Illinois Residential Leasing Agent License Practice Exam

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• Another term for blockbusting is?
• Which aspect is included in the essential elements of a contract?
• What is required if a Designated Managing Broker loses their status?
• What does it mean for a real estate license to be inactive?
• Which of the following groups is included as individuals protected under the Fair Housing Amendment Act of 1988?
• An occurrence on a property such as a murder or suicide is an example of what?
• What are the responsibilities of a fiduciary?
• What is true about sponsor cards issued to leasing agents?
• What must landlords disclose if a property was built before 1978?
• When does the leasing agent license expire?
• What type of account is typically used to hold escrow money?
• What type of contract can be voidable if one party is not of legal age?
• How is a contract between an adult and a minor typically categorized?
• A tenant agreed to a six-month lease but never signed it. Which of the following is correct?
• Which element is necessary for a contract to be valid?
• What is signified by the term "latent material defect"?
• What is the purpose of the Real Estate Recovery Fund?
• What is the function of the Real Estate Recovery Fund?
• What is another term for personal property in real estate?
• Under the Security Deposit Return Act, by what time must a security deposit be returned if there are no damages and the property has 5 or more units?
• What does discriminatory advertising indicate?
• When must a landlord pay interest on security deposits according to Illinois law?
• Which federal act requires that certain modifications be made to housing for individuals with disabilities?
• If a leasing agent only places individuals with disabilities in first floor units, this practice would be called?
• What are the general requirements for obtaining a Residential Leasing Agent license?
• What defines the role of a Licensed activity in real estate?
• Which statement is true regarding the licensing of Residential Leasing Agents?
• Can a person with a disability who is disturbing other residents be evicted?
• What must a leasing agent ensure when accepting compensation related to a lease agreement?
• Which act added Familial Status as a protected class?
• In what situation would a security deposit not be returned to a tenant?
• What category do express, implied, bi-lateral, and unilateral fall under?
• What document outlines the specifics of property disclosures in Illinois?
• What is one main characteristic of personal property?
• What type of relationship does a fiduciary establish with their clients?
• Under the Federal Fair Housing Act, which action is permitted?
• In the context of real estate, which duty is NOT typically imposed on a fiduciary?
• Who appoints the members of the Disciplinary Board in Illinois?
• How many times may a person take the state leasing exam before they have to repeat the course?
• Which law provides guidelines against discriminatory leasing practices?
• What is the maximum occupancy limit often set for rental properties?
• What defines a holdover tenant?
• Which statement is based on discrimination according to the Fair Housing Amendment Act of 1988?
• The Civil Rights Act of 1866 prohibits discrimination based on which of the following?
• When must escrow money be deposited by the sponsoring broker?
• What is the minimum time frame for returning a security deposit when the rental unit has no damages?
• When does the 120-day period for a student leasing agent begin?
• In real estate transactions, which term describes intentional deception to secure unfair or unlawful gain?
• What does the Fair Housing Act of 1968 protect against?
• When do escrow funds need to be deposited?
• A residential lease is a contract between:
• Which of the following is NOT considered a violation of the License Act?
• Radon and Meth were added to which act?
• How many hours of continuing education are required for leasing agents during the 24-month period prior to license renewal?
• What does an employment agreement in real estate outline?
• The concept of steering in real estate practices refers to what action?
• Under the Fair Housing Amendment Act of 1988, tenants are allowed to make modifications based on what condition?
• For how long is the sponsor card valid?
• How should landlords handle security deposit interest if applicable?
• When an apartment building is sold, the existing leases are:
• Which act requires that landlords inform tenants about the potential risks of lead-based paint?
• What activities does the Residential Leasing Agent license permit the licensee to engage in?
• What type of tenancy begins in a specific time period and continues indefinitely until terminated by one of the parties?
• What does an Order of Protection do?
