Attention, Brokers! Are You Sure You Need to Renew Your License Now?

You may have received a Broker renewal application from the Illinois Department of Financial and Professional Regulation (IDFPR).  DO NOT SEND IN THIS APPLICATION if you are a Broker who plans to transition to the new Managing Broker license.  Managing Brokers do not renew their license until next year (April 30, 2013).  However, your deadline for transitioning to the new Managing Broker license remains April 30, 2012.  Make sure your transition application and fee are postmarked no later than April 30. 

If you are a Broker and do not transition to Managing Broker, you must complete the 12-credit-hour continuing education requirement and submit the renewal application and fee by April 30, 2012. By renewing as a broker, you will also lose your right to manage other licensees or sponsor your own license.

If you are unsure about your remaining requirements, please call the Real Estate Institute. You’ll speak with trained experts who have access to extensive resources.  We’ll review your license status and help you stay on the right track.

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