Placeholder

Broker Pre-License 90 Hour Private Class (One-on-One)

$2,500.00

“Every journey begins with the first step.”

The first step in your journey to becoming a licensed Real Estate Broker in the State of Illinois is the Education Step.

The State of Illinois requires you to complete 90 hours of Pre-Licensing education to qualify to take the State Licensing Exam and 30 hours of Post-Licensing education once you have been issued a license for a total of 120 hours. A Real Estate Broker’s license allows you to represent sellers, buyers, investors, building owners and renters under the supervision of a Managing Broker. I Love Real Estate School will provide you with all of the education necessary to sit for—and pass–the State Exam.

The initial 90 hours of Broker Pre-Licensing education breaks down into two separate classes, both of which are needed to qualify to take the State Exam. This 90 hours consists of a 75 hour Topics course and 15 hours of Interactive training.

 

Description

The initial 90 hours of Broker Pre-Licensing education breaks down into two separate classes, both of which are needed to qualify to take the State Exam. This 90 hours consists of a 75 hour Topics course and 15 hours of Interactive training.

75 Hour Broker Pre-Licensing Topics:

The 75 hour Broker Topics course is intended to meet the State’s requirement for Pre-Licensing by concentrating on the principles and theories of real estate as well as real estate law. Using examples, stories and real life situations as the basis for class discussion, this course covers the following topics:

Agency—The relationship between Brokers and their Clients

Representation of Buyers and Sellers—What they are and how to use them

Real Estate Contracts—Understanding the contracts used in Real Estate

Real and Personal Property—What defines each and why they are important

Deeds, Title and Conveyances—The Broker’s role and familiarity

Real Estate Financing—What lenders are looking for, how to qualify prospects

The Closing Process—Who does what for a closing and the closing statement

Appraisal—How to value a property using the three approaches to value

Real Estate Math—All the math you need and how to get through it

And many more topics covered on the State Exam.

15 Hour Broker Pre-Licensing Interactive:

This is where the magic happens! State Licensing law requires that students participate in a LIVE interactive class where all of the principles you learned in the Topics portion are applied to real life scenarios. This class uses fun ways to reiterate the necessary information and lock it into student’s minds so you are ready to take the State Exam. Attendance at all sessions of the Interactive is mandatory.

At the completion of both courses, students take a 25 question multiple choice test covering items from the Interactive Class and then a 125 question multiple choice test covering items from the Topics Class. To pass the class, Students are required to score a minimum of 75% on each of the tests.

Second Step:

The second step in your journey to becoming a licensed Real Estate Broker in the State of Illinois is the Examination Step.

After successfully completing the first step of Education, the State of Illinois requires you to sit for and pass an examination which will show your competence in Real Estate.

The State Exam is administered by a separate company called Applied Measurement Professionals (AMP). Once you have completed the Education step, I Love Real Estate School will report your completion to AMP who will then allow you to schedule the State Exam at one of their testing facilities. The Exam is computer based and is given Monday through Friday as well as Saturdays depending on location. Examination fees are $46.

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

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)

As part of the State required education, Brokers are also required to complete post-licensing courses prior to their first renewal. That is Step 3.

Reviews

There are no reviews yet.

Be the first to review “Broker Pre-License 90 Hour Private Class (One-on-One)”

Your email address will not be published. Required fields are marked *