Illinois Leasing Director Checklist
Description
How to fill out Leasing Director Checklist?
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FAQ
There are 140 scored questions (100 national and 40 state law), and 5-10 pre-test questions that do not affect your score. There is no distinction made between scored questions and pre-test questions on the exam.
Landlord rental licenses are not required by Illinois law but are usually required locally. Check your local jurisdiction for rental license laws and be aware that they typically need to be renewed yearly by paying a fee.
In the state of Illinois, property managers whose jobs involve leasing or selling real estate must obtain real-estate broker's licenses. With such a license, a property manager can collect rent payments, show units for lease or sale, and negotiate contract terms.
You'll have 3 ½ hours to complete the test, and a score of 75% is considered passing (results are provided immediately upon completion). The Illinois Real Estate Exam contains 140 multiple-choice questions. 100 of these questions are national questions and 40 are state questions.
If you fail the exam, you may retake the exam 3 more times (total of four times). If you fail only one portion of the exam (the general or the Illinois specific section), you need retake only the portion you failed.
High School: Must have graduated high school or equivalent. Education: 45 hours of approved managing broker instruction. Experience: Must have been either a salesperson or a broker for two of the past three years and hold an active valid Illinois real estate broker license. Exam: Pass the managing broker exam.
In Illinois, you must obtain a license in order to work as a residential leasing agent. Our pre-licensing program is designed to fulfill the necessary course requirements and prepare you thoroughly for the state licensing exam and application.
The test has 140 multiple-choice questions, 100 of which are national real estate questions, and the remaining 40 being state related. You'll have 2 ½ hours to complete the national portion of the test, and a score of 70% is required to pass.
How long is the Illinois managing broker real estate license exam? The exam is composed of 58 questions. You will be allotted four hours to take the exam.
Illinois Leasing Agent Licensing Requirements High School: Must have graduated high school or equivalent. Education: 15 hours of approved instruction related to leasing residential property. Exam: Pass the leasing agent exam. License Fee: Initial fee is $75.
