How do I get my Real Estate license in Illinois?
To become a real estate broker in Illinois, you must meet these minimum requirements:
- Be at least 21 years old* and have a high school diploma or equivalent. (*In some instances, 18-year-olds who meet certain education pre-requisites may also be eligible.)
- Complete 90 hours of pre-license education:
- Broker Pre-License Topics (75-hour course)
- Broker Pre-License Applied Real Estate Principles (15-hour interactive course)
- Pass the State/National licensing exam administered by PSI/AMP (140 questions)
- Submit a license application, sponsor card and licensing fee to Illinois Department of Financial and Professional Regulation (IDFPR)
Do you have what it takes?
Successful real estate agents are self-motivated and enjoy working with people. They are willing to devote time to building their network, and have the motivation and flexibility to attend to their client’s needs.
What do real estate agents do?
Brokers help people buy, sell or rent residential real property within a reasonable time period and at a fair price. Brokers act as an intermediary between sellers and buyers during negotiations and help draw up the necessary legal paperwork to complete transactions.
Managing brokers work alone without supervision and may supervise other agents. Some managing brokers own or manage their own brokerage. To become a managing broker, you must first have held an active broker license for two of the previous three years and successfully complete the required coursework and pass the state licensing exam. If you meet these requirements, you may enroll in Managing Broker Pre-License courses.
What’s the Process?
Step 1 – Take the Broker PRE-License Coursework
The two required courses for an Illinois license are:
- Broker Pre-License Topics (75-hours)
- Broker Pre-License Applied Real Estate Principles (15-hours interactive).
Click here to find information on our upcoming 90-hr Illinois Broker Pre-License Courses. (Filter by tag: Pre-License)
Step 2 – State and National Exam
After you’ve completed your coursework, thoroughly review the Illinois Real Estate Examination Program Candidate Handbook.
When you’re done reviewing the handbook, you may register for the state and national licensing exam.
Step 3 – Sponsorship and Application
Before you may submit your license application to the Illinois Department of Financial and Professional Regulation (IDFPR), you will need a managing broker to sponsor you.
To maintain your broker license, you will need to complete post-license education during your first renewal cycle and continuing education in subsequent renewal cycles.
Financial Assistance is Available
The Illinois Real Estate Educational Foundation (REEF) awards scholarships to students of real estate and related fields of study. Available scholarships and application requirements are listed on the REEF website: www.ilreef.org. Of particular interest to pre-license students is the Illinois Education and Training Grant. This scholarship is for eligible individuals who are pursuing a real estate degree or license in the state of Illinois. The grant may be used toward an IAR 75-hour pre-license topics course (Home Study, eStudy or classroom) or an IAR 90-hour pre-license package. Information about this and other scholarships is available on the REEF website and inquiries may be directed via email or by phone call to 866-854-7333.
We are happy to answer whatever questions you may have. Please contact us at Education@myRASI.com or call us at (618) 277-1980.