Illinois Residential Leasing Agent Exam Prep

Practice flashcards for Illinois Residential Leasing Agent License preparation, focusing on Real Property, Contracts, Leases, and State Law.

Man-made objects that are directly attached to the land, such as a building, a fence, or landscaping, are known as __________.

improvements

The three distinguishing characteristics of real property are permanence, non-homogeneity, and __________.

immobility

An item of personal property does not become a fixture if it is attached to real property for a business purpose; these items are called __________ fixtures.

trade

Ownership of real estate by one person or entity is referred to as ownership in __________.

severalty

The form of group ownership where the interests of a deceased owner can be passed along to chosen heirs is called __________ in common.

tenancy

A __________ contract is formed by the actions of the parties and is not stated orally or in writing.

implied

A __________ contract is formed when two parties exchange promises, such as a tenant promising to pay rent for an apartment.

bilateral

In Illinois, the __________ of frauds requires real estate contracts to be in writing to be enforceable, with the exception of leases for one year or less.

statute

The Illinois statute of limitations requires that action against a party who committed fraud or violated a contract must be initiated within __________ years.

4

The actual use of force to induce another to act against his or her will is known as __________.

duress

A type of leasehold estate that automatically renews itself from period to period (e.g., month-to-month) is a __________ tenancy.

periodic

Acceptance by __________ occurs when a tenant takes possession of the premises without signing the lease, and is recognized by the courts.

ratification

A sublease is also called a __________ lease because the original tenant is positioned between the original lessor and the sublessee.

sandwich

In Illinois residential buildings which have __________ or more units, the lessor must pay interest annually on security deposits held longer than six months.

25

The court action initiated by a lessor to perform a sanctioned removal of a lessee from the premises is called a forcible entry and __________ action.

detainer

Sellers and landlords of housing built before the year __________ must provide a pamphlet explaining the hazards of lead-based paint.

1978

Under the Illinois Radon Awareness Act, residential landlords must provide tenants with the pamphlet titled __________.

‘Radon Guide for Tenants’

Panic __________ occurs when a licensee implies that people of a protected class are moving into a neighborhood to induce owners to sell.

peddling

The country’s first comprehensive civil rights law for the protection of persons with disabilities is the Americans with __________ Act of 1990.

Disabilities

Illinois residential leasing agent licenses expire on __________ 31st of even-numbered years.

July

A student may practice as a residential leasing agent for a maximum of __________ days while pursuing their license.

120

After their first renewal, Illinois residential leasing agents must complete __________ hours of continuing education every two-year period.

8

Any real estate advertisement that does not include the sponsoring broker’s business name is known as __________ advertising and is illegal.

blind

A licensee practicing __________ agency represents both the owner and the tenant in the same transaction with informed written consent.

dual

The maximum civil penalty the IDFPR can collect per offense for unlicensed practice is __________.

$$25,000$$

When must a sponsoring broker notify the Department of Financial and Professional Regulation?

When changing office locations

The purpose of the Statute of Frauds

require certain contracts to be in writing

Which of these license types is NOT issued by the IDFPR?

Commercial Leasing Agent

Which of the following practices are illegal under the Fair Housing Act of 1968?

Advertising for rent to whites only

When a sponsoring broker has his or her license suspended for two years, what effect does this have on the other licensees sponsored by that broker?

Sponsored licensees licenses are inactive until securing a valid sponsorship with a new sponsoring broker

Under the Fair Housing Act, what is required for alterations in rental properties for the disabled?

The tenant may make reasonable modifications at their expense

When a lessee transfers the entire remaining interest of his/her lease to another party, it is called :

an assignment

Ownership of land by one person is called :

ownership by one person or entity

How often must a residential leasing agent renew their license in Illinois?

every 2 years

What does consideration in a contract mean?

a promise offered in exchange for an action, another promise, or something of value

What is a counteroffer in real estate contracts?

The rejection of an original offer with a proposal of slightly different terms

Which of these should NOT be asked during a tenant interview process?

Do you have a physical disability?

An attorney wants to become a licensed residential leasing agent. Which statement is true?

