Leasing Agent Exam Questions and
Answers 100% Solved | Graded A+
The statue of fraud in Illinois states:
a. All leases must be in writing.
b. Leases for less than a year are enforceable if oral, even if they cannot be
completed within a year of their making.
C. Contracts entered into by minors are void.
d. That leases for more than a year or that cannot be completed within a
year of their making must be in writing to be enforceable. - ✔✔a. All leases
must be in writing.
George rents an apartment signing a lease for one year, starting October
1st. He pays the 1st month's rent and pays an amount equal to one
month's rent as a security deposit. If, after 4 months, George moves out of
the apartment having paid rent for the full 4 months...
a. George is responsible for the rent for the remaining 8 months only..
b George is responsible for the remaining rent plus the security deposit.
C.George is not responsible for the remaining 8 months if he had to move
to
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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,another city and had no choice.
d. George is responsible for the rent plus any expense incurred to re-rent
the
apartment for the remaining 8 months, less the amount of rent the landlord
collects from a new tenant during the remaining term of the lease. - ✔✔a.
George is responsible for the rent for the remaining 8 months only..
A tenant has signed a lease for 1 month starting October 1st and ending
October
31st. The lease is an:
a. Estate from period to period
b. Estate for years
c. Estate at sufferance
d. Estate at will - ✔✔b. Estate for years
Under the Illinois Law of Agency...
a. Only the lessee can be your principal.
b. Only the lessor can be your principal.
30 85
c. You can represent either the lessee or the lessor.
d. You can represent both the lessor and the lessee provided that you
make proper disclosure and obtain written consent from each. - ✔✔d. You
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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, can represent both the lessor and the lessee provided that you make
proper disclosure and obtain written consent from each.
Any personal property being rented with the lease should be mentioned in
the lease. These items would include:
a. The water heater
b. The furnace
c. The stove and the refrigerator
d. The light fixtures - ✔✔d. The light fixtures
The majority of residential leases are:
a. Gross leases
b. Net leases
c. Triple net leases
d. Percentage leases - ✔✔b. Net leases
It is unlawful to provide in a residential lease:
a. That pets are not allowed on the premises
b. That smoking is not allowed within the leased premises
c. That service animals are prohibited upon the premises, whether they
belong to a tenant or a tenant's visitor.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Answers 100% Solved | Graded A+
The statue of fraud in Illinois states:
a. All leases must be in writing.
b. Leases for less than a year are enforceable if oral, even if they cannot be
completed within a year of their making.
C. Contracts entered into by minors are void.
d. That leases for more than a year or that cannot be completed within a
year of their making must be in writing to be enforceable. - ✔✔a. All leases
must be in writing.
George rents an apartment signing a lease for one year, starting October
1st. He pays the 1st month's rent and pays an amount equal to one
month's rent as a security deposit. If, after 4 months, George moves out of
the apartment having paid rent for the full 4 months...
a. George is responsible for the rent for the remaining 8 months only..
b George is responsible for the remaining rent plus the security deposit.
C.George is not responsible for the remaining 8 months if he had to move
to
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,another city and had no choice.
d. George is responsible for the rent plus any expense incurred to re-rent
the
apartment for the remaining 8 months, less the amount of rent the landlord
collects from a new tenant during the remaining term of the lease. - ✔✔a.
George is responsible for the rent for the remaining 8 months only..
A tenant has signed a lease for 1 month starting October 1st and ending
October
31st. The lease is an:
a. Estate from period to period
b. Estate for years
c. Estate at sufferance
d. Estate at will - ✔✔b. Estate for years
Under the Illinois Law of Agency...
a. Only the lessee can be your principal.
b. Only the lessor can be your principal.
30 85
c. You can represent either the lessee or the lessor.
d. You can represent both the lessor and the lessee provided that you
make proper disclosure and obtain written consent from each. - ✔✔d. You
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, can represent both the lessor and the lessee provided that you make
proper disclosure and obtain written consent from each.
Any personal property being rented with the lease should be mentioned in
the lease. These items would include:
a. The water heater
b. The furnace
c. The stove and the refrigerator
d. The light fixtures - ✔✔d. The light fixtures
The majority of residential leases are:
a. Gross leases
b. Net leases
c. Triple net leases
d. Percentage leases - ✔✔b. Net leases
It is unlawful to provide in a residential lease:
a. That pets are not allowed on the premises
b. That smoking is not allowed within the leased premises
c. That service animals are prohibited upon the premises, whether they
belong to a tenant or a tenant's visitor.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
