Brokers renewing their license for the first time must complete a 45-hour Post-License course before their renewal deadline.
Illinois license law requires new Brokers to have additional supervision until they complete their 45-hours of Post-License education. Until this Post-License requirement is complete, a licensee’s Designated Managing Broker must:
- Directly handle all earnest money
- Directly handle contract negotiations
- Approve all advertisements involving the newly licensed Broker
Real Estate Institute encourages Brokers to promptly complete this training and notify their Designated Managing Broker.