ILLINOIS LEASING AGENT exam prep Test
Questions 100% Correct Answers latest
version, top-rated A+
the leasing agent license shall expire on July 31st of:
even numbered years
sponsoring brokers must submit the 45 day sponsor card to
IDFPR within:
24 hours of employment
leasing agent licensees must complete how many hours of
containing education during the 24 month period prior
renewal:
8 hours of continuing education
The real estate recovery fund is:
a fund at IDFPR to reimburse persons who suffer loss due to a
licensees actions.
The general requirements for a residential leasing agent to
obtain a license include:
applicant must be 18 years of age, must have a highschool
diploma or GED, must have a sponsoring broker or firm.
True or False; All licensed agents must be sponsored by a
sponsored broker or firm?
true
True or False; Leasing agents must be 21 years of age and
only engage in the sale of residential property?
false
Disciplinary actions for leasing agents:
Shall conform with disciplainary actions for licensed real estate
brokers
An applicant shall not practice as a student leasing agent
_____________.
more than once in a 24 month period.
, Which of the following is true about sponsor cards?
a-sponsor cards are only issued for residential leasing
agents
b-all sponsor cards are issued by IDFPR
c- It is a temporary 45 day permit issued by the sponsoring
broker
d-it is a 180day student permit
c
The real estate recovery fund is maintained by IDFPR, who is
eligible to collect damages from this account?
Any person who suffered a loss based on a licensees conduct.
How many times can a person take the state licensing exam
before they have to repeat the course again?
4 times
the IDFPR requires escrow records to be maintained by the
sponsoring broker:
5 years
When must escrow money be deposited by the sponsoring
broker?
No later than the next business day following the transaction.
Where is the original license for a leasing agent kept?
In the sponsoring brokers principal office
Mary is sponsoring broker, she was found guilty of a license
act violation. Her license was suspended. What is the status
of the licenses that were sponsored by Mary?
All sponsored licensees immediately go into inactive status.
Which of the following is not a blind ad?
An advertisement for rental property with the brokerage company
name and phone number listed on the ad.
A licensee seeking an apartment encountered discrimination
based on his age. Which one of the following statements is
correct regarding the real estate recovery fund?
a- the licensee may not file a complaint with IDFPR because
of the real estate recovery fund is for members of the general
public and not licensees.
Questions 100% Correct Answers latest
version, top-rated A+
the leasing agent license shall expire on July 31st of:
even numbered years
sponsoring brokers must submit the 45 day sponsor card to
IDFPR within:
24 hours of employment
leasing agent licensees must complete how many hours of
containing education during the 24 month period prior
renewal:
8 hours of continuing education
The real estate recovery fund is:
a fund at IDFPR to reimburse persons who suffer loss due to a
licensees actions.
The general requirements for a residential leasing agent to
obtain a license include:
applicant must be 18 years of age, must have a highschool
diploma or GED, must have a sponsoring broker or firm.
True or False; All licensed agents must be sponsored by a
sponsored broker or firm?
true
True or False; Leasing agents must be 21 years of age and
only engage in the sale of residential property?
false
Disciplinary actions for leasing agents:
Shall conform with disciplainary actions for licensed real estate
brokers
An applicant shall not practice as a student leasing agent
_____________.
more than once in a 24 month period.
, Which of the following is true about sponsor cards?
a-sponsor cards are only issued for residential leasing
agents
b-all sponsor cards are issued by IDFPR
c- It is a temporary 45 day permit issued by the sponsoring
broker
d-it is a 180day student permit
c
The real estate recovery fund is maintained by IDFPR, who is
eligible to collect damages from this account?
Any person who suffered a loss based on a licensees conduct.
How many times can a person take the state licensing exam
before they have to repeat the course again?
4 times
the IDFPR requires escrow records to be maintained by the
sponsoring broker:
5 years
When must escrow money be deposited by the sponsoring
broker?
No later than the next business day following the transaction.
Where is the original license for a leasing agent kept?
In the sponsoring brokers principal office
Mary is sponsoring broker, she was found guilty of a license
act violation. Her license was suspended. What is the status
of the licenses that were sponsored by Mary?
All sponsored licensees immediately go into inactive status.
Which of the following is not a blind ad?
An advertisement for rental property with the brokerage company
name and phone number listed on the ad.
A licensee seeking an apartment encountered discrimination
based on his age. Which one of the following statements is
correct regarding the real estate recovery fund?
a- the licensee may not file a complaint with IDFPR because
of the real estate recovery fund is for members of the general
public and not licensees.