The attorney is not required to complete real estate pre-license education

When would a contract be unenforceable?

When it lacks a written form that is required by

Concurrent ownership in which interests pass to heirs upon death is called :

tenancy in common

How does periodic tenancy work?

It automatically renews itself and can be week-to-week, month-to-month etc.

What is required of owners participating in the Section 8 program?

To maintain properties in a decent, safe, and sanitary condition

A business that helps tenants find rentable properties is a :

Rental finding service

What is a voidable contract?

A contract that allows one party to withdraw from it

Even without filing a complaint of alleged fair housing discrimination with the secretary of HUD, an aggrieved person may bring a civil suit in Federal District Court up to :

2 years of the occurrence

_______________ is the promise offered in exchange for an action, something of value, or another promise

Consideration

What must a landlord do under the Fair Housing Act for a disabled tenant?

Permit reasonable modifications at the tenant’s expense

What is tenancy in common?

ownership where interests of a deceased owner pass to heirs

What are the educational requirements for a residential leasing agent in Illinois?

15 hours of instruction in an approved pre-license course

When the tenant wrongfully holds over following the expiration of the lease, the tenancy is :

at sufferance

Which of the following best describes the term “voidable” contract

a contract which is presently binding but in the future could become unenforceable by one of the parties

What happens if a residential leasing agent practices without a valid license in Illinois?

They can be prosecuted for a misdemeanor

The owner of real estate who leases it to another is called the :

lessor

An offeree has the right to :

reject an offer

What is the penalty for a designated managing broker who fails to supervise a licensee appropriately?

License suspension or revocation

The principal theme of federal fair housing is to :

prohibit discrimination in housing transactions

What does the Illinois Radon Awareness Act require of residential landlords

To disclose radon hazards if a radon test has confirmed their presence

Which of the following is covering under the federal Fair Housing Act?

mobility and visual impairments

A listing broker offers a $1,000 commission to a residential leasing agent who brought them to a tenant. The commission must be paid to who?

The residential leasing agent’s sponsoring broker

Which agency has authority to enforce the federal Fair Housing Act?

HUD

An agent informs numerous families in a neighborhood that several minority families are planning to move into the immediate area, and that the trend could have adverse effects on property values. This activity is :

blockbusting

A property was the site of a murder-suicide that had no impact on the building’s physical condition. The property is an example of :

stigmatized property

What is the minimum age requirement for a residential leasing agent license candidate in Illinois?

18

How does the Fair Housing Act address advertising in real estate?

It prohibits discriminatory advertising related to sale or rental

In the event that it is necessary for a landlord to remove a tenant from the premises, he or she does it by :

filing an eviction suit

In general, which of the following activities can only be done by a real estate licensee?

Collecting compensation as a part of real estate transaction

An individual who is operating a rental finding service must provide :

service contracts to consumers before accepting compensation

The rights acquired through a residential lease are considered :

Under a tenancy for years :

no notice is required to terminate the lease

What is a sublease in the context of real estate leases?

Transfer of less than all tenant’s rights under the lease

In order to be enforceable, a real estate contract must be :

in writing

When a tenant holds possession of a landlord’s property without a definite lease term but with the consent of the landlord, this is called :

tenancy at will

A new contract may be substituted for an existing one through the process known as :

novation

Surface rights, air rights, and subsurface rights are :

separable

The maximum payment from the Real Estate Recovery Fund to any one aggrieved person :

shall be adopted by rule

A landlord tells a leasing agent to avoid showing apartments to families with children because the building is “quiet”. What should the agent do first?

Refuse and continue showing all qualified applicants

Which of the following is NOT a protected class under Illinois Fair Housing law?

Education

A tenant with a service animal applies. The landlord says “no pets allowed".” What is correct?

Must allow the animal with no pet fee

A leasing agent casually tells a friend that a tenant is “probably illegal” based on appearance. This is :

Fair housing violation

Steering is best described as :

Directing applicants based on a protected class

A lease is signed but does not include the move in date. It is :

Still valid if essential terms exist

Which clause would MOST likely be unenforceable?

No disclosure of habitability issues