Illinois Leasing Agent Practice Exam / Expert Strategies, Review of Key Quizzes, And Practice Questions for Guaranteed Success / Newest 2025/2026

Illinois Leasing Agent Practice
Exam / Expert Strategies, Review
of Key Quizzes, And Practice
Questions for Guaranteed
Success / Newest 2025/2026

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Terms in this set (50)

,1. The lease Breach
contract stated
that the renters
would bring in
the security
deposit within
five days. It is
now the sixth
day and the
renters have not
brought in the
money. This is
legally referred
to as:

may keep silent about a material
2. In dealing fact concerning the property if the
with the public, client is the owner. d) may
a licensee: negotiate different commissions
with different owners.

3. Escrow could include security deposits as
monies: well as earnest money.

4. An offer may if it is rejected; if it is changed; or if
be terminated: it is revoked before acceptance.

, A property Steering
management
company runs a
complex of
several
buildings, all
belonging to
the same owner
and on the
same parcel of
land. At the
owner's
request, the
manager has
made
apartments
available to
families with
children in just
two of the
buildings. This
practice is: