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During a brokerage meeting in Aurora, Parker Lopez is studying for the Illinois broker exam and wants to know how the current PSI exam is divided. What is the best answer under current Illinois law or practice?

Correct Answer

C) The broker exam is divided into 100 national items and 40 Illinois state items.

Current PSI materials show the Illinois broker exam as 100 national questions plus 40 Illinois state questions.

Answer Options
A
The broker exam is divided into 75 national items and 75 Illinois state items.
B
The broker exam is divided into 140 state items with no national section.
C
The broker exam is divided into 100 national items and 40 Illinois state items.
D
The broker exam is divided into 100 state items and 40 national items.

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Related Topics & Key Terms

Key Terms:

difficulty_4exam_structureillinois_statelicense_actlicense_act_225ilcs454psireal_estate_license_act_and_rulesscenario

Related Concepts

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.

Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.

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