Illinois Real Estate Market Is On Fire – Get Your Real Estate License Now!

There has never been a better time to get your Illinois real estate license! With COVID-19 inspiring people to re-evaluate what they want in a home, and often this deciding factor was access to a dedicated work from home space – not the couch or the dining room table. With so many folks now working remotely, studios and one-bedrooms in the city quickly lost their appeal. Chicago is experiencing a mass exodus of Chicagoans leaving for the suburbs – heating up the market. The experts at Real Estate Institute are here to support you in answering both the why and the how of becoming a real estate agent in Illinois.

Why now is the best time to get your Illinois real estate license

From the realization that green space, like a yard, was needed for continued sanity to creating makeshift offices for adult children who returned home to endure quarantine – 2020 made folks take a critical look at their current homes. Also, many first time home buyers quickly realized that their initial goal of a one-bedroom condo in a luxe downtown high-rise would not be an ideal home for remote working or quarantine living. Instead, first time buyers turned their sights to the suburbs, where spacious housing is abundant, creating an influx of demand and opportunities for real estate agents.

This increase in opportunities was so significant that “Illinois Realtors” reported an 18% increase in sales when comparing January 2021 vs. January 2020. This is in addition to a 15% increase in the median sales price, and the Illinois real estate market is showing no signs of slowing down.

The demand for homes and real estate professionals is continuing to skyrocket – if you have been considering getting your real estate license, now is the time!

Market security

Not only would you be joining an in-demand workforce, but you would also be joining a secure one. You may remember the 2008 Housing Bubble and feel a distrust of the housing market. However, a key differentiator between then and the current housing boom sweeping Illinois is that the post-covid demand for right-sized homes has created a Seller’s Market – “one in which there are more buyers than homes for sale.”

A seller’s marketing is stable and creates numerous opportunities for those considering a career in real estate. As a licensed Illinois real estate professional you will have unlimited earning potential and a healthy market to excel in. Becoming a real estate agent is an ideal career path for many because it allows you to create your own schedule. This flexible workflow is perfect whether you are juggling the multiple soccer practice schedules of your children or just don’t want to be tied down by a 9-5 lifestyle. You will also gain the freedom that comes with being your own boss – you manage your success!

A part-time career in real estate is also an option for those looking for a new side hustle. Why not help your friends and family while earning a little extra cash? Additionally, if you are planning to personally buy or sell property, allow Real Estate Institute to ensure you are properly representing yourself.

How to get your Illinois real estate license

Are you ready to gain your license and join the 170,000 alumni that trusted Illinois’s premier real estate school, Real Estate Institute, to support them from enrollment all the way through passing their state licensing exams? Whether you are just beginning your journey to becoming a real estate agent or are a tenured professional, Real Estate Institute will provide you with unparalleled and ongoing support.

Education and training are a key portion of gaining your real estate license and the educational requirements vary on which license you pursue. We make it simple to fulfill your pre-license education with real estate license classes that fit your schedule, learning style, and support your career goals. Real Estate Institute offers programs for:

Unsure which license is right for you? Compare Illinois real estate license types here!

The team at Real Estate Institute will help you get started in this next phase of your career. For more information or support from our licensed experts, contact us!

How to Meet the Upcoming Deadline for Illinois Managing Broker License Renewal in 2021

Illinois Managing Brokers – it’s go time. The window is quickly closing to meet the Illinois Department of Financial and Professional Regulation’s (IDFPR) deadline for license renewal applications.

If you have yet to renew your license, do not fret. Real Estate Institute is here to act as a resource to ensure you have completed your proper, and required, education to renew your license. We’ve informed you of what you need to know about Illinois Managing Broker License Renewal in 2021, but let’s review again in light of the April 30th deadline.

Note: if for some reason, you did not receive any communications from IDFPR about this renewal window, please update your contact information with the state to receive future notices. To update or add your email address, click here.

To renew your Illinois Managing Broker License Renewal, you must:

  1. Complete Continuing Education
  2. Submit Your License Renewal Application
  3. Download Your New License

Complete Continuing Education

If you are feeling the pressure of this deadline and having flashbacks to writing a school book report the night before it was due – take a deep breath. The team at Real Estate Institute is here to help.

You must complete: 

  • 12 hours of Core and Elective CE, including:
    • 4-Hour Core
    • 1-Hour Sexual Harassment Prevention Training
  • 12-hour Broker Management CE course (curriculum updated this year)

See, not so bad. With your brains and Real Estate Institute’s support – you can knock those CE courses out in plenty of time.

