How To Get A Real Estate License Illinois? (Solved)

What are the steps to getting a real estate license?

  • The first step in getting a real real estate license is to take a 30 hour class in preperation for the real estate exam and then take the exam. After the exam there are two more courses each is 30 hours long.

Contents

Is the Illinois real estate exam hard?

The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. With proper preparation, the real estate exam is not that hard.

How much does an Illinois realtor make?

The average salary for a real estate agent in Illinois is around $51,155 per year.

How many hours do you need to become a real estate agent in Illinois?

Getting licensed (state- required 90 hours coursework, state exam fee, license fee paid to Illinois Dept. Of Financial and Professional Regulation) Post-license state-required education (75 hours) REALTOR members must complete 2.5 hours of Code of Ethics training.

How many times can you take the real estate exam in Illinois?

How many times can I take the state exam? The state exam has two sections; a general section and an Illinois specific section. You must pass each section with a minimum grade of 75%. If you fail the exam, you may retake the exam 3 more times ( total of four times ).

How much does it cost to become a real estate agent?

As a real estate agent, you’ll be required to be licensed by the state in which you plan to practice, and you can expect to shell out around $2,000 over the course of becoming licensed.

What is the highest paying realtor?

10 States Where Real Estate Agents Earn The Most Money

  • New York average real estate agent salary: $111,800.
  • Massachusetts average real estate agent salary: $84,180.
  • Connecticut average real estate agent salary: $79,780.
  • Alaska average real estate agent salary: $79,360.
  • Colorado average real estate agent salary: $76,850.

How much are closing costs in Illinois?

The average price of a home in Illinois is around $225,000 and since most lenders say that closing costs will be 2-3% of the sale price, you can expect them to be between $3,000-$8,000.

How long does it take to become a real estate agent?

You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.

Is it worth it to become a real estate agent?

Choosing to become an estate agent is no longer a stop-gap or part-time job, but a real career choice with excellent prospects. It is an option definitely worth considering for graduates and school leavers, especially those with ambition, drive and initiative and who enjoy dealing with people.

Can you take the Illinois Real Estate exam online?

Can I get my Illinois real estate license online? Yes, you can complete all of your Illinois real estate education requirements by taking at-your-own-pace online or livestreaming courses. However, you’ll need to go to one of the Illinois exam testing sites to complete your broker exam.

Is the Illinois Real Estate exam online?

The sample exam is offered online and a link is sent out to all students at the end of each course. The sample exam contains 125 multiple-choice questions. You’ll have 3 ½ hours to complete the test, and a score of 75% is considered passing (results are provided immediately upon completion).

How many math questions are on the real estate exam?

The number of questions in the math section varies by state. You can generally expect to see between 5 to 20 math questions on the state real estate exam. You might think math isn’t that important in real estate. After all, you’re concerned with buying and selling property.

Get a Real Estate License in Illinois

Skip to the main content In Illinois, you can obtain a real estate license. Dawn Tebrinke is a writer and editor based in New York City. 2021-09-08T 09:15:35-05:00 Get your Illinois real estate license by completing state-approved courses via the Illinois REALTORS®. You may prepare for this vocation from the comfort of your own home with our handy online courses, or we can assist you in finding live programs in your area. It’s simple to get started on a new profession with the help of our qualified teachers and Education Specialists.

  • You must be at least 18 years old
  • You must have a Social Security Number or an Individual Taxpayer Identification Number
  • And you must be a U.S. citizen or permanent resident. You must have a high school diploma or a GED in order to apply.

Would you want a brief summary emailed to your inbox? Download our Pre-License Handbook, and get started on your real estate career.

Watch now: How to get a real estate license in Illinois

There are two courses that must be completed in order to get an Illinois real estate broker’s license: Broker Pre-License Topics and Broker Pre-License Applied Real Estate Principles. These courses are available online in a totally self-guided manner, as well as with interactive components and in a classroom setting. Several scholarships and grants are available for Illinois REALTORS® pre-license courses, including those offered by the Illinois Real Estate Educational Foundation (REEF) and the Veterans Administration (VA).

Dates for hybrid courses may be found here.

Step 2: Pass the Illinois real estate licensing exam

After finishing your pre-license education, you must register for and pass the real estate licensing exam with PSI/AMP within two years of completing your education (the state exam administrator). The Illinois Real Estate Examination ProgramCandidate Handbook is highly recommended before enrolling for the Illinois Real Estate Examination Program. Prepare for the state test by taking a practice exam and studying using study materials offered by our learning partners: Exam Prep Edge and ExamSMART.

Step 3: Submit your license application

Illinois brokers are required to work under the sponsorship and supervision of a managing broker, thus you will need to approach a managing broker to sponsor your license before submitting your application to the Illinois Securities Division. Fill out and submit your license application to the Illinois Department of Financial and Professional Regulation (IDFPR).

Broker license FAQs

Which courses you choose, whether you purchase add-on goods such as test preparation tools, and how many examination fees you must pay will all influence your particular expenditures. The Illinois REALTORS® Association offers low-cost options for obtaining an Illinois real estate broker license. Costs associated with education and examlicensing, for example: Pre-License Package with eBook – $519 (online only). Fee for the State Examination – $55. Fee for the first time applying for a license is $125.

How long does it take to get a real estate license?

After finishing your pre-licensing coursework and passing both the state and national licensing exams, you can apply for a real estate license in your state.

Our online pre-license courses may be completed at your own speed, and our Accelerated Broker Pre-License course can be completed in as little as 9 weeks. Pre-license courses have a 180-day expiration date from the time of purchase.

What happens if I don’t pass the licensing exam?

After completing your pre-license education requirements and passing both the state and national licensing exams, you can apply for a real estate license in your state. It takes only 9 weeks to finish our Accelerated Broker Pre-License course, which is available online. Our online pre-license courses are self-paced. Unless otherwise stated, pre-license courses are valid for 180 days after purchase.

