Real Estate Practice Regulation in Illinois

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Henry is hired by a broker as a real estate agent. Which of the following is the correct way Henry should advertise his name on print material?

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1. Which of the following is necessary to become a real estate agent in Illinois?

2. Bob is a private homeowner. He decides that he wants to sell his property on his own. Which term best describes Bob?

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About This Quiz & Worksheet

Answer these study questions on Illinois regulations in real estate practice. Find out how much you know about key points such as how a broker should advertise their services properly and what is required by state law to become a real estate agent.

Quiz & Worksheet Goals

You'll be assessed on these topics:

  • A term for somebody who wants to sell a property without an agent
  • What intestacy means
  • Articles of the National Associates of Realtors

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on Illinois regulations in real estate
  • Making connections - use understanding of the concept of a real estate broker and how it's connected to Illinois state law
  • Information recall - access the knowledge you've gained regarding the way a broker should advertise their services to potential clients
  • Knowledge application - use your knowledge to answer questions about intestacy and an Article in the National Associates of Realtors which bars any interference of contacts

Additional Learning

Use the lesson called Real Estate Practice Regulation in Illinois for more information on the following topics:

  • Why licensing laws are necessary in the real estate business
  • How advertising in real estate is regulated by the National Association of Realtors (NAR)
  • The role of the Illinois Department of Financial and Professional Regulation
  • Responsibilities of a broker with regard to handing real estate documents legally
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