• Tenant rents a single-family home and the lease began on February 1st and continues month-to-month thereafter. This is referred to as:
• What does the process of commingling refer to in leasing concepts?
• Where is the original license for a leasing agent kept?
• How are disciplinary actions for leasing agents determined?
• Which party is typically responsible for paying property taxes in a lease agreement?
• What is an example of a common defect that must be disclosed according to the disclosure act?
• A contract entered into between a competent adult and minor is:
• How long does the department require escrow records to be maintained by the sponsoring broker?
• What is the maximum period a landlord has to return a security deposit?
• What is an inducement in the context of leasing?
• What is a latent defect in property?
• What is the primary purpose of disclosure requirements in real estate transactions?
• What is a consequence for a landlord who fails to provide a Lead Based Paint Disclosure for homes built before 1978?
• A property located near an airport has tenant complaints about noise. What action should the landlord take to minimize complaints?
• What is the best practice for advertising property?
• What does the Civil Rights Act of 1866 guarantee?
• Price fixing is an example of a violation of:
• What type of properties are described as offices in real estate?
• What additional protected classes does the Illinois Human Rights Act include?
• Which type of defect relates to incidents that could affect a buyer's perception of the property?
• With whom is the sponsoring broker required to have a written employment agreement?
• What is the status of a leasing agent's license once they provide notice of changing employment and their current broker returns the license?
• Which scenario illustrates a potential violation of the Fair Housing Law?
• Which of the following must be included in a rental agreement?
• What is considered compensation in real estate?
• What is an example of steering in housing?
• Which year saw the addition of senior housing provisions to fair housing laws?
• What must a creditor provide a consumer when a credit application is denied?
• What is a requirement for sponsoring brokers under Illinois law?
• How many Designated Managing Brokers can a company have?
• Which essential element is based on all parties having an accurate knowledge of the terms and conditions of the contract?
• Under which act must a landlord allow reasonable modifications to be made by tenants?
• Who is a Designated Managing Broker?
• What is the term used when a leasing agent refers minority renters to a property located in a different area?
• How many units does the Residential Real Property Disclosure Act apply to?
• What does commingling refer to in real estate?
• What does familial status refer to?
• In Illinois, what is the age requirement for tenants to independently sign a residential lease?
• What should a leasing manager do if a neighborhood has a high crime rate?
• What is the primary responsibility of a Sponsoring Broker?
• How many units does the security deposit act apply to?
• What is the HUD guideline concerning the number of occupants in a bedroom?
• What type of discrimination does the term "Redlining" refer to?
• One of the essential elements to a contract is "consideration". Consideration means:
• The Housing and Community Development Act of 1974 prohibits discrimination based on which characteristic?
• What is correct regarding a leasing agent receiving a check from another licensee for a lease agreement?
• What must a licensee do upon acquiring interest in a property being offered for rent?
• Who is eligible to collect damages from the Real Estate Recovery Fund maintained by IDFPR?
• Who is responsible for the actions of a real estate agent in Illinois?
• What does the term "Familial Status" encompass under housing laws?
• What constitutes a material defect in real estate?
• What does the term "chattel" refer to in property law?
• Lead Based Paint Disclosure is required for residential homes in Illinois that were constructed prior to what year?
• Which one of the following is an example of "blockbusting"?
• What does the Statute of Frauds require regarding leases?
• What does COLAN represent in the context of fiduciary duties?
• Which of the following should not be asked on a rental application?
• What is the primary purpose of a security deposit in rental agreements?
• Which is not an essential element to a valid contract?
• The Fair Housing Amendments Act of 1988 includes which of the following protected classes?
• What is the main protection for families with children under the Fair Housing Act?
• What is the primary purpose of risk management in property ownership?
• How many hours of continuing education are required to maintain a real estate license in Illinois?
• What must leasing agents ensure regarding their professional conduct?
• Under what condition is a housing provider allowed to set limits on tenants having pets?
• What are Offer and Acceptance in the context of contracts?
