Requirements For Becoming A Licensed Real Estate Broker In Illinois
The State of Illinois requires an entry level broker to complete 60 hours of education. 60 hours may be Flexible Learning or home-study and 15 hours must be classroom education. An additional 45 hours of post-license education is also required before the licensee’s first license renewal.
After passing the school’s final exam, you will be allowed to take the state exam administered by AMP (Applied Measurement Professionals, Inc.) After passing the state exam you will need to affiliate with (become sponsored by) a real estate sponsoring broker. Your managing broker will send the paperwork to the state (IDFPR) and issue you a 45-day permit. That permit allows you to begin your real estate career immediately.
The state will send your license and pocket card to your home. You’ll bring the license to your managing broker to be displayed in the once and, of course, the pocket card goes into your wallet which needs to be carried with you whenever you’re doing real estate. The pocket card (or sponsor card) replaces the 45-day permit.
Licenses are renewed every two years and you will be required to complete 12 hours of Continuing Education before you can renew.
If you have decided to start a new career in real estate, you are on the right path. We are happy to guide you, so here are some requirements for becoming a real estate broker in Illinois.
Before you can become a recognized real estate broker in Chicago, Illinois you must first earn a license. To earn your real estate license in Illinois, you must be 18 years old , possess a high school diploma or GED equivalent, complete 75 hours of required education, and pass the Illinois real estate licensing exam. While the process to become a real estate broker is similar in most states in the US, each state has its unique steps that must be adhered to.
The three steps to becoming an Illinois real estate broker are as follows. You must:
- Be at least 18 years old
- Have a valid U.S. Social Security Number
- And have your High School diploma or GED.
It’s okay if you haven’t been to school in a few years… or a few decades. Our instructors are great with adult learners, and they know what people most often miss on the test. There is some math involved, but they spend plenty of time reviewing and practicing it with you during class sessions.
A couple of other notes about requirements:
- You must be “of good moral character.”
- You do NOT need to be a resident of Illinois in order to get an Illinois license.
- You don’t need to have prior sales experience.
- It’s important that you are comfortable and enjoy dealing with people.