Leasing Exam Questions and Answers
100% Solved | Graded A+
In Illinois for over 25 units, a tenant is entitled to interest on their security
deposit was held for how many months? - ✔✔6
Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites -
✔✔felons living onsite
What was the date of the first civil rights act? - ✔✔1866
Is it permissable to refuse to rent to a person with a poor credit history? -
✔✔yes
Who is acceptable to redline? - ✔✔lending institutions
Is occupancy standard a federal law or guideline? - ✔✔guideline
Directing people, especially minorities, toward a specific neighborhood is
called what? - ✔✔steering
The definition of familial status is residents over the age of 18. True or
False? - ✔✔false
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, A licensee advertises a 15 year old building as new. This is called what? -
✔✔fraud
A blind ad means an ad is? - ✔✔missing key information, HAS NOTHING
TO DO W SIZE
Can an unliscensed personal assistant can sit at an open house for area
brokers? - ✔✔yes
When can a tenant claim constructive eviction? - ✔✔when it is
uninhabitable
Where is the leasing agent's original license kept? - ✔✔broker's office or
any branch office
When a leasing agent offers to put an elderly resident in a quiet building
with others, what is this called? - ✔✔steering
A leasing agent refuses to rent a third floor unit to a disabled resident
because there are no elevators in the building. What did the agent violate?
- ✔✔fair housing laws
A lease with an indefinite ending date is called? - ✔✔periodic tenancy
The Residential Disclosure Act applies to? - ✔✔sellers of 4 units or LESS
When are sponsor cards issued and who issues them? - ✔✔24 hours after
license; issued by broker
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
100% Solved | Graded A+
In Illinois for over 25 units, a tenant is entitled to interest on their security
deposit was held for how many months? - ✔✔6
Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites -
✔✔felons living onsite
What was the date of the first civil rights act? - ✔✔1866
Is it permissable to refuse to rent to a person with a poor credit history? -
✔✔yes
Who is acceptable to redline? - ✔✔lending institutions
Is occupancy standard a federal law or guideline? - ✔✔guideline
Directing people, especially minorities, toward a specific neighborhood is
called what? - ✔✔steering
The definition of familial status is residents over the age of 18. True or
False? - ✔✔false
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, A licensee advertises a 15 year old building as new. This is called what? -
✔✔fraud
A blind ad means an ad is? - ✔✔missing key information, HAS NOTHING
TO DO W SIZE
Can an unliscensed personal assistant can sit at an open house for area
brokers? - ✔✔yes
When can a tenant claim constructive eviction? - ✔✔when it is
uninhabitable
Where is the leasing agent's original license kept? - ✔✔broker's office or
any branch office
When a leasing agent offers to put an elderly resident in a quiet building
with others, what is this called? - ✔✔steering
A leasing agent refuses to rent a third floor unit to a disabled resident
because there are no elevators in the building. What did the agent violate?
- ✔✔fair housing laws
A lease with an indefinite ending date is called? - ✔✔periodic tenancy
The Residential Disclosure Act applies to? - ✔✔sellers of 4 units or LESS
When are sponsor cards issued and who issues them? - ✔✔24 hours after
license; issued by broker
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