How to Become a Real Estate Agent in Illinois

You may be thinking about changing your profession and asking how to become a real estate agent in Illinois. There is no better time to get started than right now! The procedure is fairly straightforward, and we’ll lead you through it step by step in this guide. Real estate salespersons (also known as brokers) in Illinois have excellent earning potential and can begin working as soon as six months after obtaining their license.

How Much Does It Cost to Become a Real Estate Agent in Illinois?

The cost of obtaining an Illinois real estate broker license is around $1,100. Some of the fees involved are constant, such as the application fee and the exam price, while others are variable. Some of these charges are based on the real estate school you choose to attend in order to finish the mandatory 75-hour prelicensing training course.

Illinois Real Estate License Costs

Prelicensing Classes (75 hours) $329 (throughReal Estate Express)
Exam Prep Materials $129 (throughMbition)
Illinois Broker Examination Fee $58
Application Fee for Broker License $125
NAR Membership $150
MLS Membership $312
Total Costs $1,103

(As of July 2021, the cost of an Illinois real estate broker license is $1,500.) You may save 25 percent on the cost of your prelicensing course through Real Estate Express if you enter the promo code TheClose25 during checkout.

How to Become a Real Estate Agent in Illinois in 4 Easy Steps

It’s vital to understand that in Illinois, an entry-level real estate salesperson is referred to as a broker rather than an agent before moving on to the next section on how to become a real estate agent in Illinois. Illinois is one of the few states that refers to an entry-level sales professional as a broker rather than a sales representative. In particular, managing brokers in Illinois are brokers who have extra expertise and education and who are competent to supervise other brokers in the state of Illinois.

Applicants for real estate broker positions in Illinois must be at least 18 years old and possess a Social Security number or individual taxpayer identification number, as well as a high school diploma or an equivalent qualification.

Step 1. Complete a 75-hour Prelicensing Course

The cost is as low as $329 when using Real Estate Express. In terms of time investment, self-paced courses will take two to three weeks, while streaming classes will take three to five weeks. If you work as a real estate broker, you are in charge of assisting your customers with one of the most crucial financial choices of their life. The State of Illinois mandates that you complete 75 hours of prelicensing training in order to fully comprehend the complexity and legal issues associated with the sale of real estate in the state.

Please have a look at our ranking of the Top 5 Online Illinois Real Estate Schools for 2021. You will be able to select from a variety of class formats. The following subjects will be covered in your classes:

  • Licensed real estate agents are involved in a variety of activities such as selling real estate and advising buyers, as well as marketing and advertising. Financing
  • Contractual expertise
  • Dispute resolution between independent contractors and employees
  • Property management
You might be interested:  How To Get Started As A Real Estate Agent? (Question)

It shouldn’t be difficult to discover an Illinois real estate school that provides in-person programs that meet during regularly scheduled sessions, regardless of whether or not you live in the Chicagoland region, Peoria, Springfield, or Champaign-Urbana. Zoom Livestream lessons are pre-scheduled classes that are broadcast live over the internet (or another video communication tool). Many Illinois education providers have established online programs that you may take at your own speed, complete with slideshows, videos, and interactive information, to assist you in learning the subject you need to pass the Illinois broker test.

Types of Instruction Pros Cons
In-person Classes
  • Setting in a traditional classroom
  • Get to know your fellow students. Access to the teacher is simple
  • Commuting and traffic congestion make on-campus programs more costly than online classes. Finding class times that are convenient for you
  • There is no need to commute. If you live far away from traditional schools, this is an excellent option. You may interact with professors in real time by asking them questions.
  • Finding lessons that are convenient for your schedule
  • There is little interaction with other students. Technology does not always perform as expected
  • For example,
  • Work at your own speed from any location with internet access
  • Attend lessons when it is most convenient for you. Option with the lowest price
  • Instructors may only be reached via email or phone
  • No other means of communication is available. There is little interaction with real estate professionals. Technology does not always perform as expected
  • For example,

Real Estate Expressis the greatest online real estate school in Illinois, and we strongly suggest it. You’ll like how they break down complex content into little chunks that are easier to comprehend and remember. You’ll also like Real Estate Express’ affordable price and exam preparation resources, which are both available on their website. When you apply the coupon code”TheClose25″ at checkout, you may save 25 percent on your Illinois real estate prelicensing courses with Real Estate Express.

Step 2. Pass the Illinois Real Estate Broker Exam

Illinois Broker Exam: You’ll need to take the Illinois Broker Exam within two years after finishing your broker prelicensing courses in Illinois. To get started, go to PSI, the state’s testing supplier, by clicking here. For help registering for the Illinois real estate exam, look for theirCandidate Handbook, which can be found at one of PSI’s 31 Illinois testing centers. The test is computer-based and consists of 100 questions on national issues and 40 questions on Illinois real estate rules and regulations.

Following the completion of the exam, you will be provided with a score report by the testing supervisor.

A non-programmable calculator with no alphabetic keyboard or printing capabilities can be brought into the exam room, but you must bring two pieces of identification that are current and genuine.

This company’s National Master Exam Prep Package makes use of adaptive learning technologies to develop practice questions that are tailored to each individual student’s needs.

Step 3. Join an Illinois Real Estate Brokerage

Cost:Free Time commitment: Approximately two weeks to a month. Beginning real estate brokers in Illinois are required to join an Illinois real estate brokerage and operate under the supervision of a managing broker, according to state law. Someone who is a managing broker is someone who has had significant success in the profession, has completed 60 hours of extra training, and has passed the Illinois managing broker test. Compensation: Ask the managing broker about your split, which is the way you and the brokerage will divide the money you earn once you’ve determined which firms to contact.

