How to Become a Real Estate Broker in Illinois
If you’re considering a career in real estate, becoming a licensed broker in Illinois can be a rewarding and lucrative path. At Bowman Realty & Management, we support aspiring real estate professionals in achieving success. Here’s a step-by-step guide on how to become a real estate broker in Illinois.
Step 1: Meet the Basic Requirements
Before you can start the process, you must meet the following eligibility requirements:
- Be at least 18 years old
- Have a high school diploma or equivalent
- Be a U.S. citizen or legally authorized to work in the U.S.
Step 2: Complete Pre-License Education
Illinois requires aspiring brokers to complete 75 hours of approved real estate coursework, which includes:
- 60-hour broker pre-license course covering real estate principles, laws, and practices.
- 15-hour interactive course focusing on applied real estate concepts.
These courses must be taken through an Illinois Department of Financial and Professional Regulation (IDFPR)-approved school.
Step 3: Pass the Illinois Real Estate Broker Exam
Once you complete your coursework, you’ll need to pass the Illinois Real Estate Broker Exam, which consists of:
- National portion: Covers general real estate principles and laws.
- State portion: Focuses on Illinois-specific regulations and guidelines.
Step 4: Find a Sponsoring Managing Broker
In Illinois, new brokers must work under a licensed managing broker to practice real estate legally. Choose a brokerage that aligns with your career goals and offers mentorship, training, and support.
Step 5: Submit Your License Application
After passing the exam and securing a sponsoring broker, you must apply for your Illinois Real Estate Broker License through the IDFPR. This includes:
- Completing the online application.
- Paying the required licensing fee.
- Providing proof of course completion and exam results.
Step 6: Start Your Career as a Broker
Once licensed, you can officially begin working as a real estate broker in Illinois! Key steps to jumpstart your career include:
- Building your network – Connect with clients, real estate professionals, and industry mentors.
- Continuing education – Illinois requires brokers to complete 12 hours of continuing education every renewal period.
- Marketing yourself – Develop an online presence and leverage social media to grow your business.
Join Bowman Realty & Management
Looking for a brokerage to start your real estate career? Bowman Realty & Management offers:
Training and mentorship programs.
Access to top industry tools and resources.
Interested in joining us? Contact Bowman Realty & Management today to learn more about career opportunities!
By following these steps, you can launch a successful real estate career in Illinois. With the right training, determination, and a strong brokerage backing you, the opportunities are endless!