• Which of the following can terminate an agency relationship?
• A visually impaired man uses an assistance animal. What can the landlord charge for?
• What is Puffing in real estate?
• What does a "blind ad" refer to?
• A prospective tenant asks about neighbor demographics. What is the best response?
• If an owner of a six-unit apartment building discriminates against a 20-year-old pregnant female, which Act would they violate?
• Ancestry and age are protected classes and are part of which Act?
• As a dual agent, which of the following can a licensee disclose?
• Which term refers to fraudulent practices aimed at creating panic selling in a neighborhood?
• What can a landlord do if a tenant breaches a lease agreement?
• Banks cannot charge different loan rates for individuals, based on the neighborhood the home is located in. What is this practice called?
• The protected class of individuals with disabilities includes which characteristics?
• The use of a religious phrase in an advertisement is considered:
• Which one of the following is not an essential element for a contract to be considered valid?
• In Illinois, how much notice is required to terminate a month-to-month lease?
• What term describes the practice of inducing a person to lease or purchase a property based on neighborhood demographics?
• Which type of housing is NOT exempt from Fair Housing Laws?
• What must be true for a lease to be legally binding?
• When can escrow funds be withdrawn by a sponsoring broker?
• Which entity handles complaints regarding potential violations of license acts?
• How many protected classes are identified in the Fair Housing Act of 1968?
• Which law prohibits discrimination based on familial status in rental housing?
• In what year was the first Civil Rights Act passed?
• Which agency is responsible for regulating real estate professionals in Illinois?
• If a resident who is 18 years of age resides in a six flat apartment building and the property is sold, what happens to their lease?
• In the context of residential leasing, what is a common reason for license suspension?
• The practice of blockbusting is aimed at inducing what type of response in potential buyers?
• Which duty of a fiduciary involves keeping accurate records for principals (owners)?
• Under the ADA, what is a reasonable accommodation?
• If a tenant utilizes a service animal for a disability-related issue, what may the landlord require if it is their policy?
• If a fire completely destroys an apartment building, the status of the leases for current residents is?
• In which year did the EPA Program requiring certified contractors for lead-based paint removal go into effect?
• An owner of a single-family home only rents rooms to women. What is the legal outcome?
• An agency relationship can be terminated at any time for any of the following reasons except:
• What is an example of a common inducement offered by landlords?
• What is the potential consequence of commingling funds in real estate?
• How is the fiduciary duty of loyalty best described?
• Which of the following best describes "real property"?
• A licensee discriminated against based on age can file a complaint with IDFPR if what condition is met?
• A landlord advertises a two-bedroom unit for rent but states it is not suitable for the disabled due to stairs. What does this advertisement reflect?
• What is required for a real estate agent to represent a seller?
• The advertisement "Beautiful two-bedroom unit with wooded view" is:
• What does 'Familial status' refer to?
• What is the maximum ownership percentage a licensee can have in a property before requiring disclosure?
• How are commission rates for properties typically determined?
• If the Optionor has decided not to honor the Option to Renew in a lease agreement, what rights does the Optionee have?
• Which exemptions are included in the Fair Housing Act of 1968?
• What does the Residential Real Property Disclosure Act require sellers of residential property with 1-4 units to do?
• What is the purpose of a Sponsor Card in real estate licensing?
• What is the role of a fiduciary?
• How is fraud defined in real estate?
• If a person has been fined $25,000 for unlicensed practice, how long do they have to pay?
• Does a housing provider need to allow a service animal in the pool area?
• What protected classes are included in the Fair Housing Amendment Act of 1988?
• Lead paint disclosure is required for properties built prior to which year?
• What is a characteristic of a lease agreement?
• What is escrow money used for in real estate transactions?
• What disclosure is required when a leasing agent sells their own home?
• Which of the following criteria CANNOT be used to evaluate a prospective tenant's application?
