Illinois Leasing Agent Exam Study Guide
Section 1: Licensing Requirements
- Eligibility: Must be at least 18 years old, have a high school diploma (or equivalent),
and complete a 15-hour pre-license course.
- Exam Details: Administered by PSI, multiple-choice format, covers state and federal
leasing laws.
- Renewal & Continuing Education: License renews every two years; requires 6 hours of
continuing education.
Section 2: Fair Housing Laws
- Federal Laws: Fair Housing Act prohibits discrimination based on race, color,
religion, sex, disability, familial status, and national origin.
- Illinois-Specific Regulations: Includes additional protections such as sexual
orientation, gender identity, age, and source of income.
- Americans with Disabilities Act (ADA): Requires reasonable accommodations and
accessibility.
Section 3: Landlord-Tenant Laws
- Illinois Residential Landlord and Tenant Act: Covers security deposits, lease
agreements, habitability, and eviction procedures.
- Security Deposits: Must be returned within 30 days with an itemized statement of
deductions if applicable.
- Eviction Process: Requires proper notice; legal action must follow specific guidelines.
Section 4: Leasing & Property Management
- Types of Leases: Fixed-term, month-to-month, subleases, and commercial leases.
- Essential Lease Terms: Rent amount, due dates, late fees, maintenance
responsibilities, and termination clauses.
- Tenant Screening: Legal methods for background and credit checks, ensuring
compliance with fair housing laws.
