ILLINOIS LEASING LICENSE EXAM QS
WITH COMPLETE SOLUTIONS
ALREADY PASSED!!!
Question 1: Under federal law (Title X), real estate brokers and property owners
must provide a mandatory lead-based paint disclosure form to buyers or tenants for
any residential properties constructed prior to what year?
A) 1968
B) 1974
C) 1978 ✔✔
D) 1986
Question 2: A commercial tenant’s initial one-year lease on a first-floor space has
expired, but they continue to occupy the property and pay rent under an agreement
with the landlord to continue on a month-to-month basis. What type of leasehold
estate does this tenant currently possess?
A) Estate for years
B) Periodic tenancy ✔✔
C) Estate at will
D) Tenancy at sufferance
Question 3: A second-floor tenant is currently six months into a signed, fixed-
term, one-year residential lease. Because this lease has a specific, predetermined
beginning and ending date, it is legally classified as an:
A) Estate for years (or Tenancy for years) ✔✔
B) Periodic tenancy
C) Estate at sufferance
D) Life estate pur autre vie
WITH COMPLETE SOLUTIONS
ALREADY PASSED!!!
Question 1: Under federal law (Title X), real estate brokers and property owners
must provide a mandatory lead-based paint disclosure form to buyers or tenants for
any residential properties constructed prior to what year?
A) 1968
B) 1974
C) 1978 ✔✔
D) 1986
Question 2: A commercial tenant’s initial one-year lease on a first-floor space has
expired, but they continue to occupy the property and pay rent under an agreement
with the landlord to continue on a month-to-month basis. What type of leasehold
estate does this tenant currently possess?
A) Estate for years
B) Periodic tenancy ✔✔
C) Estate at will
D) Tenancy at sufferance
Question 3: A second-floor tenant is currently six months into a signed, fixed-
term, one-year residential lease. Because this lease has a specific, predetermined
beginning and ending date, it is legally classified as an:
A) Estate for years (or Tenancy for years) ✔✔
B) Periodic tenancy
C) Estate at sufferance
D) Life estate pur autre vie