Illinois leasing agent practice
exam questions and answers.
1. The lease contract stated that the renters would bring in the
security deposit within five days. It is now the sixth day and the
renters have not brought in the money. This is legally referred to
as: - n
Ans ✔✔
Breach
Qs
2. In dealing with the public, a licensee: - n
Ans ✔✔
may keep silent about a material fact concerning the property if
the client is the owner. d) may negotiate different commissions
with different owners.
Qs
3. Escrow monies: - n
Ans ✔✔
could include security deposits as well as earnest money.
Qs
4. An offer may be terminated: - n
Ans ✔✔
if it is rejected; if it is changed; or if it is revoked before
acceptance.
, Qs
A property management company runs a complex of several
buildings, all belonging to the same owner and on the same
parcel of land. At the owner's request, the manager has made
apartments available to families with children in just two of the
buildings. This practice is: - n
Ans ✔✔
Steering
Qs
6. In a lease an owner may hold a future interest in the property
known as: - n
Ans ✔✔
Reversion are interest
Qs
7. Which of the following would be considered a dual agency? - n
Ans ✔✔
A licensee is representing both landlord and tenant in the same
transaction.
Qs
8. To be enforced, the Statute of Frauds requires that all
contracts for the sale or lease of real estate be: - n
Ans ✔✔
In writing
exam questions and answers.
1. The lease contract stated that the renters would bring in the
security deposit within five days. It is now the sixth day and the
renters have not brought in the money. This is legally referred to
as: - n
Ans ✔✔
Breach
Qs
2. In dealing with the public, a licensee: - n
Ans ✔✔
may keep silent about a material fact concerning the property if
the client is the owner. d) may negotiate different commissions
with different owners.
Qs
3. Escrow monies: - n
Ans ✔✔
could include security deposits as well as earnest money.
Qs
4. An offer may be terminated: - n
Ans ✔✔
if it is rejected; if it is changed; or if it is revoked before
acceptance.
, Qs
A property management company runs a complex of several
buildings, all belonging to the same owner and on the same
parcel of land. At the owner's request, the manager has made
apartments available to families with children in just two of the
buildings. This practice is: - n
Ans ✔✔
Steering
Qs
6. In a lease an owner may hold a future interest in the property
known as: - n
Ans ✔✔
Reversion are interest
Qs
7. Which of the following would be considered a dual agency? - n
Ans ✔✔
A licensee is representing both landlord and tenant in the same
transaction.
Qs
8. To be enforced, the Statute of Frauds requires that all
contracts for the sale or lease of real estate be: - n
Ans ✔✔
In writing
