Illinois Real Estate License Guide

Quick Facts

Illinois Real Estate Governing Body:

Division of Real Estate (DRE)

PreLicensing Requirements:

90 Hours

СЕ Requirements:

75 Hours

Read more below

How to Get a Illinois Real Estate License

To get a real estate license in Illinois, you first need to meet the eligibility requirements. Those are: 

  • Be at least 21 years old (or 18 years old and attended at least four semesters of post-secondary education, which includes courses in real estate)
  • Have a high school education or GED
  • Be a citizen of the US

If you meet these requirements, you can then start the process of getting a real estate license in Illinois, which includes:

  • Completing the 90-hour pre-licensing course (which can also be taken online). Check out the top of this page to see reviews on top Illinois schools.
  • Taking and passing the Illinois real estate license exam

Once you pass the exam, you need to submit your licensing application to the Illinois Department of Financial and Professional Regulation (IDFPR). You need to do this through a sponsoring (managing) broker.

Compare Illinois Real Estate Schools

We’ve listed the best schools in Illinois based on reader’s reviews here. Looking for our editor’s picks? See the best real estate schools in Illinois.

SchoolReviewsEditor's ScorePricing
Real Estate School of Illinois
  • full star
  • full star
  • full star
  • full star
  • full star

based on 5 reviews

B $$$
Kaplan Real Estate Education
  • full star
  • full star
  • full star
  • full star
  • full star

based on 32 reviews

A- $$$
Real Estate Express
  • full star
  • full star
  • full star
  • full star
  • full star

based on 74 reviews

A- $$
The CE Shop
  • full star
  • full star
  • full star
  • full star
  • full star

based on 53 reviews

A $$
McKissock Learning
  • full star
  • full star
  • full star
  • half star
  • full star

based on 5 reviews

B $$$

Best Online Real Estate Schools in Illinois

Becoming an Illinois Real Estate Broker is a process that requires getting pre-licensing education with a state-approved provider. There are a lot of schools that currently offer this type of education through different delivery methods – classroom, live classes, and online. Among the many schools that provide this type of education, there are some that stand out, so by popular demand, we worked to bring you the best online real estate schools in Illinois in 2020. 

Real Estate Express

Real Estate Express is a reputable online real estate school part of a family of brands called Colibri Group. They provide learning solutions for licensed professionals in real estate, property appraisal, engineering, nursing, mental health, massage therapy, and cosmetology. 

REE was founded in 1996 to offer pre-licensing courses, post-licensing courses, and real estate exam test prep to aspiring real estate agents. It’s accredited by renowned agencies IDECC and ARELLO and has educated over 200,000 students in their 20+ years of experience. 

Course Contentpexels-binyamin-mellish-1396122

Course packages

As in every state, the course packages offered in Illinois are The Basics, Exam Preparation, Exam Preparation plus, and Ultimate Learning. 

The Basics package is designed for disciplined self-starters who already have some basic real estate knowledge. As the name suggests, it has only the basic features of their courses: 75 hours of pre-licensing courses, instructor support, and three real estate eBooks. 

Exam Preparation is fit for students that require some extra exam simulation and the protection of a money-back guarantee. Aside from the basic features, it also comes with REE’s Exam prep and a Pass or Don’t Pay guarantee through which students can get a refund if they don’t pass the exam on the first try if they meet certain criteria. This package also includes a basic Prep for Success membership, which comes with a subscription to Weekly Express, a newsletter with student tips and tricks, as well as a membership to Social Express – social media program.

Exam Preparation Plus includes features designed for those who want to talk regularly to an expert and establish a social media presence. The package comes with everything the previous two packages have, with the added comfort of 40 monthly hours of live Instructor Q&A sessions where licensing exam topics are discussed, a real estate dictionary with the key terms, and the three 15-hour post-license education needed for the first license renewal.

