Leasing License ACTUAL
2025-2026 EXAM WITH
QUESTIONS AND
CORRECT VERIFIED
ANSWERS GRADED A+
GUARANTEED 100%
PASS
3 of the members of the Real Estate Disciplinary Board are..... - ANSWERS-non-
licensees and serve as representatives of the general public
(non-voting members)
How many board meetings must each member of the Real Estate Administration and
Disciplinary Board have to attend in order to not be terminated? - ANSWERS-at least 4
board meetings in 1 year
How long must you keep lead-based paint records for? - ANSWERS-3 years
What items must you give tenants about lead based paint? - ANSWERS-booklet and
test results
,What type of zones allow you to change zones gradually? - ANSWERS-buffer zones
type of zoning must be for the good of the community, not just the owner - ANSWERS-
spot zoning
What act states that all citizens have the same rights to inherit, buy, sell, or lease real &
personal property? - ANSWERS-Civil Rights Act of 1866
What act prohibits discrimination based on race, color, religion, or national origin? (ALL
OF THESE - NOT JUST ONE) - ANSWERS-Civil Rights Act of 1968
What do members of the Real Estate Administration and Disciplinary Board recieve
during their terms? - ANSWERS-Board members receive a per diem stipend and
receive reimbursement of expenses while serving
Who is in charge of appointing a Director of Real Estate and the Deputy Director? -
ANSWERS-The Commissioner of IDFPR
What is the criteria for the Director of Real Estate position and the Deputy Direction
position? - ANSWERS-having a valid broker's license, which has to be surrendered to
IDFPR during the course of service
What are some of the main duties of the Director of Real Estate? - ANSWERS--Serve
as chairperson of the Board (non-voting member)
-Serve as liaison between IDFPR and the real estate profession/industry
-Appoints any committees to assist in carrying out the Director's responsibilities
-Responsible for supervising all real estate activities of IDFPR, subject to the
Commissioner's approval
who is responsible for distributing any and all educational material to licensees? -
ANSWERS-Director of Real Estate
What does the Deputy Director do? - ANSWERS-administer the licensing requirements
of the License Act
what is the Real Estate Research and Education Fund used for? - ANSWERS-used for
research and education for the advancement of the real estate industry, including
scholarship
Where are the real estate research and education fund
,and the real estate administration fund held? - ANSWERS-held in trust by the State
Treasury
who is the Real Estate Research and Education Fund funded by? - ANSWERS-It is
funded by the Real Estate Administration Fund
Real Estate Administration Fund money goes to? - ANSWERS-Money is disbursed for
the operating expenses of IDFPR.
IDFPR Peer Review Advisors - ANSWERS-IDFPR reserves the right to contract with
licensees as "peer review advisors" who would investigate complaints
IDFPR Peer Review Advisors may be compensated up to _________ - ANSWERS-
$15,000 per year
What is the duty of the IDFPR Peer Review Advisors? - ANSWERS-interviewing of
parties to a complaint and to make recommendations to IDFPR (besides in areas where
the advisor conducts business)
What is the fine for practicing in real estate activities without a license? - ANSWERS-up
to $25,000
What is a Leasing Agent License? - ANSWERS-a limited scope license to engage in the
leasing of
residential real estate only
What is a Leasing Agent NOT allowed to do, even with a Leasing License? -
ANSWERS-A leasing agent may NOT engage in any sales activities with this license or
any activities with commercial real estate - these require a real estate broker's license.
What duties can Leasing Agents perform with their license? - ANSWERS--Leasing or
renting of residential property
-Attempt, offer or negotiate to rent or lease residential property
-Collect rent or supervise the collection of rent
What MUST Leasing Agents be sponsored by? - ANSWERS-a sponsoring broker or
broker firm
What are examples of some of the activities you can do with a leasing license? -
ANSWERS-1) Respond to phone inquiries from consumers regarding the availability
and pricing of brokerage services
2) Respond to phone inquiries from consumers regarding the price or location of
property
, 3) Attend an open house and respond to questions about the property
4) Set appointments to view a property
5) Respond to questions from consumers who visit a licensee's office concerning
services or properties
6) Accompany an appraiser or another third party to a transaction on a visit to the
property
7) Describe the property in response to a consumer's questions
8) Complete factual information for a consumer on an offer to purchase on behalf of a
client
9) Show a client a property being sold by an owner on their own behalf
10) Referrals to other licensees or service provider
What are some examples of exemptions to the leasing requirement? - ANSWERS-1)
Any person, partnership or corporation that acts as a broker
2) An attorney acting under a duty executed by a real estate attorney by law
3) Any person acting as receiver, trustee in bankruptcy, administrator,
executor or guardian or while acting under a court order or under the authority of a will
or testamentary trust
4) Any person acting as a resident manager for the owner or broker managing an
apartment complex, when the resident manager or broker resides on the premises
themselves
5) Any officer or employee of a federal agency in the conduct of official duties
6) Any officer or employee of the State government or any political
subdivision thereof performing official duties
7) Any multiple listing service or information exchange that is engaged in the collection
and dissemination of information concerning real estate available for sale, purchase,
lease or exchange along with which no other licensed activities are provided
8) Railroads and other public utilities regulated by the State of Illinois, or the officers or
full-time employees thereof, unless the performance of any licensed activities is in
connection with the sale, purchase, lease or other disposition of real estate or
investment therein not needing the approval of the appropriate state regulatory authority
