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!

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What does the acronym "Realtors Can Really Now Sell Houses Fast" stand for?

Real, Color, Rights, Nationality, Sex, Handicap, Family
Race, Color, Religion, National origin, Sex, Handicap, Familial status
Rates, Commissions, Residences, Neighborhoods, Sales, Funds
Residences, Communities, Rentals, Neighborhoods, Spaces, Facilities

The correct answer is: Race, Color, Religion, National origin, Sex, Handicap, Familial status

The phrase "Realtors Can Really Now Sell Houses Fast" serves as a mnemonic device to help remember the components of the Fair Housing Act, which prohibits discrimination in housing. The correct answer lists these components accurately: race, color, religion, national origin, sex, handicap, and familial status. This encompasses the key protections that the Fair Housing Act offers to ensure equal housing opportunities for all individuals, regardless of their background or personal characteristics. Understanding these terms is crucial for leasing agents and real estate professionals as they navigate the legal landscape of housing and work to promote fair practices in real estate transactions.