The Ultimate Learning package is the most comprehensive one offered by REE made to change the future agent’s life by helping them become an expert in the field. Everything from the previous packages is included, plus a printed course textbook for those that prefer studying from a physical copy. But what Ultimate Learning offers that other packages don’t is the benefit of getting a one year of professional development membership through McKissock. Students can kickstart their careers with professional development courses, webinars, job aids, and more through this membership.

Individual CoursesReal Estate Express Chapter 1 Screenshot

The three mandatory pre-licensing education courses in Illinois can also be bought individually.

Exam Prep

The Exam Prep platform is used by thousands of agents each year. Through it, you get access to ten practice exams, two national and three state final exams, custom-made exams, and digital flashcards intended to facilitate the exam process. Purchasing the exam prep also comes with a pass or don’t pay guarantee through which you can receive your money back if you don’t pass the exam on the first try after scoring 80% of all progress and final exams and take the final one within 30 days of completing the practice exams in the exam prep package. 

Two students studyingRatings & Reviews 

Agent Advice has a dedicated online real estate school review page where schools can pay to have reviews removed. On it, Real Estate Express in Illinois has more than 4 out of 5 stars. Most students have had a positive experience and enjoyed the curriculum and exam prep, so negative experiences are far and apart. 

Here is what one student has said about studying with REE:

“I like that I was able to take care of the course at my own pace instead of having to wait on a regular class schedule times. One thing that I think could’ve been helpful is auditory learning and possibly videos that would’ve made it easier for a visual learner like myself. I also think if they were to offer more testing sites to make it easier for their users. Be sure to take notes and make sure you review them before testing.”

What are the best parts?

As a long-standing and reliable education provider, REE is known to provide a high level of educational service. But, the reason why it stands out above its competition is its exam prep. It’s a comprehensive tool with several types of practice exams, custom exams, and other tools that help students prepare and ace the final exam on the first try.

What are the worst parts?

While there are no negative comments left for REE in Illinois, some students have said that they would prefer seeing more interactive methods of studying that would help them process the curriculum easier. 

Return policy/cancellation policyReal Estate Express Progress Exam Screenshot

Aside from the Pass or Don’t Pay guarantee, students can get a refund within one week if they don’t like the online course. Every purchase is backed up by a 100% satisfaction guarantee, so students can always reach out to the customer support of Real Estate Express to get a refund. 

Pros: 

  • Multiple course packages offered
  • Advanced exam prep 
  • Pass or don’t pay guarantee

Cons:

  • One-dimensional course content
  • Some exam prep complaints

The CE Shopstudying at coffee shop

Although The CE Shop is considered a newer real estate school with only 15 years in business, it quickly became popular among students. They use an interactive and inquiry-based approach in their courses that are approved by the Illinois Division of Real Estate and accredited by ARELLO.

As proof of their reliability and dedication, they’ve been given several accolades, including Best Places To Work and #9 Denver’s Fastest-Growing Private Companies by Denver Business Journal, and 2017 ONLINE EDUCATION PROGRAM OF THE YEAR: 180-Hr TX Salesperson Pre-Licensing Program.

Course Content

Course packages

Students of The CE Shop in Illinois can enroll in any of the four packages currently offered by them. Each of them is designed for varying levels of knowledge and experience and provides a different level of preparation for students. 

Courses only is the most basic package offered by The CE Shop that comes only with access to the mandatory 75 hours of Illinois pre-licensing education. 

Standard Package comprises of the mandatory 75 hours of Illinois courses plus an Exam Prep Edge and a Pass Guarantee through which students can get a refund if they don’t pass the exam on the first try after meeting some criteria.

The Value Package of The CE Shop comes with the mandatory 75-hour courses, Exam Prep Edge, a Pass Guarantee, and access to three different business-building courses (Building Your Sphere, Building Your Real Estate Business, and Is Commercial Real Estate For You?). 

The Premium Package includes all features of the previous packages for students to get their license in Illinois but also includes a 45-hour Illinois post-licensing package.

