Illinois real estate Study guides, Class notes & Summaries

A large manufacturing company agrees to relocate to an economically depressed neighborhood of Chicago if the city can provide suitable property. The property needed is a large vacant lot owned by an investment partnership that refuses to sell. If the City of Chicago wants to relieve unemployment in the neighborhood and improve commercial conditions in the city by bringing in the manufacturer, what can the city legally do? A) Nothing; private real property is exempt from the power of eminent dom...

Illinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% Correct When waterborne silt is deposited in a lake or river bed, the land gradually increases by the process of - ANSWER-Accretion A survey is the process of - ANSWER-determining the size and bo...

ILLINOIS REAL ESTATE LEASING EXAM 2024 Acceptance By Ratification - correct answer The acceptance of lease terms that occurs when a tenant takes possession of the property but does not sign a lease. This form of acceptance is recognizable by the courts. Accord and Satisfaction - correct answer When all parties have agreed to a change in one or more of the terms of a contract Actual Eviction - correct answer Court action initiated by the lessor to have a tenant removed from the premis...

Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions What is the difference between semiannual, biannual, and biennial? - ANSWER-- Semiannual means twice per year at 6...

Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct Fiduciary responsibilities agent has to its principal - ANSWER-OLD CAR ; Obedience, Loyalty, disclosure, confidentiality, accounting, reasonable skill and care alienation - ANSWER-The act of transferring property to another. Alienation may be voluntary, s...

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Illinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% Verified VA Loan - ANSWER-A loan backed by the U.S. Department of Veterans Affairs which offers veterans and service personnel the opportunity to buy a home with favorable terms, often with no down pay...

Illinois Real Estate Leasing Exam Prep Questions With Correct Answers.

Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct When private property become ownerless due to the death of the owner, the state or county government may exercise its reversionary claim to that property under the right of: - ANSWER-Escheat A developer divided 5 acres into 20 equal lots all having depth ...

ILLINOIS REAL ESTATE BROKER EXAM NEWEST 2024 COMPLETE EXAM AND PRACTICE QUESTIONS 300 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+