acceptable in advertising? - ✔✔Controlled access
✔✔a residential lease is what type of contract? - ✔✔Bilateral
✔✔Which of the following is not an essential element to a lease? - ✔✔Must be in writing
✔✔Depending on the circumstances, a lease can be: - ✔✔valid, void, voidable
✔✔What could make a lease unenforceable in court? - ✔✔Purpose is illegal
✔✔"Reality of Consent" means: - ✔✔A person understands the terms of the contract
✔✔The Residential Real Property Disclosure Act applies to how many units? - ✔✔4 or
less units
✔✔The presence of lead based paint must be disclosed if a property was built prior to
what year? - ✔✔1978
✔✔Another name for "holdover tenant" is: - ✔✔Tenancy at Sufferance
✔✔The acronym for the duties of a fiduciary is: - ✔✔COLAN
✔✔Dual agency is when a licensee: - ✔✔Represents both the buyer and seller in the
same transaction
✔✔Agency can be terminated by all of the following except: - ✔✔Disclosure
AND SOLUTIONS GUARANTEE A+
✔✔Disclosure of licensee status must be given whenever the licensee is: - ✔✔selling,
renting, or buying property
✔✔Upon renewal of a leasing license, the licensee must: - ✔✔Pay the renewal fee and
indicate whether they met CE
requirements
✔✔The fine for 1st offense "commingling" is: - ✔✔Not to exceed $2,000
✔✔IDFPR can revoke a licensee's license without a hearing if: - ✔✔he public's interest
or safety is involved
✔✔If a licensee has a complaint filed against them for a violation of the license act, who
will conduct a hearing and investigation? - ✔✔IDFPR
✔✔When does the leasing agent license expire? - ✔✔July of even numbered years
✔✔Commingling is: - ✔✔Mixing of clients' funds with a licensee's personal funds
✔✔A example of a stigmatized property is: - ✔✔A factor or event that does not affect
the physical
condition of the property, A murder or suicide, A previous occupant with HIV or AIDS
✔✔Which fair housing Act includes a provision for senior housing? - ✔✔Fair Housing
Amendments Act of 1988
✔✔Sexual orientation and Order of Protection were added to which Act? - ✔✔Illinois
Human Rights Act
✔✔An example of a "reasonable accommodation" is: - ✔✔Providing a tenant a
handicapped parking space
✔✔An example of a "reasonable modification" is: - ✔✔Widening a doorway
✔✔An occupancy standard establishes the: - ✔✔The maximum number of occupants
✔✔Redlining is an illegal practice done by: - ✔✔Lending institutions
✔✔Persons with disabilities are protected under which Act? - ✔✔Fair Housing
Amendments Act of 1988
, ✔✔Escrow monies must be placed in what type of account (unless the parties agree
otherwise)? - ✔✔Non-interest bearing account
✔✔An office property refuses to rent to minorities. Which Act does this violate? -
✔✔Civil Rights Act of 1866
✔✔Discriminatory ads show: - ✔✔A preference for certain types of people, Photos of
one particular race, color or national origin, A violation of fair housing laws
✔✔Advertising a property as an "adult community" is prohibited: - ✔✔Unless the
prospect is in compliance with federal guidelines
for senior housing
✔✔Which of the following phrases should be avoided to minimize fair housing
complaints? - ✔✔Mature people only
✔✔Which of the following is acceptable in advertising? - ✔✔Controlled access
✔✔a residential lease is what type of contract? - ✔✔Bilateral
✔✔Which of the following is not an essential element to a lease? - ✔✔Must be in writing
✔✔Depending on the circumstances, a lease can be: - ✔✔valid, void, voidable
✔✔What could make a lease unenforceable in court? - ✔✔Purpose is illegal
✔✔"Reality of Consent" means: - ✔✔A person understands the terms of the contract
✔✔The Residential Real Property Disclosure Act applies to how many units? - ✔✔4 or
less units
✔✔The presence of lead based paint must be disclosed if a property was built prior to
what year? - ✔✔1978
✔✔Another name for "holdover tenant" is: - ✔✔Tenancy at Sufferance
✔✔The acronym for the duties of a fiduciary is: - ✔✔COLAN
✔✔Dual agency is when a licensee: - ✔✔Represents both the buyer and seller in the
same transaction
✔✔Agency can be terminated by all of the following except: - ✔✔Disclosure