Individual Courses

As the basic package contains only the mandatory pre-licensing courses, The CE Shop doesn’t have any individual courses. 

Exam Prep

Students can get the National Exam Prep, State Exam Prep, or both as a package. The CE Shop’s Exam Prep Edge is an intuitive online study experience that helps students pass the licensing exam through: 

  • An initial assessment about the topic you’ve mastered to date and the ones you still need to work on.
  • Studying individual lessons by relevant topics.
  • Taking dynamic practice exams with unique questions from the licensing exam.
  • A real-time dashboard showing your current progress and mastery of each topic.

Ratings & Reviews The CE Shop Lesson 2.2 Screenshot

Agent Advice has a separate page with reviews left for real estate schools. On it, The CE Shop has just over four out of five stars. That puts it in the same class as the other top online schools in Illinois. The ratings are constantly changing as new students enroll in classes and leave reviews online. 

What are the best parts?

Studying with The CE Shop comes with several advantages for students. There are packages with different levels of preparation tools and features for each student taught through an online course, which gives everyone the flexibility to study whenever they want. 

In addition to this, students get access to a whole library of study aids, tools, and instructor support to guide them through the licensing process and help them pass the exam with a higher score. 

Woman studying for testWhat are the worst parts?

As the courses are online and self-paced without any type of supervision, they require a lot of discipline. Students taking the course have to be strict and stick to a schedule to be able to successfully complete the course before their access expires. 

Return policy/cancellation policy

As part of their commitment to student satisfaction, The CE Shop will refund the purchase price of any course for any reason if:

  • The refund is submitted within 30 days of purchase. 
  • The course hasn’t expired.
  • The course is not more than 50% completed.

The CE Shop will also refund the cost of Exam Prep Edge if the request is submitted within 30 days of purchase and if the student hasn’t passed through an initial assessment.

Pros: 

  • Very helpful course materials according to students
  • Flexibility to take the courses online 
  • Support provided through the school
  • A lot of additional study aids provided

Cons:

  • There is only one delivery method available
  • Website is not user-friendly
  • Requires a lot of discipline

Real Estate School of Illinois 

Real Estate School of Illinois is fully approved and accredited by the State of Illinois. One of their trademarks is their goal to provide the lowest cost of all. If anyone finds the course for a lower price than them, they will beat it by 10%.

They also assist their students with employment and will ensure that every person that passes the licensing exam through their courses will find a job in the industry. 

Course Contentstudying-woman

Course packages

The course provided through Real Estate School of Illinois are web-based and can be accessed from any type of device on any location, 24/7. It also includes practice exam questions, interactive exercises, progress tracking, and instructor support throughout the whole course. 

Individual Courses

There is currently only one Illinois pre-licensing package offered by the Real Estate School of Illinois. 

Exam Prep

Real Estate School of Illinois currently doesn’t have an exam prep package. However, the pre-licensing package includes practice exam questions and exercises designed to help students pass and score higher on the exam. 

Ratings & Reviews 

On Agent Advice’s review page, Real Estate School of Illinois doesn’t have many reviews. Many students were not enrolling in the school because of COVID-19, however, they anticipate that their enrollment numbers will bounce back. Although all the current reviews are sourced from Google, each of them is a clean, 5-star review, leading us to the conclusion that the Real Estate School of Illinois is reliable and helps students ace the licensing exam. Here is what one of the students said about their experience with the school:

“Very good school! The course material was very updated, and the course covered everything I needed to know. Instructors were knowledgeable and helpful. The course included many practice questions and helpful tips about the exam.”

What are the best parts?

As a real estate school from and in Illinois, Real Estate School of Illinois is specialized in providing local pre-licensing education. All course materials are continually updated to match the local laws and regulations, so students get only the latest information taught by professionals that know the local market and how it works. 

What are the worst parts?

A potential downside of the Real Estate School of Illinois is that it only has one type of pre-licensing course package students can enroll in. There is no additional exam prep package to help students prepare better for the final exam, so some students may consider this a negative. 

