Illinois Department of Financial and Professional Regulation requires that your final course exam be proctored for pre-license and continuing education.
Illinois Real Estate Education Requirements:
Illinois real estate salesperson license: N/A
Illinois real estate broker license: 75 hours, which includes 60 hours of Real Estate Topics (parts 1 and 2) and 15 hours of Applied Real Estate Principles (part 3).
45 hours of post-license education for brokers is required, which consists of three 15-hour post-license courses.
Final Exams: Your final course exam must be proctored
Illinois State Reciprocity:
Real estate commissions and boards across the country are adopting policies for a real estate agent in one state to more easily become licensed in another state.
Currently Illinois has reciprocity with the following states under the Real Estate License Act of 2000: Colorado Department of Regulatory Agencies, Connecticut Department of Consumer Protection, Florida Department of Business and Professional Regulation, Georgia Real Estate Commission, Indiana Real Estate Commission (Broker reciprocity only), Iowa Real Estate Commission, Nebraska Real Estate Commission, and Wisconsin Department of Regulation and Licensing.
To qualify for an Illinois Real Estate Broker license under Category D, applicants must:
Be at least 21 years old
Hold an active broker’s license, or equivalent by examination in a state that has a reciprocal agreement with the Department of Financial and Professional Regulation
Illinois Real Estate Continuing Education (CE) and License Renewal Requirements:
Real estate brokers in Illinois must renew their real estate licenses by April 30 of even-numbered years
Managing brokers in Illinois must renew their real estate licenses by April 30 of odd-numbered years
Illinois continuing education requirements: 12 hours, which includes 4 hours of CORE CE and 8 hours of elective CE. One of the 8 hours of Elective must include a Sexual Harassment Prevention Training course.
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Illinois Department of Financial & Professional Regulation. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.
Illinois Appraisal Licensure Levels:
Associate Real Estate Appraiser
Certified Residential License
Certified General License
Illinois Appraisal Licensure Requirements:
Must be at least 18 years of age
Must have a high school diploma or its equivalent
Must meet the educational requirement for the applying level of licensure
Must meet the experience requirement for the applying level of licensure
For Certified Residential level: A minimum of an Associate’s Degree OR 21 college semester hours in specific subject matters is also required
For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required
Satisfactory completion of the state examination
Submit application, required documents, and associated fees
Illinois Appraisal Education Requirements:
75 hours for the Associate Real Estate Appraiser which consist of the following courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)
200 Hours for the Certified Residential Appraiser which consist of the same 75 hours of Associate Real Estate Appraiser education AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours) Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
300 hours for the Certified General Appraiser which includes the same 200 hours for the Certified Residential Appraiser education AND: General Appraiser Sales Comparison and Income Approach (15 hours), General Appraiser Site Valuation and Cost Approach (15 hours), General Appraiser Income Approach (45 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
Illinois Appraisal Experience Requirements:
Associate Real Estate Appraiser – No experience requirement
Certified Residential Appraiser – 2500 hours in no less than 24 months
Certified General Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals