LEASING EXAM EXAMPLE
QUESTIONS
All0security0deposits0must0be0placed0in0an0escrow0account0by?0-
0ans✔the0broker0of0the0leasing0agent0representing0the0lessor
In0Illinois0a0leasing0agent0may0receive0a0commission0from?0-
0ans✔his0or0her0sponsoring0broker0only
John0begins0showing0apartments0for0rent0to0Sally0while0taking0his0real0estate0leasing0
agent0pre-licensing0class.0His01200day0student0leasing0agent0permit/
application0has0expired.0John0has0an0agreement0with0his0brother,0who's0a0sponsoring0
broker,0to0place0his0license0in0his0brother's0brokerage0immediately0after0passing0his0st
ate0test.0The0day0before0taking0the0state0test0John0writes0a0lease0and0gives0it0to0the0b
roker0of0the0listing0broker.0The0lease0is0accepted0that0night.0The0next0day0John0passe
s0his0state0test0and0places0his0license0with0his0brother's0brokerage.0It0becomes0known
0to0all0that0John0did0not0have0his0license0at0the0time0of0the0writing0of0the0lease,0and0w
as0not0operating0under0a01200day0student0leasing0agent0permit/
application.0Upon0learning0this,0the0listing0broker0refuses0to0split0the0commission0with0
John's0brother.0Is0this0acceptable?0-
0ans✔Yes,0The0listing0broker0is0acting0within0their0rights
Tom0buys0a030flat.0The01st0floor0lease0has0expired0and0the0tenants0are0staying0under0
an0agreement0with0the0landlord0on0a0month0to0month0basis.0The02nd0floor0has0six0mo
nths0to0go0on0their0one-
year0lease0before0their0lease0expires.0The03rd0floor's0lease0has0expired0and0the0landl
ord0has0a0tenant0who0will0pay0double0the0rent0but0the0present0tenant0will0not0move0ou
t0under0these0conditions.0What0type0of0tenancy0fits0each0floor?0-
0ans✔The01st0floor0tenant0has0a0periodic0tenancy,0the02nd0floor0tenant0has0an0estate0
for0years0and0the03rd0floor0tenant0has0an0estate0at0sufferance.
Under0the0Illinois0Human0Rights0Act0an0elderly0person0is0any0person0or0persons0over0
the0age0of?0-0ans✔40
A0tenant0is0on0a0periodic0month0tenancy.0On0August01st0the0tenant0pays0his0rent.0On0
the08th0of0the0month0the0tenant0finds0a0different0apartment0in0another0town0and0imme
QUESTIONS
All0security0deposits0must0be0placed0in0an0escrow0account0by?0-
0ans✔the0broker0of0the0leasing0agent0representing0the0lessor
In0Illinois0a0leasing0agent0may0receive0a0commission0from?0-
0ans✔his0or0her0sponsoring0broker0only
John0begins0showing0apartments0for0rent0to0Sally0while0taking0his0real0estate0leasing0
agent0pre-licensing0class.0His01200day0student0leasing0agent0permit/
application0has0expired.0John0has0an0agreement0with0his0brother,0who's0a0sponsoring0
broker,0to0place0his0license0in0his0brother's0brokerage0immediately0after0passing0his0st
ate0test.0The0day0before0taking0the0state0test0John0writes0a0lease0and0gives0it0to0the0b
roker0of0the0listing0broker.0The0lease0is0accepted0that0night.0The0next0day0John0passe
s0his0state0test0and0places0his0license0with0his0brother's0brokerage.0It0becomes0known
0to0all0that0John0did0not0have0his0license0at0the0time0of0the0writing0of0the0lease,0and0w
as0not0operating0under0a01200day0student0leasing0agent0permit/
application.0Upon0learning0this,0the0listing0broker0refuses0to0split0the0commission0with0
John's0brother.0Is0this0acceptable?0-
0ans✔Yes,0The0listing0broker0is0acting0within0their0rights
Tom0buys0a030flat.0The01st0floor0lease0has0expired0and0the0tenants0are0staying0under0
an0agreement0with0the0landlord0on0a0month0to0month0basis.0The02nd0floor0has0six0mo
nths0to0go0on0their0one-
year0lease0before0their0lease0expires.0The03rd0floor's0lease0has0expired0and0the0landl
ord0has0a0tenant0who0will0pay0double0the0rent0but0the0present0tenant0will0not0move0ou
t0under0these0conditions.0What0type0of0tenancy0fits0each0floor?0-
0ans✔The01st0floor0tenant0has0a0periodic0tenancy,0the02nd0floor0tenant0has0an0estate0
for0years0and0the03rd0floor0tenant0has0an0estate0at0sufferance.
Under0the0Illinois0Human0Rights0Act0an0elderly0person0is0any0person0or0persons0over0
the0age0of?0-0ans✔40
A0tenant0is0on0a0periodic0month0tenancy.0On0August01st0the0tenant0pays0his0rent.0On0
the08th0of0the0month0the0tenant0finds0a0different0apartment0in0another0town0and0imme