  1. Typically, managing brokers who provide an equitable split will not charge monthly desk costs because they are not charging a commission.
  2. Those brokerages, on the other hand, will frequently demand higher monthly desk costs.
  3. What Should You Do If You Want to Ace Your Brokerage Interview?
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  5. Please tell us about yourself so that we can choose what to provide you.
  6. Keep in mind that real estate brokerages do not compensate its agents, which makes these discussions with the managing broker all the more important.
  7. Because of this, if you work hard and give exceptional customer service to your clients, you may earn a lot of money and expand on your previous triumphs.

In order to keep a regular income in another part-time endeavor, some people who are just starting out in the field prefer to work half time at initially.

Step 4. Complete the Licensing Process

Cost:$125 Time commitment: Two to four weeks is necessary. A useful resource is: Application for an Illinois broker’s license can be found at this link. Once you’ve passed the test and found a managing broker, you’ll be able to proceed with the rest of the licensing procedure. Check out the Illinois Department of Financial and Professional Regulation (IDFPR) website for further information. Then you’ll need to create a login, fill out the application form, and pay a $125 application cost. When your application has been approved, you will receive an email notification.

While your application is being processed in Illinois, you are permitted to practice under the supervision of the managing broker for a period of 45 days.

How to Get a Real Estate Broker License in Illinois: FAQs

We’re confident that you have a slew of questions concerning the process of becoming an Illinois real estate agent. Some extra information regarding the procedure is provided below:

What are the legal requirements to become a real estate agent in Illinois?

For anyone wishing to work as a broker in Illinois, they must be 21 years old or older. Additionally, you must have graduated from high school or gotten a GED to be eligible. You must have never been convicted of a felony or other offence that has an element of dishonesty as a primary factor. Your child support payments must not be more than 30 days past due if you are compelled to make them by the court. Additionally, you are not liable to pay state taxes to the Illinois Department of Revenue.

You must also adhere to all of the aforementioned requirements.

What if I have a real estate license from another state?

In the event that you have previously worked as a real estate agent or broker in another state, you may be able to receive your Illinois real estate license very quickly. In accordance with the Real Estate License Act of 2000, Illinois has reciprocity agreements with the states listed below:

  • Colorado
  • sConnecticut
  • sFlorida
  • sGeorgia
  • sIndiana
  • sIowa
  • sNebraska
  • sWisconsin

For people who obtained their license in one of those states, the Illinois State Supplemental test, which comprises of 40 questions, is all that is required of them. Once you’ve completed your application for a broker’s license in Illinois, you may begin operating as a broker.

How long does it take to become a licensed real estate agent in Illinois?

The majority of people take between three and six months to complete the requirements to become a broker in Illinois. After completing your 75 hours of prelicense study and passing both the state and national components of the Illinois licensing test with a grade of 75 percent or better, you can apply for a real estate license in Illinois. You will have a certain amount of time to finish the prelicensing curriculum and prepare for the Illinois broker examination.

Real Estate Express offers online courses that are completely self-paced and can be done from the convenience of your own home or office. Your license has been authorized by the state licensing board, according to the letter.

Is the Illinois real estate exam hard?

According to the Illinois Division of Real Estate, there is no pass/fail rate for the examination. The state and national components of the test must be passed with a combined score of 75 percent. If you fail one section of the test but not the other, you may be required to retake only the section that was unsuccessful the first time. Illinois allows you to repeat and pass the portions of the exam that you failed for a period of one year from the date of your initial test. You have the option to retake the test as many times as you like.

What should I bring when taking the exam?

When you arrive at the testing center, make sure to have two pieces of identification with you. At least one of these documents must be a government-issued picture ID that clearly displays your name and signature on it. This may include a driver’s license, a state identification card, a passport, or a military identification card. Your name and signature must appear on the second form of identification. You can pay using a credit card, a Social Security card, or an identification card from your place of employment or school.

During the exam, the testing location will supply pencils and scrap paper for you to use.

Finally, you’ll be required to submit biometric identification verification to prove your identity.

Which items are prohibited in the testing center?

It is not permitted to use a cell phone or wear a watch in the testing facility. Before taking the test, you will be required to turn out your pockets to ensure that they are completely empty. During the testing period, no food or beverages are permitted. In the testing center, only wallets and keys are authorized to be brought in. To keep your wallet and keys safe while completing the test, you will be given a soft locker to keep them with you at all times. During the course of the exam, you will not be able to access any of these items.

Can I get my Illinois real estate license online?

Yes, you may fulfill all of your Illinois real estate education requirements by completing online or livestreamed courses at your own leisure, rather to attending traditional classroom classes. You will, however, be required to take your broker exam in one of the Illinois exam testing centers in order to complete it. You may save 25 percent off the cost of your prelicensing education through Real Estate Express if you use the promo code TheClose25 at the time of purchase.

How long does the application approval take?

In contrast to many other states, Illinois enables you to practice under the supervision of the managing broker for a period of 45 days while your application is being reviewed and approved. While you’re waiting for your license to be approved, this is an excellent opportunity to set up certain processes and social media platforms so that you can get started right away once it is approved. First and foremost, devote some time to identifying a customer relationship management (CRM) product that can help you handle your real estate prospects and clients effectively.

You’ll most likely want to start working on your website as well. Consider utilizing a real estate website builder such as iNCom to assist you in creating a professional-looking website that will generate more leads for your business.

How much money do real estate agents in Illinois make?

At the time of this writing, the average pay for a real estate agent in Illinois is $79,272 per year, according to the websiteIndeed. On the websiteIndeed.com, you can look for the most recent average yearly income in your city or municipality.

Can I practice real estate part time?

