Illinois Real Estate Salesperson State Licensing Exam Version 1
Practice exam for Salesperson and Broker License Exam under Real Estate Exams (Licensing Exams). 5 sample questions.
Sample Questions
You're viewing a limited preview. Log in and subscribe to access all questions.
Log InExam Questions
Question 1
Under the Illinois Plat Act, the law requires the recordation of a plat of survey when a subdivision contains any lots of less than
Correct Answer: A
Rationale: The Illinois Plat Act requires a recorded plat of survey for subdivisions with any lot under 5 acres to ensure proper legal descriptions and public record. This protects property boundaries and facilitates future transactions. Larger parcels may use metes and bounds descriptions instead.
Rationale: The Illinois Plat Act requires a recorded plat of survey for subdivisions with any lot under 5 acres to ensure proper legal descriptions and public record. This protects property boundaries and facilitates future transactions. Larger parcels may use metes and bounds descriptions instead.
Question 2
In addition to federally protected classes, the Illinois Human Rights Act addresses
Correct Answer: C
Rationale: The Illinois Human Rights Act expands federal protections to include marital status, ancestry, and military discharge status. These additional categories prohibit discrimination in housing and employment. This reflects Illinois' broader commitment to equal opportunity.
Rationale: The Illinois Human Rights Act expands federal protections to include marital status, ancestry, and military discharge status. These additional categories prohibit discrimination in housing and employment. This reflects Illinois' broader commitment to equal opportunity.
Question 3
In Illinois, a licensee may receive a commission from someone other than their sponsoring broker when the
Correct Answer: B
Rationale: Illinois law requires all compensation to flow through the sponsoring broker to maintain accountability and compliance. The sponsoring broker must explicitly consent to any external commission. This prevents unauthorized payments and protects clients.
Rationale: Illinois law requires all compensation to flow through the sponsoring broker to maintain accountability and compliance. The sponsoring broker must explicitly consent to any external commission. This prevents unauthorized payments and protects clients.
Question 4
When acting as a dual agent in Illinois, the licensee
Correct Answer: B
Rationale: Dual agency requires written consent from both parties after full disclosure of limitations on confidentiality and advocacy. Consent must be obtained before or at the time an offer is written. The agent cannot favor one party or reveal confidential information.
Rationale: Dual agency requires written consent from both parties after full disclosure of limitations on confidentiality and advocacy. Consent must be obtained before or at the time an offer is written. The agent cannot favor one party or reveal confidential information.
Question 5
If an Illinois real estate licensee has an ownership interest in a property being sold and has failed to inform the purchaser of such interest, the licensee
Correct Answer: C
Rationale: Illinois law mandates full disclosure of any ownership interest in a property being sold. Failure to disclose is a material misrepresentation and violates license law. The licensee faces disciplinary action regardless of ownership percentage.
Rationale: Illinois law mandates full disclosure of any ownership interest in a property being sold. Failure to disclose is a material misrepresentation and violates license law. The licensee faces disciplinary action regardless of ownership percentage.