Leasing agent exam questions with correct
answers
The /statue /of /fraud /in /Illinois /states:
a. /All /leases /must /be /in /writing.
b. /Leases /for /less /than /a /year /are /enforceable /if /oral, /even /if /they /cannot /be
completed /within /a /year /of /their /making.
C. /Contracts /entered /into /by /minors /are /void.
d. /That /leases /for /more /than /a /year /or /that /cannot /be /completed /within /a
year /of /their /making /must /be /in /writing /to /be /enforceable. /- /verified /answer(s)-✔✔a. /All
/leases /must /be /in /writing.
George /rents /an /apartment /signing /a /lease /for /one /year, /starting /October /1st. /He /pays /the /1st
/month's /rent /and /pays /an /amount /equal /to /one /month's /rent /as /a /security /deposit. /If, /after /4
/months, /George /moves /out /of /the /apartment /having /paid /rent /for /the /full /4 /months...
a. /George /is /responsible /for /the /rent /for /the /remaining /8 /months /only..
b /George /is /responsible /for /the /remaining /rent /plus /the /security /deposit. /
C.George /is /not /responsible /for /the /remaining /8 /months /if /he /had /to /move /to
another /city /and /had /no /choice.
d. /George /is /responsible /for /the /rent /plus /any /expense /incurred /to /re-rent /the
apartment /for /the /remaining /8 /months, /less /the /amount /of /rent /the /landlord
collects /from /a /new /tenant /during /the /remaining /term /of /the /lease. /- /verified /answer(s)-
✔✔a. /George /is /responsible /for /the /rent /for /the /remaining /8 /months /only..
A /tenant /has /signed /a /lease /for /1 /month /starting /October /1st /and /ending /October
31st. /The /lease /is /an:
, a. /Estate /from /period /to /period
b. /Estate /for /years
c. /Estate /at /sufferance
d. /Estate /at /will /- /verified /answer(s)-✔✔b. /Estate /for /years
Under /the /Illinois /Law /of /Agency...
a. /Only /the /lessee /can /be /your /principal.
b. /Only /the /lessor /can /be /your /principal.
30 /85
c. /You /can /represent /either /the /lessee /or /the /lessor.
d. /You /can /represent /both /the /lessor /and /the /lessee /provided /that /you /make /proper
/disclosure /and /obtain /written /consent /from /each. /- /verified /answer(s)-✔✔d. /You /can
/represent /both /the /lessor /and /the /lessee /provided /that /you /make /proper /disclosure /and
/obtain /written /consent /from /each.
Any /personal /property /being /rented /with /the /lease /should /be /mentioned /in /the /lease. /These
/items /would /include:
a. /The /water /heater
b. /The /furnace
c. /The /stove /and /the /refrigerator
d. /The /light /fixtures /- /verified /answer(s)-✔✔d. /The /light /fixtures
The /majority /of /residential /leases /are:
a. /Gross /leases
b. /Net /leases
c. /Triple /net /leases
d. /Percentage /leases /- /verified /answer(s)-✔✔b. /Net /leases
answers
The /statue /of /fraud /in /Illinois /states:
a. /All /leases /must /be /in /writing.
b. /Leases /for /less /than /a /year /are /enforceable /if /oral, /even /if /they /cannot /be
completed /within /a /year /of /their /making.
C. /Contracts /entered /into /by /minors /are /void.
d. /That /leases /for /more /than /a /year /or /that /cannot /be /completed /within /a
year /of /their /making /must /be /in /writing /to /be /enforceable. /- /verified /answer(s)-✔✔a. /All
/leases /must /be /in /writing.
George /rents /an /apartment /signing /a /lease /for /one /year, /starting /October /1st. /He /pays /the /1st
/month's /rent /and /pays /an /amount /equal /to /one /month's /rent /as /a /security /deposit. /If, /after /4
/months, /George /moves /out /of /the /apartment /having /paid /rent /for /the /full /4 /months...
a. /George /is /responsible /for /the /rent /for /the /remaining /8 /months /only..
b /George /is /responsible /for /the /remaining /rent /plus /the /security /deposit. /
C.George /is /not /responsible /for /the /remaining /8 /months /if /he /had /to /move /to
another /city /and /had /no /choice.
d. /George /is /responsible /for /the /rent /plus /any /expense /incurred /to /re-rent /the
apartment /for /the /remaining /8 /months, /less /the /amount /of /rent /the /landlord
collects /from /a /new /tenant /during /the /remaining /term /of /the /lease. /- /verified /answer(s)-
✔✔a. /George /is /responsible /for /the /rent /for /the /remaining /8 /months /only..
A /tenant /has /signed /a /lease /for /1 /month /starting /October /1st /and /ending /October
31st. /The /lease /is /an:
, a. /Estate /from /period /to /period
b. /Estate /for /years
c. /Estate /at /sufferance
d. /Estate /at /will /- /verified /answer(s)-✔✔b. /Estate /for /years
Under /the /Illinois /Law /of /Agency...
a. /Only /the /lessee /can /be /your /principal.
b. /Only /the /lessor /can /be /your /principal.
30 /85
c. /You /can /represent /either /the /lessee /or /the /lessor.
d. /You /can /represent /both /the /lessor /and /the /lessee /provided /that /you /make /proper
/disclosure /and /obtain /written /consent /from /each. /- /verified /answer(s)-✔✔d. /You /can
/represent /both /the /lessor /and /the /lessee /provided /that /you /make /proper /disclosure /and
/obtain /written /consent /from /each.
Any /personal /property /being /rented /with /the /lease /should /be /mentioned /in /the /lease. /These
/items /would /include:
a. /The /water /heater
b. /The /furnace
c. /The /stove /and /the /refrigerator
d. /The /light /fixtures /- /verified /answer(s)-✔✔d. /The /light /fixtures
The /majority /of /residential /leases /are:
a. /Gross /leases
b. /Net /leases
c. /Triple /net /leases
d. /Percentage /leases /- /verified /answer(s)-✔✔b. /Net /leases
