Question 1
Under the Illinois Real Estate License Act, unless a written agreement says otherwise, a licensee working with a consumer is treated as that consumer's:
Illinois real estate practice test
20 questions: 10 on Illinois license law and 10 national, each answer explained. Illinois passes you at 70% on the national portion and 75% on the state portion.
20 free Illinois practice questions
Answer them all, then mark the test to see every answer explained.
Question 2
An Illinois licensee is working with a buyer who is a customer, not a client. By when, at the latest, must the licensee tell the buyer in writing that the licensee is not the buyer's agent?
Question 3
What does an Illinois licensee need before acting as a dual agent for the buyer and the seller in one sale?
Question 4
An Illinois brokerage agreement runs longer than one year. To be valid, it must let the client end it each year by giving written notice of no more than:
Question 5
After taking on a new licensee, how soon must an Illinois sponsoring broker notify the Department of the sponsorship?
Question 6
A sponsored Illinois licensee helps close a sale. From whom may the licensee accept compensation for that work?
Question 7
An Illinois sponsored licensee wants to advertise a listing. Under whose name must the advertising appear?
Question 8
Unless the principals require otherwise in writing, an Illinois broker's escrow account for earnest money must be:
Question 9
For at least how long must an Illinois brokerage keep the records of a special (escrow) account transaction?
Question 10
Which task is an Illinois residential leasing agent NOT allowed to do?
Question 11
An owner's oddly shaped lot cannot fit a house within the required setback. Which should she ask the zoning board for?
Question 12
Two siblings own a lake cabin as tenants in common, one with 70% and one with 30%. The 30% owner dies. What happens to her share?
Question 13
Which approach is most useful for valuing a new public library, which rarely sells and earns no rent?
Question 14
A seller orally agrees to sell her house and then changes her mind. Why can the buyer usually not enforce the deal?
Question 15
A seller signs an exclusive right-to-sell listing, then finds a buyer herself. Does the broker earn a commission?
Question 16
An agent mails owners warning that 'people of a different religion are moving in, so sell now before prices fall.' What is this?
Question 17
Federal lead-based paint disclosure rules apply to most housing built before which year?
Question 18
On a conventional loan, when must lenders end private mortgage insurance automatically, if the borrower is current?
Question 19
A buyer agrees to pay $340,000. The home appraises at $330,000. The lender will lend 80% of the price or the appraised value, whichever is less. How much cash must the buyer bring for the down payment?
Question 20
A home has a market value of $400,000 and is assessed at 25% of market value. The tax rate is 65 mills. What is the annual property tax?
| National portion | 100 questions, 150 minutes, 70% to pass |
|---|---|
| State portion | 40 questions, 90 minutes, 75% to pass |
| Exam fee | $58, paid to PSI |
| Where | A PSI test center or online with a remote proctor |
| Education first | 75 hours, 15 of them situational and case studies |
| After you pass | Apply to IDFPR within one year |
Getting licensed in Illinois
- Finish the 75-hour broker pre-license course.
- Book the broker exam with PSI, at a test center or online.
- Pass both portions. Fail one, and you retake only that one.
- After four failed attempts, take the 75-hour course again.
- Apply to IDFPR within a year of passing, with a sponsoring broker.
- Finish 45 hours of post-license courses before your first renewal.
What the Illinois law questions cover
- Designated agency and disclosure to customers
- Dual agency consent
- Brokerage agreements and sponsorship
- Advertising under the sponsoring broker's name
- Escrow accounts and records
- Residential leasing agents
Next step
Questions people ask
How many questions are on the Illinois real estate exam?
140: 100 on the national portion in 150 minutes and 40 on the state portion in 90 minutes.
What score do you need to pass the Illinois real estate exam?
70% on the national portion and 75% on the state portion. Fail one and you retake only that one.
How much does the Illinois real estate exam cost?
$58, paid to PSI. You can take it at a test center or online with a remote proctor.
How many times can you take the Illinois real estate exam?
Four attempts. After the fourth failure you take the 75-hour course again.