Illinois Real Estate Exam: 10 Practice Questions (With Answers)

The Illinois real estate exam is 140 questions (100 national + 40 state), administered by PSI, with a 75% passing score — you need 105 correct. Illinois has a unique licensing structure (brokers, not salespersons) and is regulated by IDFPR. Here are 10 practice questions focused on Illinois-specific content.

Practice Questions

1. In Illinois, a new real estate licensee is issued which type of license?

A) Salesperson license B) Broker license C) Associate license D) Provisional license

Answer: B — Broker license. Illinois does not issue "salesperson" licenses. New licensees receive a broker license and work under a managing broker — similar to how other states use "salesperson" and "broker" terminology.

2. Which agency regulates Illinois real estate licensees?

A) Illinois Real Estate Commission B) Illinois Department of Financial and Professional Regulation (IDFPR) C) Illinois Secretary of State D) Illinois Attorney General

Answer: B — IDFPR. Unlike most states that have a dedicated real estate commission, Illinois is regulated directly by the Department of Financial and Professional Regulation.

3. Illinois real estate license law is governed by:

A) Illinois Administrative Code Title 68 B) Illinois Real Estate License Act of 2000 (225 ILCS 454) C) Illinois Code Title 30, Chapter 500 D) The Residential Real Property Disclosure Act

Answer: B — 225 ILCS 454. The Illinois Real Estate License Act of 2000 is the primary statute governing licensees.

4. How many pre-license education hours are required for a new Illinois broker applicant?

A) 40 B) 60 C) 75 D) 90

Answer: C — 75 hours. Illinois requires 75 hours of pre-license education for broker applicants.

5. Illinois brokers must renew their license every:

A) 1 year B) 2 years C) 3 years D) 4 years

Answer: B — 2 years. Illinois broker licenses renew on a 2-year cycle.

6. How many continuing education hours does an Illinois broker need per renewal cycle?

A) 6 B) 8 C) 12 D) 20

Answer: C — 12 hours. Illinois brokers need 12 hours of CE per 2-year cycle, including 4 hours of Core B and 8 hours of electives.

7. Which of the following is a protected class under Illinois fair housing law but NOT the federal Fair Housing Act?

A) Race B) Sexual orientation C) Disability D) Familial status

Answer: B — Sexual orientation. Illinois adds sexual orientation, gender identity, marital status, ancestry, military status, and source of income to the federal seven protected classes.

8. Illinois requires sellers of residential property to provide which disclosure?

A) The Homeowner's Insurance Disclosure B) The Residential Real Property Disclosure Report C) The Lead Paint Disclosure only D) The Environmental Impact Disclosure

Answer: B — The Residential Real Property Disclosure Report. Illinois requires sellers to complete and deliver this disclosure to buyers before entering into a purchase contract. It covers the seller's knowledge of defects and conditions.

9. In Illinois, a "managing broker" is most similar to which license type in other states?

A) Salesperson B) Associate broker C) Principal broker or supervising broker D) Appraiser

Answer: C — Principal broker or supervising broker. Illinois's managing broker is the supervisory license level — they run the brokerage and supervise brokers working under them.

10. The Illinois transfer tax in Chicago is approximately:

A) $1.50 per $500 of purchase price B) $3.75 per $500 of purchase price C) $5.25 per $500 of purchase price D) $10.00 per $500 of purchase price

Answer: C — $5.25 per $500 of purchase price. Chicago has one of the higher municipal transfer taxes in Illinois. The statewide transfer tax is $0.50 per $500, but Chicago adds its own tax on top.

Keep Practicing

Illinois's broker-not-salesperson licensing structure and the IDFPR regulatory framework are frequently tested. For full Illinois practice exams, visit [CARealestate.com/states/illinois](https://carealestate.com/states/illinois).