Illinois Real Estate Exam
After May 1, 2011, the new license categories are: Managing Broker and Broker
After April 30, 2012, as an alternative to passing the 30 hours of post-licensure education, as defined by administrative rule.
proficiency exam given by AMP, what are the
requirements for converting a salesperson's license to a
broker license?
In Illinois, sponsor cards are good for: 45 days
What are the requirements for a newly licensed broker 90 hours of pre-license coursework including 15 hours of situational offerings
effective May 1, 2011?
After May 1, 2011, what must a broker do to convert a Complete 45 hours of post-license education
managing broker license?
When do real estate brokers' licenses expire in Illinois? April 30 of every odd-numbered year
To renew a license in Illinois, brokers must..? Have completed 12 hours of continuing education in the last two years and pay
the current fee.
Licensees who allow their licenses to expire have how Up to two years; then licensees must start over
long to reinstate their licenses?
What procedures must be followed to obtain a license Meet the requirements for a new license, including all pre-license education
that has been expired for more than two years? and passing the exam
Three weeks before N begins his real estate pre-license No. State law prohibits lawsuits filed to collect commissions unless filed by a
class, he offers to help his neighbor sell her house. The licensed broker - one with a license in effect before the agreement was
neighbor agrees to pay N a 5% commission. An offer is reached.
accepted while N is taking the class and closes the day
after N passes the exam and receives his salesperson
license. The neighbor refuses to pay N the agreed
commission. Can N sue to recover payment?
Which of the following conditions is NOT required to The broker has been active in the real estate business in her own state for one
grant a nonresident broker's license in Illinois? year prior to application.
The resident property manager for Acme Apartments is Is exempt from the licensing requirements.
responsible for negotiating leases for the apartment. In
this position, the resident manager:
After failing the Illinois licensing exam three times, what Complete the entire education requirement again.
does a candidate have to do to get three more tries?
, Illinois Real Estate Exam
When terminating a sponsorship, the sponsoring broker Two business days by signature restricted mail delivery.
must return the signed license to the DPR within
A leasing agent license requires how many hours of 15 hours
classroom time?
In order to practice real estate, Illinois requires new A 45-day sponsor card, then a pocket card later
licensees to have which of the following in their
possession?
An agent is terminated by his broker for failure to pay Inoperative
the office bill. While the agent is looking for a new
office, he is considered to have what kind of license?
Performing which of the following activities requires a Negotiating Lease Terms
real estate license?
J was really good at locating temporary housing for Get a real estate license
friends. They have encouraged her to start a small
home business assisting people who are looking to
rent. What is the first thing she should do?
Proof of continuing education is required every Two years
Of the following, who is required to hold an Illinois real A person who represents clients in the negotiation of a real estate contract for
estate license? a flat fee.
All compensation earned by a licensee must be paid: Through the licensee's sponsoring broker
Who would be eligible after completing education for A mom who will work part-time (no corporation, only people)
an appraiser's license?
What is usually considered proof in Illinois courts that The closing of a sale
the broker has earned a commission?
A seller needs to sell quickly because he is getting Disclosed to the seller in writing what the compensation will be.
transferred. Hoping to create excitement, he agrees to
a 7% commission. The listing broker's offer to the
cooperating broker must be:
The office assistant for a local real estate firm is Exempt from real estate licensing requirements.
responsible for the following activities: tracking the flow
of paperwork through the office, preparing forms and
advertising copy, and hiring and supervising clerical
personnel. The office assistant is:
, Illinois Real Estate Exam
In Illinois, a personal assistant must be licensed to Explain simple contract documents to prospective buyers.
In Illinois, a personal real estate assistant May insert factual information into forms under the agent's supervision and
approval.
The broker's unlicensed assistant worked late nights Not pay a commission to the assistant under the facts presented here.
and weekends to help ensure the successful closing of
a difficult transaction. The assistant's extra work
included making several phone calls to the prospective
buyers, encouraging them to accept the seller's
counteroffer. Largely because of the assistant's efforts,
the sale went through with no problem. Now the broker
wants to pay the assistant a percentage of the
commission "because the assistant has really earned it".
Under Illinois law, the broker may:
A licensed personal assistant wishes to hold a public Yes, this is allowed if the assistant's license is held by the sponsoring broker.
open house. Is this allowed in Illinois?
A sponsored licensee has decided to hire a licensed Through the sponsoring broker.
personal assistant. How is compensation paid to this
licensed personal assistant?
A licensee decides to hire a personal assistant who The licensee being assisted is responsible for the activities of the unlicensed
does not hold a real estate license. In this situation, personal assistant.
which of the following is correct?
After successfully passing the state exam, an individual The sponsoring broker can provide a temporary sponsor card that allows her
is very excited about starting her real estate career as to engage in the practice of real estate for a maximum of 45 days.
quickly as possible. Under what circumstances, if any,
can she practice real estate before receiving her real
estate license?
What is NOT required of a nonresident to obtain a Room in the quota system for an additional out-of-state broker (i.e., quid pro
broker's license? quo)
An unlicensed personal assistant may: Provide security at an open house
A broker has hired an unlicensed person as a leasing 120-day leasing agent permit.
agent. What, if anything, allows an unlicensed person to
function as a leasing agent?
