Real estate licensing requirements illinois

Take this quiz and see how your strengths and interests line up. If you like this, you'll love all the real estate humor on. How to get a real estate license in illinois. Pay for membership to the local multiple listing service. We always recommend the education available through real estate express. If you're considering starting a real estate career in chicago, aurora, rockford, joliet, naperville or any other city in the state, you'll need to earn an illinois real estate license.

Wondering how to become a real estate agent in illinois? That being said, it is a process with a number of steps that need to be followed. Real estate license reciprocity currently illinois has reciprocity with the following states under the real estate license act of Pursuing your real estate license online through is sometimes the easiest way to get your license.

Illinois requires two courses to get your real estate license: Getting a real estate license in illinois can be tiresomel. Allied schools helps you understand the illinois real estate licensing license requirements. This information is provided to give you a road map for how to get your real estate license in illinois.

You will also get tools for your future career. Get your real estate license today! Floor Springfield, IL Step 1: Comply with the General Illinois Real Estate License Requirements: To get your Illinois real estate license, you must be at least 18 years old Graduate from high school or obtain the equivalent of a high school degree GED Step 2: Meet the Educational Real Estate License Requirements in Illinois by completing the following courses - Enroll Today A total of 75 hours of pre-license coursework at a real estate school approved by the Department of Financial and Professional Regulation Step 3: Take the Illinois real estate license exam You will need a scaled score of 75 or better to pass your Illinois Real Estate license exam.

Skip to content. Illinois Real Estate Licensing Training. Illinois Online Real Estate Classes. View our approval. Illinois Real Estate Course Pricing. Our Illinois real estate training packages provide options to meet your needs and help you establish a strong foundation for your real estate career.

Purchase Exam Prep Only. Our hour real estate pre-licensing courses will help you kickstart your career as a real estate broker in Illinois. State Requirements. Top 10 Questions. Exam Prep Course. Requirements for Illinois Real Estate Licensing. Our course numbers are Certificate of Completion: You will receive a certificate of completion for each pre-license course you successfully complete.

The certificates can be printed immediately. Time Constraints: You have two 2 years to pass the state exam after completing the pre-licensing courses. Expert Instructors Our instructors love what they do and are excited to share their knowledge and their real-world experience with you.

Always Up-to-Date Our team stays on top of state real estate regulations so you are always getting the most accurate information. Lifetime Access Learning is a lifelong process. Stellar Support Our industry-leading instructors are here to help with their years of real-world experience and expertise.

Send An Email. Give Us A Call. Can I view the course outlines for these real estate courses? Rights in Real Estate Define land and real estate Distinguish categories of property Identify the bundle of rights Define water rights Differentiate between real and personal property Identify areas of government and judicial regulation III.

Ownership Define sole ownership Define and distinguish forms of co-ownership Describe how joint tenancy is created Define the mechanics of an estate in trust Identify the features of a land trust Define condominium ownership Define cooperative ownership Define time-share ownership V. Encumbrances and Liens Define encumbrance Describe the types of easement Define encroachment Define license Define deed restrictions Describe the types of lien Define lien priority Describe foreclosure processes VI.

Transferring and Recording Title Distinguish legal and equitable title Define actual and constructive notice List processes of voluntary and involuntary transfer Describe components of a deed of conveyance Identify types of deed Identify types of will Describe probate processes Define title records Describe the forms of title evidence VII.

Real Estate Leases Identify the principal types of leasehold estates List the rights and obligations of landlord and tenant List the legal requirements of a lease contract Describe major lease clauses Define the major types of lease Define default and termination Describe the areas regulated by URLTA VII. Land Use Planning and Control Describe the goals and process of land use planning Describe the zoning process Define the types of zone Describe the major environmental legislation Describe the major types of private land use control IX.

Legal Descriptions Define legal description Describe the metes and bounds method Describe the rectangular survey method Identify ranges, tiers and townships Identify sections of a township Describe a section fraction Describe the recorded plat method X.

Real Estate Contract Law Identify the basic legal concepts of contracts Describe requirements for validity of contracts Describe the creation and termination of contracts XI.

Agency Define the agency relationship Describe the fiduciary duties of agency Identify the forms of real estate agency Describe the rules of agency disclosure XII. Listing Agreements Describe the basis of listing agreements in contract and agency law Identify the types of listing agreement Describe how an agent fulfills an agreement and earns compensation Identify the basic provisions of a listing agreement XIII.

Contracts for the Sale of Real Estate Describe the characteristics and provisions of a contract for sale Describe the characteristics and provisions of an option-to-buy contract Describe the characteristics of a contract for deed XV. Real Estate Finance Define mortgage financing Describe loan transactions Calculate loan financial components Identify major elements of mortgage and trust deed Describe the underwriting and loan application processes Describe the major laws that affect mortgage lending Describe the primary and secondary mortgage markets Describe common loan types and structures XVIII.

Real Estate Investment Describe the investment characteristics of real estate Identify investment entities Describe the tax treatment of real estate investment XIX. You are allowed a basic-function calculator and scratch paper, but no cell phones or outside internet access.

The Illinois Real Estate Exam consists of questions. This includes for the National section and 40 for the State section. You will have minutes 3. The National section time is 2. Immediately after completing your exam, you will receive a scoring document that states whether you passed or failed.

If you decide to retake the exam, use this as a guide for your studies. On this page, you will find some other helpful resources as well, including the Candidate Handbook and Content Outline. This in-depth guide works as a great partner to your pre-license course to prepare you to pass on your first attempt!

In most cases, this process should take not more than 10 business days. Be sure to take some time to celebrate your accomplishment.