| Broker Pre-Licensing – general info |
The required 75 class hours of broker courses must be completed at real estate school approved by the Illinois Department of Financial and Professional Regulation in the following manner Mandatory Course (45 hours) Brokerage Administration (15 hour course) Contracts and |
| IDFPR Notice: Change in Expiration Date for Salesperson Licenses |
http www.idfpr.com dpr re NEWS SalespersonsExpDateChange2012.pdf |
| Preparing for Transition: Salesperson to Broker |
For salesperson licenses, there will be no renewal as of April 30, 2011. All Illinois real estate salesperson licenses will be extended until April 30, 2012, at which time the licenses expire. Thus, salesperson licensees will have three years between |
| Preparing for Transition: Keeping My Broker's License |
All brokers as of April 30, 2011 who want to remain as a broker and not obtain a managing broker license will just need to complete 12 hours of CE to renew their broker license at April 30, 2012. There |
| Preparing for Transition: Managing Broker's License |
Those brokers who are designated with the Real Estate Division of the Illinois Department of Financial and Professional Regulation (IDFPR) as of April 30, 2011 will have a one year period to transition to the managing broker license. That transition |
| Preparing for Transition: Reciprocal Licensure |
Q How can a managing broker in another state obtain an Illinois managing broker’s license? Effective May 1, 2011, Illinois will issue a managing broker’s license to a person licensed as a managing broker (or its equivalent) in another state |
| Transition and CE Requirements for 2012 Renewal |
Transition and CE Requirements for 2012 Renewal A Sole Proprietor who is not a Managing Broker must transition to Managing Broker by 4 30 2012 Licensed as a Salesperson on or before 4 30 2011 Broker licensed on or before
Education Calendar |
| Transition Period |
Use the chart below developed by the Illinois Association of REALTORS® to begin thinking about your plan for the transition from “salesperson” to “broker” and “broker” to “managing broker.” Remember, the exams and CE courses remain in development and the |
| Your Commitment… |
Students taking any licensing course must be able to commit a considerable amount of time and effort to the course of study. Licensing courses are not seminars where late arrivals and missed sessions can be accommodated. Illinois License Law mandates |