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Real Estate Salesperson Exam — National Portion

Sponsorship (IL): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Illinois

How many sponsoring brokers may an Illinois licensee have at one time?

  1. One
  2. Two
  3. Three
  4. No limit
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A. One — 225 ILCS 454/10-20(a).

Question 2 · Illinois

When may a newly licensed Illinois broker start practicing?

  1. As soon as the exam result is posted online
  2. Once a valid sponsorship is registered
  3. After 30 days of training
  4. After the first renewal
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B. Once a valid sponsorship is registered — 225 ILCS 454/5-27(c).

Question 3 · Illinois

What happens to an Illinois licensee's license when the sponsorship ends?

  1. It stays active for 30 days
  2. It becomes inactive immediately
  3. It is revoked
  4. It transfers to the managing broker
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B. It becomes inactive immediately — 225 ILCS 454/5-40(b).

Question 4 · Illinois

What must an Illinois sponsoring broker have with each licensee it sponsors?

  1. A written employment or independent contractor agreement
  2. A verbal agreement only
  3. A surety bond from the licensee
  4. A copy of their tax return
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A. A written employment or independent contractor agreement — 225 ILCS 454/10-20(c).

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