Return policy/cancellation policy

Real Estate School of Illinois offers a full money-back guarantee for refunds requested within seven days of purchase. 

Pros: 

  • Specialized in providing Illinois pre-licensing courses
  • Taught by Illinois real estate professionals
  • Materials are constantly updated 

Cons:

  • Only one type of course package offered
  • No exam prep package

Kaplan 

Kaplan considers themselves as “ the country’s premier real estate school providing real estate licensing and continuing education (CE) courses.” They have over 80 years of experience in providing education in multiple industries, with their real estate education provider being known as Kapre.

Kaplan hires only real estate professionals to teach their courses and allows students to take their pre-licensing education through several delivery methods: online, live classroom, or home study. 

Mentor helping woman studyCourse Content

Course packages

Illinois 60-hour Broker Licensing Online Course

Studying with Kaplan’s basic package grants you access only to the 60-hour online courses, not the full 75 hours. This means that you would have to take the Illinois 15-Hour Broker Interactive Licensing Course through another school to meet the Illinois Division of Real Estate requirements or purchase one of the other two packages offered by Kaplan.

Students also get enrolled in the interactive study groups, connecting distant learners in live webinars with real estate industry experts to discuss exam topics. 

Illinois 75-hour Broker Licensing With Master Exam Prep Online Package

This package comes with the complete 75 hours of mandatory pre-licensing courses and the interactive study groups but extends it with a unique Kaplan tool – the Practice QBank. The National and State PSI Drill and Practice QBank is an online test engine that stimulates the national or the state portion of the exam and gives students the ability to get mini-exams by topic to create the test that would help you pass the exam. 

Career Launcher Online Package 

The Career Launcher Online package is the most comprehensive package containing everything from the previous packages – 75 hours of mandatory pre-licensing courses, access to the interactive study groups, and the Practice QBank. However, this package adds a unique feature called the Real Estate Accelerator, which is an 8-hour intensive course taught throughout eight weeks, where you get professional coaching to launch your real estate career.

Individual CoursesKaplan Quick Quiz Screenshot

Kaplan doesn’t offer the mandatory courses separately, which means students would have to purchase a course package to get their pre-licensing education.

Exam Prep

Kaplan’s exam prep package includes both the National and the Illinois Real Estate Drill and Practice QBank. Through this tool, students can test themselves with hundreds of questions and simulate almost every test environment at any time to help them prepare better and score higher on the final exam. 

Ratings & Reviews Studying for real estate exam

Agent Advice has a reliable page with online real estate school reviews where companies can’t pay to have the reviews removed from it. On this page, Kaplan has close to four and a half stars. Most students have enjoyed their courses and were able to pass the exam thanks to them, with a few of them considering Kaplan has some room for improvement in a few areas.  

What are the best parts?

Kaplan is often praised for its exam prep. It has everything students need to prepare and pass both portions of the exam. “I thought it really covered all its marks, and I passed on my first try. Without it, I don’t think I would have passed them on the first go.” one student says. 

What are the worst parts?

Kaplan’s course prices are slightly higher than other online real estate schools, so their courses may be unaffordable for some. 

Return policy/cancellation policy

Students that purchased any of the web-based courses and classes, live classes, or exam preps and want to refund, reschedule, or cancel their package can do it through Kaplan. 

Pros: 

  • Courses are taught by real estate professionals
  • Multiple delivery methods with flexible schedules
  • Great exam prep 

Cons:

  • High course prices
  • The basic package doesn’t cover the full 75 hours of mandatory pre-licensing courses

Real Estate Institute

Real Estate Institute has been a local leader in providing real estate education in Illinois for over 25 years. It was founded in 1992 and currently has over 150,000 students who obtained their license through them. The goal of Real Estate Institute is to provide customers with unparalleled service and support, for which they employ professionals from different fields: expert instructors, customer service representatives, class and webinar support, course developers, and large client success specialists.

