1
Illinois STATE ACTUAL Exam 100 QUESTIONS AND
CORRECT ANSWERS 2025 LATEST
VERSIOINS//ALREADY GRADED A+
Kevin is an Illinois sponsoring broker. RaeAnn is one of Kevin's
sponsored licensees. RaeAnn is representing the Bothwell's as a
listing agent. TJ, also one of Kevin's sponsored licensees, is
representing James, who's buying the
Bothwell's house. Under Illinois licensing law, who is a
designated agent? - ANSWER-Both RaeAnn and TJ
As the property manager, Galena places security deposits in an
interest-bearing account for her landlord, who owns 42 rental
units. Galena isn't permitted to accept a lease term of under
one year. Which of these statements is FALSE? - ANSWER-
Galena must pay each tenant the interest earned on their
deposit monthly.
Carissa is an Illinois broker. Her managing broker, Thomas, is
also the firm's sponsoring broker. The staff includes one
licensed residential leasing agent, Reuben. Which of these
statements about license renewals is true? - ANSWERThe
firm's license expires on October 31 of each even-numbered
year.
Angie is serving as a non-agent to a tenant customer. Which of
the following can she perform for the customer? - ANSWER-
Ministerial acts
Susie is the seller's agent for a transaction in which April
(another agent from her brokerage) helped her by hosting three
open houses for her seller client
Gianna's property. From whom will April receive her
compensation? - ANSWER-From their sponsoring broker
,
…
,1
Illinois licensee Sandra has provided her client Clint with a
designated agency disclosure along with their brokerage
agreement. Which of the following pieces of information is
included in that disclosure? - ANSWER-Sandra's full name and
a statement that a designated agency relationship exists
between the two of them
Thebiggestbaddestcoolestsellerinthewindycity@Trustworthyage
ncy.com is a bad email address because __________. - ANSWER-
It's hard for someone to remember.
Which of these is a quality that differentiates Illinois escrow
accounts from other accounts? - ANSWER-Distribution of funds
from escrow accounts is restricted by law.
Theo had been wooing a homeowner in his neighborhood for
months, trying to get a listing agreement. When the
homeowner finally decides to list the property, he does so with
another broker. Is this tortious interference? - ANSWER-No,
because no listing agreement was in place.
A lender was not able to recover all of the losses incurred
during the
foreclosure process in Illinois. What could it pursue to recoup
these losses? - ANSWER-Deficiency judgment
Which of these statements about the Illinois real estate
licensing exam is true? - ANSWER-Both broker and managing
broker candidates will see multiplechoice questions on the
licensing exam.
,
…
,1
What's the chief function of Illinois real estate licensing laws? -
ANSWEREnsure that consumers are protected
Based on Illinois law, which of the following is considered a
ministerial act? -
ANSWER-Providing the opposing party with signed copies of
paperwork
Are property stigmas required to be disclosed in Illinois? -
ANSWER-No, stigmas aren't required to be disclosed in Illinois.
Bert is a sponsored broker in Illinois who's selling his own
house. Since he's acting as his own broker, which of these rules
must he follow? - ANSWER-He can use a For Sale by Owner
yard sign, but it must say "agent owned."
Based on Illinois license law, which of these activities requires a
real estate license when it's performed on someone else's
behalf and for compensation? - ANSWER-Negotiating a real
estate contract
According to Illinois license law, which of these parties is
exempt from the licensing requirement when performing real
estate brokerage activities? - ANSWER-Persons acting under a
court order
Which homebuyers are eligible for the USDA Rural Development
Single Family Housing Guaranteed Loan Program? - ANSWER-
Low- to moderate-income buyers in eligible rural counties in
Illinois
Carrie is a new licensee in Illinois. Based on this information,
which of the following statements is true? - ANSWER-Carrie
,
…
Illinois STATE ACTUAL Exam 100 QUESTIONS AND
CORRECT ANSWERS 2025 LATEST
VERSIOINS//ALREADY GRADED A+
Kevin is an Illinois sponsoring broker. RaeAnn is one of Kevin's
sponsored licensees. RaeAnn is representing the Bothwell's as a
listing agent. TJ, also one of Kevin's sponsored licensees, is
representing James, who's buying the
Bothwell's house. Under Illinois licensing law, who is a
designated agent? - ANSWER-Both RaeAnn and TJ
As the property manager, Galena places security deposits in an
interest-bearing account for her landlord, who owns 42 rental
units. Galena isn't permitted to accept a lease term of under
one year. Which of these statements is FALSE? - ANSWER-
Galena must pay each tenant the interest earned on their
deposit monthly.
Carissa is an Illinois broker. Her managing broker, Thomas, is
also the firm's sponsoring broker. The staff includes one
licensed residential leasing agent, Reuben. Which of these
statements about license renewals is true? - ANSWERThe
firm's license expires on October 31 of each even-numbered
year.
Angie is serving as a non-agent to a tenant customer. Which of
the following can she perform for the customer? - ANSWER-
Ministerial acts
Susie is the seller's agent for a transaction in which April
(another agent from her brokerage) helped her by hosting three
open houses for her seller client
Gianna's property. From whom will April receive her
compensation? - ANSWER-From their sponsoring broker
,
…
,1
Illinois licensee Sandra has provided her client Clint with a
designated agency disclosure along with their brokerage
agreement. Which of the following pieces of information is
included in that disclosure? - ANSWER-Sandra's full name and
a statement that a designated agency relationship exists
between the two of them
Thebiggestbaddestcoolestsellerinthewindycity@Trustworthyage
ncy.com is a bad email address because __________. - ANSWER-
It's hard for someone to remember.
Which of these is a quality that differentiates Illinois escrow
accounts from other accounts? - ANSWER-Distribution of funds
from escrow accounts is restricted by law.
Theo had been wooing a homeowner in his neighborhood for
months, trying to get a listing agreement. When the
homeowner finally decides to list the property, he does so with
another broker. Is this tortious interference? - ANSWER-No,
because no listing agreement was in place.
A lender was not able to recover all of the losses incurred
during the
foreclosure process in Illinois. What could it pursue to recoup
these losses? - ANSWER-Deficiency judgment
Which of these statements about the Illinois real estate
licensing exam is true? - ANSWER-Both broker and managing
broker candidates will see multiplechoice questions on the
licensing exam.
,
…
,1
What's the chief function of Illinois real estate licensing laws? -
ANSWEREnsure that consumers are protected
Based on Illinois law, which of the following is considered a
ministerial act? -
ANSWER-Providing the opposing party with signed copies of
paperwork
Are property stigmas required to be disclosed in Illinois? -
ANSWER-No, stigmas aren't required to be disclosed in Illinois.
Bert is a sponsored broker in Illinois who's selling his own
house. Since he's acting as his own broker, which of these rules
must he follow? - ANSWER-He can use a For Sale by Owner
yard sign, but it must say "agent owned."
Based on Illinois license law, which of these activities requires a
real estate license when it's performed on someone else's
behalf and for compensation? - ANSWER-Negotiating a real
estate contract
According to Illinois license law, which of these parties is
exempt from the licensing requirement when performing real
estate brokerage activities? - ANSWER-Persons acting under a
court order
Which homebuyers are eligible for the USDA Rural Development
Single Family Housing Guaranteed Loan Program? - ANSWER-
Low- to moderate-income buyers in eligible rural counties in
Illinois
Carrie is a new licensee in Illinois. Based on this information,
which of the following statements is true? - ANSWER-Carrie
,
…
