Leasing agent Study Material Chpt 1-5 questions with
verified answers
A black prospect made an offer. Did the broker violate the law by telling the seller
that the prospect is black? Ans✓✓✓ Yes, because it should not have mattered.
A contract is void if it ..? Ans✓✓✓ has an illegal purpose
A Contract that binds one party but contains a defect that gives the other party
the right to withdraw is called what ? Ans✓✓✓ Voidable contract
A contract that results when a promise is exchanged for a promise is called....?
Ans✓✓✓ A bilateral contract
A landlord in Illinois would be allowed to reject a tenant on the basis of the tenant
Ans✓✓✓ having several large and unpaid debts
A lease conveys the right of possession and use to the ..? Ans✓✓✓ lessee
A lease for a six-month term would be classified as a what? Ans✓✓✓ Tenancy
for years
A lease is automatically terminated by: Ans✓✓✓ the taking of the property
under eminent domain for the purpose of constructing an artificial lake.
, A licensee has just collected a commission from the owner of a home she was
sold. She would be in violation of a licensed law unless... Ans✓✓✓ She holds a
valid real estate brokers license
A month-to-month tenancy is classified as what? Ans✓✓✓ A periodic estate
A person less than 18 years of age has just signed a contract. The legal status of
this contract is ...? Ans✓✓✓ Voidable
A practice of encouraging prospective tenants to avoid certain areas because of
the racial or religious composition of the neighborhood is best described as
Ans✓✓✓ Steering
A real estate broker steals 1 million in earnest money and cannot be found. The
total amount of money that can be recovered from the real estate recovery fund
will be what ? Ans✓✓✓ The amount adopted by rule
A real estate license can be revoked for what Ans✓✓✓ Intentionally misleading
someone into signing a contract
A rental contract gives the tenant what ? Ans✓✓✓ right of possession
A residential leasing agent is allowed to engage in leasing transactions that
involve Ans✓✓✓ residential property
a right of possession for a fixed term that allows for automatic renewals for an
additional terms is called what ? Ans✓✓✓ A periodic tenancy
verified answers
A black prospect made an offer. Did the broker violate the law by telling the seller
that the prospect is black? Ans✓✓✓ Yes, because it should not have mattered.
A contract is void if it ..? Ans✓✓✓ has an illegal purpose
A Contract that binds one party but contains a defect that gives the other party
the right to withdraw is called what ? Ans✓✓✓ Voidable contract
A contract that results when a promise is exchanged for a promise is called....?
Ans✓✓✓ A bilateral contract
A landlord in Illinois would be allowed to reject a tenant on the basis of the tenant
Ans✓✓✓ having several large and unpaid debts
A lease conveys the right of possession and use to the ..? Ans✓✓✓ lessee
A lease for a six-month term would be classified as a what? Ans✓✓✓ Tenancy
for years
A lease is automatically terminated by: Ans✓✓✓ the taking of the property
under eminent domain for the purpose of constructing an artificial lake.
, A licensee has just collected a commission from the owner of a home she was
sold. She would be in violation of a licensed law unless... Ans✓✓✓ She holds a
valid real estate brokers license
A month-to-month tenancy is classified as what? Ans✓✓✓ A periodic estate
A person less than 18 years of age has just signed a contract. The legal status of
this contract is ...? Ans✓✓✓ Voidable
A practice of encouraging prospective tenants to avoid certain areas because of
the racial or religious composition of the neighborhood is best described as
Ans✓✓✓ Steering
A real estate broker steals 1 million in earnest money and cannot be found. The
total amount of money that can be recovered from the real estate recovery fund
will be what ? Ans✓✓✓ The amount adopted by rule
A real estate license can be revoked for what Ans✓✓✓ Intentionally misleading
someone into signing a contract
A rental contract gives the tenant what ? Ans✓✓✓ right of possession
A residential leasing agent is allowed to engage in leasing transactions that
involve Ans✓✓✓ residential property
a right of possession for a fixed term that allows for automatic renewals for an
additional terms is called what ? Ans✓✓✓ A periodic tenancy
