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Broker Continuing Education Requirements for 2008 Renewal
Licensed as a
Broker on or before 4/30/2006:
•
18 hours of Continuing Education required: 6
Core + 6 Elective credits
•
6 hrs Broker Management
Brokers
previously Licensed as a Salesperson between 5/1/2006 and 4/30/2008:
•
18 hours of Continuing Education
•
required: 6 Core + 6 Elective credits
•
6
hrs Broker Management
Licensed
as a Broker Between 5/1/2006 and 4/30/2007 IF NOT PREVIOUSLY
LICENSED AS A SALESPERSON:
•
12 hours of Continuing Education
required: 3 Core + 3 Elective credits
•
6 hrs Broker Management
Licensed as
a Broker on or after 5/1/2007 AND NOT PREVIOUSLY LICENSED AS A
SALESPERSON:
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6
hours of Broker Management due within 180 days of licensure
•
*
If issued a broker’s license within 90 days of the renewal date, the
6 hour broker management course will not be required until the next
renewal.
Continuing Education must have been completed during the renewal period of
5/1/2006 through 4/30/2008.
The additional 6 hours of broker
management continuing education should be earned between 5/1/06 and
4/30/08.
Exemptions: Illinois Real Estate
License Act, Section 5-70(b), licensed attorneys with an active attorney
registration card in the State of Illinois are exempt from taking
continuing education and that would include broker management continuing
education.
Continuing
Education credit for broker courses may apply if the courses are dually
licensed. IAR courses are dually licensed and include credit according
to the following:
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Brokerage Administration – 3 hours
core
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Advanced Principles 2000 – 3 hours
core
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Contracts – 3 hours core
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Sales & Brokerage – 3 hours elective
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Appraisal – 3 hours elective
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Finance – 3 hours elective
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Principles Review – NO CE CREDIT
If the broker courses were taken BEFORE
5/1/07 and used as CE credit for the salesperson’s renewal, they cannot
be used as credit towards broker’s renewal. Continuing Education earned
for IDFPR disciplinary purposes may not be used towards CE renewal.
Licensees must retain all original
certification of completion for their files. They are evidence of
satisfactory completion of Continuing Education credit in case of an
audit.
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P.O. Box 19451
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