06 Apr Get A Real Estate License In Illinois: A Complete Guide
If you are considering a career in real estate in The Prairie State, you will need to obtain your real estate license in Illinois.
Did you know Illinois has an unofficial state motto–The Prairie State? Everybody knows “Land of Lincoln,” but The Prairie State is also legit.
A career in real estate can be fulfilling and lucrative, offering you the opportunity to help people find their dream homes, while also enjoying the flexibility and independence that comes with being a real estate agent. This article will provide you with a comprehensive guide to obtaining your real estate license in Illinois, covering the requirements, the process and helpful tips to succeed.
Requirements for Obtaining a Real Estate License in Illinois
To be eligible for a real estate license in Illinois, you must meet the following requirements:
- Age: You must be at least 18 years old.
- Education: You must have a high school diploma or GED.
- Background Check: You must pass a background check, which includes fingerprinting.
- Pre-License Education: You must complete 75 hours of pre-license education from an approved real estate school.
None of that is too hard.
Completing the Pre-License Education
The 75 hours of pre-license education are divided into two courses: a 60-hour Broker Pre-License Topics course and a 15-hour Broker Pre-License Applied Real Estate Principles Interactive course. These courses cover essential topics such as Illinois real estate law, brokerage agreements, agency relationships, and contract law.
You can take the courses online or in-person, depending on your preference and schedule. Once you have completed the courses, you will receive a certificate of completion, which is valid for two years from the date of issuance.
Passing the Illinois Real Estate Exam
After completing the pre-license education, you need to pass the Illinois Real Estate Exam. This exam consists of 140 multiple-choice questions, divided into two parts: the national portion and the state-specific portion. You will have four hours to complete the exam.
To pass the exam, you must score at least 75% on the national portion (which consists of 100 questions) and at least 75% on the state-specific portion (which consists of 40 questions). You will receive your results immediately upon completing the exam.
Applying for the Real Estate License in Illinois
Once you have passed the Illinois Real Estate Exam, you can apply for your real estate license in Illinois. You will need to submit the following documents:
- Completed application form
- Proof of your pre-license education completion
- Proof of passing the Illinois Real Estate Exam
- Fingerprint receipt
- Licensing fee
After submitting your application, it typically takes 4-6 weeks for the Illinois Department of Financial and Professional Regulation (IDFPR) to process it and issue your real estate license.
Once you have received your license, you will need to work under the supervision of a broker. We know some awesome brokers in Illinois (especially in and around Chicago). Contact us if you’d like some suggestions in the broker department.
Tips for Success
- Choose the right real estate school: Research and compare different real estate schools in Illinois to find the one that best fits your learning style, schedule, and budget.
- Develop a study plan: Create a study plan to help you stay organized and focused as you prepare for the Illinois Real Estate Exam.
- Take practice exams: Practice exams can help you become familiar with the test format and identify areas where you may need to spend more time studying.
- Network with other professionals: Networking with other real estate professionals can provide valuable insights, advice, and support as you navigate the licensing process and your future career.
Obtaining your real estate license in Illinois is the first step towards a rewarding career in real estate. By meeting the requirements, completing the pre-license education, passing the Illinois Real Estate Exam and submitting your application, you will be well on your way to helping people find their dream homes in the Prairie State. Remember to stay focused, develop a study plan and network with other professionals to set yourself up for success.