Real Estate Licensing In Illinois Study Guide Rated A+

Fair Housing Act Violation {Ans: Illegal because the difference in the offering price and the quoted price was greater than 10%.}Tenant Referral Limit without License {Ans: A tenant can refer a maximum of three tenants in a 12-month period without a real estate license.}Broker License Requirement {Ans: Requirement for individuals applying for a Broker's license.}Civil Rights Act of 1968 Provisions {Ans: Legal scenarios regarding discrimination based on race.}Risk Management - Controlling the Risk {Ans: Installing raised platforms and elevating the furnace to mitigate potential flood damage.}Broker's Disclosure Obligation {Ans: Must clearly disclose representing seller's interests to prospective buyers.}