IL Real Estate Pre-License - License Requirements

This article contains the following sections:

Residential Leasing Agent License Requirements

A Residential Leasing Agent license is required for individuals performing leasing activities for a person or entity other than the property owner.

Leasing activities include:

  • Leasing or renting residential property.
  • Collecting rent for the use of a residential property.
  • Attempting, offering, or negotiating to rent, lease, or collect rent for the use of a residential property.

To become a licensed Residential Leasing Agent, a person must do the following:

  • Applicant be 18 years of age or older.
  • Hold a high school diploma or GED equivalent.
  • Complete a 15-credit hour Residential Leasing Agent Pre-License course at a real estate school approved by the Department of Financial and Professional Regulation (IDFPR).
  • Pass state licensing exam.
  • Complete application paperwork with sponsoring broker and apply to the state.

Broker License Requirements

A real estate Brokers license is required for individuals who represent prospects and owners in the sale, exchange, management, and leasing of residential, commercial, or industrial properties.

To become a licensed real estate broker, a person must do the following:

  • Applicant be 18 years of age or older.
  • Hold a high school diploma or GED equivalent.
  • Complete a 75-credit hour Broker Pre-License course at a real estate school approved by the Department of Financial and Professional Regulation (IDFPR).
  • Pass state licensing exam.
  • Complete application paperwork with sponsoring broker and apply to the state.

Managing Broker License Requirements

A Managing Broker license is required for...

  • Any self-sponsored licensee (any individual seeking to practice real estate brokerage as a sole proprietor sponsoring their own license must obtain the managing broker license.
  • Any broker who has supervisory responsibilities for licensees in one or, in the case of a multi-office company, more than one office who has been appointed as a managing broker by the sponsoring broker.
  • Managing Broker can sponsor other licensees, sponsor themselves, or be sponsored by a Managing Broker.

To become a licensed real estate Managing Broker, a person must do the following:

  • Applicant be 20 years of age or older.
  • Hold a high school diploma or GED equivalent.
  • Complete a 45-hour Managing Broker Pre-License course.
  • Pass state licensing exam.
  • Must have an active Brokers license for two consecutive of the previous three years.
  • Complete application paperwork with sponsoring broker and apply to the state.

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