The final rules implementing the Illinois license law transition requirements allow an ALL self-study format for transition education programs. (Originally, a 15-hour live/interactive class component was required.) Under these rules that are in effect, agents can now study and test at a time and place convenient for them.
This change to the transition rules provides a tremendous benefit to licensees. By completing this new transition education program, salespersons transitioning to the broker license only require ONE-STEP! The 30-hour self-study program satisfies the transition requirements and EXEMPTS licensees from having to complete continuing education for their first renewal.
There’s good news for brokers transitioning to the managing broker license too. By completing the 45-hour self-study program, which satisfies their transition education requirements, they are EXEMPT from having to complete a live/interactive Broker Management Continuing Education class for their first renewal. If you have taken BMCE in the past, you know that an exemption from this program offers a huge time and cost savings.
Real Estate Institute Leads the Way … AGAIN!
Real Estate Institute immediately responded to the IDFPR’s announcement as the first approved school to offer the new transition courses. According to Alan Toban, Director at the Real Estate Institute, “I firmly believe that there is no question about how to transition now. Taking a high-stakes, one-attempt exam adds unnecessary stress to the already stressful and confusing real estate changes. Over the years, we’ve found self-study to be the most desired and popular option for our students. We’re strongly recommending this new transition solution to all licensees.”
Apparently Alan’s recommendation is working. Most offices and individual licensees that were originally enrolled to take the proficiency exam have switched to the preferred transition education program instead.