Here’s your answers to the most frequently asked questions on issues including education, designations, licensure, and Illinois housing and market statistics.
- How do I find out how many CE hours I have?
- How do I find information about appraisal licensing?
- What are the requirements for obtaining my Real Estate License in Illinois?
- With which states does Illinois have license reciprocity?
- How do I become a pre-license or continuing education instructor?
- How can I find information on the price of a home in a specific Illinois community?
- What kind of data does Illinois REALTORS® have on housing?
- What is the source of the data?
Q. How do I find out how many CE hours I have?
A. Use the Illinois REALTORS® Education Lookup to look up your record of classes taken through Illinois REALTORS® sponsored classes. If you have any questions regarding the information, you may call education at 217-529-2600. If you need information regarding classes taken at other sponsored schools, you will need to visit Illinois Department of Financial and Professional Regulation (IDFPR), Division of Professional Regulation, Bureau of Real Estate or call 800-560-6420.
A. Find information regarding appraisal professions on the Illinois Department of Financial and Professional Regulation website.
Q. What are the requirements for obtaining my Real Estate License in Illinois?
A. Broker License: To qualify for an Illinois Real Estate Broker License in the State of Illinois you must be at least 21 years old, a high school graduate or equivalent (G.E.D.), successfully complete the required coursework and pass the state licensing exam. Effective May 1, 2011 the Broker license category replaced the former Salesperson license category.
The new Broker license has the same privileges of the previous Salesperson license category, but requires additional education to include 90 hours of pre-license education, 15 of which must be interactive (classroom or webinar) and 30 hours of post-license education. The 90 hours would include a 75-hour Broker Pre-license Topics course and a 15-hour Broker Pre-license Applied Real Estate Principles Interactive course. Classroom, Online and Home Study Pre-license options >
Managing Broker License: All new licensees who require managerial privileges are required to earn a Managing Broker license. To qualify for an Illinois Real Estate Managing Broker’s license in the State of Illinois you must be at least 21 years old, have an active valid Illinois real estate broker license, had an active real estate license for two (2) of the past three (3) years, successfully complete the required coursework and pass the state licensing exam. This new category of license for brokers who will manage and sponsor themselves and/or other licensees changed from Broker to Managing Broker.
The Managing Broker license is only available to applicants who held a real estate salesperson or broker license for two out of the last three years. If you have a broker license and meet the two out of three year requirement, it is assumed you have completed the 120 Broker pre-license requirement and you will only be required to take an additional 45 hours to include a 30-hour course, Managing Broker pre-license Topics and a 15-hour Managing Broker pre-license Applied Management and Supervision Interactive course.
Applicants who have never held a license will first have to complete the 90 hour Broker license requirement and the 30 hours of post license and follow with the 45-hour Managing Broker requirement. You would not be able to apply for your Managing Broker license until you have met the two out of three year requirement. Classroom, Online and Home Study Pre-license options >
Leasing Agent License: In order to obtain a Leasing Agent 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 a 15-hour Leasing Agent course at a real estate school approved by the Illinois Department of Financial and Professional Regulation, pass the state licensing exam. Live course offerings and home study courses are available.
Q. With which states does Illinois have license reciprocity?
A. For licensing questions, you may contact the Illinois Department of Financial and Professional Regulation, 217-785-9300. For their latest reciprocity updates, visit IDFPR’s License Reciprocity website. If you are currently licensed in one of the reciprocal states, you may obtain a reciprocal license by taking and passing the state portion of the Illinois exam. Study material is available from the Illinois REALTORS® Store. This exam is administered by Applied Measurement Professionals (AMP) www.goamp.com.
Q. How do I become a pre-license or continuing education instructor?
A. In order to become a pre-license instructor or continuing education instructor, you would need to apply through the Illinois Department of Financial and Professional Regulation. They have downloadable forms on their website that list the criteria needed to be able to be certified. Click on Real Estate Professions and then forms. The pre-license instructor license does require taking an exam. Exam information may be found through the Applied Measure Professional’s Web site at www.goamp.com. Continuing education instructors now have to complete an approved instructor training prior to making application with IDFPR. Visit the Illinois REALTORS® Store for Instructor pre-license coursework.
A. Courses to obtain your GRI designation are offered annually by Illinois REALTORS®. Some local associations offer Course I through Home Study and many office training programs qualify as equivalent credit for Course I. For additional information, contact 800-252-2910 or check out the classroom calendar for upcoming dates.
Q. Where can I get information on how to earn other designations?
A. The National Association of REALTORS® and its affiliated Institutes, Societies, and Councils provide a wide-range of programs and services that assist members in increasing skills, proficiency, and knowledge. Designations and certifications acknowledging experience and expertise in various real estate sectors are awarded by NAR and each affiliated group upon completion of required courses. Find a complete list of NAR’s real estate designations.
Q. How can I find information on the price of a home in a specific Illinois community?
A. Illinois REALTORS® does not track home prices for specific communities in the state. We do track the statewide, county and Chicago PMSA figures for median prices and the number of homes sold (single-family and condos). For specific neighborhood or community market data, contact a local REALTOR® or the local REALTOR® association in your area.
Q. What kind of data does Illinois REALTORS® have on housing?
A. Illinois REALTORS® issues monthly and quarterly market statistics reports for the median price and number of homes sold (single-family and condominiums) by:
- Chicagoland PMSA (Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties)
- County data is issued on a quarterly basis for all counties reporting
Q. What is the source of the data?
A. Sales and price information is generated from a survey of Multiple Listing Service (MLS) sales reported by participating Illinois REALTOR® local boards and associations.
Member services/ discounts
A. Illinois REALTORS® sponsors a third party administrator, Capital Professional Insurance Managers, Inc. (CPIM), who writes E & O coverage through CNA. CPIM may be reached by phone at 800-438-2746 or at www.cpim.com/iar.
Q. How may I verify that someone has a Real Estate License?
A. In order to determine if someone has a current Real Estate License in Illinois, you should visit Illinois Department of Financial and Professional Regulation or contact them at 217-785-9300
Q. How may I find a REALTOR® located in Illinois?
A. The Illinois REALTORS® website has a REALTOR® search function that will assist you in finding a REALTOR® by name or location.