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How do I get my real estate license?
Educational Requirements
Broker License:
To qualify for an Illinois Real Estate Broker's license in the State of Illinois you must be at least 21 years old, a high school graduate or equivalent (G.E.D.), successfully complete the required coursework and pass the state licensing exam.
Effective May 1, 2011 the Broker license category replaced the former Salesperson license category. The new Broker license has the same privileges of the previous Salesperson license category, but requires additional education to include 90 hours of pre-license education, 15 of which must be interactive (classroom or webinar) and 30 hours of post-license education. The 90 hours would include a 75-hour Broker Pre-license Topics course and a 15-hour Broker Pre-license Applied Real Estate Principles Interactive course.
IAR has classroom, online and home study options available to complete this training:
Managing Broker License:
To qualify for an Illinois Real Estate Managing Broker's license in the State of Illinois you must be at least 21 years old, have an active valid Illinois real estate broker license, had had an active real estate license for 2 of the past 3 years, successfully complete the required coursework and pass the state licensing exam.
The new category of license for brokers who will manage and sponsor themselves and/or other licensees changed from Broker to Managing Broker.
Also effective May 1, 2011 all new licensees who require managerial privileges are required to earn a Managing Broker license. This new license has the same privileges as the former Broker license, but has additional education requirements.
The new pre-license education requirement for the Managing Broker license is 165 credit hours. The Managing Broker license is only available to applicants who held a real estate salesperson or broker license for two out of the last three years. If you have a broker license and meet the two out of three year requirement, it is assumed you have completed the 120 Broker pre-license requirement and you will only be required to take an additional 45 hours to include a 30 hour course, Managing Broker Pre- license Topics and a 15-hour Managing Broker Pre-license Applied Management and Supervision Interactive course.
Applicants who have never held a license will first have to complete the 90 hour Broker license requirement and the 30 hours of post license and follow with the 45 hour Managing Broker requirement. You would not be able to apply for your Managing Broker license until you have met the two out of three year requirement.
Leasing Agent License:
In order to obtain a Leasing Agent license in the State of Illinois you must be at least 18 years old, a high school graduate or equivalent (G.E.D.), successfully complete a 15-hour Leasing Agent course at a real estate school approved by the Illinois Department of Financial and Professional Regulation, pass the state licensing exam.
For more information, contact Stacy Mahinda, at 217/529-2600.