If you’re the single breadwinner in your family, you might be apprehensive about jumping into the real estate market headfirst. But don’t be. If you have a substantial amount of money saved up, you may want to explore making this job change; however, you must be aware of the hazards connected with such a move. Find out how to become a part-time broker.

What are the proscons of becoming a real estate agent?

Working as a commissioned salesman might mean months of feasts followed by months of famine, which can make for a demanding way of life to maintain control over. It necessitates meticulous planning and financial knowledge. Working as a commissioned real estate broker, on the other hand, has a number of distinct advantages. You have a flexible work schedule, despite the fact that you will be needed to work many evenings and weekends during your tenure. As a buyer’s or seller’s agent, you have the opportunity to make a lot of money because both agents receive a commission on any property they assist in the purchase, sale, or lease of.

“Real estate in Illinois is quite cyclical, and sales volume tends to be strongly correlated with the weather conditions.” In the beginning of your profession, during the’slow season,’ this may be particularly challenging for new agents to manage, since it might result in exceptionally low sales volume in the beginning of your career.

More Career Resources From The Close

More information is available upon request. The Close will take care of you. Don’t forget to join ourReal Estate Agents Mastermind group on Facebook, where you can obtain guidance from other real estate professionals. Joining The Close Pro and subscribing to our newsletter are other excellent ways to stay up to date on the newest news, actionable real estate strategies, and business insights.

How To Get Your Real Estate License In Illinois?

Interested in learning how to become a real estate agent and earning your Illinois Real Estate License? In Illinois, Real Estate Express has educated hundreds of aspiring real estate agents, and we make it simple for you to learn everything you need to know about the state’s real estate licensing requirements.

The criteria to become a real estate agent in Illinois are straightforward: you must be 18 years old or older, have graduated from high school, have completed 75 hours of pre-licensing study, and have submitted an application for an Illinois real estate license.

What happens if I don’t pass the Illinois real estate exam?

If you do not pass the Illinois real estate test after completing your courses, you may repeat the exam as many times as you like up to a total of three attempts. The pre-license study must be completed again before enrolling for the exam if you do not pass on your fourth try. Your achievement is a vital matter of concern. Real Estate Express provides the following guarantees: Get through your Illinois real estate licensing test on the first try, or you won’t be charged!

What kind of information will I learn from Real Estate Express to help me get a real estate license in Illinois?

Real Estate Express can assist you in preparing for the Illinois real estate license examination. You will be able to progress at your own speed. You will also receive resources that will help you in your future profession.

Does Illinois have licensing reciprocity with other states?

Among those states are: Colorado; Connecticut; Florida; Georgia; Indiana; Iowa; Nebraska; Wisconsin; and others.

Real Estate Express Courses Fulfill Your Illinois License Requirements

All Real Estate Express packages have been authorized by the Illinois Department of Financial and Professional Regulation and meet the requirements to sit for the Illinois licensure exam. Get your real estate license as soon as possible! The Illinois Department of Financial and Professional Regulation has a website at http://www.ildfpr.org/. Phone: (800) 5606420 Fax: (217) 823390 Website: Postal Address: 320 West Washington St. 3rd Floor Springfield, IL 62786 (Real Estate Division)

Illinois Real Estate License Online

Obtaining your Illinois real estate license may appear to be a difficult task, but we are here to assist you along the process. You can continue reading to find more about the five stages you’ll need to complete before beginning your real estate profession in Illinois. To find out how much it will cost you to obtain your real estate license in Illinois, please see our Illinois Pre-Licensing Pricing page. Purchase your Illinois Pre-Licensing Certificate »

Prerequisites

To begin, you must do the following:

  • Be at least 18 years old
  • Possess a high school certificate or an equivalent qualification

Complete 75 hours of approved Pre-Licensing education

  • Successfully complete a 75-clock-hour Pre-Licensing course that includes 60 hours of Pre-Licensing coursework and 15 obligatory interactive hours, as authorized by the Department of Education. Find out more about the many package options available to you here.

Pass the course final exam

  • After you have completed all of the course materials, met the minimum time requirement, and passed the practice exam, you will be required to pass a final exam for the course. The minimum passing score is 75%
  • The maximum passing score is 100%.

Pass the Illinois Real Estate Broker Examination

  • You will have 3.5 hours to complete this 140-question test, which will be divided into two sections that will cover both state and federal standards. More information may be found in the PSI Candidate Handbook. The option of remote proctoring for IL license applicants will be available starting on Friday, October 15, 2021, on the PSI website. The Blackout Days will take place from Thursday, October 14th, 2021, to Friday, October 16th, 2021, inclusive. Students will be able to take remote proctored examinations beginning on Saturday, October 16th, 2021. You can make an appointment to take a test through the PSI exam portal. Candidates from Illinois can contact PSI at (855) 340-3893 if they have any concerns with their exam schedule or any other issues during the exam. When it comes to helping you pass your Illinois real estate test, The CE Shop also offers thorough Exam Prep that is specifically customized to the state of Illinois.

Select a sponsoring broker

To get licensed in Illinois, you must first be affiliated with a current and active sponsoring broker in the state. Since you begin your new real estate profession, it is critical that you choose the correct broker with whom to collaborate, as this individual will act as your mentor. Here are some questions to think about as you begin your search:

  • What is their standing in the community, both locally and nationally
  • It is unclear what type of real estate agents the company is seeking. Are they technologically sophisticated and up to date with the most recent systems available? The manner in which they assist their agents with education and training. Does the brokerage give their agents with leads and marketing materials? Is there space for advancement within the organization? Are there any advantages available?

Complete the application

  1. In conclusion, to submit an application for an Illinois Real Estate Broker License with the Illinois Department of Financial and Professional Regulation, please visit this page.

