Illinois Broker Exam Prep Edge Free Assessment for IL Real Estate Exam Prep
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In order to become an Illinois real estate agent, you'll need to pass the real estate exam! Below are eight free Illinois real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.
1. Renee, an Illinois licensee, applies to the Illinois Real Estate Recovery Fund to seek damages for a judgment the courts awarded her for another licensee's slander. What's the maximum amount she can recover?
- $0
- $25,000
- $50,000
- $75,000
2. Like Illinois brokers, managing brokers must complete four hours of core courses and eight hours of electives each renewal period. What is the other CE requirement for managing brokers?
- 12 additional hours of broker management
- 12 additional hours of supervisory skills
- Eight additional hours of fair housing and agency law
- Six additional hours of legal issues
3. " Dylan, a sponsored broker, is sending out marketing emails to contacts he collected from open house sign-in sheets. Which of these rules must he follow in order to comply with Illinois license law?"
- He may only send marketing emails to these contacts within three months of the date when the recipient first provided contact information, unless they subsequently become his clients.
- He may send only one unsolicited email to each recipient per month.
- He must include his name, his sponsoring broker’s name, and a link to his sponsoring broker’s main website on the first or last page of the email.
- He must include his name, the business name of his sponsoring broker, and the city and state where the principal office is located on the first or last page of the email.
4. Dan, a sponsoring broker in Illinois, has designated one of his licensees to meet with a prospective seller client. When is Dan or his licensee required to disclose the agency relationship to the prospective client?
- At the time the consumer first contacts the firm about a possible working relationship
- Before the sponsoring broker assigns a licensee to the prospective client
- Either before the prospective client and licensee enter into a designated agency brokerage agreement or upon entering into the agreement
- No later than five days after the client and licensee have signed a brokerage agreement
5. Delbert is a licensee who lives in one half of the duplex he owns and rents out the other half. He's placing an advertisement to find a tenant. What does he need to disclose in the ad?
- That he has a dog who barks during the day
- That he is a licensed real estate professional
- That he recently renovated the property
- The hours when parties are allowed
6. In Illinois, when two or more parties own the land, what’s the permitted homestead exemption for their property?
- $10,000
- $15,000
- $20,000
- $30,000
7. What's the chief function of Illinois real estate licensing laws?
- Create career paths for real estate professionals
- Ensure that consumers are protected
- Generate funding for professional education and research
- Grow the economy through a pipeline of professionals
8. The Illinois Human Rights Act adds a number of protected classes to those protected under federal fair housing laws. Which of these statements about real estate-related discrimination in Illinois is true?
- Illinois municipalities are prohibited from enforcing additional protected class protections.
- Landlords can choose whether to abide by federal or Illinois fair housing laws.
- Landlords with fewer than five rental units aren't required to abide by Illinois fair housing laws.
- Mixed use properties with permanent residential units are subject to the Illinois Human Rights Act.
For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.
If you’re ready to feel confident about your upcoming licensing exam, you can purchase our Illinois real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.
Here's What You Need to Know About Your Free Assessment
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Your free assessment consists of access to the Exam Prep Edge initial assessment exam that will give you immediate feedback on the topics you’ve mastered and the ones you still need to work on. Note that you’re required to purchase the program before you’re able to access the study materials or unlimited practice exams.
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It's simple. Choose the program you want to try, sign up, and you're ready to get started. We won't even ask for credit card information until you're ready to buy.
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What happens when my free trial ends?
When you complete your free assessment, your program will be locked until you decide to purchase. If you like the program, you can purchase at any time. Get started!
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