Leasing License Practice Exam

What additional requirement is needed to obtain a leasing license aside from coursework?

1. Approval by a real estate firm

2. Completion of a 15 hour approved course by IDFPR

3. Obtaining a bachelor's degree

4. Pass a practical exam

The correct answer is: Completion of a 15 hour approved course by IDFPR

The correct answer emphasizes the importance of completing a specific educational requirement stipulated by the Illinois Department of Financial and Professional Regulation (IDFPR). In order to obtain a leasing license, an individual must successfully complete a 15-hour approved course. This course is designed to equip applicants with the knowledge and skills necessary to engage in leasing activities in the state. While other options may seem relevant, they do not align with the core requirements set forth by the IDFPR. For example, while approval by a real estate firm may be a factor in employment after obtaining a license, it is not a prerequisite for obtaining the license itself. Similarly, a bachelor's degree is not mandated for those seeking a leasing license, although it could be beneficial for broader career opportunities. Lastly, passing a practical exam might be a requirement for other types of real estate licenses, but it is not specified as a requirement for a leasing license under IDFPR standards. Thus, completion of the 15-hour approved course remains the definitive educational requirement that must be fulfilled to qualify for the leasing license.