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Exam (elaborations)

Leasing Agent Final Exam questions with verified answers.

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Leasing Agent Final Exam questions with verified answers.

Institution
Illinois Leasing Agent
Course
Illinois Leasing Agent









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Institution
Illinois Leasing Agent
Course
Illinois Leasing Agent

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Uploaded on
April 5, 2025
Number of pages
10
Written in
2024/2025
Type
Exam (elaborations)
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Leasing Agent Final Exam questions with verified
answers
A building owner hires a professional property manager to lease his apartment
complex. The apartment manager does NOT usually have the authority to:
Ans✓✓✓ Have an apartment remodeled to meet the tenant's specifications


A disabled tenant asks the landlord to pick up their medicine once a week. This
would be an example of a: Ans✓✓✓ Unreasonable accomodation


A disabled tenant wishes to build a ramp to access the building he is renting. The
landlord Ans✓✓✓ Should allow this if the tenant pays for the ramp


A landlord fails to pay the utility bills and the heat is turned off in January. A
tenant can move out and claim: Ans✓✓✓ Constructive eviction


A landlord owns two houses, both built in 1920. She rents one and sells the other.
Regarding leas-based paint disclosures, which statement is correct? Ans✓✓✓
Tenants are not given the 10-day opportunity to test


A landlord wishes to legally remove a tenant who has breached the terms of their
lease. This process is known as a(n): Ans✓✓✓ Eviction


A lease between a landlord and a 16 year old high school student is: Ans✓✓✓
Voidable by the 16 year old

, A leasing agent fails to pay state income tax, child support or their student loan.
What is the most likely penalty they will face from IDFPR? Ans✓✓✓ Suspension
of license


A leasing agent goes over the lease with a prospective tenant explaining all legal
ramifications of each section. What statement is true? Ans✓✓✓ This could be
the unauthorized practice of law.


A leasing agent is showing an apartment to a prospective tenant. They must
disclose what kind of defects? Ans✓✓✓ Latent defects


A leasing agent is showing the landlord's property to a prospective tenant. While
touring the home, the landlord tells the prospect that the basement is dry and has
never flooded. The agent knows that the last tenant had water problems in the
basement. Under this circumstance, what would be the most appropriate action
of this dual agent? Ans✓✓✓ The agent should speak up and correct the
misinformation because the agent owes the notice of material fact to both parties


A leasing agent works for ABC Realty as a property manager. ABC Realty also has a
sales division. The agent has a brother who wants to buy a home and refers him
to the sales division. Which statement is true? Ans✓✓✓ He cannot receive
anything of value for the referral


A likely place where "tenancy at will" might be used would be Ans✓✓✓ between
parents and a child


A limited scope leasing agent license may be obtained with how many classroom
hours? Ans✓✓✓ 15 hours

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