Illinois Residential Leasing Agent License
Exam (2026/2027) | Recent Questions |
100% Accurate Answers | A+ Verified
• The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years -✓✓A) Even numbered years
• Sponsoring brokers must submit the 45 day sponsor card to IDFPR within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
d) 48 hours of employment -✓✓B) 24 hours of employment
• Leasing Agent licensees must complete how many hours of continuing education
during the 24 month period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
d) 8 hours of continuing education -✓✓D) 8 hours of continuing education
• The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee violations
b) A fund at IDFPR to reimburse persons who suffer loss due to licensee's actions
,c) A fund that every sponsoring broker is required to keep in case of violations
d) A fund at the local Realtor Association to discipline licensees -✓✓B) A fund at
IDFPR to reimburse persons who suffer a loss due to a licensee's actions
• The general requirements for a Residential Leasing Agent to obtain a license
include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
C) Applicant must have a sponsoring broker or broker firm
D) All of the above -✓✓D) All of the above
• Which of the following is TRUE as it relates to the licensing of Residential
Leasing Agents?
A) Leasing agents may engage in either sales or rental of all property types
B) Leasing agents may engage in only the sale of residential property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker or broker firm -✓✓D) All
licensed leasing agents must be sponsored by a broker or broker firm
• The Residential Leasing Agent license allows the licensee to engage in:
A) Only residential leasing activities for which a license is required by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing -✓✓A) Only residential activities for
which a license if required by IDFPR
• Disciplinary actions for leasing agents:
,A) Shall be less than that which is levied on other licensees
B) Shall conform with disciplinary actions for all licensees
C) Are established by the broker
D) Are established by Illinois Realtors -✓✓B) Shall conform with disciplinary
actions for all licensees
• An applicant shall not practice as a Student Leasing Agent:
A) More than once in a 24-month period
B) More than once a year
C) More than once
D) More than once in a 36-month period -✓✓C) More than once
• 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 an 180 days student permit -✓✓C) It is a temporary 45-day permit issued
by the sponsoring broker
• The Real Estate Recovery Fund is maintained by IDFPR. Who is eligible to
collect damages from this account?
A) Leasing agents who have been discriminated against by their broker
B) Brokers who feel their offices have been treated unfairly by IDFPR
C) Any person who filed a complaint with IDFPR
D) Any person who suffered a loss based on a licensee's conduct, as determined by
IDFPR -✓✓D) Any person who suffered a loss based on a licensee's conduct, as
determined by IDFPR
, • How many times may a person take the state leasing exam before they have to
repeat the course again?
A) 2 times
B) 3 times
C) 4 times
D) No limit -✓✓C) 4 times
• The department of Financial and Professional Regulation requires escrow records
to be maintained by the sponsoring broker for:
A) 2 years
B) 3 years
C) 4 years
D) 5 years -✓✓D) 5 years
• When must escrow money be deposited by the sponsoring broker?
A) No later than 24 hours after receipt
B) No later than the next week following the transaction
C) No later than the next business day following the transaction
D) No time limit at all -✓✓C) No later than the next business day following the
transaction
• Where is the original license for a leasing agent kept?
A) In the licensee's office
B) In the sponsoring broker's principal office
C) In one of the sponsoring broker's branch offices
Exam (2026/2027) | Recent Questions |
100% Accurate Answers | A+ Verified
• The leasing agent license shall expire on July 31st of
a) Even numbered years
b) Odd numbered years
c) Each year
d) Every three years -✓✓A) Even numbered years
• Sponsoring brokers must submit the 45 day sponsor card to IDFPR within:
a) 12 hours of employment
b) 24 hours of employment
c) 36 hours of employment
d) 48 hours of employment -✓✓B) 24 hours of employment
• Leasing Agent licensees must complete how many hours of continuing education
during the 24 month period prior renewal:
a) 12 hours of continuing education
b) 15 hours of continuing education
c) 3 hours of continuing education
d) 8 hours of continuing education -✓✓D) 8 hours of continuing education
• The Real Estate Recovery Fund is
a) A fund maintained by the broker for licensee violations
b) A fund at IDFPR to reimburse persons who suffer loss due to licensee's actions
,c) A fund that every sponsoring broker is required to keep in case of violations
d) A fund at the local Realtor Association to discipline licensees -✓✓B) A fund at
IDFPR to reimburse persons who suffer a loss due to a licensee's actions
• The general requirements for a Residential Leasing Agent to obtain a license
include:
A) Applicant must be 18 years of age
B) Applicant must have a high school diploma of GED
C) Applicant must have a sponsoring broker or broker firm
D) All of the above -✓✓D) All of the above
• Which of the following is TRUE as it relates to the licensing of Residential
Leasing Agents?
A) Leasing agents may engage in either sales or rental of all property types
B) Leasing agents may engage in only the sale of residential property
C) All leasing agent applicants must be 21 years of age
D) All licensed agents must be sponsored by a broker or broker firm -✓✓D) All
licensed leasing agents must be sponsored by a broker or broker firm
• The Residential Leasing Agent license allows the licensee to engage in:
A) Only residential leasing activities for which a license is required by IDFPR
B) The sale of commercial real estate
C) Only HUD related residential estate
D) Shopping center management and leasing -✓✓A) Only residential activities for
which a license if required by IDFPR
• Disciplinary actions for leasing agents:
,A) Shall be less than that which is levied on other licensees
B) Shall conform with disciplinary actions for all licensees
C) Are established by the broker
D) Are established by Illinois Realtors -✓✓B) Shall conform with disciplinary
actions for all licensees
• An applicant shall not practice as a Student Leasing Agent:
A) More than once in a 24-month period
B) More than once a year
C) More than once
D) More than once in a 36-month period -✓✓C) More than once
• 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 an 180 days student permit -✓✓C) It is a temporary 45-day permit issued
by the sponsoring broker
• The Real Estate Recovery Fund is maintained by IDFPR. Who is eligible to
collect damages from this account?
A) Leasing agents who have been discriminated against by their broker
B) Brokers who feel their offices have been treated unfairly by IDFPR
C) Any person who filed a complaint with IDFPR
D) Any person who suffered a loss based on a licensee's conduct, as determined by
IDFPR -✓✓D) Any person who suffered a loss based on a licensee's conduct, as
determined by IDFPR
, • How many times may a person take the state leasing exam before they have to
repeat the course again?
A) 2 times
B) 3 times
C) 4 times
D) No limit -✓✓C) 4 times
• The department of Financial and Professional Regulation requires escrow records
to be maintained by the sponsoring broker for:
A) 2 years
B) 3 years
C) 4 years
D) 5 years -✓✓D) 5 years
• When must escrow money be deposited by the sponsoring broker?
A) No later than 24 hours after receipt
B) No later than the next week following the transaction
C) No later than the next business day following the transaction
D) No time limit at all -✓✓C) No later than the next business day following the
transaction
• Where is the original license for a leasing agent kept?
A) In the licensee's office
B) In the sponsoring broker's principal office
C) In one of the sponsoring broker's branch offices
