Agent Courses Get your Illinois Real Estate License by attending our Illinois Real Estate Classes.
If you are wondering about how to become a real estate agent in Illinois by getting a real estate license, then you first need to attend an Illinois real estate school. To become a real estate broker in Illinois, choose IBA as your Illinois Real Estate School. We offer real estate license classes online and in person, including real estate agent course online in Chicago and suburbs.
Real Estate Broker License Courses Online and Live Classes
Our Illinois real estate school is approved by the state of Illinois (License 500.000045) to provide official real estate agent courses. If you're looking to become a licensed real estate broker agent in Illinois, our real estate online and live classes can provide the needed course to complete your education. After getting your real estate agent license, you will assist buyers and sellers in buying and selling real property and assist in various transactions. Our Illinois Online Real Estate Courses help students complete their education after taking and passing the 75-hours Illinois mandated and required courses. You then sit for the official state exam and after passing, you are ready to earn commissions. IBA also operates the Chicago Real Estate College for license and CPE courses.
How to become a real estate agent in illinois
There are four simple steps involved, and these can be completed in less than two months from start to finish.
First Step: You need to attend an illinois real estate school and take the required classes, whether in person or online through webinars of self-study format.
Second Step: You will then take the Illinois state exam and pass by 75% or better score.
Third Step: You apply to IDFPR to grant you a real estate license to perform licensed activities under a sponsoring broker.
Fourth Step: You work under a managing broker and represent parties to a commercial or residental buying or leasing transaction.
Why Become a Real Estate Broker Agent in Illinois?
Highly Valued Professionals
Illinois real estate agents are one of the most sought-after professionals in the housing sale/purchase and the rental industry.
High Earning Potential
After completing our online or live classes and completing the courses, real estate brokers can make upwards of $100,000 per year in commissions. The industry is always buzzing with activity, whether it's a sellers' or buyers' market. You would make commissions representing either side in a transaction with you expertise.
Our courses are easy to pass
While the content may be technical at times, we have made it simple and comprehensible so that you can have fun while learning a new trade. Realtors are known for their advanced knowledge in many facets.
Discounted Live or Online Classes
browse our Online Real Estate Broker Courses Starting at $249 and enroll today to start on a journey that will be both satisfying and profitable
Find Out How IBA can get you to become a top-notch real estate broker in the shortest time. Get your real estate broker license questions: How Do I Become an Real Estate Broker in Illinois
Real Estate License Courses
IBA offers the following real estate courses in multiple formats - live, online, and self-study - to suit different learning styles.
What does a Real Estate Broker Do After Passing Our Illinois Real Estate Courses?
A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency, and many states require written disclosures to be signed by all parties outlining the duties and obligations.
Generally, real estate brokers/ agents fall into four categories of representation:
- Seller's agents, commonly called "listing brokers" or "listing agents", are contracted by owners to assist with marketing property for sale or lease.
- Buyer's agents are brokers or salespersons who assist buyers by helping them purchase property.
- Dual agents help both the buyer and the seller in the same transaction. To protect their license to practice, a real estate broker owes both parties fair and honest dealing and must request that both parties (seller and buyer) sign a dual agency agreement. Special laws/rules often apply to dual agents, especially in negotiating price. In dual agency situations, a conflict of interest is more likely to occur, typically resulting in the loss of advocacy for both parties. Individual state laws vary and interpret dual agency rather differently, with some no longer allowing it. In some states, Dual Agency can be practiced in situations where the same brokerage (but not agent) represent both the buyer and the seller. If one agent from the brokerage has a home listed and another agent from that brokerage has a buyer-brokerage agreement with a buyer who wishes to buy the listed property, dual agency occurs by allowing each agent to be designated as an "intra-company" agent. Only the broker himself is the Dual Agent.
- Transaction brokers provide the buyer and seller with a limited form of representation but without any fiduciary obligations. Having no more than a facilitator relationship, transaction brokers assist buyers, sellers, or both
during the transaction without representing the interests of either party who may then be regarded as customers. The assistance provided are the legal documents for an agreement between the buyer and seller on how a particular
transfer of property will happen.
Real Estate Commissions After Becoming a Licensed Broker Agent
A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S. this commission can generally range between 5-6% of the property's sale price for a full service broker but
this percentage varies by state and even region. This commission can be divided up with other participating real estate brokers or agents. Flat-fee brokers and Fee-for-Service brokers can charge significantly less depending on the type of services offered.
Broker license FAQs
Question: How much will it cost to get my real estate license at our approved Illinois Real Estate School?
Your individual costs will depend upon which courses you choose, whether you select add-on products such as exam preparation tools, and how many exam fees you must pay. Our Approved Online Real Estate Courses provide cost-effective paths to get an Illinois real estate broker license.
Example education, exam & licensing costs:
- Online Pre-License Package with ebook $199
- State Examination Fee $55
- Initial License Application Fee $125
- Other start-up costs may come after you become a licensed broker.