Course Content

Course packages

Real Estate Institute has three different types of pre-licensing course packages offered in Illinois:

  • Flex Path course package, which includes the mandatory 75-hours Illinois pre-licensing courses, instructor support throughout the course, and all course materials needed – both digital and hardcopy materials.
  • The Fast-Track course package comes with access to the mandatory 75-hours Illinois pre-licensing courses, instructor support, and course materials. In addition to this, the Fast-Track package comes with access to the Prep-to-Pass online exam prep with over 650 practice questions and explanations. This package is also backed up by a Success Guarantee that allows you to retake the course for free if you pass the course but fail the state exam. 
  • Directed-Track package includes everything that the Fast-Track has, but through this course, students get to attend live or webinar sessions with some of the best instructors in the business where they explain each area of the course textbook and provide information relevant for the final licensing exam. 

Studying for real estate examIndividual Courses

Students can get the mandatory 75-hours Illinois pre-licensing courses separately in two parts:

  • Part 1 comprising of 60 hours of pre-licensing classes
  • Part 2 comprising of 15 hours of interactive study classes

Exam Prep

Real Estate Institute currently offers three exam prep packages:

  • Intensive National Broker Review – includes a 3-hour live class or webinar with a real estate expert, a copy of the instructor’s presentation, online practice quizzes, and a stimulated final state exam you can retake if you don’t pass the licensing exam. 
  • Intensive Illinois Broker Review – includes a 2.5-hour live class or webinar with a real estate expert, a copy of the instructor’s presentation, online practice quizzes, a copy of State of Illinois Real Estate License Act of 2000 Study Guide, a stimulated final state exam, and MP’s candidate handbook with detailed information about the exam.  
  • Intensive Math Review – includes a 1.5-hour live class or webinar with an instructor where you can practice problems and ask questions, an electronic copy of the instructor’s presentation, online practice quizzes, and a final exam prep, which includes math-specific questions from the exam. 

Ratings & Reviews 

Although there are no reviews left on Agent Advice for Real Estate Institute, other websites have a rating between 4 and 4.8 stars. 

What are the best parts?

Real Estate Institute gives students several course packages students can enroll in. Each package comes with a different price and intensity to meet the varying educational needs. There are also three exam prep packages, so students can enroll in an exam prep that focuses on their specific needs and budget. 

What are the worst parts?

The biggest downside of studying with Real Estate Institute is that their courses are more expensive than other real estate schools, and all costs paid are non-refundable. This means that even if a student is unsatisfied with the course, they won’t be able to receive a refund for it. 

Return policy/cancellation policy

All courses purchased through Real Estate Institute are non-refundable.

Pros: 

  • Several pre-licensing course packages 
  • Several exam prep packages
  • Courses are continuously updated to meet local regulations
  • Focused on Illinois real estate 

Cons:

  • High course price
  • No refund policy 

Bottom Line

The quality each real estate school provides is not the same, which is why we’ve assembled the schools the best online real estate schools in Illinois. We carefully analyzed the content of each course and the conditions under which they offer their courses to bring you a guide that will help you find a trusted source of pre-licensing education that will give you the best shot at nailing your licensing exam in Illinois. 

 

 

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This information was reviewed and approved by Chris Heller in March 2021. Chris serves on the AgentAdvice Editorial Board and is the Chief Real Estate Officer at OJO Labs. Chris brings deep expertise having held influential industry positions including CEO of mellohome and former CEO of Keller Williams Realty International.

Illinois Real Estate Licensing FAQs

Getting a real estate license takes a lot less time than it does in other states, but as in any other state, it takes dedication and attention. There are certain eligibility and qualification requirements, such as the 90-hour pre-licensing course, age requirements, and education requirements. These are all in place to help you prepare for the exam better and pass it easier.  Read on for more information. 

