Requirements To Become A Real Estate Agent In Illinois
Real estate agents help people buy, sell, and rent properties. If you want to become a real estate agent in Illinois, there are several requirements you need to meet. In this article, we will discuss the necessary steps to become a licensed real estate agent in Illinois.
Get Educated
The first step to becoming a real estate agent in Illinois is to complete the required education. You need to complete 90 hours of pre-license education from an approved provider. This education covers topics such as real estate law, principles, practices, and math. You can take these courses online or in-person.
Pass The Real Estate Exam
After completing the required education, you need to pass the real estate exam. The exam consists of two parts: the national portion and the state portion. The national portion covers general real estate principles, while the state portion covers Illinois-specific real estate laws and regulations. You need to score at least 75% on each portion to pass.
Find A Brokerage
Once you pass the exam, you need to find a brokerage to work for. A brokerage is a company that employs real estate agents. You cannot work as a real estate agent in Illinois without being affiliated with a brokerage. You can find a brokerage by searching online or asking for recommendations from other real estate agents.
Complete Post-License Education
After finding a brokerage, you need to complete 45 hours of post-license education within your first year of licensure. This education covers topics such as agency relationships, contracts, and professional standards.
Get Fingerprinted
As part of the licensing process, you need to get fingerprinted for a background check. You can get fingerprinted at a designated location or through a mobile fingerprinting service.
Apply For A License
After completing all the requirements, you can apply for your real estate license. You need to submit an application, pay a fee, and provide proof of education and fingerprinting. The Illinois Department of Financial and Professional Regulation (IDFPR) will review your application and issue your license if everything is in order.
Maintain Your License
Once you have your license, you need to renew it every two years. To renew your license, you need to complete continuing education and pay a fee. You also need to follow the rules and regulations set by the IDFPR to maintain your license.
Conclusion
Becoming a real estate agent in Illinois requires completing education, passing an exam, finding a brokerage, completing post-license education, getting fingerprinted, and applying for a license. Once you have your license, you need to maintain it by renewing it every two years and following the rules and regulations set by the IDFPR. By following these steps, you can become a licensed real estate agent in Illinois and start helping people buy, sell, and rent properties.