Leasing Agent Exam Questions Chapter 5
With Correct Answers
Real /estate /licensees /must:
A. /carry /their /real /estate /license /in /their /wallet /at /all /times
B. /give /their /real /estate /license /to /their /sponsoring /broker, /who /will /post /it /in /a /public /space
/in /the /sponsors /office
C. /post /their /real /estate /license /on /the /wall /at /home
D. /mail /their /real /estate /license /to /the /regulating /agency, /where /it /will /be /hung /in /the
/Directors /office /- /correct /answer(s) /✔✔ /B. /give /their /real /estate /license /to /their /sponsoring
/broker, /who /will /post /it /in /a /public /space /in /the /sponsors /office
Individuals /must /hold /an /active /Illinois /real /estate /license /if /they /wish /to /negotiate /the /lease
/of:
A. /their /own /home /in /Chicago
B. /property /belonging /to /a /relatives /estate /for /which /they /are /executor
C. /a /home /belonging /to /a /client /who /will /pay /them /a /commission.
D. /an /apartment /building /they /have /inherited /- /correct /answer(s) /✔✔ /C. /a /home /belonging /to
/a /client /who /will /pay /them /a /commission.
A /real /estate /license /can /be /revoked /for:
A. /loss /of /a /pocket /card
B. /intentionally /misleading /someone /into /signing /a /contract
C. /submitting /an /absurd /offer /to /the /seller /of /a /property
D. /closing /a /deal /after /midnight /- /correct /answer(s) /✔✔ /B. /intentionally /misleading /someone
/into /signing /a /contract
, Illinois /Residential /leasing /agent /licenses /expire /on:
A. /April /30 /on /odd-numbered /years
B. /July /31st /of /even /numbered /years
C. /April /30 /of /even-numbered /years
D. /July /31 /of /odd /numbered /years /- /correct /answer(s) /✔✔ /B. /July /31st /of /even /numbered
/years
Blind /advertising /means /advertising /placed /by:
A. /an /owner /without /stating /he /or /she /is /not /a /licensee
B. /an /owner /who /is /not /using /a /real /estate /agent
C. /a /licensee /without /obtaining /the /owner's /permission
D. /A /licensee /without /stating /a /sponsors /business /name /- /correct /answer(s) /✔✔ /D. /A /licensee
/without /stating /a /sponsors /business /name
A /licensee /has /just /collected /a /commission /from /the /owner /of /a /home /she /has /sold. /She
/would /be /in /violation /of /license /law /unless:
A. /she /holds /a /residential /leasing /agent /license
B. /she /holds /a /valid /real /estate /brokers /license
C. /she /is /close /relative /of /the /owner /paying /the /commission
D. /she /is /both /a /real /estate /licensee /and /an /attorney /- /correct /answer(s) /✔✔ /B. /she /holds /a
/valid /real /estate /brokers /license
It /is /illegal /for /an /owner /to /pay /a /referral /fee /to /a /tenant /for /the /referral /of /another /tenant /if
/the:
A. /tenant /only /refers /the /prospect /and /nothing /more
B. /compensation /is /less /than /one /month's /rent /in /a /6 /month /period
C. /tenant /places /four /or /more /referrals /in /a /12-month /period
With Correct Answers
Real /estate /licensees /must:
A. /carry /their /real /estate /license /in /their /wallet /at /all /times
B. /give /their /real /estate /license /to /their /sponsoring /broker, /who /will /post /it /in /a /public /space
/in /the /sponsors /office
C. /post /their /real /estate /license /on /the /wall /at /home
D. /mail /their /real /estate /license /to /the /regulating /agency, /where /it /will /be /hung /in /the
/Directors /office /- /correct /answer(s) /✔✔ /B. /give /their /real /estate /license /to /their /sponsoring
/broker, /who /will /post /it /in /a /public /space /in /the /sponsors /office
Individuals /must /hold /an /active /Illinois /real /estate /license /if /they /wish /to /negotiate /the /lease
/of:
A. /their /own /home /in /Chicago
B. /property /belonging /to /a /relatives /estate /for /which /they /are /executor
C. /a /home /belonging /to /a /client /who /will /pay /them /a /commission.
D. /an /apartment /building /they /have /inherited /- /correct /answer(s) /✔✔ /C. /a /home /belonging /to
/a /client /who /will /pay /them /a /commission.
A /real /estate /license /can /be /revoked /for:
A. /loss /of /a /pocket /card
B. /intentionally /misleading /someone /into /signing /a /contract
C. /submitting /an /absurd /offer /to /the /seller /of /a /property
D. /closing /a /deal /after /midnight /- /correct /answer(s) /✔✔ /B. /intentionally /misleading /someone
/into /signing /a /contract
, Illinois /Residential /leasing /agent /licenses /expire /on:
A. /April /30 /on /odd-numbered /years
B. /July /31st /of /even /numbered /years
C. /April /30 /of /even-numbered /years
D. /July /31 /of /odd /numbered /years /- /correct /answer(s) /✔✔ /B. /July /31st /of /even /numbered
/years
Blind /advertising /means /advertising /placed /by:
A. /an /owner /without /stating /he /or /she /is /not /a /licensee
B. /an /owner /who /is /not /using /a /real /estate /agent
C. /a /licensee /without /obtaining /the /owner's /permission
D. /A /licensee /without /stating /a /sponsors /business /name /- /correct /answer(s) /✔✔ /D. /A /licensee
/without /stating /a /sponsors /business /name
A /licensee /has /just /collected /a /commission /from /the /owner /of /a /home /she /has /sold. /She
/would /be /in /violation /of /license /law /unless:
A. /she /holds /a /residential /leasing /agent /license
B. /she /holds /a /valid /real /estate /brokers /license
C. /she /is /close /relative /of /the /owner /paying /the /commission
D. /she /is /both /a /real /estate /licensee /and /an /attorney /- /correct /answer(s) /✔✔ /B. /she /holds /a
/valid /real /estate /brokers /license
It /is /illegal /for /an /owner /to /pay /a /referral /fee /to /a /tenant /for /the /referral /of /another /tenant /if
/the:
A. /tenant /only /refers /the /prospect /and /nothing /more
B. /compensation /is /less /than /one /month's /rent /in /a /6 /month /period
C. /tenant /places /four /or /more /referrals /in /a /12-month /period