• A person with a disability requests a reasonable modification. Which of the following is NOT considered reasonable?
• What must a licensee selling their own home include in their advertisement?
• What Act requires landlords to refund the security deposit or provide an itemized list of damages?
• Which of the following is a common reason for a lease to be voided?
• What does a fiduciary have a duty to present?
• After a lease expires, what must a tenant do to avoid being categorized as a holdover tenant?
• Which of the following is NOT a federal protected class?
• The Fair Housing Act protects individuals based on which of the following categories?
• Escrow records and employment agreements must be maintained for how many years?
• What action should a tenant take if they discover a significant defect in rental property?
• Within how many days must a list of damages be provided to a vacating tenant?
• If a sponsoring broker's license is suspended, what happens to the licenses they sponsored?
• What can happen if a landlord fails to return a security deposit as required by law?
• What is the time frame for a sponsoring broker to submit the sponsor card to IDFPR?
• The Fair Housing Amendment Act of 1988 includes which category of individuals?
• What does a tenant imply by claiming "constructive eviction"?
• Which of the following is an example of "blockbusting"?
• What is meant by reasonable modification in housing?
• Which group is not considered a protected class under the Fair Housing Act?
• How often can an applicant practice as a Student Leasing Agent?
• What is a voluntary agreement between two competent parties called?
• What is the role of the Disciplinary Board in real estate?
• What is an example of redlining in lending practices?
• If an owner restricts renting rooms to women only, they have:
• Which of the following best describes a Licensee in real estate?
• The Equal Housing Opportunity posting was introduced as an amendment to which act?
• Which individual's actions can lead to a sponsoring broker's license being suspended?
• Which of the following is NOT considered a blind ad?
• Which of the following is a characteristic of a valid lease agreement?
• Which type of modification is typically not permissible under reasonable accommodation guidelines?
• Which of the following best defines a "bundle of rights" in real estate?
• What defines a stigmatized property?
• What is the purpose of a branch office in real estate?
• What is the primary role of a Residential Leasing Agent?
• What is another term for "bundle of rights" in real estate?
• A visually impaired man inquires about renting an apartment and uses an assistance animal. What might he be responsible for?
• Which of the following is a federally protected class?
• At what point can a tenant assert their rights without consequences after lease termination?
• What important regulatory fact is associated with lead-based paint?
• A prospective tenant suspects age discrimination at 18 years old. What is correct regarding age protection?
• In a lease agreement, the Lessor is the:
• If a leasing agent refuses to rent an apartment to a disabled person due to safety concerns, what have they violated?
• What does IDFPR stand for?
• What category does a sponsor card apply to after a student passes the state exam?
• What does blockbusting aim to achieve?
• The Fair Housing Act of 1968 prohibits discrimination based on which factors?
• What type of property is included in the term "personal property"?
• What is the consequence if a lease is broken due to a natural disaster?
• Which of the following actions would be a direct violation of the License Act?
• What purpose do security deposits serve for landlords?
• What constitutes dual agency in real estate?
• Which property-related activity could lead to allegations of steering?
• What requirement applies to the return of a security deposit if the property has 25 or more units?
• Phrases like "Nice area for children" are:
• What age must an applicant be to qualify for a Residential Leasing Agent license?
• Which law provides accommodation requirements for tenants with disabilities?
• Which of the following is NOT covered under the Fair Housing Act?
• Which act is violated when a leasing agent advertises "For families only"?
• Where should a leasing agent's original, active license be kept?
• Which of the following is true about an Inactive License?
• What age group is protected under the Illinois Human Rights Act for age discrimination?
• What is an Unlicensed Assistant prohibited from doing in a real estate office?
• A managing broker must notify the IDFPR in all cases EXCEPT which circumstance?
• When is it permissible for a broker to disclose a tenant’s information?
• Which of the following is a required record for a sponsoring broker?
• What does the notice provision require of a fiduciary?