LEASING AGENT EXAM questions with verified answers
(1) real estate licensees must Ans✓✓✓ Give their real estate license to their
sponsoring broker, who will post it in a public place in the sponsors office
(2) real estate licensees must Ans✓✓✓ carry their pocket card with them
a black prospect made an offer. did the broker violate the law by telling the seller
that the prospect is black? Ans✓✓✓ yes, because it should not have mattered
a black prospect walks into a real estate office. the residential leasing agent
should Ans✓✓✓ show the prospect apartments in neighborhoods the prospect
chooses
a contract is void if it Ans✓✓✓ has an illegal purpose
a contract that binds one party but contains a defect that gives the other party
the right to withdraw is called a Ans✓✓✓ voidable contract
a contract that results when a promise is exchanged for a promise is called a
Ans✓✓✓ bilateral contract
a landlord in Illinois would be allowed to reject a tenant on the basis of the tenant
Ans✓✓✓ having several large unpaid debts
a lease conveys the right of possession and use to the Ans✓✓✓ lessee
, a lease for a six-month term would be classified as a Ans✓✓✓ tenancy for years
a lease is automatically terminated by Ans✓✓✓ the taking of the property under
eminent domain for the purpose of constructing an artificial lake
a licensee has just collected commission from the owner of a home she has sold.
she would be in violation of license law unless Ans✓✓✓ she holds a valid real
estate broker's license
a month to month lease is classified as Ans✓✓✓ a periodic estate
a person less than 18 years of age has just signed a contract. the legal status of
this contract is Ans✓✓✓ voidable
a real estate license can be revoked for Ans✓✓✓ intentionally misleading
someone into signing a contract
a rental contract gives the tenant Ans✓✓✓ right of possession
a residential leasing agent is allowed to engage in leasing transactions that involve
Ans✓✓✓ residential property
a right of possession for a fixed term that allows for automatic renewals for
additional terms is called Ans✓✓✓ a periodic tenancy
a tenancy (estate) for years Ans✓✓✓ requires no notice to terminate
(1) real estate licensees must Ans✓✓✓ Give their real estate license to their
sponsoring broker, who will post it in a public place in the sponsors office
(2) real estate licensees must Ans✓✓✓ carry their pocket card with them
a black prospect made an offer. did the broker violate the law by telling the seller
that the prospect is black? Ans✓✓✓ yes, because it should not have mattered
a black prospect walks into a real estate office. the residential leasing agent
should Ans✓✓✓ show the prospect apartments in neighborhoods the prospect
chooses
a contract is void if it Ans✓✓✓ has an illegal purpose
a contract that binds one party but contains a defect that gives the other party
the right to withdraw is called a Ans✓✓✓ voidable contract
a contract that results when a promise is exchanged for a promise is called a
Ans✓✓✓ bilateral contract
a landlord in Illinois would be allowed to reject a tenant on the basis of the tenant
Ans✓✓✓ having several large unpaid debts
a lease conveys the right of possession and use to the Ans✓✓✓ lessee
, a lease for a six-month term would be classified as a Ans✓✓✓ tenancy for years
a lease is automatically terminated by Ans✓✓✓ the taking of the property under
eminent domain for the purpose of constructing an artificial lake
a licensee has just collected commission from the owner of a home she has sold.
she would be in violation of license law unless Ans✓✓✓ she holds a valid real
estate broker's license
a month to month lease is classified as Ans✓✓✓ a periodic estate
a person less than 18 years of age has just signed a contract. the legal status of
this contract is Ans✓✓✓ voidable
a real estate license can be revoked for Ans✓✓✓ intentionally misleading
someone into signing a contract
a rental contract gives the tenant Ans✓✓✓ right of possession
a residential leasing agent is allowed to engage in leasing transactions that involve
Ans✓✓✓ residential property
a right of possession for a fixed term that allows for automatic renewals for
additional terms is called Ans✓✓✓ a periodic tenancy
a tenancy (estate) for years Ans✓✓✓ requires no notice to terminate
