ILLINOIS LEASING AGENT EXAMS 2025| 2 LATEST EXAM
VERSIONS (VERSION A AND B) 150 REAL EXAM
QUESTIONS AND CORRECT ANSWERS
|ALREADY GRADED A+
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.
b- the licensee may not file a complaint because there is
no witness to the discrimination when the licensee
claims that discrimination took place
c-the licensee may file a complaint and a hearing will
be conducted by IDFPR to determine if any
discrimination took place
d- the licensee may file a complaint with IDFPR
because the discrimination took place five years ago
,and the case was opened within the required time
period. - CORRECT ANS✔✔. c
A licensee owns 1% of a residential property that is
being advertised for rent. What is the maximum amount
of ownership that a license you can have any property
before disclosure is required? - CORRECT
ANS✔✔....There is no minimum or maximum
percentage of ownership that is required.
A student leasing agent was hired on January 15. The
sponsoring broker did not complete the 120 day student
permit until January 30. When does the 120 day period
begin? - CORRECT ANS✔✔....The permit begins the
day of the sponsoring broker completes the 120 day
permit online and IDFPR.
,A sponsor card can be issued by a sponsoring broker to
a student after they pass the state exam. Which license
category does the sponsor card apply to? -
CORRECT ANS✔✔....Leasing agents, brokers, and
managing brokers.
Which of the following is not a violation of the license
act?
a-failure to maintain good record keeping.
b-residential leasing agent decides to not renew their
lease
c-call mingling money/property of business or personal
funds.
, d-failure to comply with requests from IDFPR within
30 days. - CORRECT ANS✔✔. b
A managing broker must notify IDFPR in all of the
following circumstances except;
a-a branch office was closed
b-a new branch office was opened
c-a new leasing agents 45 day permit is due to expire
d-corporate office for the company has relocated -
CORRECT ANS✔✔. c
A listing agent was given a $100 check from another
licensee to compensate them for the lease agreement
that they worked on together. Which of the following
statements is correct?
a- it is acceptable because the amount is less than $500
b- it is acceptable because the amount is less than $250
VERSIONS (VERSION A AND B) 150 REAL EXAM
QUESTIONS AND CORRECT ANSWERS
|ALREADY GRADED A+
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.
b- the licensee may not file a complaint because there is
no witness to the discrimination when the licensee
claims that discrimination took place
c-the licensee may file a complaint and a hearing will
be conducted by IDFPR to determine if any
discrimination took place
d- the licensee may file a complaint with IDFPR
because the discrimination took place five years ago
,and the case was opened within the required time
period. - CORRECT ANS✔✔. c
A licensee owns 1% of a residential property that is
being advertised for rent. What is the maximum amount
of ownership that a license you can have any property
before disclosure is required? - CORRECT
ANS✔✔....There is no minimum or maximum
percentage of ownership that is required.
A student leasing agent was hired on January 15. The
sponsoring broker did not complete the 120 day student
permit until January 30. When does the 120 day period
begin? - CORRECT ANS✔✔....The permit begins the
day of the sponsoring broker completes the 120 day
permit online and IDFPR.
,A sponsor card can be issued by a sponsoring broker to
a student after they pass the state exam. Which license
category does the sponsor card apply to? -
CORRECT ANS✔✔....Leasing agents, brokers, and
managing brokers.
Which of the following is not a violation of the license
act?
a-failure to maintain good record keeping.
b-residential leasing agent decides to not renew their
lease
c-call mingling money/property of business or personal
funds.
, d-failure to comply with requests from IDFPR within
30 days. - CORRECT ANS✔✔. b
A managing broker must notify IDFPR in all of the
following circumstances except;
a-a branch office was closed
b-a new branch office was opened
c-a new leasing agents 45 day permit is due to expire
d-corporate office for the company has relocated -
CORRECT ANS✔✔. c
A listing agent was given a $100 check from another
licensee to compensate them for the lease agreement
that they worked on together. Which of the following
statements is correct?
a- it is acceptable because the amount is less than $500
b- it is acceptable because the amount is less than $250