DOWNLOAD THE PROCEDURES »

Get Your License Online

The online platform, self-paced courses, and high levels of student satisfaction are just a few of the factors that distinguish The CE Shop as the finest in real estate education. Take the first step toward a successful real estate career right now! GET YOUR LICENSE »

IL Real Estate Pre-License Requirements – IL Real Estate FAQ

Let us assist you in obtaining answers to any questions you may have about getting started in the real estate business. In order to make the process of obtaining your Illinois real estate license a little easier, we’ve compiled and answered some commonly asked questions below. Purchase your Illinois Pre-Licensing Certificate »

How long does it take to get an Illinois real estate broker license?

It is depending on a number of factors how long it will take you to finish your Illinois broker pre-licensing education on average. The majority of students complete the licensure requirements in three to four months, on average.

Before you can acquire your license, you must complete a number of requirements, which include submitting your education application, passing the exam, and undergoing a background investigation, among other things.

What is the difference between a broker’s license and a managing broker’s license?

The first accessible real estate license in Illinois is a broker’s license, as opposed to many other jurisdictions where licensees are classed as sales agents or salespeople. The more advanced jobs need a managing broker’s license, which is not available in many other states.

Broker responsibilities:

  • Marketing and showing homes
  • Negotiating sale price
  • Leading transactions
  • Renting units
  • Leading buyersSellers
  • Leading buyersSellers, prospects, and prospects.

Managing broker responsibilities:

  • Lead distribution, contract review, property management, vendor relationships, and more are all responsibilities of a real estate manager.

Which states does Illinois have real estate license reciprocity?

Colorado, Connecticut, Florida, Georgia, Indiana, Iowa, Nebraska, Kentucky, South Dakota, and Wisconsin are among the states that have ratified the agreement.

How much does it cost to get an Illinois real estate broker license?

The fixed costs are as follows:

  • The broker examination price is $46, and the broker license application fee is $125.00.

The variable costs are as follows: Please keep in mind that the state reserves the right to amend these fees at anytime. The Illinois Real Estate Educational Foundation (REEF) provides scholarships to students pursuing degrees in real estate and allied fields of study in the state of Illinois.

Can a felon get an Illinois real estate license?

A criminal background may have an influence on your ability to obtain a real estate license in Illinois. More information on obtaining a real estate license with a criminal record may be found at the Illinois Division of Real Estate website.

Can I get an Illinois real estate license online?

Yes, residents of Illinois can complete their real estate Pre-Licensing education requirements online. Recent years have seen an increase in the number of people who choose to shop online.

How do I get an Illinois real estate broker license?

The Illinois Department of Financial and Professional Regulation, Division of Real Estate, requires that you complete the following steps in order to obtain a real estate broker license in the state of Illinois:

  • Be at least 21 years old and possess a high school certificate or GED
  • Or be between the ages of 18 and 21 and possess at least four semesters of post-secondary education in real estate as defined by the Division of Real Estate
  • All pre-licensing courses must be completed (a total of 75 hours of pre-license schooling is required)
  • Pass the Illinois real estate licensing examination
  • To be sponsored by a managing broker is required.

Do you need to have a diploma or GED to get your Illinois real estate license?

Candidates for the position of licensed real estate agent in Illinois must possess a high school diploma or a GED at the very least.

What is the average salary for an Illinois real estate agent?

It’s impossible to estimate the “average pay” of a real estate agent in Illinois because the profession is so diverse. According to Indeed.com, full-time Illinois agents earn an average of $60,500 a year in commissions.

How old do you have to be to get your Illinois real estate license?

Applicants must be at least 18 years old in order to be eligible to become a real estate agent in Illinois.

Where do I take the Illinois real estate license exam?

It is possible to book your Illinois real estate examination with PSI by calling 833.892.5441 or by visiting their website.

What courses are required for an Illinois real estate license?

Property ownership, land use rules and limits, property valuation, real estate financing, and agency law and agreements are just a few of the topics covered in the 75-hour Pre-Licensingcoursework that Illinois students must complete before they can apply for their license.

What are the post-licensing and continuing education requirements for brokers?

For their first renewal cycle, new broker licensees are expected to complete 30 hours of post-licensing education and training. A number of other questions concerning post-licensing can be found on this page. Following the completion of the first renewal cycle for a broker, the broker is obliged to complete 12 hours of continuing education.

How can I determine how many continuing education (CE) credits I have in Illinois?

The CE Lookup tool provided by the Illinois Department of Financial and Professional Regulation allows you to track your personal progress.

Does Illinois have real estate license reciprocity with any other states?

Illinois has reciprocity agreements with the following states: Colorado, Connecticut, Florida, Georgia, Indiana, Iowa, Nebraska, and Wisconsin. Colorado, Connecticut, Florida, Georgia, Indiana, Iowa, Nebraska, and Wisconsin Before submitting an application for reciprocity, agents should consider the following relevant materials.

To inquire specific inquiries about real estate license reciprocity, agents can also contact the Illinois Real Estate Commission (Illinois Real Estate Commission).

Real Estate School of Illinois: Real Estate Classes & License

CHECK OUT OUR COURSES BELOW TO GET STARTED ON YOUR WAY TO A SUCCESSFUL CAREER IN REAL ESTATE. LOWEST PRICES ARE GURANTEED! If you find a lower price for the 75-HOUR ONLINE BROKER PRELICENSING PACKAGE anywhere, we will match it by 10%. For brokers throughout the state of Illinois, we are a fully-accredited real estate school (Illinois License: 515.000029) that provides high-quality online real estate programs at the guaranteed lowest pricing. We want you to be successful in your state licensing examination on your first attempt, therefore we design our prelicensing courses to not only meet the state’s educational standards, but also to prepare you to pass your state licensing examination on your first attempt.

