Illinois Real Estate Exam Prep

The Illinois License Professor is Illinois's 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 Illinois, including Chicago, Aurora, and Springfield. Thousands of students have already aced their Illinois real estate exam by preparing with the Illinois License Professor.

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Illinois State Licensing

The Illinois Division of Real Estate (DRE) licenses, registers, and regulates real estate brokers (sales agents) and managing brokers and has its real estate licensing exam administered by PSI/AMP. The Illinois DRE is part of Illinois Department of Financial and Professional Regulation (IDFPR). Our Illinois real estate prep exams cover all of the necessary fundamentals for both the state and national portions of the PSI/AMP exam.

What are the Illinois NATIONAL Licensing Exam Topics?

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate
  11. Real Estate Calculations

What are the Illinois STATE Licensing Exam Topics?

  1. Licensing Requirements
  2. Laws and Rules Regulating Real Estate Practice
  3. Disclosures
  4. (For Managing Brokers) - Managing Broker Topics

Illinois License Package Features

1,600 +

Illinois Specific Questions

14

Full Exams

3

Interactive Study Modes

(Learning, Exam, & Flash Card)

Specific Math and Definition Exams

Prepare for Both State and National Exams

Most people don't realize just how tough the Illinois real estate exam is. You need to earn 75% in order to pass the exam, and many candidates who do not prepare well enough fail on their first try! Don't be another statistic - studying with the Illinois License Professor will dramatically improve your chances for success. It is as close to the actual Illinois real estate exam as you can get. This is the perfect way to build confidence for when you write the actual exam.

Practicing real estate exam questions 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 Illinois real estate exam has been extensively planned out by the Illinois License Professors 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 Illinois real estate exam using the excellent practice exams and informative feedback that the Illinois License Professor's system provides. And don't forget - we have a 100% money back guarantee!

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Topics Covered in our Package

Illinois exam questions and our comprehensive glossary cover all real estate topics, including:

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

Broker License Requirements

An Illinois Real Estate Broker License is required of individuals who perform any act specified in the definition of a “broker”, but who perform such acts with the sponsorship of a managing broker. For the purposes of the License Professor, a broker is similar to sales agents in other states. Purchasing our sales agent package and selecting Illinois will provide you with national exam prep questions as well as Illinois-specific broker questions.

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Minimum Requirements to Apply for the Broker License

  • Basic: To apply for a license, you must be 18 years of age or older, must have a United States Social Security number, graduated high school or have an equivalent diploma, and completed 75 (60 & 15) hours of pre-license education. You will also need to pay all applicable fees and provide all required documentation.
  • Education: Broker candidates must complete seventy-five (75) hours of real estate education in real estate principles/fundamentals before they take the examination, from an approved real estate school in Illinois. Depending on the approved school, online real estate courses may be an option.
  • Residence: License applicants must provide Proof of Legal Presence in U.S. If not a Illinois resident, you can still apply as a nonresident candidate if you are from one of Illinois's 8 reciprocity agreement states and have an active license: Colorado, Connecticut, Florida, Geogria, Indiana, Iowa, Nebraska, and Wisconsin. You will still need to take the Illinois Broker Licensing Exam portion through PSI/AMP, but may be exempt from redoing the pre-license education.
  • Honesty: License applicants must be honest and truthful. Conviction of a crime may result in the denial of a license. The failure to reveal a criminal conviction on an original license application may also result in the denial of a license and/or license renewal.
  • Fees: The Illinois application fee is $125 and the PSI/AMP exam fee is $55.

Curious about how it works?

Take our free sample real estate exam so you can see exactly what you are signing up for. Just remember that you get access to the entire databank with 1600+ questions specific to Illinois.

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Managing Broker License Requirements

An Illinois Real Estate Managing Broker License is required of individuals who want to assume supervisory responsibilities for broker licensees in one or more offices. The candidate must have been an actively licensed broker for two of the last three years and be in good standing. For the purposes of the License Professor, a managing broker is similar to brokers in other states. Purchasing the broker package and selecting Illinois will provide you with national questions as well as Illinois-specific managing broker practice questions.

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Minimum Requirements to Apply for the Managing Broker License

  • Basic: To apply for a license, you must be 20 years of age or older, must have a United States Social Security number, graduated high school or have an equivalent diploma, and completed 45 (30 & 15) hours of pre-license education. You will also need to pay all applicable fees, pass the exam, and provide all required documentation.
  • Education: Managing broker candidates must complete forty-five (45) hours of real estate education in real estate principles/fundamentals before they take the examination, from an approved real estate school in Illinois. If the broker license is not active, 165 credits are required. Attorneys admitted to practice law by the Supreme Court of Illinois are exempt from this requirement. Depending on the approved school, online real estate courses may be an option.
  • Residence: License applicants must provide Proof of Legal Presence in U.S. If not a Illinois resident, you can still apply as a nonresident candidate if you are from one of Illinois's 8 reciprocity agreement states and have an active license: Colorado, Connecticut, Florida, Georgia, Indiana, Iowa, Nebraska, and Wisconsin. You will still need to take the Illinois Broker Licensing Exam portion through PSI/AMP, but may be exempt from redoing the pre-license education.
  • Honesty: License applicants must be honest and truthful. Conviction of a crime may result in the denial of a license. The failure to reveal a criminal conviction on an original license application may also result in the denial of a license and/or license renewal.
  • Fees: The Illinois application fee is $150 and the PSI/AMP exam fee is $55.

Still undecided?

Take our free sample real estate exam so you can see exactly what you are signing up for. Just remember that you get access to the entire databank with 1600+ questions specific to Illinois.

Try a Managing Broker Practice Exam

Frequently Asked Questions

We know you may still have a number of questions about obtaining your real estate license in Illinois. Here are the most commonly asked ones. If you still have questions, just go to our contact page and let us know.

The broker exam contains 100 national questions and 40 state-specific questions. Each question is judged by experts for what would be a score for a “minimally competent practitioner” (MCP) based on their difficulty. The minimum passing score is then computed by averaging these judgments.

The managing broker exam contains 10 national simulation problems and 40 state-specific questions. A minimum passing level (MPL) is assigned by experts, who judge questions based on Information Gathering (IG) and Decision Making (DM). The MPL for IG and DM are added together, to create the overall minimum passing level.

Just because you have a criminal record, it does not mean that you will be prevented from receiving your license. It is always best to provide details on your application. If you are unsure, you can always call the commission to clarify what type of convictions are allowed, and which are not.

You are given a total of 3.5 hours for the broker exam. This means you have a total of 210 minutes to complete the real estate license exam.

You are given a total of 4 hours for the managing broker exam. This means you have a total of 240 minutes to complete the real estate license exam.

Yes, Illinois has a specific reciprocity agreement with 8 other states: Colorado, Connecticut, Florida, Georgia, Indiana, Iowa, Nebraska, and Wisconsin. You will still need to take the Illinois Broker Licensing Exam portion through PSI/AMP, but may be exempt from redoing the pre-license education.