10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The IL-REB exam has 140 questions and runs 4 hours.
These 10 free IL-REB questions are organized by exam domain, so you can see how each part of the Illinois Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
Ava, Ben, and Cara acquired a parcel as joint tenants. Ava later conveyed her entire interest to Diego without Ben or Cara joining in the deed. No other conveyances occurred. How is title held immediately after Ava's deed?
Correct answer: C - Diego is a tenant in common; Ben and Cara remain joint tenants.
Years ago, a neighborhood grocery store opened lawfully under commercial zoning. The city later rezoned the block residential, but the ordinance allows lawful existing uses to continue if they are not abandoned, destroyed, or expanded. The owner keeps operating the same store. The store is now:
Correct answer: A - A legal nonconforming use
An appraiser is valuing a small apartment property by direct capitalization. Annual potential gross income is $180,000; vacancy and collection loss is $9,000; laundry income is $6,000; operating expenses are $65,000; annual debt service is $40,000; and the market capitalization rate is 8%. What value is indicated?
Correct answer: D - $1,400,000, capitalizing NOI before debt service
A mortgage lender has received the applicant's name, income, Social Security number, property address, estimated property value, and requested loan amount. The lender still wants tax returns and bank statements. What timing rule now applies to the Loan Estimate?
Correct answer: B - Within three business days; extra documentation does not postpone it.
A seller grants a buyer a written 20-day option to purchase and accepts $3,000 as option consideration. On day 6, the seller receives a higher offer from another buyer. Assuming the option terms have not been breached, what is the seller's position?
Correct answer: B - The seller must keep the offer open through day 20, while the optionee retains the right-but not the obligation-to buy.
During a listing, the seller told the broker that $15,000 below list price was the seller's absolute minimum. The listing has expired, and a prospective buyer asks the former broker for the seller's bottom line. What may the broker disclose?
Correct answer: C - The seller's bargaining position remains confidential without authorization
A buyer's radon test reports 5.6 pCi/L. The purchase contract gives the buyer an environmental-inspection contingency. Which response best reflects the significance of that result?
Correct answer: D - The result exceeds 4.0 pCi/L, so qualified follow-up is appropriate under the inspection contingency.
At an apartment complex with unassigned parking, a tenant with a mobility impairment asks for the space nearest the entrance to be reserved. No construction is requested. The manager should treat this as:
Correct answer: A - A reasonable accommodation request because reserving a space changes a parking policy rather than the physical premises
At closing, a buyer receives no owner's title insurance policy; the lender receives only a lender's policy. A previously undiscovered recorded lien later threatens title. Subject to the policy's terms, whose interest is protected?
Correct answer: C - The lender's mortgage interest
A buyer says, "Show me neighborhoods with the best schools where families like ours usually live." The buyer has already identified price, commute, and property-type requirements. Which approach assists the buyer without steering?
Correct answer: A - Provide objective school-boundary and public-data resources, ask the buyer to choose areas, and show homes using neutral price, commute, and property criteria.
The IL-REB exam also covers these domains. Drill them in the full free practice test:
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