  1. You may read more about our school and why we are the ideal choice for your real estate education by clicking on the links below.
  2. Registration for these sessions may be completed in as little as three minutes, and you will be able to begin your prelicensing study with our school immediately after completing your registration.
  3. It is possible to access the course materials from any location or device that has internet connectivity.
  4. GRADUATE FROM THE STATE EXAM AND RECEIVE YOUR LICENSE Following completion of your prelicense course, you will be required to sit for and pass a state licensing exam.

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Access to the Broker Topics Course is available 24 hours a day, seven days a week. The preparation for passing the state exam on the first try Exam Questions and Interactive Exercises to Prepare for the Exam Come join our thousands of other students and obtain your Illinois real estate license online through the Real Estate School of Illinois. Information about how to get in touch Call (630) 324-7117 or email [email protected] to learn more about the Real Estate School of Illinois.

Licensing Programs

Pre-licensing programs are intended to provide students with the courses they need to complete before applying for a state license.

New Career

In Illinois, obtaining a broker’s license is the first step toward a real estate profession. To get your broker’s license, you must first locate a Managing Broker who will sponsor you for at least two years after you have obtained your broker’s license. It takes two years to earn your Managing Broker’s License, which you may then use to start your own business as a sole proprietorship or create your own office.

Leasing Agent Pre-Licensing Courses

A Leasing Agent is a person who works for a Real Estate Broker and is licensed to engage in licensing activities that are confined to the leasing of residential property.

45 Broker Post-Licensing Courses

If you were first licensed after August 9, 2019, you will be required to complete the 45-Hour Post Licensing Package in order to renew your license for the first time in 2019.

Upgrade Your License

The Pre-License Managing Broker courses are 45 hours in length and are intended for brokers who aspire to manage an office or go into business for themselves. To be qualified to become a Managing Broker, you must have been licensed and actively practicing real estate for at least two years.

CE Instructor Certification Course

This course is intended for real estate professionals who wish to obtain their license in order to teach real estate continuing education courses to other real estate professionals.

Pre-license Instructor Certification Course

Preparing to become a real estate pre-licensing teacher is a challenging but rewarding endeavor for real estate professionals who want to further their careers.

How to Become a Real Estate Agent in Illinois

Obtaining an Illinois real estate license is required if you plan to pursue a real estate profession in any of the state’s major cities, such as Chicago, Aurora, Rockford, Joliet, Naperville, or any other city in the state. To be eligible for an Illinois real estate license, you must be 21 years old (or 18 if you meet the education requirements), have a high school diploma or GED equivalent, complete 90 hours of required education, and pass the Illinois real estate licensing exam. You must also be a resident of Illinois.

The following are the three steps to become a licensed real estate agent in Illinois:

Step 1: Be of a Certain Age and Meet Education Requirements

You must be at least 21 years old, or 18 if you have completed the education requirements outlined in Section 5-27, and you must be a lawful US citizen or permanent resident alien. You must also present a high school graduation certificate or its equivalent (GED).

Step 2: Register for and Complete 75 hours of Required Education

You must finish 75 hours of state-approved real estate courses in order to be eligible to sit for the Illinois Real Estate License Examination. Kaplan Real Estate Education provides a variety of programs that may be used to meet the 75-hour requirement.

View Licensing Packages

To pass your test, you’ll need a scaled score of 75 or above on the exam. However, as a Kaplan student, you will be well-prepared and confident going into the test. More information regarding the test may be found on the IDFPR’s official website. If your needed education package does not contain exam preparation, we strongly advise you to enroll in the following courses:

FREE eBook: Launching Your Real Estate Career

If you could sit down with a room full of accomplished real estate experts and ask them for career guidance, wouldn’t it be fantastic? We asked numerous established real estate professionals what they wished they had known before earning their license and beginning their careers, as well as what they believe all aspiring real estate professionals should know. We received a lot of great responses. We compiled all of their suggestions into a comprehensive eBook that is filled with value. E-book available for free download

How to Become a Real Estate Agent in Illinois

Getting a real estate license in Illinois is a little different from other states. For one, all agents representing buyers and sellers are known as brokers, not agents, even if they don’t manage a team. The state also requires that 15 hours of its 90 required prelicensing hours be spent in interactive and practice-related courses via live webinar or in-classroom approved by the Illinois Department of FinancialProfessional Regulation (IDFPR) instead of allowing aspiring professionals complete 100 percent of coursework at their own pace.

This guide will help you maneuver through these differences as well as the education requirements, background check, and exam needed toget your real estate licensein the Lincoln State. Here we go:

1. Meet the State’s Legal Requirements

A high school diploma or GED and a Social Security number or individual taxpayer identification number are required in order to apply for an Illinois real estate license. You must also be at least 21 years old. The proof that you have completed at least four semesters of post-secondary school with a concentration in real estate is required if you are between the ages of 18 and 21 while applying.

Did you know?

State reciprocity exists between Illinois and the following states: Colorado; Connecticut; Florida; Georgia; Indiana; Iowa; Nebraska; South Dakota; and Wisconsin. This implies that a real estate agent who passes the Illinois state test will not need to complete any more training in order to obtain their Illinois license. Nonetheless, because Illinois is a physical location state, out-of-state agents who wish to do Illinois real estate business must do it over the internet, and they are not permitted to enter the state for any reason other than to execute real estate transactions.