2025-2026 EXAM WITH
QUESTIONS AND
CORRECT VERIFIED
ANSWERS GRADED A+
GUARANTEED 100%
PASS
3 of the members of the Real Estate Disciplinary Board are..... - ANSWERS-non-
licensees and serve as representatives of the general public
(non-voting members)
How many board meetings must each member of the Real Estate Administration and
Disciplinary Board have to attend in order to not be terminated? - ANSWERS-at least 4
board meetings in 1 year
How long must you keep lead-based paint records for? - ANSWERS-3 years
What items must you give tenants about lead based paint? - ANSWERS-booklet and
test results
,What type of zones allow you to change zones gradually? - ANSWERS-buffer zones
type of zoning must be for the good of the community, not just the owner - ANSWERS-
spot zoning
What act states that all citizens have the same rights to inherit, buy, sell, or lease real &
personal property? - ANSWERS-Civil Rights Act of 1866
What act prohibits discrimination based on race, color, religion, or national origin? (ALL
OF THESE - NOT JUST ONE) - ANSWERS-Civil Rights Act of 1968
What do members of the Real Estate Administration and Disciplinary Board recieve
during their terms? - ANSWERS-Board members receive a per diem stipend and
receive reimbursement of expenses while serving
Who is in charge of appointing a Director of Real Estate and the Deputy Director? -
ANSWERS-The Commissioner of IDFPR
What is the criteria for the Director of Real Estate position and the Deputy Direction
position? - ANSWERS-having a valid broker's license, which has to be surrendered to
IDFPR during the course of service
What are some of the main duties of the Director of Real Estate? - ANSWERS--Serve
as chairperson of the Board (non-voting member)
-Serve as liaison between IDFPR and the real estate profession/industry
-Appoints any committees to assist in carrying out the Director's responsibilities
-Responsible for supervising all real estate activities of IDFPR, subject to the
Commissioner's approval
who is responsible for distributing any and all educational material to licensees? -
ANSWERS-Director of Real Estate
What does the Deputy Director do? - ANSWERS-administer the licensing requirements
of the License Act
what is the Real Estate Research and Education Fund used for? - ANSWERS-used for
research and education for the advancement of the real estate industry, including
scholarship
Where are the real estate research and education fund
,and the real estate administration fund held? - ANSWERS-held in trust by the State
Treasury
who is the Real Estate Research and Education Fund funded by? - ANSWERS-It is
funded by the Real Estate Administration Fund
Real Estate Administration Fund money goes to? - ANSWERS-Money is disbursed for
the operating expenses of IDFPR.
IDFPR Peer Review Advisors - ANSWERS-IDFPR reserves the right to contract with
licensees as "peer review advisors" who would investigate complaints
IDFPR Peer Review Advisors may be compensated up to _________ - ANSWERS-
$15,000 per year
What is the duty of the IDFPR Peer Review Advisors? - ANSWERS-interviewing of
parties to a complaint and to make recommendations to IDFPR (besides in areas where
the advisor conducts business)
What is the fine for practicing in real estate activities without a license? - ANSWERS-up
to $25,000
What is a Leasing Agent License? - ANSWERS-a limited scope license to engage in the
leasing of
residential real estate only
What is a Leasing Agent NOT allowed to do, even with a Leasing License? -
ANSWERS-A leasing agent may NOT engage in any sales activities with this license or
any activities with commercial real estate - these require a real estate broker's license.
What duties can Leasing Agents perform with their license? - ANSWERS--Leasing or
renting of residential property
-Attempt, offer or negotiate to rent or lease residential property
-Collect rent or supervise the collection of rent
What MUST Leasing Agents be sponsored by? - ANSWERS-a sponsoring broker or
broker firm
What are examples of some of the activities you can do with a leasing license? -
ANSWERS-1) Respond to phone inquiries from consumers regarding the availability
and pricing of brokerage services
2) Respond to phone inquiries from consumers regarding the price or location of
property
, 3) Attend an open house and respond to questions about the property
4) Set appointments to view a property
5) Respond to questions from consumers who visit a licensee's office concerning
services or properties
6) Accompany an appraiser or another third party to a transaction on a visit to the
property
7) Describe the property in response to a consumer's questions
8) Complete factual information for a consumer on an offer to purchase on behalf of a
client
9) Show a client a property being sold by an owner on their own behalf
10) Referrals to other licensees or service provider
What are some examples of exemptions to the leasing requirement? - ANSWERS-1)
Any person, partnership or corporation that acts as a broker
2) An attorney acting under a duty executed by a real estate attorney by law
3) Any person acting as receiver, trustee in bankruptcy, administrator,
executor or guardian or while acting under a court order or under the authority of a will
or testamentary trust
4) Any person acting as a resident manager for the owner or broker managing an
apartment complex, when the resident manager or broker resides on the premises
themselves
5) Any officer or employee of a federal agency in the conduct of official duties
6) Any officer or employee of the State government or any political
subdivision thereof performing official duties
7) Any multiple listing service or information exchange that is engaged in the collection
and dissemination of information concerning real estate available for sale, purchase,
lease or exchange along with which no other licensed activities are provided
8) Railroads and other public utilities regulated by the State of Illinois, or the officers or
full-time employees thereof, unless the performance of any licensed activities is in
connection with the sale, purchase, lease or other disposition of real estate or
investment therein not needing the approval of the appropriate state regulatory authority
