Requirements To Be A Real Estate Agent In Illinois
Introduction
If you are interested in becoming a real estate agent in Illinois, there are certain requirements that you need to fulfill. A real estate agent is a licensed professional who helps clients buy and sell properties. In Illinois, the real estate industry is regulated by the Illinois Department of Financial and Professional Regulation (IDFPR).
Age Requirement
The first requirement to become a real estate agent in Illinois is that you must be at least 21 years of age. This is a legal requirement and is necessary to obtain a real estate license.
Education Requirement
You must complete 90 hours of pre-licensing education from an approved provider. The courses must cover topics such as real estate principles, real estate law, and real estate practices. You must pass an exam at the end of the course to qualify for a real estate license.
Background Check
You must undergo a background check conducted by the IDFPR. This is to ensure that you do not have a criminal history that would prevent you from obtaining a real estate license.
License Exam
You must pass a state licensing exam that covers topics such as real estate law, real estate principles, and real estate practices. The exam is administered by the IDFPR and consists of two parts: a national portion and a state-specific portion.
Continuing Education
Once you obtain your real estate license, you must complete continuing education courses to keep your license active. In Illinois, you must complete 12 hours of continuing education every two years.
Broker's License
If you want to become a managing broker or run your own real estate brokerage, you must obtain a broker's license. To qualify for a broker's license, you must have at least two years of experience as a licensed real estate agent and complete additional education requirements.
Conclusion
Becoming a real estate agent in Illinois requires you to meet certain requirements. You must be at least 21 years of age, complete pre-licensing education, pass a licensing exam, undergo a background check, and complete continuing education to maintain your license. If you want to become a managing broker or run your own brokerage, you must obtain a broker's license.