1. Under the Illinois Plat Act, the law requires the recordation of a plat of survey when a subdivision contains any lots of less than
A. 5 acres. Correct
B. 7 acres.
C. 9 acres.
D. 10 acres.
Explanation
The Illinois Plat Act requires a recorded plat of survey for subdivisions with any lot under 5 acres to ensure proper legal descriptions and public record. This protects property boundaries and facilitates future transactions. Larger parcels may use metes and bounds descriptions instead.
2. In addition to federally protected classes, the Illinois Human Rights Act addresses
A. race, color, sexual orientation, and age.
B. national origin, age, familial status, and handicaps.
C. marital status, age, ancestry, and military discharge status. Correct
D. color, ancestry, sexual orientation, and HIV status.
Explanation
The Illinois Human Rights Act expands federal protections to include marital status, ancestry, and military discharge status. These additional categories prohibit discrimination in housing and employment. This reflects Illinois' broader commitment to equal opportunity.
3. In Illinois, a licensee may receive a commission from someone other than their sponsoring broker when the
A. commission was earned under a previous sponsoring broker.
B. sponsoring broker has given consent. Correct
C. licensee has a nonresident license.
D. consent of both buyer and seller has been given.
Explanation
Illinois law requires all compensation to flow through the sponsoring broker to maintain accountability and compliance. The sponsoring broker must explicitly consent to any external commission. This prevents unauthorized payments and protects clients.
4. When acting as a dual agent in Illinois, the licensee
A. owes loyalty to the client they have worked with for the longest period of time.
B. must have consent signed after the client executes an offer to purchase. Correct
C. can show comparable sales to the buyer upon request.
D. can suggest the buyer make a lower offer.
Explanation
Dual agency requires written consent from both parties after full disclosure of limitations on confidentiality and advocacy. Consent must be obtained before or at the time an offer is written. The agent cannot favor one party or reveal confidential information.
5. If an Illinois real estate licensee has an ownership interest in a property being sold and has failed to inform the purchaser of such interest, the licensee
A. cannot collect a sales commission on the self-owned portion.
B. has acted unethically, but not illegally.
C. has committed an illegal act and is subject to disciplinary action. Correct
D. has not erred unless the licensee ownership interest is greater than 50%.
Explanation
Illinois law mandates full disclosure of any ownership interest in a property being sold. Failure to disclose is a material misrepresentation and violates license law. The licensee faces disciplinary action regardless of ownership percentage.