Illinois
buy

Illinois Real Estate Study Guides

The Illinois License Professor is Illinois' number one provider of high quality real estate knowledge designed to help YOU pass your Illinois real estate exam the first time. Explanations and feedback given by the Illinois License Professor is provided by real estate license instructors and professional realtors from across the United States. Many students have already aced their Illinois real estate exam by preparing with the Illinois License Professor.

Contents


The Illinois License Professor covers all of the AMP necessary fundamentals of real estate, including brokerage relationships (agency), ethics, and trust accounts.

The Illinois License Professor Features:

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

Illinois state specific topics include:

  • OBRE regulations
  • Licensing requirements
  • Agency and property disclosures
  • Advertising
  • Accounting requirements

Studying with the Illinois License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each IL real estate exam has been extensively planned out by the Illinois License Professor's editorial staff; professionals who teach real estate license courses all over Illinois. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Illinois License Professor's system provides.

The Illinois License Professor covers the following topics:
1. Introduction to the Real Estate Business 13. Title Records
2. Real Property and the Law 14. Real Estate Financing: Principles
3. Concepts of Home Ownership 15. Real Estate Financing: Practice
4. Agency 16. Leases
5. Real Estate Brokerage 17. Property Management
6. Listing Agreements and Buyer Representation 18. Real Estate Appraisal
7. Interests in Real Estate 19. Land-Use Controls and Property Development
8. Forms of Real Estate Ownership 20. Fair Housing and Ethical Practices
9. Legal Descriptions 21. Environmental Issues and Real Estate Transactions
10. Real Estate Taxes and Other Liens 22. Closing the Real Estate Transaction
11. Real Estate Contracts 23. Real Estate Math
12. Transfer of Title 24. Illinois Law and Practice
Start Now

Illinois Real Estate License Requirements

In Illinois, exams, licensing, and continuing education for real estate agents are governed by the Illinois Office of Banks and Real Estate.

There are two basic real estate licenses in Illinois:

Salesperson

To be eligible for the Illinois Real Estate Salesperson Examination, candidates must meet all of the requirements in one of the following categories:

Category A - 45-Class-Hour Qualification

To qualify for an Illinois Real Estate Salesperson's license under Category A, applicants must:

  1. Be at least 21 years old
  2. Have graduated from high school or obtained the equivalent of a high school degree
  3. Have successfully completed the 45-class-hour Real Estate Transactions course at a real estate school approved by the Office of Banks and Real Estate

Category C - Attorney Qualification

To qualify for an Illinois Real Estate Salesperson's license under Category C, applicants must:

  1. Be at least 21 years old
  2. Be admitted to practice law by the Illinois Supreme Court

Category D - Reciprocity Qualification

To qualify for an Illinois Real Estate Salesperson license under Category D, applicants must:

  1. Be at least 21 years old
  2. Be a resident of the reciprocal state at the time of application for examination as well as licensure

Category E - 18-21 Year Old Qualification

To qualify for an Illinois Real Estate Salesperson's license under Category E, applicants must:
  1. Be at least 21 years old
  2. Have successfully completed at least two years of college as a full-time student, including the 45-class-hour Real Estate Transactions course at a school approved by the Office of Banks and Real Estate
Sample Salesperson Exam

Broker

To be eligible for the Illinois Real Estate Broker Examination, candidates must meet all of the requirements in one of the following categories:

Category A-1 - 120-Class-Hour Qualification

To qualify for an Illinois Real Estate Broker's license under Category A-1, applicants must:

  1. Be at least 21 years old
  2. Have successfully completed the 120-class-hour Real Estate Transactions course. A candidate cannot accrue an additional 45-class-hour of credit by repeating the Real Estate Transactions course.

    Note: An applicant for a broker license who is licensed as an Illinois real estate salesperson is presumed to have completed a 45 credit hour Real Estate Transactions course provided that the licensee has not been nonrenewed for the preceding two years or more
  3. Have completed 75 class hours of broker courses at a real estate school approved by the Office of Banks and Real Estate
Category C - Attorney Qualification
To qualify for an Illinois Real Estate Broker's license under Category C, applicants must:
  1. Be at least 21 years old
  2. Be admitted to practice law by the Illinois Supreme Court

Category D - Reciprocity Qualification

To qualify for an Illinois Real Estate Broker license under Category D, applicants must:

  1. Be at least 21 years old
  2. Be a resident of the reciprocal state at the time of application for examination as well as licensure
  3. Brokers must be actively licensed in the reciprocal state for a minimum of two years
Sample Brokers Exam

Illinois has reciprocal agreements with:

  • Colorado
  • Connecticut
  • Georgia
  • Indiana
  • Iowa
  • Nebraska
  • South Dakota
  • Wisconsin

Anyone holding licenses from any of these states may apply for a reciprocal license, and may be able to forego some classroom work and other requirements.