Asked by: Fiorella Silvera
real estate real estate buying and selling

How do you get a real estate license in Chicago?

Last Updated: 3rd April, 2020

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Here are the nine steps to getting an Illinois real estate license:
  1. Consider Reciprocity & Portability for Real Estate License: Illinois.
  2. Complete Pre-Licensing Coursework.
  3. Register for the Real Estate Licensing Exam.
  4. Familiarize Yourself With the Broker Exam.
  5. Prepare for the Licensing Exam.
  6. Take & Pass the Licensing Exam.

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Thereof, how long does it take to get a real estate license in Chicago?

take a 90-hour Broker Pre-License Course, pass the Illinois Real Estate Exam, and. start selling!

Additionally, how long does it take to get a real estate license in Illinois? You can complete all 90 hours of pre-license coursework in 9 weeks if you take our Accelerated Online Pre-License course. All pre-license courses expire 180 days from the date of purchase.

Just so, how do I become a real estate agent in Chicago?

Become A Real Estate Agent in Illinois

  1. Must be 21 years of age or older.
  2. Have a High School Diploma or GED Equivalent (if certificate is issued from another country contact IDFPR for further information)
  3. Have a Social Security Number or TIN (Tax Identification Number)
  4. Complete a 90 Hour Pre-Licensing Course at an IDFPR approved school.

How do I get my real estate brokers license in Illinois?

To qualify for an Illinois Real Estate Broker License in the State of Illinois you must be at least 18 years old, a high school graduate or equivalent (G.E.D.), successfully complete the required coursework, and pass the state licensing exam.

Related Question Answers

Jonay Arriegas

Professional

How much is the realtor exam?

Real estate examination and licensing fees
Your real estate license application fee will generally cost around $25. You will also have to pay for fingerprinting and a background check. These will cost about $100 altogether. The actual state exam fee will vary, but it is generally less than $50.

Salek Questo

Professional

What does real estate school cost?

Fees Breakdown by Course
Course Fee
Real Estate Investment Analysis $505
Principles of Mortgage Financing $505
Principles of Property Management $505
Real Estate Broker Course $925

Zlatan Jentges

Professional

How hard is the real estate exam in Illinois?

You'll have 3 ½ hours to complete the test, and a score of 75% is considered passing (results are provided immediately upon completion). The Illinois Real Estate Exam contains 150 multiple-choice questions. 105 of these questions are national questions and 45 are state questions.

Jincui Colorado

Explainer

Is real estate a good career choice?

Real Estate is a Great Business
Real estate really is a great career choice. It can be a very difficult career if the training and work ethic fails, but it can be a seriously rewarding career if you are self-motivated, hard-working, honest, and enjoy networking and helping people.

Landelina Kastelan

Explainer

How much does a real estate license cost in Illinois?

It costs $180 to get a real estate license in Illinois. The Illinois broker exam costs $55 and aspiring brokers must also pay a $125 license application fee. In addition, applicants must take 90 hours of pre-licensing courses, which cost $500 on average.

Vassil Niklos

Explainer

How much does an Illinois license cost?

Driver's License/Permit Fees:
Driver's License, ages 69-80: $5. Driver's License, ages 81-86: $2. Driver's License, ages 87 and older: Free. Temporary Visitor Driver's License: $30.

Berkis Macheleid

Pundit

Do real estate agents make good money?

On average, members of the National Association of Realtors complete 12 transactions each year. Newer real estate agents will likely sell even fewer houses, and have lower incomes. According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive.

Dine Nowag

Pundit

How much do real estate agents make in Illinois?

Real estate agents earn an average yearly salary of $36,134. Wages typically start from $19,959 and go up to $187,308.

Youssouph Gheorghi

Pundit

What is difference between real estate agent and real estate broker?

A real estate agent is anyone who has earned a real estate license. A real estate broker is an agent who has also passed their broker license exam. The primary difference between a real estate agent and broker is that a broker can own a real estate firm or hire agents to work for them.

Janel Wisniesk

Pundit

How much does a first year real estate agent make?

An error occurred. The data does not say the average income for Realtors in their first year was $8,330, but Realtors with less than two years of experience. The actual average income for Realtors in their first year is most likely less than $8,000 a year.

Dayle Ullindah

Pundit

How many times can you take the real estate exam in Illinois?

How many times can I take the state exam? The state exam has two sections; a general section and an Illinois specific section. You must pass each section with a minimum grade of 75%. If you fail the exam you may retake the exam 3 more times (total of four times).

Wenona Sonderschafer

Teacher

Do you need a Social Security number to be a real estate agent?

Current law requires an individual to provide proof of legal presence (proof of U.S. citizenship or legal alien status), in the United States in order to obtain a real estate license. Applicants will still be required to provide a social security number or an individual taxpayer identification number for licensure.

Raimunda Jaworsk

Teacher

What does it take to get your realtors license?

Depending on your state's real estate licensing requirements, which typically include 60-90 hours of formal education and studying and sitting for a licensing exam, it can take anywhere from 3-6 months to get a real estate license.

Faride Oco

Teacher

What do real estates do?

A good real estate agent: Keeps up with local and regional market activity and industry news. Researches active, pending, and sold listings and reviews the daily MLS Hot Sheet or Activity Report. Completes, submits, and files paperwork, such as real estate documents, agreements, and records with the proper state

Adda Rouse

Teacher

How can I do real estate?

Here's what you need to do to begin a career and succeed as a real estate agent:
  1. Meet your state's minimum age and education requirement.
  2. Take real estate education courses, meeting minimum number of instruction hours.
  3. Pass the state exam.
  4. Work under a licensed broker.
  5. Study your market.

Ninoska Rumkorff

Reviewer

Do you have to be sponsored by a broker to get your real estate license?

As a new real estate licensee, the first step you'll need to do is choose a real estate broker. The process of picking a broker can start early, as some states require that you be sponsored by a broker when you take your real estate exam.

Louisa Kerstingaufderheide

Reviewer

What states does Illinois have real estate reciprocity with?

Real estate license reciprocity: Illinois has reciprocity agreements with the following states:
  • Colorado.
  • Connecticut.
  • Florida.
  • Georgia.
  • Indiana.
  • Iowa.
  • Nebraska.
  • Wisconsin.

Tihomir Lago

Reviewer

What do you need to get your license in IL?

To obtain an Illinois Driver's License you must:
  1. Visit a Secretary of State facility, show required identification documents and have your photo taken.
  2. Surrender all valid out-of-state licenses, state ID cards, instruction permits and commercial driver's licenses.
  3. Pay the appropriate fee.

Lurline Llevat

Reviewer

Who needs a real estate license?

To be eligible to become a licensed real estate salesperson or agent, you must: Be at least 18 or 19 years old (depends on the state) Have legal US residency. Complete your required prelicense education (find your state's requirements)