We do want to remind all Managing Brokers that you can now complete your entire requirement anywhere, at any time with Online Distance Education.

Please remember, if you are a newly licensed Managing Broker renewing for the first time, you may be exempt from Broker Management CE. Our team of professionals is happy to verify your requirement – reach out to us.

Submit Your New License Application

Once you’ve completed your required continuing education, the finish line is in sight. The next step is to renew your license with the IDFPR by application – you are required to pay a $200 renewal fee. Submitting your application can be achieved in one of two ways:

Real Estate Institute strongly recommends that you opt in for online renewal to ensure you meet the deadline. If you choose to renew by mail-in, request proof of delivery to ensure that it reaches the IDFPR by April 30th.

Download Your New License

At this point in your Managing Broker license renewal journey, we hope you breathe a sigh of relief. All that’s left to do is download a copy of your license once IDFPR has processed your application and notified you via email.

Ready to Renew your Managing Brokers License?

You now understand what is required to meet the April 30th deadline – begin your renewal process by visiting the IDFPR website.

How to Get Your Insurance License in Illinois

With our recent winter storms and the property damage that have befallen many Illinois residential and business owners, there’s sure to be an avalanche of insurance claims and inquiries in the coming weeks and months. It’s yet another reminder that insurance will always be necessary and in demand. A new career path in insurance can provide job and financial stability for the people who sell it.

To sell insurance in Illinois, you need to get licensed, which happens at the state level. Although people who sell insurance are sometimes known in casual conversation as “agents,” “brokers” or “salespeople,” they are all known as “producers” for licensing purposes. There are four steps to becoming a licensed insurance producer in Illinois.

Step 1: Meet the Age Requirement

Licensing candidates must be at least 18 years old.

Step 2: Complete Pre-Licensing Education

You must complete 20 hours of pre-licensing education for each major type of insurance that you wish to sell. In general, these types, known as “lines of authority,” are property, casualty, life, and accident/health. The Illinois Insurance Code requires that each 20-hour pre-license course include at least 7.5 hours of in-person (classroom) instruction. However, the governor has issued an Executive Order that allows webinars through March 6, 2021.  The order has a history of being extended on a month-to-month basis.

Real Estate Institute can help you launch a successful career in the insurance industry. Our state-approved property and casualty licensing program is perfect for anyone who is interested in selling homeowners insurance, auto insurance, liability insurance, commercial property insurance and more. 

Step 3: Take State Exam(s)

Licensing candidates must take (and pass) a state insurance licensing exam for each desired line of authority.

Prepare for the state exams with confidence. Our pre-licensing program will help you pass the exams the first time so you can get on with a new career quickly.

Information about the state exam(s), can be found in the Pearson VUE Candidate Handbook & Outline.

Step 4: Apply Online for Your License(s)

After passing the state licensing exam(s), you must wait five days. At that time, you will be able to apply for your license online at www.nipr.com. Directions to help you with the online application process are available from the Illinois Department of Insurance.

Why Become a Property & Casualty Insurance Producer?

  • Enjoy Helping People. You will be a valuable resource by helping clients match their needs to a policy that will protect them from financial loss.
  • Unlimited Earnings Potential. Whether it’s solely commission or a combination of commission and salary, the amount you earn is based typically on how much you sell.
  • Getting Started is Easy. Sign up for our pre-licensing program, pass the state exams and you’re on your way to your new career.

Why not learn about what a career in insurance can offer you? Just think, if you enroll in pre-licensing education now, you can get licensed and begin working in a matter of weeks! Get started today.


For over 25 years, Real Estate institute has been a local leader in insurance continuing education approved by the Illinois Department of Insurance. Thousands of Illinois insurance producers complete webinar, classroom and self-study continuing education courses each year. Due to popular demand, Real Estate Institute now offers
insurance pre-licensing education
 for anyone looking to start or expand their insurance career. Please don’t hesitate to contact us online or at 800-995-1700 with any questions about insurance education and requirements.


What You Need to Know About Illinois Managing Broker License Renewal in 2021

The Illinois Department of Financial and Professional Regulation (IDFPR) recently e-mailed Managing Brokers, announcing that these licensees are officially “In Renewal,” which means the department is now accepting online license renewal applications.

If you didn’t receive this e-mail announcement, you may need to update your contact information with the state to receive future notices. To easily update or add your e-mail address, click here.

Remember, you cannot renew your real estate license until you complete the required education.

