5 Steps Toward Getting Your Illinois Broker License
Getting licensed for your new career might seem a bit daunting, but we’re here to guide you through the process. Read on to learn the five steps you’ll need to take before starting your career in Illinois real estate.
Complete and pass 90 hours of Pre-Licensing coursework (75 hrs. of Real Estate Broker Topics and 15 hrs. of Broker Pre-Licensing, Applied Real Estate Principles-Interactive).
Broker candidates must successfully take 90 hours of pre-licensing courses from an approved Illinois Department of Financial and Professional Regulation (IDFPR) real estate education provider like The CE Shop. The course work includes 75-hour Real Estate Broker Topics and a 15-hour interactive course in Applied Real Estate Principles. For the 15-hour interactive course, you will be provided a link to sign up for a live webinar session over 3-4 days. It is recommended not to complete the 15-hour interactive course until you are approximately 90% through the 75-hour course.
Why Should You Choose The CE Shop for Your Illinois Pre-Licensing Classes?
The CE Shop offers its coursework through LEAP, an advanced online learning platform designed specifically for aspiring and existing real estate professionals. Satisfy the Illinois broker pre-licensing education requirement and prepare for your licensing exam with our industry-leading courses.
Complete the course final exams.
After completing your coursework, meeting the time requirements, and passing your practice exams, you can take the final course exams. Each final has an exam fee of $25 per exam. To pass the test, your score must be at least 70%.
Pass the IL Real Estate Broker Examination.
The Illinois real estate broker’s state licensure exam is administered by PSI (formerly AMP). The Illinois Real Estate Broker Examination consists of two portions: the National Broker Portion, comprised of 100 questions used to compute your score and the State Broker Portion, containing 40 multiple-choice questions. The total time allowed for both portions of the examination is 3.5 hours. The examination fee is $46.
In addition to the questions used to compute your score, the examination may include five questions that are being “pre-tested” for use in future versions of this examination. These pre-test questions are not identified, and your answers to them do not affect your score.
Apply for licensure within one year of passing the exam.
After you’ve passed both sections of the Illinois real estate broker examination, you have up to one year to apply for your license. Details and instructions for the online application are available here.
Be sponsored by a managing broker.
How do you choose the best managing broker to sponsor you? Just like anything in life, there’s no such thing as a one-size-fits-all managing broker. Do your research to ensure that the managing broker you choose represents your values, interests, and market niche. Looking for questions to ask? Start off with these:
- What is their reputation, both locally and nationally?
- What kind of real estate agents are they looking for?
- Are they technologically advanced and up-to-date with the latest systems?
- How do they support their agents with education and training?
- What kind of commission structure do they offer?
- Do they offer benefits?
- Do they provide their agents with leads and marketing material?
- Is there room to grow with the brokerage?