Illinois Leasing Agent Practice Exam

True or False: All licensed agents must be sponsored by a broker or firm.

1. True

2. False

3. Depends on the type of license

4. True only for leasing agents

The correct answer is: True

All licensed agents must be sponsored by a broker or firm to legally perform their duties in the real estate market. This requirement ensures that agents operate under the supervision of a licensed broker who is responsible for their actions and ensures compliance with state laws and regulations. This structure helps maintain professionalism and accountability within the industry. Therefore, stating that it is true reflects the foundational principle of how real estate licensing operates in Illinois, as well as in many other states. It's important to recognize the context that all agents, whether they are leasing agents, brokers, or salespersons, require that sponsorship. This sponsorship is not just a formality; it is a critical element that ensures the proper functioning of real estate transactions and protects consumers by ensuring that agents are qualified and guided by experienced professionals.