Step 1 – Complete Continuing Education
Managing Brokers must complete 24 credit hours of continuing education (CE) consisting of 12 hours of core and elective CE plus the 12-hour Broker Management CE course. The specific CE requirements have changed for the 2021 renewal and include two new required courses: 4-Hour Core and Sexual Harassment Prevention Training.  Additionally, the Broker Management CE curriculum has been updated for 2021. 

Also new for 2021 – Managing Brokers can complete their entire requirement anywhere, at any time with Online Distance Education.

All of Real Estate Institute’s CE courses are compliant with the new requirements. To learn more about the recent education changes, click here

Note: Some newly licensed Managing Brokers renewing for the FIRST time may be exempt from Broker Management CE.  The licensing professionals at Real Estate Institute are happy to verify your requirement. If you are newly licensed, simply reach out.  We’re here to help!

Step 2 – Submit Your New License Application
After you have completed your continuing education requirement, you must renew your license with the IDFPR. There are two ways to renew your license:

  1. Renew Online – The IDFPR permits online license renewal applications to be submitted up to 90 days before the license expires. This option allows you to complete the entire renewal application and pay online. Click here to apply online.
  2. Mail Your Application – The application can be completed online, printed, and mailed with payment. If you use the paper application, we strongly recommend that you send it to the IDFPR via USPS Certified Mail so that you receive confirmation of delivery. Delivery confirmation will be critical in the event of a delay in license renewal. It will likely take the IDFPR several weeks to process your paper application.

Step 3 – Print Your New License
Once the IDFPR has processed your license renewal application, you should receive an e-mail indicating that your new license is available. Upon receiving this e-mail, you may log in and download or print a copy of your license. Note: Managing Brokers are required to carry a printed or electronic copy of their license.


Real Estate Institute has been a leader in real estate education for over 25 years. Our team of compliance experts is standing by to answer your questions about your requirements, our continuing education courses, and the renewal process. Please don’t hesitate to contact us online or at 800-995-1700.

What Illinois Employers Need to Know About Sexual Harassment Training Before the Deadline

woman raised her hand for stopping sexual harassment

The “Me Too” movement has increased awareness against sexual harassment and prompted Illinois to enact sweeping new legislation that promotes safe and inclusive work environments.

What Does This Mean For Employers?

As part of the Workplace Transparency Act (IL SB75 ), the Illinois Department of Human Rights requires all Illinois business with one or more employees to provide Sexual Harassment Prevention training to their workers by December 31, 2020, and every year thereafter. Employers who fail to meet this new requirement will be subject to civil penalties imposed by the Department of Human Rights.

What Is Illinois Sexual Harassment Training?

As an employer in Illinois, you are required to train ALL EMPLOYEES ANNUALLY about the prohibitions against unlawful sexual harassment. Specifically, the mandatory training must include:

  1. the definition of unlawful sexual harassment and examples of the same;
  2. a summary of relevant federal and State statutory provisions concerning sexual harassment, including remedies available to victims of sexual harassment; and
  3. the responsibilities of employers in preventing, investigating, and taking corrective action in response to sexual harassment.

Other Considerations?

Although you already strive to maintain an appropriately professional workplace, we know you don’t always have time to formally document your policies and training in ways that not only protect your team but also manage your liability. With this new requirement in place, it’s more important than ever that your policies and documentation match your intentions! It’s essential to find a training resource to help navigate this new requirement and importantly provide the critical documentation that proves compliance.


Real Estate Institute has been a leader in training and compliance for Illinois professionals since 1992. Prior to this new requirement for all employers, Sexual Harassment Prevention training was already mandated for professionals who are licensed by the Illinois Department of Financial and Professional Regulation (IDFPR). As an IDFPR approved education provider, Real Estate Institute has provided state-compliant Sexual Harassment Prevention training to thousands of busy individuals. Visit us online or call today for more information about how our training options can help you comply with this new requirement.

What’s Changed for Illinois Real Estate Managing Broker Continuing Education?

paper plane leadership concept - red paper plane leading the row

Back in January 2018, changes to the Real Estate License Act became effective, including significant updates to “modernize” education and renewal requirements. While some changes took effect right away, much of the implementation was deferred until 2019, so the IDFPR had time to develop transition plans for these significant changes. Among other things, the IDFPR needed to approve schools and courses that satisfy the new requirements.

Brokers and Residential Leasing Agents were the first to experience the impact of these changes, as they prepared for their 2020 renewal. Managing Brokers are up next, as you complete the education required for your upcoming renewal.

