Frequestly Asked Questions About Real Estate Licensing in Illinois
How do I become a real estate broker in Illinois?
Answer: By completing 75 hours of real estate education and passing the Illinois state exam. The 75-hour education consists of two courses : 60 hours of base real estate topcis, and 15-hours of applied principles. Once you complete the education, you sit for the official Illinois exam administered by AMP. If you get 75% or better score, you can apply to receive your license.
IBA offers the 75-hour broker course package which can be completed in as little as two weeks.
How long does it take to become a real estate broker in Illinois?
Answer: About three to six months. It can be shorter too depending upon your job commitments and any prior college experience. The real estate exam tests quite a few business concepts and some sections involve mathematical caluclations. As of 5/8/2021, two mandatory courses must be taken to complete the education. One is the 60-hour real estate topics course, and the second one is the 15-hour Applied principles course. After the 75-hour education is complete, you can sit for the Illinois state exam.
Can I become a real estate broker without being an agent in Illinois?
There is no 'agent' designation in Illinois. Every individual who represents a party in a legal estate transaction is called a broker in Illinois. There are different levels of broker licenses: sponsoring, managing, designated manager, and broker.
What is the miminum age required to become a real estate broker in Illinois?
18 years and with high school completed. Previously the minimum age was 21 but it was reduced so that more people can explore the real estate industry right out of high school.
ABOUT ILLINOIS REAL ESTATE BROKER (AGENT) LICENSE COURSES
Illinois Real Estate Act of 2000 law
requires that an individual complete 75 hours of real estate educational training in order to take the state broker's licensing examination. These 75 hours consist of a 60-hour Real Estate Broker Topics course
and a 15-hour interactive training course, which can both be taken online. Both of these classes can be taken online and include an Illinois state required final examination. You can enroll in these courses by adding them to your cart from our course pages. Each of our courses include the course material, audio presentations, exercises, and practice quizzes. All of our topics courses also come with
Unlimited Online Access, Dedicated Customer Support, Course Access from Any Internet Device, Instructor Assistance, Printable Materials, Progress Tracking, and an Education Administrator