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Leasing Exam, Exams of Law

University of CambridgeLaw

A study guide or practice exam for a leasing agent exam in illinois. It covers a wide range of topics related to residential leasing, including security deposits, fair housing laws, disclosure requirements, property types, and leasing agent licensing. The questions and answers provide a comprehensive overview of the key concepts and regulations that leasing agents need to be familiar with in order to operate legally and ethically in the state of illinois. The document could be useful for individuals preparing to take the illinois leasing agent exam, as well as current leasing agents looking to refresh their knowledge on relevant laws and best practices.

Typology: Exams

2023/2024

Available from 10/10/2024

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Leasing Exam
In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was
held for how many months? - Question and answers6
Which of the following does not require disclosure?
A. Radon B. Felons living onsite C. Lead-based paint D. Termites - Question and
answersfelons living onsite
What was the date of the first civil rights act? - Question and answers1866
Is it permissable to refuse to rent to a person with a poor credit history? - Question and
answersyes
Who is acceptable to redline? - Question and answerslending institutions
Is occupancy standard a federal law or guideline? - Question and answersguideline
Directing people, especially minorities, toward a specific neighborhood is called what? -
Question and answerssteering
The definition of familial status is residents over the age of 18. True or False? -
Question and answersfalse
A licensee advertises a 15 year old building as new. This is called what? - Question and
answersfraud
A blind ad means an ad is? - Question and answersmissing key information, HAS
NOTHING TO DO W SIZE
Can an unliscensed personal assistant can sit at an open house for area brokers? -
Question and answersyes
When can a tenant claim constructive eviction? - Question and answerswhen it is
uninhabitable
Where is the leasing agent's original license kept? - Question and answersbroker's
office or any branch office
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Leasing Exam

In Illinois for over 25 units, a tenant is entitled to interest on their security deposit was held for how many months? - Question and answers Which of the following does not require disclosure? A. Radon B. Felons living onsite C. Lead-based paint D. Termites - Question and answersfelons living onsite What was the date of the first civil rights act? - Question and answers Is it permissable to refuse to rent to a person with a poor credit history? - Question and answersyes Who is acceptable to redline? - Question and answerslending institutions Is occupancy standard a federal law or guideline? - Question and answersguideline Directing people, especially minorities, toward a specific neighborhood is called what? - Question and answerssteering The definition of familial status is residents over the age of 18. True or False? - Question and answersfalse A licensee advertises a 15 year old building as new. This is called what? - Question and answersfraud A blind ad means an ad is? - Question and answersmissing key information, HAS NOTHING TO DO W SIZE Can an unliscensed personal assistant can sit at an open house for area brokers? - Question and answersyes When can a tenant claim constructive eviction? - Question and answerswhen it is uninhabitable Where is the leasing agent's original license kept? - Question and answersbroker's office or any branch office

When a leasing agent offers to put an elderly resident in a quiet building with others, what is this called? - Question and answerssteering A leasing agent refuses to rent a third floor unit to a disabled resident because there are no elevators in the building. What did the agent violate? - Question and answersfair housing laws A lease with an indefinite ending date is called? - Question and answersperiodic tenancy The Residential Disclosure Act applies to? - Question and answerssellers of 4 units or LESS When are sponsor cards issued and who issues them? - Question and answers hours after license; issued by broker Tenant installed a new light fixture in the dining room. What kind of property is the light fixture? - Question and answersreal An owner of a 12 unit apartment building lives onsite. In his absense, the maintenence person shows vacant apartments. Is this acceptable? Why or why not? - Question and answersYes, the OWNER is exempt from the license The leasing agent license shall expire on July 31 of? - Question and answerseven numbered years Sponsoring brokers must submit the 45 day sponsor card to IDFPR within? - Question and answers24 hours of employment Leasing agent licensees must complete how many hours of continuing education duringthe 24 month period prior renewal? - Question and answers What is a fund used by IDFPR to reimburse aggreieved persons who suffer a loss based on a licensee's actions? - Question and answersReal Estate Recovery Fund The Leasing Agent License allows the licensee to engage in? - Question and answersonly residential leasing activities An applicant shall not practice as a student leasing agent _____________. - Question and answersmore than once in a 24 month period Which is TRUE about sponsor cards? A. Sponsor cards are only issued for leasing agents. B. All sponsor cards must be displayed on the wall of the licensee's office. C. It is a temporary 45 days permit isssued by the sponsoring broker D. It is a 180 day student permit - Question and answersC