Here’s what you need to know to be successful with your upcoming Managing Broker license renewal. As a reminder, Managing Brokers must complete 24 credit hours of education before renewing.

Core A and Core B Continuing Education Courses Have Been Retired

For the previous renewal, Managing Brokers had to complete 12 hours of Core and Elective CE before renewing their license. That included the following:

  • 3-Hour Core A (Required Subjects)
  • 3-Hour Core B (Legal Subjects)
  • 6-Hour Elective or Core B

Now, all Core A and Core B courses are no longer available. (The course approvals have expired, for all schools). The subjects that were formerly categorized as Core B may still be offered as Electives at a school’s discretion.

You Need to Complete a New “Core” CE Course

The former Core A and Core B requirement has been replaced by a single “Core” curriculum requirement. Managing Brokers must now complete:

  • NEW 4-Hour Core (Subjects required by state law)
  • 8-Hours of Electives

Online Distance Education Is the New Self-Study

As part of the new requirements, Core continuing education courses may only be completed in an interactive format. This includes classes, webinars, and online distance education courses. The good news is that all courses completed in an interactive format do not require a final exam.

Core credit cannot be earned with a self-study course, whether book-based or online (such as PDFs). This means that only Electives may be completed in the traditional self-study format.

Sexual Harassment Prevention Training Is Required

Effective January 1, 2020, every Illinois professional licensed by the IDFPR, including real estate licensees, must complete at least one hour of sexual harassment prevention training before renewing their license. The training must be provided by a division-approved education provider.

All real estate licensees must be sure that their Elective CE hours include sexual harassment prevention training before renewing their license.

Broker Management CE Is Still Required

Managing Brokers must complete 12 credit hours of Broker Management, which may only be completed in an interactive format (live webinar, class, or online distance education). Self-study is not permitted.

More to Come

There are more changes on the horizon. If you need help, Real Estate Institute is available to guide you to a successful license renewal. Here’s another resource that provides a summary of the significant education changes. For future updates, subscribe to the Real Estate Institute blog and you’ll receive an email with the latest posts.


Real Estate Institute has been a leader in real estate education for over 25 years. Our team of experts is standing by to answer questions about your requirements, our continuing education courses and the renewal process. Please don’t hesitate to contact us online or at 800-995-1700.

 

Last-Minute Tips for Brokers and Leasing Agents to Beat the September 30 Renewal Deadline

Deadline Clock

In response to the COVID-19 pandemic, the Illinois Department of Financial and Professional Regulation (IDFPR) previously announced that all professional licenses with expirations between March 30, 2020 and July 31, 2020 were extended through September 30, 2020. As a result, the deadline to complete post-license and/or continuing education was also extended through September 30, 2020. For real estate licensees, this change impacts Brokers (formerly 4/30/2020) and Residential Leasing Agents (formerly 7/31/2020).

The license renewal deadline for Brokers and Residential Leasing Agents is only weeks away. For those who have yet to renew their licenses, this can cause panic. But it doesn’t have to.

Follow the steps below to maintain your license. Each step offers tips on the fastest way to stay compliant (so you can keep working).

Complete Your Education

Brokers and Residential Leasing Agents in Illinois are required to complete education before renewing their license. The type and amount of education depends on when your license was issued. Find out the original issue date of your license using the IDFPR license lookup.

  • Brokers whose licenses were issued before 2/1/2018 require 12 hours of core/elective continuing education (CE). The specific CE requirements have changed for the 2020 renewal and include two new required courses: 4-Hour Core and Sexual Harassment Prevention training. All of Real Estate Institute’s CE courses are compliant with new education requirements. While live classes are permitted and remain available, online distance education is the fastest and most flexible option.
  • Brokers whose licenses were issued from 2/1/2018 – 11/1/2019 are renewing for the first time and must complete a Broker Post-License program (instead of continuing education).
  • Brokers whose licenses were issued after 11/1/2019 were issued licenses that expire on April 30, 2022. While renewal is not required at this time, there are compelling reasons to complete a 45-hour Broker Post-License program sooner, rather than later, including increased supervision requirements until post-license is completed.
  • Residential Leasing Agents whose licenses were issued before 5/1/2018 require 6 hours of core continuing education (CE). Those licensed after 5/1/2018 are exempt from CE because this is their first renewal.

