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How do I get my Real Estate license in Illinois?
Do you have what it takes?
Successful real estate agents are self-motivated and enjoy working with people. They are willing to devote time to building their network, and have the motivation and flexibility to attend to their client’s needs.
What do real estate agents do?
Brokers help people buy, sell or rent residential real property within a reasonable time period and at a fair price. Brokers act as an intermediary between sellers and buyers during negotiations and help draw up the necessary legal paperwork to complete transactions.
Managing brokers work alone without supervision and may supervise other agents. Some managing brokers own or manage their own brokerage. To become a managing broker, you must first have held an active broker license for two of the previous three years and successfully complete the required coursework and pass the state licensing exam. If you meet these requirements, you may enroll in Managing Broker Pre-License courses.
What’s the Process?
Step 1 – Take the Broker Pre-License Coursework
The two required courses for an Illinois license are:
- Broker Pre-License Topics (60-hours)
- Broker Pre-License Applied Real Estate Principles (15-hours interactive).
Pre-License Course – Check Out Class Information |
2021 Pre-License Course Calendar
Step 2 – State and National Exam
After you’ve completed your coursework, thoroughly review the Illinois Real Estate Examination Program Candidate Handbook.
When you’re done reviewing the handbook, you may register for the state and national licensing exam.
Step 3 – Sponsorship and Application
Before you may submit your license application to the Illinois Department of Financial and Professional Regulation (IDFPR), you will need a managing broker to sponsor you.
To maintain your broker license, you will need to complete post-license education during your first renewal cycle and continuing education in subsequent renewal cycles.
Financial Assistance is Available
The Illinois Education and Training Grant is a scholarship for eligible individuals who are pursuing a real estate degree or license in the state of Illinois. The grant may be used towards Illinois REALTORS® D2L online courses (75-hour Pre-License Topics course & 15-hour Broker Pre-License Interactive webinar) or any live classroom offered at an Illinois REALTORS® branch. Information about this and other scholarships is available on the REEF website and inquiries may be directed via email or by phone call to 866-854-7333.
U.S. military veterans who want to start a career in real estate may apply for reimbursement of their Illinois REALTORS® pre-license class fees through the GI Bill®. The federal program applies to live pre-license classes provided by Illinois REALTORS® Licensing & Training Center education branches. Only live (including Zoom Video Conferencing), instructor-led courses are eligible for reimbursement. Click Here for More Information.
The Illinois Real Estate Educational Foundation (REEF) administers the Illinois Minority Real Estate Scholarship Program in partnership with the State of Illinois, which allows us to award 60 scholarships each year to qualified racial residents of Illinois pursuing courses of study that will prepare them for careers relating to real estate or enhance the skills and knowledge that they currently use as real estate professionals. As a part of the Diversity Initiative, Illinois REALTORS® is partnering with REEF to increase the number of scholarships awarded by another 40 annually. The number of Illinois Minority Real Estate Scholarships will significantly increase to 100 scholarships awarded each year. Click Here for More Information
Eligibility: Racial minority residents of Illinois pursuing courses of study that will prepare them for careers relating to real estate or enhance the skills and knowledge that they currently use as real estate professionals.
We are happy to answer whatever questions you may have. Please contact us at Education@myRASI.com or call us at (618) 277-1980.