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Illinois Real Estate Practice Exam

Here are some actual questions you’ll find on your 2024 Illiinois Real Estate Exam!

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Question 1 of 16

1. Question
Which of the following classes are protected under the Illinois Human Rights Act?
- All of the other options are protected under the Illinois Human Rights Act
- Ancestry
- Religious affiliation
- Military Service
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Question 2 of 16

2. Question
Peter is a broker licensed in Illinois by reciprocity with another state. Which of the following situations allow Peter to be exempt from the law regarding maintenance of a place of business in Illinois?
- Peter must maintain an active broker's license in his home state & Peter must maintain an office in his home state.
- None of the other options are correct
- Peter must maintain an office in his home state.
- Peter must maintain an active broker's license in his home state.
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Question 3 of 16

3. Question
Kathleen is licensed to sell real estate in Illinois. Whom may she work for?
- There are no boundaries, and Kathleen may work for any broker within the United States.
- Kathleen may work for any broker in Illinois.
- Kathleen may only work for her sponsoring broker.
- Kathleen may work for any broker, but only with the permission of the Illinois Real Estate Commission.
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Question 4 of 16

4. Question
Which term refers to the process by which a broker or salesperson who lives in a state with a reciprocal licensing agreement with Illinois may be issued an Illinois license if all mandated conditions are met?
- Licensing by Reciprocity
- Council approved licensing
- Neighboring states agreement
- Cross-state licensing
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Question 5 of 16

5. Question
Under what circumstances, according to the Illinois Human Rights Act, may a religious organization only rent or sell to those of the same religion?
- Only when given written permission by the IDFPR.
- Only if such religious membership is not restricted by race, color or national origin.
- Only when the membership is approved by the Act.
- Under no circumstances.
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Question 6 of 16

6. Question
What does IEPA stand for?
- Illinois Equality Protection Agency
- Illinois Environmental Protection Agency
- Illinois Environmental Protection Act
- Illinois Environmental Prosecution Act
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Question 7 of 16

7. Question
Who does NOT need a real estate license under Illinois law?
- An attorney acting under power-of-attorney to deal with property from the owner.
- Someone supervising the collection of rent (or offering to do so) for the use of real estate.
- Someone who negotiates or agrees to negotiate the sale, exchange, purchase, rental or lease of real estate.
- Someone advertising or representing herself as working to buy, sell, exchange, rent or lease real estate.
Correct

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Question 8 of 16

8. Question
From what source do Illinois local units of government receive their powers of eminent domain?
- The Illinois Constitution and Code of Civil Procedure
- A grant of authority signed by the governor
- Article 5 of the U.S. Constitution
- The Illinois Statehood Charter of 1818 and the Code of Administrative Procedure
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Question 9 of 16

9. Question
A sponsoring broker signs a listing agreement with a seller. The agreement contains the following clause: “If the property has not been sold after three months from the date of this signing, this agreement will automatically continue for additional three-month periods thereafter until the property is sold.” Based on these facts, which of these statements is TRUE?
- This agreement is illegal in Illinois
- Illinois law will automatically apply a statutory six-month listing period to this open listing
- The agreement is legal under Illinois law because it contains a reference to a specific time limit
- This agreement is legal under Illinois law because the time periods are for less than six months each
Correct

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Question 10 of 16

10. Question
In Illinois, which of these is TRUE of an individual who wishes to engage only in the leasing of residential real property?
- The individual may obtain a certified leasing-agent designation by passing a test.
- The individual may obtain a limited leasing-agent license by completing 15 hours of instruction and passing a written examination.
- The individual may engage in residential leasing activities without obtaining a license or other certification.
- The individual must obtain a broker’s license and be employed by a broker who specializes in residential leases.
Correct

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Question 11 of 16

11. Question
The organization with primary authority to administer The Real Estate License Act in Illinois is:
- The Illinois Human Rights Act Board
- Illinois Housing Authority
- The Illinois Department of Financial and Professional Regulation
- The Real Estate Advisory Council
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Question 12 of 16

12. Question
Real estate licensees in Illinois must disclose
- all of these.
- minor problems in the neighborhood of which they have knowledge.
- special compensation found outside the scope of their agency relationship.
- designated agency
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Question 13 of 16

13. Question
Three people decide to form a partnership to buy and sell real estate. One partner plans to specialize in residential real estate, the second in commercial real estate, and the third does not plan to list, sell, or rent, but to supervise the office décor and plan holiday parties. Under these facts, which of the general partners needs to be licensed for the partnership to qualify for a broker’s license in Illinois?
- None; under Illinois law, a partnership is an independent entity that may obtain a managing broker’s license regardless of the status of any individual partner.
- All general partners in a general partnership must hold a broker or managing broker license.
- Either of the two who are listing and selling, depending on whether the partnership’s emphasis will be residential or commercial properties, must be licensed.
- All three partners must be licensed real estate managing brokers.
Correct