According to the US Bureau of Labor Statistics, the annual mean wage is $42,130. However, there is no need to be discouraged by this fact. Working hard in real estate and sealing deals can bring a lucrative income several times higher than the annual wage. In other words, high producers can make a lot more.  For instance, the annual 90th percentile wage in Illinois gets up to $80,900.  

Higher education is not required to be eligible to take the real estate exam. However, you need a high school education or GED at a minimum. 

The overall cost depends on the pre-licensing course you choose, as this takes up the biggest portion of the costs. A lot of companies offer different packages, so make sure you analyze your options and choose the one most fit for your needs.  Illinois agents have rated and reviewed the best real estate schools here on AgentAdvice.com, in order to make this easy for you.

As for the other costs, you can plan the following ones: 

  • Exam fee of $55
  • License application fee of $125

There will surely be other expenses as well, so when you’re planning the overall cost of your real estate license, make sure you plan for membership fees, operating expenses, and other potential costs that may arise. 

In total, it costs around $1,000 to get your real estate license in Illinois.

The real estate licensing course lasts for 90-hours and should be administered by the Illinois Department of Financial and Professional Regulation. It covers topics from the following areas: 

  • 75 hours covering the following topics: 
    • License Law
    • Real Property
    • Structure of Agency
    • Seller Relationships and Counseling
    • Buyer Relationships and Counseling
    • Illinois Law
    • Federal Laws
    • Marketing and Advertising
    • Real Estate Transactions
    • Financing
    • Contract Knowledge
    • Independent Contractor/Employee Agreements
    • Property Management
  • 15 hours covering applied real estate principles that cover:
    • Listing Preparation
    • Buyer Representation
    • Agency Types
    • Presenting and Negotiating Offers
    • How to Deal With Multiple Offers
    • How to Manage Assistants
    • How to Perform CMS and Pricing
    • How to Minimize Risk
    • How to Handle Escrow Accounts
    • How to Handle Distressed Properties
    • Anti-trust Topics
    • Inspection Repairs

To pass the real estate licensing exam, you need to answer 75% of the questions from both portions correctly. The results of the exam will be given to you immediately after completion. 

The time it takes to become a real estate agent in Illinois depends on the individual. It usually takes people 2 to 6 months to complete everything. If you finish the licensing coursework faster and manage to pass everything on the first try, it will take about two months. However, if you take the course at a slower pace, and fail the exam one or multiple times, it will take longer for you to be licensed as a real estate agent.  That said, if you’re in a hurry, you should probably go with a self-paced class rather than an in-person course that is bound to a specific deadline.

Remember that you have two years to register to take the real estate licensing exam once you pass the real estate licensing exam. 

One of the major advantages Illinois offers that other states don’t is the ability to work under a managing broker for 45 days while your license is being processed. This way, you won’t lose any time building your real estate career and will be able to work as soon as you pass the exam. 

You should bring two valid forms of ID. At least one of these two IDs needs to be government-issued with your photo ID, name, and signature. It could be a state ID card, a driver’s license, a passport, or a military ID. 

While it won’t necessarily disqualify you from obtaining a license, having a criminal record may make it harder for you to get a real estate license. 

When you apply for a real estate license, the Department of Financial and Professional Regulation will go through any conviction you may have in Illinois or any other state. They will not, however, consider the following: 

  • Juvenile arrests and adjudications,
  • Charges that were dismissed (except those related to real estate)
  • Arrests that were not followed by a charge
  • Convictions that have been overturned, or
  • Convictions or arrests that have been sealed or expunged.

You can also apply for a real estate license a certain period after your conviction. When you submit your application, make sure you disclose information about any convictions and charges along with any changes, paroles, and dismissals. 

To pass the real estate licensing exam in Illinois, you need to pass both the national and state-specific portion with at least 75% correct answers. 

If you fail the real estate license exam in Illinois on your first try, you can retake it three more times. If you fail these three additional attempts, you will have to restart the process all over again. This means retaking the full, 90-hour pre-licensing course and reapplying for the licensing exam. 

