10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free IL-REMB questions are organized by exam domain, so you can see how each part of the Illinois Real Estate Managing Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
An unlicensed investor never takes title but earns assignment fees by assigning one residential purchase contract in March and another in October. Both assignments occur within the same 12-month period. Under Illinois licensing rules, which conclusion is most accurate?
Correct answer: D - The second assignment triggers the licensing requirement for repeated activity
A seller tells the listing broker that the finished basement floods behind the wall every spring. The seller also says a former owner died by suicide in the home and instructs the broker to disclose neither fact. Which fact creates the clearest affirmative disclosure duty under the Illinois Real Estate License Act?
Correct answer: A - The recurring concealed basement flooding
A seller signs an 'exclusive' listing that requires the broker only to place the property in the MLS. The agreement says the broker will not present offers, help negotiate, or answer questions about contingencies. How is the agreement treated under Illinois law?
Correct answer: B - It is nonexclusive because statutory minimum services were removed
One designated agent represents two buyer clients whose offers on the same property are being considered by the seller at the same time. What additional step does Illinois agency law require?
Correct answer: D - Give written contemporaneous-offer disclosure while protecting each client's terms
A tenant uses a dog for visible mobility assistance, making both the disability and the disability-related need obvious. The property manager has no objective evidence of a threat or substantial damage. Which response complies with Illinois housing rules?
Correct answer: C - Process the accommodation without demanding documentation or charging a pet fee
A city's zoning ordinance permits short-term rentals in a subdivision, but a valid recorded covenant prohibits rentals for fewer than 30 days. A buyer plans to operate weekend rentals. Which advice is most accurate?
Correct answer: D - The stricter recorded covenant still governs the buyer's use
An Illinois home test reports radon at 5.2 pCi/L. The property has a passive radon-resistant system, and the buyer asks the broker what the result means. Which response is most defensible?
Correct answer: A - Explain that the reading exceeds the 4.0 pCi/L action level and recommend qualified follow-up
A buyer cancels under an inspection contingency and demands return of $12,000 in earnest money. The seller disputes the cancellation and directs the sponsoring broker to release the funds to the seller. The escrow clause gives neither party unilateral release authority, and there is no joint written direction or court order. What should the designated managing broker do?
Correct answer: B - Hold the funds in escrow pending joint direction or lawful process
Two days before consummation, a creditor discovers that the Closing Disclosure understated a recording fee by $125. The APR remains accurate, the loan product is unchanged, and no prepayment penalty is added. What is the correct timing consequence?
Correct answer: C - Issue a corrected disclosure without restarting the three-business-day waiting period
A broker has not yet completed the required 45-hour post-license education. Direct designated managing broker involvement is required when the broker performs which task?
Correct answer: A - Negotiating inspection repairs with the buyer's agent
The full bank has 1,020 more IL-REMB questions with explanations.
Continue in the free practice test →
View plans