Realtor Buds

When does title actually transfer in a real estate sale?

Gross Rent Multiplier (GRM) is used primarily for?

A broker must keep earnest money in a?

HOA rules are considered what type of restriction?

The Illinois Real Estate License Act is administered by?

An FHA loan is insured by?

The Statute of Frauds requires real estate contracts to be?

An independent contractor relationship in real estate means the broker?

Lead-based paint disclosure is required for homes built before?

Who must supervise a new sponsoring broker’s activities in Illinois?

CMA stands for?

An option contract gives the buyer?

Bundle of rights in real property includes all EXCEPT?

Blockbusting is illegal because it?

How often must Illinois real estate licenses be renewed?

What does RESPA regulate?

The fiduciary duty of loyalty means the agent must?

Under Illinois law, which is NOT required on the residential property disclosure form?

A contract that has been fully performed is called?

Depreciation in the cost approach includes which of the following?

Which form of ownership is used by married couples in some states but not recognized in Illinois?

The minimum age to obtain an Illinois real estate broker license is?

Advertising a property as “newly renovated” when it is not is an example of?

Zoning laws are an example of?

In an amortized mortgage, each payment includes?

What type of deed offers the greatest protection to the buyer?

Dual agency in Illinois requires?

Sellers of residential property in Illinois with 1-4 units must provide the disclosure form?

The Illinois Real Estate Recovery Fund is used to compensate victims of?

Commingling client funds with personal funds is a violation of?

The most common method used for appraising residential property is the?

An easement that runs with the land is called?

In Illinois, a listing agreement must be in writing to be enforceable under what law?

What is the purpose of an escrow account in Illinois real estate transactions?

Which is a protected class under the Illinois Human Rights Act but not under federal Fair Housing Act?

A new Illinois broker must complete how many hours of post-license education within their first year?

How long must a sponsoring broker retain transaction records in Illinois?

What is the required pre-license education hours for a new broker (salesperson level) in Illinois?

Which agency administers real estate licenses in Illinois?

Steering buyers away from a neighborhood based on protected class characteristics is an example of?

What Illinois law requires residential sellers to disclose known material defects?

A bilateral contract in real estate is one where?

Which of the following is NOT required for a valid real estate contract in Illinois?

In Illinois, a broker acting as a designated agent owes full fiduciary duties to whom?

What federal law requires lenders to disclose the true cost of borrowing (APR)?

Which appraisal approach estimates value based on the cost to replace the building minus depreciation?

The government’s right to take private property for public use with just compensation is called?

Which type of ownership automatically passes to the surviving owner upon death?

What is the most complete form of real property ownership in Illinois?