Illinois Leasing Agent Practice Exam

True or False: Leasing agents must be 21 years old and can only sell residential property.

1. True

2. False

3. True, but can engage in commercial leasing

4. False; there are no age restrictions

The correct answer is: False

Leasing agents in Illinois are not solely restricted to selling residential property; they can also engage in leasing commercial properties. As for the age requirement, while there is a minimum age of 21 to become a leasing agent in Illinois, this statement also includes an incorrect assertion about the nature of properties they can work with. Therefore, the statement that leasing agents can only sell residential property is inaccurate, making the choice of false valid in this context. Additionally, while residential leasing is a significant aspect of what leasing agents do, many can and do involve themselves in the commercial sector, reflecting the breadth of opportunities available in the leasing field in Illinois. The option that states there are no age restrictions is not accurate, as there is indeed a minimum age requirement of 21; thus, options that assert either limitations or no restrictions both do not align with the state's regulations.