Free Illinois Real Estate Practice Exam Questions (February 2024) 40+

Illinois Real Estate Exam

1 / 40

What year was the ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc?

2 / 40

How often is continuing education required for Illinois Real Estate Professionals?

3 / 40

An unlicensed employee may NOT do the following?

4 / 40

A managing broker who has supervisory responsibilities for licensees in one or, in the case of a multi-office company, more than one office and who has been appointed as such by the sponsoring broker registered with the Department is called what?

5 / 40

In terms of financing involved for a real estate purchase, which custom is practiced in Illinois?

6 / 40

Mary and Jenny work for M&J Realtors. Jenny is selling a property at 200 Greenhaven St, and Mary has an interested buyer. If Mary and Jenny put together this deal, per Illinois law, this is considered what?

7 / 40

How long are terms for members of the Illinois Real Estate Administration and Disciplinary Board?

8 / 40

Is Illinois a Community Property state?

9 / 40

What is the minimum age to obtain a managing broker's license in Illinois?

10 / 40

Is commingling legal in Illinois?

11 / 40

The Illinois Human Rights Act covers all the following except which circumstance?

12 / 40

Under agency law in Illinois disclosed dual agency is

13 / 40

Per Illinois Agency Law who is the person to whom the agent owes a fiduciary duty?

14 / 40

Who appoints the members of the Illinois Real Estate Administration and Disciplinary Board?

15 / 40

Who must comply with Illinois Fair Housing law?

16 / 40

Cassidy is selling a home in Springfield. She found out the homeowner named Peter has AIDS. Is she required to disclose the fact Peter has aids to the public?

17 / 40

What is the name given to the Illinois license laws under which real estate brokers practice?

18 / 40

A real estate broker named Matt is filling in the blanks on a real estate sales contract. He writes on the contract that his client, the buyer, would like 2% of the sales price at closing to cover closing costs and assorted fees. In this instance, Matt is doing what?

19 / 40

What is the minimum age to become a real estate broker in Illinois?

20 / 40

What is the latest an action can be started for judgment that subsequently results in a post-judgment order for collection from the Real Estate Recovery Fund?

21 / 40

To become a managing broker in Illinois a licensee must have had an active real estate license for at least:

22 / 40

A broker named Thomas works for Linda, owner of L&L Realty. Thomas decides to spend some of his own money to take out an extra ad for a property he really wants to sell. Which of the following statements about his ad and this situation is true?

23 / 40

The ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc has to deal with what?

24 / 40

How long must real estate brokers keep records in Illinois?

25 / 40

The designated address recorded by the Department in the applicant's or licensee's application file or license file as maintained by the Department is called what?

26 / 40

How many members are there in Illinois Real Estate Administration and Disciplinary Board in total?

27 / 40

How long must a member of the Illinois Real Estate Administration and Disciplinary Board be a resident of the state of Illinois?

28 / 40

Jake is an unlicensed personal assistant working for a broker named Lisa. Lisa’s managing broker is Nina who is sponsoring and managing Lisa. Lisa recently closed on a house sale and paid Jake a bonus because Jake helped negotiate the contract. Which of the following statements regarding this situation and Illinois license law, is true?

29 / 40

Which Illinois fund was established for any person aggrieved by an act, representation, transaction, or conduct of a licensee or unlicensed employee of a licensee constitutes embezzlement of money or property, trickery, or forgery or by reason of any fraud, misrepresentation, and more?

30 / 40

How many hours of continuing education are required for real estate license renewal in Illinois?

31 / 40

Practicing real estate without a license, and could result in being fined up to what?

32 / 40

According to Illinois law, licensees must give disclosure of their status to who?

33 / 40

There are many protected classes according to Illinois Fair Housing law and the Illinois Human Rights Act. Which of the following is not a protected class?

34 / 40

Per section 15-75 of the Illinois Real Estate License Act, there are minimum services required when there is an exclusive brokerage agreement in place. Which of the following of these examples is NOT required?

35 / 40

How many days must an aggrieved person give written notice to the Department within 30 days of the entry of any judgment that may result in collection from the Real Estate Recovery Fund?

36 / 40

To become a managing Broker in Illinois how many hours of education must you complete?

37 / 40

What is the purpose of the Real Estate Recovery Fund?

38 / 40

Thelma, a real estate broker, agreed to prepare a deed for her seller in a transaction in which she is the listing agent. Which of the following statements is true regarding this situation?

39 / 40

All escrow funds received by the Sponsoring/Managing Broker shall be deposited into the broker's escrow account when?

40 / 40

Within how long must a licensee notify the Department of a change of residence address?

Your score is

Hello, welcome to our Illinois Real Estate Practice Exam.

This free practice exam is here to help you master the state-specific portion of the Illinois real estate exam. 

In Illinois, there are 140 questions on the exam (100 on the national portion and on the 40 state portion).

For help with the national portion we have our free national practice quiz. That section can be used to study the topics featured on those 100 questions.  

For help with the state portion you're in the right place! This section can be used to study the topics featured on those 40 questions.  

The two most effective study tools for the Illinois state exam portion are using real estate practice exams, and learning Illinois state-specific license laws.

Our state-specific real estate practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like our national real estate practice exam and is updated annually. 

Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

Illinois Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you.

Illinois’s Real Estate Exam FAQ’s

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are Illinois’s Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are Illinois’s requirements:

  • Must be 18 years or older.
  • Must complete required state approved pre-licensing courses (15 credit hours).
  • Estimated cost of total fees and license: $121

How Hard is the Illinois Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in Illinois, you’ll need to get a scaled score of at least 75%. With a total of 140 questions (100 national and 40 state), that means the score to pass is 75 for the national and 30 for the state. 

How Many Questions Can You Miss on the Illinois Real Estate Exam?

In Illinois, you can miss 25 questions on the national and 10 on the state and still pass the real estate exam.

How Many Times Can You Take the Illinois Real Estate Exam?

If you do not pass both the national and state law portions of the exam after three attempts, then you must redo your pre-licensing.

What Is on the Illinois Real Estate Exam?

The 140 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to Illinois real estate license law. Here are what topics you are expected to know:

Illinois State Portion:

  1. Purpose of Illinois License Law
  2. Rules and Regulations of Illinois Real Estate Administration and Disciplinary Board of the Department
  3. Illinois Licensing Requirements
  4. Illinois Agency and License Disclosures

Illinois National Portion:

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate
  11. Real Estate Calculations

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