Question 1
Who holds legal and equitable title to real estate held in an Illinois land trust?
- A. The trustee
- B. The beneficiary
- C. The county recorder
- D. The beneficiary's lender
LICENSEIQ · ILLINOIS
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real estate exam.
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YOUR COURSE, AT A GLANCE
What's on the Illinois exam
National principles
- Property Ownership & Land Characteristics6 lessons
- Land-Use Controls & Government Regulation5 lessons
- Valuation & Market Analysis (Appraisal)6 lessons
- Real Estate Financing7 lessons
- Contracts6 lessons
- Agency Relationships6 lessons
- Property Disclosures5 lessons
- Property Management6 lessons
- Transfer of Title6 lessons
- Practice of Real Estate: Fair Housing, Antitrust & Trust Accounts5 lessons
- Real Estate Mathematics & Calculations13 lessons
- Ethics8 lessons
Illinois law & practice
- Illinois Licensing, Sponsorship and Education4 lessons
- Illinois Agency and Brokerage Agreements4 lessons
- Escrow, Advertising, Discipline and the Recovery Fund4 lessons
- Illinois Property Disclosures3 lessons
- Illinois Property Law, Taxes, Condominiums and CICs4 lessons
- Illinois Landlord-Tenant Law and the Illinois Human Rights Act3 lessons
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Question 2
Which is a Chicago RLTO requirement for security deposits?
- A. Holding it in a federally insured Illinois account and paying interest each year
- B. Limiting the deposit to no more than one month's rent
- C. Returning the deposit within 10 days after move-out, with no deductions permitted for any reason
- D. Holding the deposit in the landlord's operating account
Question 3
When must a licensee acting as a designated agent give the client written disclosure of the designated agency relationship?
- A. At the closing table, when the settlement statement is signed
- B. No later than beginning to work as a designated agent for that consumer
- C. Within 10 days after the purchase contract is accepted
- D. Only if the client asks for it in writing during the transaction
Your Illinois questions, answered.
Who is REX?
REX is your AI tutor for the Illinois exam — not a real person — grounded in LicenseIQ's course.
Does this replace my prelicensing course?
No. It's an independent study tool to help you learn and pass; complete your state's required education.
Where can I verify the rules?
Always verify current requirements with Illinois Dept. of Financial and Professional Regulation (IDFPR).
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