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ILLINOIS REAL ESTATE STUDY GUIDE WITH 57 QUESTIONS WITH WELL EXPLAINED ANSWERS GUARANTEEING A+ IN EXAM 2024

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ILLINOIS REAL ESTATE STUDY GUIDE WITH 57 QUESTIONS WITH WELL EXPLAINED ANSWERS GUARANTEEING A+ IN EXAM 2024 1. Brokerage: Brokerage 2. real estate licensee: acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property. A real estate licensee may be the agent for the buyer, for the seller, or for both 3. llinois license categories: broker, managing broker, and leasing agent 4. Subdivision: is the splitting of a single property into sma...

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ILLINOIS REAL ESTATE PRACTICE EXAM 2024 WITH OVER 1000 WELL ANSWERED QUESTIONS GRADED A+

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ILLINOIS REAL ESTATE PRACTICE EXAM 2024 WITH OVER 1000 WELL ANSWERED QUESTIONS GRADED A+ 1. Objectives of Federal Reserve System: To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market 2. Remainder Interest: A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her ...

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ILLINOIS REAL ESTATE STUDY GUIDE AND PRACTICE EXAM WITH OVER 400 QUESTIONS AND A+ GRADED ANSWERS 2024

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ILLINOIS REAL ESTATE STUDY GUIDE AND PRACTICE EXAM WITH OVER 400 QUESTIONS AND A+ GRADED ANSWERS 2024 1. Fee simple: Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions 2. Life estate: Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person 3. Fee simple qualified estate: Also called fee simple defeasible estate. 3 di...

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ILLINOIS REAL ESTATE PRACTICE EXAM 2023 WITH 254 QUESTIONS WELL ANSWERED FOR GRADE A+ 2024

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ILLINOIS REAL ESTATE PRACTICE EXAM 2023 WITH 254 QUESTIONS WELL ANSWERED FOR GRADE A+ 2024 1. The function of the Bureau of Real Estate Professions is to administer and enforce the following:: The function of the Bureau of Real Estate Professions is to administer and enforce the following: Illinois Real Estate License Act of 2000 Real Estate Appraiser Licensing Act of 2002 Provisions and Rules of the Uniform Standards of Professional Appraisal Practice Auction License Act Home Inspector ...

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ILLINOIS REAL ESTATE PRACTICE EXAM WITH OVER 420 CORRECT ANSWERED QUESTIONS/A+ GUARANTEED 2024

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ILLINOIS REAL ESTATE PRACTICE EXAM WITH OVER 420 CORRECT ANSWERED QUESTIONS/A+ GUARANTEED 2024 1. Abandonment: Non-payment of taxes 2. Abstract of Title: A history of the ownership of a parcel of land which lists transfers of title, rights, and liabilities. 3. Acceleration Clause: States that upon default, all of the principal installments come due immediately. 4. Accession: The idea that the owner of land is entitled to all that the soil produces or all that is added to the land eith...

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