Q) What are the requirements to obtain a Real Estate Broker’s License?
- Be at least 21 years old
- Have graduated from high school or obtained a GED
- Complete a state approved 90-hour Real Estate Broker Pre-License class with 75 hours classroom or an equivalent home study course and 15 hours of mandatory classroom instruction. 30 hours of post-license education is also required
- Be of good moral character–no delinquent child support, no delinquent state income tax or delinquent student loan payments and no felony convictions.
- Pass the State License Exam
Q) Where are classes held?
I Love Real Estate School has two locations: Downtown Chicago and Naperville. Please check the Calendar to see which classes are being held in each location.
Q) How do I schedule the State Exam?
Once you complete the pre-license course, the School will send notification of your completion electronically to the IDFPR. The license candidate must contact the testing company, Applied Measurement Professionals (AMP) to schedule an examination appointment. Appointments for license testing can be made: online, by phone, by fax or by mail. AMP’s phone number is 1-800-345-6559.
Q) What is the fee for the State Exam and what do I need to bring with me?
The fee for the State Exam is $46.00. You’ll need to make sure you have two forms of identification–one MUST be a photo ID. A photograph and a fingerprint scan photograph will be taken at the testing site. You will need a calculator for the Exam. The testing Center does NOT provide a calculator and will NOT allow you to use your cell phone as a calculator for the test. Calculators cannot be programmable in any way and if they are AMP will NOT allow them to be used.
Q) How is the State Exam given?
The State Exam is computer based. It is an all multiple choice exam and a passing grade is 75%. You will be given a notice of whether you passed or failed immediately.
Q) How many questions are on the State Exam?
The Illinois State exam is comprised of the following:
100 multiple choice questions covering “National” topics
40 multiple choice questions covering “State” specific topics
5 multiple choice questions chosen at random and later discarded
145 total multiple choice questions
Q) What are the possible outcomes of the State Exam?
You must score a minimum of 75% to pass each portion of the Exam. There are four outcomes when you take the Sate Exam. You can:
1)Pass the State and the National portion of the Exam
–You are eligible to get your license!
2)Pass the State and fail the National portion of the Exam
–You can re-take just the National (100 questions) portion
up to a year later
3)Pass the National and fail the State portion of the Exam
You can re-take just the State (40 questions) portion
up to a year later
4)Fail the State and the National portion of the Exam
You can re-take entire Exam (145 questions)
Q) What happens next after I pass the State Exam?
After passing the state exam you will need to become sponsored by a real estate managing broker within one year. Your managing broker will send the paperwork to the state (IDFPR) and issue you a 45-day permit—also called a Sponsor Card. That permit allows you to start practicing real estate immediately. Within 45 days, 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 office and carry the pocket card whenever you’re practicing real estate.
Q) What happens if I don’t pass the State Exam?
The exam may be taken four times. The fee is the same for each time. If, for some reason, you don’t pass after the fourth attempt, you must retake the pre-license course.
Q) When does my new License have to be renewed?
Licenses are renewed every two years and after the first renewal, you will be required to complete 12 hours of Continuing Education before you can renew.