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RE Broker Renewal
Study Questions
Advertising is a separate issue and had no place in a discussion or fair housing | False |
Familial status refers to an adult with a child 18 or younger living w him/her | True |
The IL Human Rights Act protects add'l classes of individuals not protected under fed law | True |
Performance of any ministerial act will create an agency r'ship | False |
Upon completion of the brokerage agmnt confidential info is no longer confidential and be may be disclosed. | False |
A licensee may act as a dual agent only with the written consent of both clients | True |
Lic'd personal asst's are req'd to have a written employment agrmnt w the sponsoring broker. | True |
Employing any person on a single deal-basis as a means of evading the law is illegal | True |
All escrow moneys must be place in interest-bearing accounts. | False |
A sponsored licensee is permitted to open an escrow account in his/her name if requested to do so by the client. | False |
Open listings are legal in IL | True |
Net listings are legal in IL | True |
Multiple Listing Services can always specify the type of listings their member brokers must use. | False |
Real Estate licensees are exempt from the do not call rules | False |
Written listing agmts must either contain 1 specific and automatic end date or give the client to terminate the agmnt w 30-days notice | True |
Exclusive right to sell listings are most preferred by brokers bc sellers must pay the commission even if they sell the property themselves. | True |
Since listing agmts represent the seller, they do not need to make any disclosures to the seller. | False |
A listing agreement is an employment agreement. | True |
Some listings that are not in writing are legal in Illinois | True |
Senders of commercial email must give consumers a way to avoid receiving future emails. | True |
Created by:
Moosehead