LEASING AGENT LATEST 2026 MAIN FINAL PAPER
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔Chattels - ✔✔_______ are items of personal property, including tangibles such as
chairs, tables, clothing, money, bonds, and bank accounts. Trade fixtures are included
in this category.
✔✔Cultivated crops such as wheat, corn, vegetables, and fruit are called -
✔✔Emblements
✔✔Emblements - ✔✔Cultivated crops such as wheat, corn, vegetables, and fruit are
called
✔✔When Illinois farmland is sold, it is customary for poessesion to be transferred to
buyer on _______ ___ because it falls after last years crops that have been harvested
and before new crops are planted. - ✔✔March 1st
✔✔march 1st - ✔✔When Illinois farmland is sold, it is customary for poessesion to be
transferred to buyer on _______ ___ because it falls after last years crops that have
been harvested and before new crops are planted.
✔✔Personal property into real property through a process called - ✔✔Annexation
✔✔Annexation - ✔✔Personal property into real property through a process called
✔✔Personal property is conveyed by - ✔✔Bill of sale ( a certificate of transfer of
personal property.)
✔✔Bill of sale ( a certificate of transfer of personal property.) - ✔✔Personal property is
conveyed by
✔✔Question of intent, method of attachment, adaptation to real estate and agreement
are all legal tests to determine if it is a - ✔✔Fixture
✔✔fixture - ✔✔Question of intent, method of attachment, adaptation to real estate and
agreement are all legal tests to determine if it is a
✔✔Another name for trade fixture is - ✔✔Charter fixture
✔✔Another name for trade fixture is - ✔✔Charter fixture
✔✔__________are considered a permanent part of a building - ✔✔Fixtures
, ✔✔___________ ___________ must be removed on or before the last day of lease
term. Tenant responsible for any damage caused by removal of ________
___________. - ✔✔
✔✔Trade fixtures - ✔✔___________ ___________ must be removed on or before the
last day of lease term. Tenant responsible for any damage caused by removal of
________ ___________.
✔✔Personal property that turns into real property does so by - ✔✔Attachment
✔✔Attachment - ✔✔Personal property that turns into real property does so by
✔✔The practice of real estate in Illinois is governed by the ______ __________
_______________ ______ as amended in 2010, and rules established by Illinois
department of financial and professional regulation (IDFPR) - ✔✔Real estate license act
of 2000
✔✔Real estate license act of 2000 - ✔✔The practice of real estate in Illinois is governed
by the ______ __________ _______________ ______ as amended in 2010, and rules
established by Illinois department of financial and professional regulation (IDFPR)
✔✔May offer units with shared common facilities, do not own the units, buy shares of
stock in corporation that holds title to building. - ✔✔Cooperative
✔✔Merge diverse land uses as housing, recreation facilities, and commercial concerns
in one self contained development. - ✔✔Planed unit development (PUDs)
✔✔Often are structured as PUDs , often located in temperate climates and may provide
shopping, recreational opportunities, health care facilities in addition to resedential units.
- ✔✔Retirement communities
✔✔Combine office space, stores, theaters,and apartment units into single vertical
community. MUDs are self contained, offering convenient options(spas,excersise
facialities) to those living there. - ✔✔Highrise developments
✔✔Properties are factories, warehouses, office buildings, hotels, schools, churches,
and other structures that get converted to resedential use. - ✔✔Converted use
✔✔Multiple purchasers to share ownership of single property. Purchase price plus
annual maintenance fee ex:vacation home - ✔✔Time-shares
✔✔Basic costs of owning include PITI which is - ✔✔Mortgage principal, interest,
taxes,insurance
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔Chattels - ✔✔_______ are items of personal property, including tangibles such as
chairs, tables, clothing, money, bonds, and bank accounts. Trade fixtures are included
in this category.
✔✔Cultivated crops such as wheat, corn, vegetables, and fruit are called -
✔✔Emblements
✔✔Emblements - ✔✔Cultivated crops such as wheat, corn, vegetables, and fruit are
called
✔✔When Illinois farmland is sold, it is customary for poessesion to be transferred to
buyer on _______ ___ because it falls after last years crops that have been harvested
and before new crops are planted. - ✔✔March 1st
✔✔march 1st - ✔✔When Illinois farmland is sold, it is customary for poessesion to be
transferred to buyer on _______ ___ because it falls after last years crops that have
been harvested and before new crops are planted.
✔✔Personal property into real property through a process called - ✔✔Annexation
✔✔Annexation - ✔✔Personal property into real property through a process called
✔✔Personal property is conveyed by - ✔✔Bill of sale ( a certificate of transfer of
personal property.)
✔✔Bill of sale ( a certificate of transfer of personal property.) - ✔✔Personal property is
conveyed by
✔✔Question of intent, method of attachment, adaptation to real estate and agreement
are all legal tests to determine if it is a - ✔✔Fixture
✔✔fixture - ✔✔Question of intent, method of attachment, adaptation to real estate and
agreement are all legal tests to determine if it is a
✔✔Another name for trade fixture is - ✔✔Charter fixture
✔✔Another name for trade fixture is - ✔✔Charter fixture
✔✔__________are considered a permanent part of a building - ✔✔Fixtures
, ✔✔___________ ___________ must be removed on or before the last day of lease
term. Tenant responsible for any damage caused by removal of ________
___________. - ✔✔
✔✔Trade fixtures - ✔✔___________ ___________ must be removed on or before the
last day of lease term. Tenant responsible for any damage caused by removal of
________ ___________.
✔✔Personal property that turns into real property does so by - ✔✔Attachment
✔✔Attachment - ✔✔Personal property that turns into real property does so by
✔✔The practice of real estate in Illinois is governed by the ______ __________
_______________ ______ as amended in 2010, and rules established by Illinois
department of financial and professional regulation (IDFPR) - ✔✔Real estate license act
of 2000
✔✔Real estate license act of 2000 - ✔✔The practice of real estate in Illinois is governed
by the ______ __________ _______________ ______ as amended in 2010, and rules
established by Illinois department of financial and professional regulation (IDFPR)
✔✔May offer units with shared common facilities, do not own the units, buy shares of
stock in corporation that holds title to building. - ✔✔Cooperative
✔✔Merge diverse land uses as housing, recreation facilities, and commercial concerns
in one self contained development. - ✔✔Planed unit development (PUDs)
✔✔Often are structured as PUDs , often located in temperate climates and may provide
shopping, recreational opportunities, health care facilities in addition to resedential units.
- ✔✔Retirement communities
✔✔Combine office space, stores, theaters,and apartment units into single vertical
community. MUDs are self contained, offering convenient options(spas,excersise
facialities) to those living there. - ✔✔Highrise developments
✔✔Properties are factories, warehouses, office buildings, hotels, schools, churches,
and other structures that get converted to resedential use. - ✔✔Converted use
✔✔Multiple purchasers to share ownership of single property. Purchase price plus
annual maintenance fee ex:vacation home - ✔✔Time-shares
✔✔Basic costs of owning include PITI which is - ✔✔Mortgage principal, interest,
taxes,insurance
