Ace the Illinois Leasing Agent Exam 2026 – Lease Out Your Future with Confidence!

Question: 1 / 400

In real estate terminology, who is a licensee?

A registered individual provided with a real estate license

A licensee in real estate terminology refers specifically to an individual who has completed the necessary education, training, and testing requirements to obtain a real estate license from the state. This licensing confirms that the individual has met legal standards and is authorized to engage in real estate activities, which can include buying, selling, leasing, or managing properties. The term "licensee" is used to distinguish those who have the credentials and legal authority to conduct real estate transactions from other individuals working in the industry, such as office assistants or non-licensed personnel, who do not have this designation.

Get further explanation with Examzify DeepDiveBeta

Anyone working in an office

A non-licensed assistant

A temporary agent on probation

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy