Illinois Real Estate License Requirements

The Illinois Bureau of Real Estate Professions oversees all real estate matters in the state of Illinois. On May 1, 2011 the bureau eliminated the salesperson license category and replaced it with the broker license category. The types of real estate licenses the bureau currently issues are leasing agent, broker and managing broker licenses.

The requirements to become a leasing agent, real estate agent [broker] or managing broker in Illinois are as follows:

LEASING AGENT LICENSE REQUIREMENTS:

To be eligible for an Illinois leasing agent license, applicant must be at least 18 years old and be a U.S. citizen or alien authorized to work in the United States.

No prior real estate experience is necessary to obtain an Illinois leasing agent license.

Applicant must have a high school diploma or GED and complete 15 hours of prelicense education courses related to the leasing of residential property.

Illinois Real Estate License Requirements

Illinois Real Estate License Requirements

After completing the prelicense education requirements, applicant must pass the state leasing agent exam. Applicants will have a total of two hours to complete the exam.

After passing the exam, an Illinois leasing agent license application must be submitted according to the instructions the applicant received after the exam.

Illinois leasing agent licensees are exempt from the continuing education requirement during the initial licensing period but must complete six hours of continuing education courses every two years after that.

Illinois has reciprocal agreements with the following states:
Colorado
Connecticut
Georgia
Indiana
Iowa
Nebraska
South Dakota
Wisconsin

Fees to obtain an Illinois leasing agent license include:
Exam Fee: $46
Leasing Agent Initial License: $75
Leasing Agent License Renewal: $100
Leasing Agent Expired License Renewal: $150


BROKER LICENSE REQUIREMENTS:

To be eligible for an Illinois broker license, applicant must be at least 21 years old and be a U.S. citizen or alien authorized to work in the United States.

Applicant must disclose if he or she is more than 30 days in arrears on court ordered child support payments.

Applicant must have a high school diploma or GED and complete 90 hours of a prelicense education course, which must include:
75 hour Broker prelicense course.
15 hour Applied Real Estate Principles course.

Or

Complete a 75 hour Broker prelicense home study course.
15 hour Applied Real Estate Principles interactive classroom course.

Applicant must pass the proctored exam for each prelicense course.

Applicant must then pass the state and national broker exam with a minimum score of 75%. The national portion of the exam consists of 100 questions. The state portion consists of 40 questions. Questions from each portion of the exam will appear in random order on the test and applicants will not be able to identify if the questions are from the state or general portion. Applicants have a total of 3.5 hours to complete the exam.

After passing the exam, an Illinois broker license application must be submitted according to the instructions the applicant received after the exam.

All first-time Illinois broker licensees must complete a 30 hour post license education course during first renewal period.

After the first renewal period, all licensees must complete 12 hours of continuing education courses every two years.

Illinois has reciprocity agreements with the following states:
Colorado
Connecticut
Georgia
Indiana
Iowa
Nebraska
South Dakota
Wisconsin

Fees to obtain a broker license include:
Exam Fee: $46
Broker Initial License: $125
Broker License Renewal: $150
Broker Expired License Renewal: $200


MANAGING BROKER LICENSE REQUIREMENTS:

To be eligible for a Illinois managing broker license, an applicant must be at least 21 years old and be a U.S. citizen or alien authorized to work in the United States.

Applicant must disclose if he or she is more than 30 days in arrears on court ordered child support payments.

At least two years of real estate experience during the past three years is required to obtain a managing broker license.

Applicant must have a high school diploma or GED, complete a 90 hour Broker prelicense education course (if applicant has never held an Illinois broker license) and complete a 45 hour prelicense education course, which must include a 15 hour interactive Applied Management and Supervision course.

After completing the prelicense education requirements, applicant must pass the proctored exam for each prelicense course.

Applicant must then pass the state and national managing broker exam with a minimum score of 75%. The national portion of the exam consists of 10 simulation questions with a 2.5 hour time limit. The state portion consists of 40 questions with a 2.5 hour time limit.

An Illinois managing broker license application must be submitted according to the instructions the applicant received after passing the exam.

All first-time Illinois managing broker licensees must complete 30 hours of post license education courses.

After the first renewal period, Illinois managing broker licensees must complete 12 hours of continuing education every two years, which includes 6 hours of core courses and 6 hours of elective courses) and must also complete 12 hours of Broker Management course.

Applicants who are currently licensed to practice law in the state of Illinois are exempt from the prelicense education requirements.

Illinois has reciprocal agreements with the following states:
Colorado
Connecticut
Georgia
Indiana
Iowa
Nebraska
South Dakota
Wisconsin

Fees to obtain an Illinois managing broker license include:
Exam Fee: $46
Managing Broker Initial License: $150
Managing Broker License Renewal: $200
Managing Broker Expired License Renewal: $250


References:

Illinois Department of Financial & Professional Regulation: Real Estate License Reciprocity: http://www.idfpr.com/dpr/re/reciprocity2000.asp

Illinois Real Estate Examination Program Candidate Handbook: January 2014: http://www.goamp.com/Publications/candidateHandbooks/ILREP-handbook-2014.pdf

Illinois Division of Professional Regulation: Real Estate Application Fees: http://www.idfpr.com/dpr/re/REFEESCH.asp

Illinois Division of Professional Regulation: FAQ: http://www.idfpr.com/faq/dpr/realestatefaqs.pdf

Illinois Department of Financial & Professional Regulation: Real Estate License Reciprocity: http://www.idfpr.com/dpr/re/Reciprocity2000.asp

Illinois Department of Financial & Professional Regulation: Bureau of Real Estate Professions: http://www.idfpr.com/dpr/re/realmain.asp


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