Under what act must a landlord allow tenants to make reasonable modifications to an apartment? - Question and answersFair Housing Amendment Act of 1988 The Fair Housing Amendment Act of 1988 includes individuals with? - Question and answersmental illness, AIDS/HIV, alcoholism with rehab The Housing and Community Development Act of 1974 prohibited discrimination based on? - Question and answerssex A lending institution requiring different rates and terms for minorities is an example of? - Question and answersredlining The practice of inducing a person to lease or purchase by making representations about the ethnic makeup of the neighborhood or about a particular persons race living in that neighborhood is called? - Question and answersblockbusting Ancestry and age are protected classes and are part of which act? - Question and answersIllinois Human Rights Act A lending institution charges different loan rates based on the neighborhood the home is located in. This practice is called? - Question and answersredlining Lead based paint disclosure is required for residential homes in Illinois that were constructed prior to what year? - Question and answers A resident who is 18 years of age resides in a six flat apartment building. The property has been listed for sale. When the property sells, what happens to the resident's lease?

  • Question and answersThe lease is not affected, it is transferred to a new owner The Fair Housing Amendment Act of 1988 includes which of the following protected classes? A. disabilities and age B. disabilities and familial status C. familial status and age D. familial status and sex - Question and answersB. disabilities and familial A visually impaired man inquires about the rental of an apartment. He utitlizes the services of an assistance animal. The landlord has a "no pet" policy. The prospective tenant may be responsible for? - Question and answersrepairs to the unit if the assistance animal or owner damage to the property A prospective tenant visits an apartment complex. The leasing manager shows the prospect two available units. Which of the following criteria CANNOT be used in evaluating the prospect's application? A. Criminal background check B. Credit history

C. Income verification D. Medical history - Question and answersD. Medicial history Which one of the following is an example of "blockbusting"? A. Showing apartments only in certain buildings B. Limiting the number of children that can occupy a unit C. Limiting the number of occupants per unit D. Informing prospects of the ethnic makeup of the community - Question and answersD. Informing prospects of the ethnic makeup of the community The Illinois Human Rights Act includes age protection for individuals over which age? - Question and answers When the landlord and tenant mutually agree to cancel a lease prior to the expiration of the term, it is called a? - Question and answerssurrender of lease The act that requires landlords to refund the security deposit or provide a list of itemized damages is called? - Question and answersIllinois Security Deposit Return Act Another name for personal property is? - Question and answerschattel How much notice in Illinois is required to terminate a month to month lease? - Question and answers30 days How many units does a propety need to have before a landlord needs to pay interest on the security deposit? - Question and answers25 residential units A "bundle of rights" is another name for? - Question and answersreal property The Security Deposit Return Act applies to how many units? - Question and answers or more A list of damages must be provided to a vacating tenant within? - Question and answers30 days of lease expiration with itemized list Residential Real Property Disclosure Act applies to how many units? - Question and answers1-4 units Lead paint disclosure is required for properties built prior to? - Question and answers Radon and Meth were added to which act? - Question and answersResidential Real Property Act An occurance on a property such as murder or suicide is an example of? - Question and answersstigmatized property

Do you have to declare to tenants that you do not represent them? - Question and answersyes A contract that is spelled out and definitely agreed on - Question and answersexpressed contract A contract assumed by the actions of the parties and MUST BE IN WRITING to be enforceable - Question and answersimplied contract A contract that has no legal force or effect although essential elements exist - Question and answersvoid contract Is a listing an offer? - Question and answersno Lying is an example of what fraud? - Question and answersactive Saying nothing is an example of what fraud? - Question and answerspassive "Oral statements can support written words but not contradict them" - Question and answersparol evidence rule How long must a lease be for in order to be in writing? - Question and answers1 year How long must you keep lead-based paint records for? - Question and answers3 years What items must you give tenants about lead based paint? - Question and answersbooklet and test results What level is considered a high radon level? - Question and answers4.0 picocuries or higher _______ words take place/precedence of printed words - Question and answershandwritten What type of zones allow you to change zones gradually? - Question and answersbuffer zones type of zoning must be for the good of the community, not just the owner - Question and answersspot zoning What act states that all citizens have the same rights to inherit, buy, sell, or lease real & personal property? - Question and answersCivil Rights Act of 1866 What act prohibits discrimination based on race, color, religion, or national origin? - Question and answersCivil Rights Act of 1968

What amendment to the Fair Housing Act aimed to include familial status & handicapped? - Question and answers1988 Amendment How many protected classes does the federal level have? - Question and answers How many protected classes does the federal and state of IL levels have? - Question and answers How long do you have to file a complaint with HUD? - Question and answers1 year What does the tenant receive from the landlord? - Question and answersposesssion of propety and peaceful enjoyment Illinois requires a minimum __ day notice for foreclosures. - Question and answers