Illinois leasing agent chapter 2 questions with verified
answers
A mortgage broker or other settlement service provider can provide food for an
Open House as long as either the mortgage broker is present or provides
materials to promote their own business. T F Ans✓✓✓ True
A property occupant with HIV is considered a stigmatizing factor and can be
disclosed. T F Ans✓✓✓ False
A Residential Real Property Disclosure form must be filled out if the deed is signed
by the executor of the estate. T F Ans✓✓✓ False
Antitrust Ans✓✓✓ Laws designated to preserve the free enterprise of the open
marketplace by forbidding certain private conspiracies and combinations created
to minimize competition.
Any contractor may deal with the removal or encapsulation of lead. T F Ans✓✓✓
False
Brokerage companies are required to have a do-not-call policy even if they do not
engage in cold calling. T F Ans✓✓✓ True
CAN-SPAM Ans✓✓✓ Law that establishes requirements for commercial email,
including eBlasts.
Clients can be required to use a particular settlement service provider under the
RESPA Act. T F Ans✓✓✓ False
, Do-Not-Call Registry Ans✓✓✓ The federal law that allows consumers to register
their phone numbers to alleviate calls from telemarketers.
Fair Credit Reporting Act Ans✓✓✓ The law that spells out the responsibilities of
users of credit information.
Home inspectors will note any visible mold in their report. However, the problem
can be latent (not visible). T F Ans✓✓✓ True
If a caller asks to be taken off your calling list, you must maintain a record of such,
and that request must be honored for three years. T F Ans✓✓✓ False
If a prospect is denied housing, the landlord must provide a letter informing then
why they were denied. T F Ans✓✓✓ True
It's acceptable for leasing agents to make a promise on behalf of the owner they
are representing. T F Ans✓✓✓ False
Landlords of buildings built prior to 1978 must present tenants with a Lead Based
Paint Disclosure along with the lease. It does not need to be completed with a
lease renewal. T F Ans✓✓✓ True
Lead-based Paint Disclosures are required on homes built prior to 1978. T F
Ans✓✓✓ True
answers
A mortgage broker or other settlement service provider can provide food for an
Open House as long as either the mortgage broker is present or provides
materials to promote their own business. T F Ans✓✓✓ True
A property occupant with HIV is considered a stigmatizing factor and can be
disclosed. T F Ans✓✓✓ False
A Residential Real Property Disclosure form must be filled out if the deed is signed
by the executor of the estate. T F Ans✓✓✓ False
Antitrust Ans✓✓✓ Laws designated to preserve the free enterprise of the open
marketplace by forbidding certain private conspiracies and combinations created
to minimize competition.
Any contractor may deal with the removal or encapsulation of lead. T F Ans✓✓✓
False
Brokerage companies are required to have a do-not-call policy even if they do not
engage in cold calling. T F Ans✓✓✓ True
CAN-SPAM Ans✓✓✓ Law that establishes requirements for commercial email,
including eBlasts.
Clients can be required to use a particular settlement service provider under the
RESPA Act. T F Ans✓✓✓ False
, Do-Not-Call Registry Ans✓✓✓ The federal law that allows consumers to register
their phone numbers to alleviate calls from telemarketers.
Fair Credit Reporting Act Ans✓✓✓ The law that spells out the responsibilities of
users of credit information.
Home inspectors will note any visible mold in their report. However, the problem
can be latent (not visible). T F Ans✓✓✓ True
If a caller asks to be taken off your calling list, you must maintain a record of such,
and that request must be honored for three years. T F Ans✓✓✓ False
If a prospect is denied housing, the landlord must provide a letter informing then
why they were denied. T F Ans✓✓✓ True
It's acceptable for leasing agents to make a promise on behalf of the owner they
are representing. T F Ans✓✓✓ False
Landlords of buildings built prior to 1978 must present tenants with a Lead Based
Paint Disclosure along with the lease. It does not need to be completed with a
lease renewal. T F Ans✓✓✓ True
Lead-based Paint Disclosures are required on homes built prior to 1978. T F
Ans✓✓✓ True
