Illinois leasing agent practice exam questions with
verified answers
1. The lease contract stated that the renters would bring in the security deposit
within five days. It is now the sixth day and the renters have not brought in the
money. This is legally referred to as: Ans✓✓✓ Breach
10. On Tuesday, the agent received an offer and a check for security deposit from
a renter. The owner accepted and signed the lease at 11 am on Wednesday. The
agent must: Ans✓✓✓ deposit the money in his escrow account by the close of
business on Thursday.
11. The primary requirement of a contract would be: Ans✓✓✓ Offer and
acceptance
12. Because of the complexity of laws that affect real estate today, a property
manager should be familiar with all of the following EXCEPT: Ans✓✓✓ the "Blue-
Sky" laws.
13. If a complaint goes to the federal courts based on the Civil Rights Act of 1866,
the complaint would be that there was discrimination based on: Ans✓✓✓ Race
14. When a tenant, who has a written lease with the owner, sublets all or any part
of the premises: Ans✓✓✓ the original lease is unaffected unless it contains a
provision that prohibits such subletting.
15. Which of the following people may discriminate on the basis of race?
Ans✓✓✓ No one
, 16. It would be a violation of the antitrust laws for a broker to: a) charge one
owner 7% while charging another 6%. Ans✓✓✓ agree to a minimum commission
with other brokers
17. The building leases prohibit tenants from altering the property in any way.
One tenant is now confined to a wheelchair, and cannot maneuver over the
doorstep into the apartment by herself. Nor can she use the bathroom facilities in
her wheelchair. Which of the following is true? Ans✓✓✓ The tenant is entitled
to make the necessary alterations.
18. Which of the following is illegal? Ans✓✓✓ Refusing to hire an otherwise
qualified person because a disability will necessitate occasional time off work.
19. The amount of security deposit in a contract for the lease of real property is
determined by: Ans✓✓✓ Agreement of the parties.
2. In dealing with the public, a licensee: Ans✓✓✓ may keep silent about a
material fact concerning the property if the client is the owner. d) may negotiate
different commissions with different owners.
20. Broker Doug has an office in Chicago. A licensee with Broker Doug is the
designated agent of the owner. Another licensee with Broker Doug is the
designated agent of the renter. Which of the following statements is true?
Ans✓✓✓ In Illinois, this situation avoids dual agency for the broker.
21. A licensed agent selling or leasing his own home without using his broker's
services may discriminate on the basis of: Ans✓✓✓ Non of the above
verified answers
1. The lease contract stated that the renters would bring in the security deposit
within five days. It is now the sixth day and the renters have not brought in the
money. This is legally referred to as: Ans✓✓✓ Breach
10. On Tuesday, the agent received an offer and a check for security deposit from
a renter. The owner accepted and signed the lease at 11 am on Wednesday. The
agent must: Ans✓✓✓ deposit the money in his escrow account by the close of
business on Thursday.
11. The primary requirement of a contract would be: Ans✓✓✓ Offer and
acceptance
12. Because of the complexity of laws that affect real estate today, a property
manager should be familiar with all of the following EXCEPT: Ans✓✓✓ the "Blue-
Sky" laws.
13. If a complaint goes to the federal courts based on the Civil Rights Act of 1866,
the complaint would be that there was discrimination based on: Ans✓✓✓ Race
14. When a tenant, who has a written lease with the owner, sublets all or any part
of the premises: Ans✓✓✓ the original lease is unaffected unless it contains a
provision that prohibits such subletting.
15. Which of the following people may discriminate on the basis of race?
Ans✓✓✓ No one
, 16. It would be a violation of the antitrust laws for a broker to: a) charge one
owner 7% while charging another 6%. Ans✓✓✓ agree to a minimum commission
with other brokers
17. The building leases prohibit tenants from altering the property in any way.
One tenant is now confined to a wheelchair, and cannot maneuver over the
doorstep into the apartment by herself. Nor can she use the bathroom facilities in
her wheelchair. Which of the following is true? Ans✓✓✓ The tenant is entitled
to make the necessary alterations.
18. Which of the following is illegal? Ans✓✓✓ Refusing to hire an otherwise
qualified person because a disability will necessitate occasional time off work.
19. The amount of security deposit in a contract for the lease of real property is
determined by: Ans✓✓✓ Agreement of the parties.
2. In dealing with the public, a licensee: Ans✓✓✓ may keep silent about a
material fact concerning the property if the client is the owner. d) may negotiate
different commissions with different owners.
20. Broker Doug has an office in Chicago. A licensee with Broker Doug is the
designated agent of the owner. Another licensee with Broker Doug is the
designated agent of the renter. Which of the following statements is true?
Ans✓✓✓ In Illinois, this situation avoids dual agency for the broker.
21. A licensed agent selling or leasing his own home without using his broker's
services may discriminate on the basis of: Ans✓✓✓ Non of the above