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Question 14 of 16

14. Question
A judgment issued by an Illinois court is a
- general, involuntary, equitable lien on both real and personal property owned by the debtor.
- specific lien on the debtor’s real and personal property, effective for a nonrenewable period of five years.
- general, involuntary legal lien on all of a debtor’s real property and an equitable, specific lien on the debtor’s personal property.
- general, involuntary, equitable lien on both real and personal property, effective for renewable five-year periods.
Correct

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Question 15 of 16

15. Question
A city in Illinois plans to acquire a resident’s property for a future road. What is this right of the government called?
- Zoning
- Condemnation
- Police Power
- Eminent Domain
Correct

Incorrect
Question 16 of 16

16. Question
Ralph wants a real estate broker’s license by reciprocity. Which of the following requirements must he meet to apply?
- He must take and pass the Illinois portion of the licensure examination.
- He must have a sponsoring broker or be applying as a managing broker.
- He must be actively licensed in a state that has a reciprocal agreement with Illinois.
- All the other options are required.
Correct

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We Also Have Some Free National Questions As Well

Frequently Asked Questions

How to Study For The Illinois Real Estate Exam

We can assume that you do understand the best way to pass any test is to fully understand the material. After all, getting your Illinois Real Estate License is one of the most important accomplishments of your life. So, how do we do that?

Take real estate practice exams over the course of 1-3 months depending on your knowledge level.
Watch YouTube videos of real estate exam prep teachers. They are awesome and they are free! We have quite a few but there are other great teachers as well.
Memorize all the real estate vocabulary. This should be common sense, but make flashcards and just go over them until you know them all.
Sign Up For A Real Estate Exam Prep that guarantees you to pass

How many times can you take the Illinois real estate exam?

Before having to register again for the exam, you’ll have a total of four attempts. If you fail on the fourth attempt you must take the pre-license coursework and retake the exam.

How many questions are on the Illinois Real Estate Test?

We have interviewed PSI and spoken to the Illinois Division Of Real Estate. We can confirm at this time there are 140 total questions on the real estate exam. On the national portion of the exam there are 80 questions and the remaining are Illinois specific.

Is the Illinois Real Estate Exam hard?

Yes! It is very hard. As of 2024, only 68% of agents pass the licensing exam on the first try.

The good news is, the people passing the real estate exam are using a real estate exam test prep (like us!) and their pass rate goes to 93%.

how much is the Illinois real estate exam?

The cost of the exam is $58 for brokers and $37 for agents, whether you take the State exam only or the National Exam only (or take both). Candidates must complete all course requirements and request their FBI report prior to taking the licensing exam. Payment will not be accepted at the test center. Examination fees are non-refundable and non-transferable. Often, if you fail the exam, the fees are a little cheaper for the next one.(but don’t fail, work with us)

Can You Take The Illinois Real Estate Exam Online?

No. In Illinois, you as a student will have to go to an approved PSI testing center to get monitored throughout the exam. There is no final grade given when you complete the test, it will simply tell you if you have passed or if you have failed.

What Questions Are On The Illinois Real Estate Exam?

If you review the real estate exam person candidate guide located on the Illinois Division Of Real Estate website, they list the following. Also, we often conduct exit interviews with our prior students to confirm what questions are on the Illinois R.E. Exam as well as insure the below is accurate.

The exam breakout is as follows:

1. Property Ownership – 8%-10%

2. Land Use Controls & Regulation – 5%

3. Valuation & Market Analysis -7%

4.Financing – 8% to 10%

5. General Principles Of Agency – 11% to 13%

6. Property Disclosures – 7%

7. Contracts – 17% – 18%

8.Leasing & Property Management – 3% – 4%

9. Transfer Of Title – 7%-8%

10. Practice Of Real Estate – 11%

11. Real Estate Math – 5% – 7%

What Score Do I Need On The Illinois Real Estate Exam To Pass?

The minimum score required to pass the multiple-choice portions is determined by using a process known as the Angoff method, in which subject-matter experts estimate the difficulty of each item on the examination for the “minimally competent practitioner” (MCP). These judgments are averaged to determine the minimum passing score, which represents the amount of knowledge an MCP would likely demonstrate on the examination.

For salespersons, you need to answer 75% questions correctly on the National examination and 75% of the questions correctly on the State examination in order to pass. A passing score for the Illinois Real Estate Salesperson Exam is 105/140

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