Illinois Leasing Agent Practice Exam

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Study for the Illinois Leasing Agent Exam. Prepare with flashcards and multiple-choice questions; each with hints and explanations. Gear up for your licensed career!

Practice this question and more.

In real estate terminology, who is a licensee?

A registered individual provided with a real estate license
Anyone working in an office
A non-licensed assistant
A temporary agent on probation

The correct answer is: A registered individual provided with a real estate license

A licensee in real estate terminology refers specifically to an individual who has completed the necessary education, training, and testing requirements to obtain a real estate license from the state. This licensing confirms that the individual has met legal standards and is authorized to engage in real estate activities, which can include buying, selling, leasing, or managing properties. The term "licensee" is used to distinguish those who have the credentials and legal authority to conduct real estate transactions from other individuals working in the industry, such as office assistants or non-licensed personnel, who do not have this designation.