Licensing Requirements

According to the Illinois Real Estate License Act:

  • To obtain a real estate Broker license, an individual is required to:

Complete a State approved 75 hour Broker Pre-License Topics  course and the 15 hour Broker Pre-License Applied Real Estate Principles course (available from Information Professionals, Inc.)

AND

Be at least 21 years of age and have a high school degree or a GED (no college is required)

OR

Be at least 18-20 years of age and have 2 years of college  and complete the State approved 75 hour Broker Pre-License Topics course and the 15 hour Broker Pre-License Applied Real Estate Principles course (available from Information Professionals, Inc.)

 

  • To obtain a real estate Managing Broker license, an individual is required to:

Complete  the State approved 30 hour Managing Broker Pre-License Topics and the 15 hour Managing Broker Pre-License Applied Management and Supervision course (available from Information Professionals, Inc.). Must have 2 years experience (of the past 3 years) as a Broker to be eligible for a Managing Broker’s license 

OR

Be a currently licensed attorney registered to practice law before the Illinois Supreme Court

 

  • Continuing Education Requirements for license renewal

Brokers must renew their license by April 30th of the even numbered years, and Managing Broker’s renew their license by April 30th of the even numbered years.

Managing Brokers renewal  April 30, 2017
Individuals holding a valid real estate Managing Broker license are required to complete 12 hours of State aproved continuing education and the 12 hour Broker Management course.

Illinois Attorneys are exempt from continuing education.

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CE hours must be taken in the 2 years preceding each renewal period. No carry-over is allowed of extra hours from previous periods.

More questions?
Check out our FAQs (frequently asked questions) for answers to many of your licensing requirement questions — or call our voice line at 708-687-8049.

You’ll never know unless you ask!