After May 1, 2011, the new license categories are: Managing Broker and Broker
After April 30, 2012, as an alternative to passing the 30 hours of post-licensure education, as defined by administrative rule.
proficiency exam given by AMP, what are the
requirements for converting a salesperson's license to a
broker license?
In Illinois, sponsor cards are good for: 45 days
What are the requirements for a newly licensed broker 90 hours of pre-license coursework including 15 hours of situational offerings
effective May 1, 2011?
After May 1, 2011, what must a broker do to convert a Complete 45 hours of post-license education
managing broker license?
When do real estate brokers' licenses expire in Illinois? April 30 of every odd-numbered year
To renew a license in Illinois, brokers must..? Have completed 12 hours of continuing education in the last two years and pay
the current fee.
Licensees who allow their licenses to expire have how Up to two years; then licensees must start over
long to reinstate their licenses?
What procedures must be followed to obtain a license Meet the requirements for a new license, including all pre-license education
that has been expired for more than two years? and passing the exam
Three weeks before N begins his real estate pre-license No. State law prohibits lawsuits filed to collect commissions unless filed by a
class, he offers to help his neighbor sell her house. The licensed broker - one with a license in effect before the agreement was
neighbor agrees to pay N a 5% commission. An offer is reached.
accepted while N is taking the class and closes the day
after N passes the exam and receives his salesperson
license. The neighbor refuses to pay N the agreed
commission. Can N sue to recover payment?
Which of the following conditions is NOT required to The broker has been active in the real estate business in her own state for one
grant a nonresident broker's license in Illinois? year prior to application.
The resident property manager for Acme Apartments is Is exempt from the licensing requirements.
responsible for negotiating leases for the apartment. In
this position, the resident manager:
After failing the Illinois licensing exam three times, what Complete the entire education requirement again.
does a candidate have to do to get three more tries?
, Illinois Real Estate Exam
When terminating a sponsorship, the sponsoring broker Two business days by signature restricted mail delivery.
must return the signed license to the DPR within
A leasing agent license requires how many hours of 15 hours
classroom time?
In order to practice real estate, Illinois requires new A 45-day sponsor card, then a pocket card later
licensees to have which of the following in their
possession?
An agent is terminated by his broker for failure to pay Inoperative
the office bill. While the agent is looking for a new
office, he is considered to have what kind of license?
Performing which of the following activities requires a Negotiating Lease Terms
real estate license?
J was really good at locating temporary housing for Get a real estate license
friends. They have encouraged her to start a small
home business assisting people who are looking to
rent. What is the first thing she should do?
Proof of continuing education is required every Two years
Of the following, who is required to hold an Illinois real A person who represents clients in the negotiation of a real estate contract for
estate license? a flat fee.
All compensation earned by a licensee must be paid: Through the licensee's sponsoring broker
Who would be eligible after completing education for A mom who will work part-time (no corporation, only people)
an appraiser's license?
What is usually considered proof in Illinois courts that The closing of a sale
the broker has earned a commission?
A seller needs to sell quickly because he is getting Disclosed to the seller in writing what the compensation will be.
transferred. Hoping to create excitement, he agrees to
a 7% commission. The listing broker's offer to the
cooperating broker must be:
The office assistant for a local real estate firm is Exempt from real estate licensing requirements.
responsible for the following activities: tracking the flow
of paperwork through the office, preparing forms and
advertising copy, and hiring and supervising clerical
personnel. The office assistant is:
, Illinois Real Estate Exam
In Illinois, a personal assistant must be licensed to Explain simple contract documents to prospective buyers.
In Illinois, a personal real estate assistant May insert factual information into forms under the agent's supervision and
approval.
The broker's unlicensed assistant worked late nights Not pay a commission to the assistant under the facts presented here.
and weekends to help ensure the successful closing of
a difficult transaction. The assistant's extra work
included making several phone calls to the prospective
buyers, encouraging them to accept the seller's
counteroffer. Largely because of the assistant's efforts,
the sale went through with no problem. Now the broker
wants to pay the assistant a percentage of the
commission "because the assistant has really earned it".
Under Illinois law, the broker may:
A licensed personal assistant wishes to hold a public Yes, this is allowed if the assistant's license is held by the sponsoring broker.
open house. Is this allowed in Illinois?
A sponsored licensee has decided to hire a licensed Through the sponsoring broker.
personal assistant. How is compensation paid to this
licensed personal assistant?
A licensee decides to hire a personal assistant who The licensee being assisted is responsible for the activities of the unlicensed
does not hold a real estate license. In this situation, personal assistant.
which of the following is correct?
After successfully passing the state exam, an individual The sponsoring broker can provide a temporary sponsor card that allows her
is very excited about starting her real estate career as to engage in the practice of real estate for a maximum of 45 days.
quickly as possible. Under what circumstances, if any,
can she practice real estate before receiving her real
estate license?
What is NOT required of a nonresident to obtain a Room in the quota system for an additional out-of-state broker (i.e., quid pro
broker's license? quo)
An unlicensed personal assistant may: Provide security at an open house
A broker has hired an unlicensed person as a leasing 120-day leasing agent permit.
agent. What, if anything, allows an unlicensed person to
function as a leasing agent?