2. Complete Required Prelicensing Courses

When completing the prelicensing hours necessary by Illinois, you must either attend in-person classes or attend an approved online Illinois real estate school to earn your license. In order to obtain the whole 90 hours of needed education, prices will range from $385 to $699. This will cover both the 75 hours of broker classes and the 15 hours of practical, interactive training. The following courses are included in the 75-hour broker license program:

  • Real estate and the law
  • Real estate agency and brokerage
  • And other related topics. Various types of real estate ownership
  • Legal definitions of real estate
  • And other related topics Taxes on real estate and other liens on property Contracts for the purchase and sale of real estate Obtaining the transfer of title and recording
  • Legislation governing Illinois real estate licenses Principles and practices of real estate finance
  • Leases and property management are two areas of expertise. Real estate assessment, land use regulations, and property development are all topics covered. Fair housing and ethical business practices are important. The relationship between environmental concerns and real estate transactions
  • Bringing the real estate transaction to a close

The following courses are included in the 15 hours of practice-related courses:

  • Preparation of listings
  • Disclosure and fraud
  • Fair housing and discrimination
  • Personal assistant and administrative services
  • Distressed property and collaboration with specialists outside the brokerage
  • Putting out bids and counter-offers
  • Case studies and exercises are included.

Did you know?

You are excluded from taking the real estate prerequisite courses if you are an active member of the Illinois Bar in good standing and qualified according to the real estate license statute. However, you must pass the real estate licensing test in order to get a real estate license. Review our finest online real estate education providers to select the prelicensing education program that is perfect for you, and then enroll in the school that best meets your needs. The CE Shopis a fantastic resource for learning exam topics before enrolling for a test date in the near future.

3. Get FingerprintsPass Background Check

The IDFPR will conduct a background check and the testing center will validate biometric verification of your identification before you can sit for your state licensing exam. You must complete fingerprinting in order to sit for your state license exam. Make sure to arrange your appointment with Accurate Biometrics at one of their fingerprinting vendor sites at least two days before the test because it takes around 24 to 48 hours for your fingerprints to be submitted to the IDFPR. It is customary for fingerprinting to cost roughly $15, and payment can be made using a credit card, money order, cashier’s check, corporate or agency check, or pre-approved billing terms.

For further information, please see the Accurate Biometrics FAQs section of this website.

There are no convictions that will automatically exclude you from licensing; however, you will be required to declare the conviction on your application if you have one.

For further information, please see the Frequently Asked Questions section of the IDFPR website.

4. Take the Exam

Following completion of these criteria, you will be able to sit for your test. You will receive your results immediately after completing the exam, along with diagnostic score information and reapplication instructions, due to the fact that the test is administered through computer. Notably, the Illinois exam has a lower success rate than the majority of states, with only 45 percent of candidates passing the test. If you do not pass your test on the first try, you will be given up to three chances to repeat it without incurring any fees.

You can retake the portion that you failed within one year after sitting for the portion that you passed first time.

Exam Details

Arrangements for state licensing examinations must be made via PSI/AMP, which is a nationwide supplier of state licensing examinations. First and foremost, you must register as a student on the PSI/AMP website through theStudent Portal in order for the institution where you obtained your prelicensing education to verify the course completion information that you submitted to them. Then, after you have received your eligibility confirmation email, you may proceed to register for your examination.

  • As previously stated, fingerprints must be collected from a vendor that has been approved by the state.
  • Keep in mind that you will not be able to register for the test if you sign up fewer than two days before the exam date.
  • You should be able to pass the test even if the passing percentage is rather low, provided you put in the necessary effort and prepare correctly.
  • They provide high-quality test preparation at a reasonable cost.
  • Visit Real Estate Exam Scholars for more information.

5. Pick a Company to Work For

A sponsoring brokerage firm with which to affiliate your license is required in order to maintain a current license in Illinois. Check out our in-depth advice on how to choose the best real estate business to work for if you want to make your decision a little bit simpler.

In spite of the fact that the Prairie State is home to a slew of profitable brokerage firms, the following are the top five brokerage firms predicted to be the most successful in 2021*.

Illinois Cities With Highest Median Sales Price 2021

The increase in property prices translates into a rise in commissions for you. In order to gain an idea of which communities are bringing in the most money in Illinois, consider the following sales statistics fromTowncharts.combelow:

6. Apply for Your License

Once you have passed the test, you may register and complete your application on the IDFPRonline site, which you will then send together with your managing broker sponsor card and $125 to the organization. Following the submission of these papers, you will be able to practice without a license under the supervision of your managing broker for 45 days while your application is being reviewed. Because the state of Illinois no longer issues paper licenses, you will get an email notification after your license has been legally accepted by the state.

7. Start Your Real Estate Career

You’re ready to begin your real estate career in Illinois now that you’ve completed all of the necessary requirements to become a licensed real estate agent. Check out ourTop 25 New Real Estate Agent Tips From the Prosor14 Real Estate Agent Tips for 2021for additional information on how to get your career off to a good start in real estate.

How to get an Illinois real estate license in 5 steps – ASAP

Obtaining a real estate license in Florida takes far less time than it does in other states, but it still requires focus and attention, just as it does in any other state. There are specific eligibility and qualifying criteria, such as the completion of a 90-hour pre-licensing course, meeting certain age restrictions, and having a particular level of education. All of these measures are in place to assist you in better preparing for the test and passing it more easily. Continue reading for more details.

  • This fact, however, should not be seen as a source of discouragement.
  • In other words, top producers have the potential to earn significantly more.
  • The Division of Real Estate’s objective is to protect licensees throughout the state of Illinois by enforcing the laws of the state.
  • This organization serves as a one-stop shop for licensee regulation, ensuring that agents are appropriately evaluated and that standards are strictly followed to safeguard both agents and the general public.
  • You will, however, require a high school diploma or GED at the very least.
  • A large number of organizations provide a variety of packages; thus, it is important to carefully consider your alternatives and select the one that best meets your requirements.

Illinois real estate agents have evaluated and reviewed the finest real estate colleges on AgentAdvice.com to make it easier for you to choose the right school for you. Regarding the remaining expenses, you might budget for the following:

In addition to membership fees and running expenditures, there will almost certainly be additional charges, so when calculating the total cost of your real estate license, make sure to account for these and any other prospective expenses that may emerge. The cost of obtaining a real estate license in Illinois is around $1,000 in total. The Illinois Department of Financial and Professional Regulation should be in charge of administering the real estate license course, which should last 90 hours.

