Complete Illinois Residential Leasing Agent License Practice Exam 2025 – Your Comprehensive Guide to Exam Success!

Question: 1 / 400

Which statement is true regarding the licensing of Residential Leasing Agents?

Leasing agents may engage in either sales or rental of all property types

Leasing agents may engage in only the sale of residential property

All leasing agent applicants must be 21 years of age

All licensed agents must be sponsored by a broker or broker firm

The statement that all licensed agents must be sponsored by a broker or broker firm is accurate because in Illinois, residential leasing agents are not allowed to operate independently. They must work under the supervision of a licensed real estate broker. This requirement ensures that leasing agents have access to necessary resources, training, and oversight, which helps protect both the agents and their clients. The involvement of a broker or broker firm also facilitates compliance with legal and ethical standards in real estate transactions.

By being sponsored, leasing agents can leverage the experience and knowledge of their supervising broker, which enhances their ability to serve clients effectively. This structure also helps maintain a level of professionalism in the industry, as brokers are responsible for the actions of the agents they sponsor.

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