Leasing Exam|106 Complete
Questions with Answers
In Illinois for over 25 units, a tenant is entitled to interest on their security
deposit was held for how many months? - -6
-Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites - -felons
living onsite
-What was the date of the first civil rights act? - -1866
-Is it permissable to refuse to rent to a person with a poor credit history? - -
yes
-Who is acceptable to redline? - -lending institutions
-Is occupancy standard a federal law or guideline? - -guideline
-Directing people, especially minorities, toward a specific neighborhood is
called what? - -steering
-The definition of familial status is residents over the age of 18. True or
False? - -false
-A licensee advertises a 15 year old building as new. This is called what? - -
fraud
-A blind ad means an ad is? - -missing key information, HAS NOTHING TO
DO W SIZE
-Can an unliscensed personal assistant can sit at an open house for area
brokers? - -yes
-When can a tenant claim constructive eviction? - -when it is uninhabitable
-Where is the leasing agent's original license kept? - -broker's office or any
branch office
-When a leasing agent offers to put an elderly resident in a quiet building
with others, what is this called? - -steering
, -A leasing agent refuses to rent a third floor unit to a disabled resident
because there are no elevators in the building. What did the agent violate? -
-fair housing laws
-A lease with an indefinite ending date is called? - -periodic tenancy
-The Residential Disclosure Act applies to? - -sellers of 4 units or LESS
-When are sponsor cards issued and who issues them? - -24 hours after
license; issued by broker
-Tenant installed a new light fixture in the dining room. What kind of
property is the light fixture? - -real
-An owner of a 12 unit apartment building lives onsite. In his absense, the
maintenence person shows vacant apartments. Is this acceptable? Why or
why not? - -Yes, the OWNER is exempt from the license
-The leasing agent license shall expire on July 31 of? - -even numbered
years
-Sponsoring brokers must submit the 45 day sponsor card to IDFPR within? -
-24 hours of employment
-Leasing agent licensees must complete how many hours of continuing
education duringthe 24 month period prior renewal? - -6
-What is a fund used by IDFPR to reimburse aggreieved persons who suffer a
loss based on a licensee's actions? - -Real Estate Recovery Fund
-The Leasing Agent License allows the licensee to engage in? - -only
residential leasing activities
-An applicant shall not practice as a student leasing agent _____________. - -
more than once in a 24 month period
-Which is TRUE about sponsor cards?
A. Sponsor cards are only issued for leasing agents.
B. All sponsor cards must be displayed on the wall of the licensee's office.
C. It is a temporary 45 days permit isssued by the sponsoring broker
D. It is a 180 day student permit - -C
-How many times may a person take the state leasing exam before they
have to repeat the course again? - -4 times in 4 years
Questions with Answers
In Illinois for over 25 units, a tenant is entitled to interest on their security
deposit was held for how many months? - -6
-Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites - -felons
living onsite
-What was the date of the first civil rights act? - -1866
-Is it permissable to refuse to rent to a person with a poor credit history? - -
yes
-Who is acceptable to redline? - -lending institutions
-Is occupancy standard a federal law or guideline? - -guideline
-Directing people, especially minorities, toward a specific neighborhood is
called what? - -steering
-The definition of familial status is residents over the age of 18. True or
False? - -false
-A licensee advertises a 15 year old building as new. This is called what? - -
fraud
-A blind ad means an ad is? - -missing key information, HAS NOTHING TO
DO W SIZE
-Can an unliscensed personal assistant can sit at an open house for area
brokers? - -yes
-When can a tenant claim constructive eviction? - -when it is uninhabitable
-Where is the leasing agent's original license kept? - -broker's office or any
branch office
-When a leasing agent offers to put an elderly resident in a quiet building
with others, what is this called? - -steering
, -A leasing agent refuses to rent a third floor unit to a disabled resident
because there are no elevators in the building. What did the agent violate? -
-fair housing laws
-A lease with an indefinite ending date is called? - -periodic tenancy
-The Residential Disclosure Act applies to? - -sellers of 4 units or LESS
-When are sponsor cards issued and who issues them? - -24 hours after
license; issued by broker
-Tenant installed a new light fixture in the dining room. What kind of
property is the light fixture? - -real
-An owner of a 12 unit apartment building lives onsite. In his absense, the
maintenence person shows vacant apartments. Is this acceptable? Why or
why not? - -Yes, the OWNER is exempt from the license
-The leasing agent license shall expire on July 31 of? - -even numbered
years
-Sponsoring brokers must submit the 45 day sponsor card to IDFPR within? -
-24 hours of employment
-Leasing agent licensees must complete how many hours of continuing
education duringthe 24 month period prior renewal? - -6
-What is a fund used by IDFPR to reimburse aggreieved persons who suffer a
loss based on a licensee's actions? - -Real Estate Recovery Fund
-The Leasing Agent License allows the licensee to engage in? - -only
residential leasing activities
-An applicant shall not practice as a student leasing agent _____________. - -
more than once in a 24 month period
-Which is TRUE about sponsor cards?
A. Sponsor cards are only issued for leasing agents.
B. All sponsor cards must be displayed on the wall of the licensee's office.
C. It is a temporary 45 days permit isssued by the sponsoring broker
D. It is a 180 day student permit - -C
-How many times may a person take the state leasing exam before they
have to repeat the course again? - -4 times in 4 years