  • Law of licenses
  • Real estate
  • Agency structure
  • Seller and buyer relationships and counseling
  • Illinois law
  • Federal laws
  • Marketing and advertising in real estate
  • Real estate transactions
  • Financing
  • Contract knowledge
  • Independent contractor/employee agreements
  • Property management
  • And other areas of expertise.

15 hours of practical real estate concepts that cover the following topics:

  • Preparing a Listing
  • Buyer Representation
  • Agency Types
  • Presenting and Negotiating Offers
  • And Closing the Deal The Best Way to Deal With a Lot of Offers
  • How to Manage Administrative Assistants
  • CMS and Pricing
  • How to Perform CMS and Pricing
  • Identifying and reducing risk. Understanding Escrow Accounts
  • Managing Escrow Accounts Understanding Distressed Properties
  • Anti-trust Issues
  • Inspection Repairs and Remediation

To pass the real estate license test, you must properly answer at least 75% of the questions from both sections of the examination. The results of the examination will be provided to you shortly upon its completion. The amount of time it takes to become a real estate agent in Illinois varies from person to person. In most cases, it takes people between 2 and 6 months to accomplish everything. If you finish the license coursework as quickly as possible and pass all of the exams on the first try, it will take around two months.

  • That being said, if you’re in a hurry, you should definitely go for a self-paced course rather than an in-person course that has a set completion date.
  • One of the most significant benefits Illinois provides over other states is the option to operate under the supervision of a managing broker for 45 days while your license is being processed.
  • You must provide two kinds of identification that are current and genuine.
  • It might be anything from a state identification card to a driver’s license to a passport or a military identification card.
  • When you apply for a real estate license in Illinois, the Department of Financial and Professional Regulation will check your criminal record to see whether you have any convictions in the state or any other state.
  • Arrests and adjudications of juveniles
  • Charges that were dismissed (excluding those relating to real estate)
  • And other offenses Uncharged arrests
  • Arrests that did not result in a charge
  • Convictions that have been reversed or arrests or convictions that have been sealed or erased

You may also be eligible to apply for a real estate license once a specific length of time has passed after your conviction. When you submit your application, be sure to include information on any convictions or charges you have, as well as any changes, paroles, or dismissals that have occurred. In order to pass the real estate license test in Illinois, you must pass both the national and state-specific portions with at least 75 percent accurate answers on both the national and state-specific portions.

If you fail any of these three extra tries, you will be required to start the procedure again from the beginning.

If you fail only one section of the test, you will only be able to retake the section that you failed.

Taking a preparation course will always be beneficial, as it will assist you in passing the test and achieving a higher passing score as well.

There are a total of 140 questions, 100 of which are from the national section and 40 of which are from the Illinois-specific real estate topics. If you want to be more precise, the real estate licensing exam in Illinois tests your knowledge on these topics from your national portion:

  • Relationships and contracts with real estate agencies
  • Real estate ownership and interest
  • Finance
  • Real estate
  • Marketing regulations
  • Property management
  • Real estate calculations

Questions that are peculiar to each state include:

  • The following topics are covered: licensing requirements
  • Laws and rules governing real estate practice
  • Disclosures.

In three and a half hours, you should be able to finish the test and answer at least 75% of the questions correctly on each section. The real estate test is only passed by around 45 percent of pupils on their first attempt. This demonstrates that it is something that should be taken seriously and for which you should set aside time to learn and comprehend. This proportion, on the other hand, should not be a source of concern! Passing the exam will not be difficult if you prepare well, pay attention throughout the pre-licensing course, and put in the necessary effort.

  1. It not only assists you in improving your preparation and time management, but it also provides you with insights from people who have already taken the test.
  2. If you already have a real estate license in one of these states, it will be valid in Illinois as well as the other states listed above, and vice versa.
  3. When someone obtains a real estate license, they have demonstrated that they have passed the necessary licensing examinations.
  4. The primary distinction between the two is the scope of their responsibilities.
  5. The process of locating a sponsoring broker in Illinois is less complicated than in other states because the majority of brokerages are certified to oversee real estate agents.
  6. You should make certain that the sponsoring broker you select has years of expertise, is dependable, and has a track record of training successful real estate agents for the job market.
  7. Questions to ask the broker to find out what they believe, what their experience is, and whether or not they are enthusiastic about their business and will devote enough time to you are all important.
  8. It is intended to familiarize real estate agents with the foundations and principles of the United States real estate market, and it has been created and implemented in that manner.
  9. This includes the following:
  • Relationships and contracts with real estate agencies
  • Real estate ownership and interest
  • Finance
  • Real estate
  • Marketing regulations
  • Property management
  • Real estate calculations

However, the state-specific component of the book provides real estate facts and ideas that are special to the state of Illinois, such as the following.

  • The following topics are covered: licensing requirements
  • Laws and rules governing real estate practice
  • Disclosures.

There are no exceptions. Offering, attempting to offer, or conducting real estate acts without a valid real estate license as a broker, managing broker, or residential leasing agent is strictly prohibited by law. Anyone who violates this provision shall be subject to a fine from the Department of Financial and Professional Regulation, in addition to any other civil penalties that may be imposed by law. In Illinois, an employing broker is a licensed broker under whose supervision an agent or salesperson engages in real estate business.

In addition to two pieces of identification (both of which are required), you may bring a non-programmable calculator that does not have an alphabetic keyboard or programming functionality.

Otherwise, you are not permitted to bring anything.

Your pockets are also prohibited, and you will be required to turn them outwards in order guarantee that they are completely empty before entering the building.

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