Illinois Leasing Agent Practice Exam

The Residential Real Property Disclosure Act applies to how many units?

1. 1-2 units

2. 3-5 units

3. 1-4 units

4. 4-6 units

The correct answer is: 1-4 units

The Residential Real Property Disclosure Act in Illinois applies to properties with 1-4 residential units. This includes single-family homes, duplexes, triplexes, and four-unit buildings. The intent of the Act is to ensure that buyers are informed about the condition of the property they are considering purchasing, which is particularly important for smaller residential properties where an inspection might not be mandated. Options indicating 3-5 units or 4-6 units exceed the parameters set by the Act, as properties above four residential units typically fall under different regulations or disclosure requirements. Thus, the correct answer reflects the specific range of residential units that the Act is designed to cover, ensuring that potential buyers receive necessary disclosures for those property types.