If you fail only one portion of the exam, you can retake only the one you failed. 

To maximize your chances of passing the licensing exam on your first try, you need to prepare well and study hard. A prep course is always helpful and will give you a hand in passing the exam and getting a higher passing score as well. 

The Illinois real estate license exam will help you get familiar with the basic fundamentals of real estate and prepare you to enter the real estate market in Illinois. There are 140 questions in total, 100 from the national portion, and 40 questions of Illinois-specific real estate areas. 

To be more specific, the real estate license exam in Illinois covers the following areas of the national portion: 

  • Agency Relationships and Contracts 
  • Real Property Ownership/Interest 
  • Finance 
  • Real Property 
  • Marketing Regulations 
  • Property Management 
  • Real Estate Calculations

State-specific questions:

  • Licensing Requirements
  • Laws and Rules Regulating Real Estate Practice
  • Disclosures

You have three and a half hours to complete the exam and answer 75% of each portion correctly. 

Only around 45% of students pass the real estate exam on the first try. This goes to show that it is something you should take seriously and dedicate time to learn and understand. 

However, this percentage shouldn’t discourage you! If you prepare well, pay attention during the pre-licensing course, and study hard, passing the exam won’t be a challenge.  

Taking a prep course before applying to take the licensing exam has proven to be beneficial for students. It not only helps you prepare better and manage your time more efficiently, but it also gives you insights from people who have already taken the exam.

Currently, Illinois has reciprocity with eight other states: Florida, Georgia, Colorado, Connecticut, Iowa, Nebraska, Indiana, and Wisconsin. If you already obtained your real estate license in any of these states, it will also be valid in Illinois and vice versa.

Being a real estate broker in Illinois means taking on more responsibility. A real estate agent is someone who has passed the licensing exam and obtained a real estate license. A broker, on the other hand, is an agent that has worked in the industry for several years and has obtained additional licensing.

The main difference between the two is their responsibilities. Brokers manage agents and can own real estate companies, while agents cannot.

Finding a sponsoring broker in Illinois is not as difficult because most brokerages are qualified to supervise real estate agents. However, picking just any random brokerage won’t do. You should make sure that the sponsoring broker you’re choosing is experienced, reliable, and has shown a pattern of preparing successful real estate agents.

Try to view the process as job recruitment, but with you being on the hiring side. Ask the broker questions to find out what they think, what their experience is, and see if they are passionate about their work and will dedicate enough time to you. 

Every state has a mandatory national portion included in their real estate licensing exam. It’s designed and implemented so that real estate agents are familiar with the basic fundamentals and principles of the US real estate market. In fact, the national part is the largest portion of the exam in every state. This includes:

  • Agency Relationships and Contracts 
  • Real Property Ownership/Interest 
  • Finance 
  • Real Property 
  • Marketing Regulations 
  • Property Management 
  • Real Estate Calculations

The state-specific portion, on the other hand, covers real estate facts and principles relevant to the state of Illinois, such as:

  • Licensing Requirements
  • Laws and Rules Regulating Real Estate Practice
  • Disclosures

No. Offering, attempting to, or practicing real estate actions without holding a valid real estate license as a broker, managing broker, or residential leasing agent is not allowed. Anyone who does this will have to pay a penalty to the Department of Financial and Professional Regulation in addition to any other penalty required by civil law. 

An employing broker in Illinois is a licensed broker under which an agent/salesperson practices real estate. As an agent, you will act on behalf of an employing broker and receive commissions only through them. 

Besides two forms of ID (which are mandatory), you can bring a non-programmable calculator that doesn’t have an alphabetic keyboard or programming features. You can also bring your wallet and your key, but other than that, you cannot bring anything else. This includes your phone and your watch. 

You are not allowed to have anything in your pockets either and will be asked to turn them outwards to ensure that they are empty.

Any violation of these rules and possessions of items outside what is allowed may result in your disqualification from the exam.