Renew Your License

Most Brokers and Residential Leasing Agents know that they must pay the renewal fee to the IDFPR but are unsure of the exact process. Read the following for specific details about the renewal process:

  • After completing your required education, you may renew the license. The IDFPR license renewal fee is $150 for Brokers and $100 for Residential Leasing Agents for the two-year period.
    (Tip: This close to the deadline, it is important to find an education provider that will quickly issue your certificate of completion.)
  • The IDFPR strongly encourages Brokers to renew online. You may have received a PIN via e-mail from the IDFPR.
    (Tip: It’s not needed to renew. The license number, plus one of the following is needed to renew: Social Security number, date of birth or the IDFPR-issued PIN. A paper-based renewal form is also available to print with this information.)
  • Licensees who completed a change of sponsor or updated any of their personal contact information after 2/1/2020 may not be able to renew online. If you are unable to renew online, you will need to print a paper renewal form and mail it in with your payment. Mailed renewal forms must be received prior to the renewal deadline to be considered on-time.
  • Reminder: Renewing a license without completing the required education will likely lead to penalties or fees. Make sure your education is complete prior to submitting your renewal.
  • You can begin the renewal process by visiting the IDFPR website.

Real Estate Institute has been a leader in real estate education for over 25 years. Our team of experts is standing by to answer your questions about your requirements, our courses and the renewal process. Please don’t hesitate to contact us at 800-995-1700.

 

Why It’s Important for Newly Licensed Brokers to Tackle 45-Hour Post-License Education NOW

Two hands in chains

Even with our normal lives on hold, there’s still license renewal education to be tackled by many.

The amended Real Estate License Act includes a new 45-hour Post-License education requirement for new Illinois real estate Brokers (licensed after August 8, 2019). After the state’s announcement of this new requirement, new Brokers were in a holding pattern until the curriculum was released by the Division of Real Estate. (If you find yourself craving more details—the kind of stuff schools like us love—you can read the 45-hour curriculum notice from the IDFPR.) Then, it was a waiting game until March 1, when the department began licensing courses. Fast forward to the end of March, and now Real Estate Institute is among the first education providers with approved courses.

This may lead Brokers to wonder whether they should complete the education now or wait until sometime closer to their renewal deadline.

Requirements for Brokers Licensed on or after Aug. 9, 2019

45 credit hours of Post-License education, consisting of three 15-credit-hour courses:
    • Applied Brokerage Principles – 15 credit hours
    • Risk Management & Discipline – 15 credit hours
    • Transactional Issues – 15 credit hours

Brokers must complete at least 1 hour of Sexual Harassment Prevention training before renewing their licenses, which is included in the Risk Management & Discipline course.

Each course requires its own 50-question final exam, which must be administered by the education provider delivering the course. (No exam exemptions for live training or online distance education.)

License Renewal Deadline for Brokers Licensed BETWEEN Aug. 9, 2019 – Nov. 1, 2019

To remain active, Brokers must normally complete their required education and renew their licenses before expiration (by April 30 of even-numbered years). However, Brokers have an extended license renewal deadline of September 30, 2020, which is part of IDFPR’s response to the COVID-19 pandemic. The entire 45-hour Post-License education program must be completed prior to the extended renewal date for this group of Brokers.

What Happens if You Wait to Complete 45-Hour Post-License Education?

Whether your license renewal deadline is in 2020 or later, Illinois license law requires new Brokers to have additional supervision until they complete their 45 hours of Post-License education. Until Post-License is complete, a licensee’s Designated Managing Broker must:

  • Directly handle all earnest money
  • Directly handle contract negotiations
  • Approve all advertisements involving the newly licensed Broker

The additional oversight on newly licensed Brokers’ business activities could slow things down when we shift into our new normal, which will presumably include an upswing in real estate transactions during the spring and summer months. Completing this education now while there may be a lull in business could put new Brokers on better footing once the market picks up.

Now is the time for learning that allows you to chip away as time permits (like when your kids are e-learning or when you’re considering deep cleaning your refrigerator and need a reason to procrastinate). You’ll be able to break free from these restrictions once you’ve satisfied this education requirement.

Real Estate Institute is pleased to offer ALL ONLINE 45-hour Post-License education so Brokers can work from the comfort and safety of their homes, anytime! Easy financing is also available if you’re feeling the economic crunch.

Be well. Be safe. Be productive!


Real Estate Institute has been a leader in real estate education for over 25 years. Our team of experts is standing by to answer your questions about your requirements, our continuing education or post-license courses and the renewal process. Please don’t hesitate to contact us online or at 800-995-1700.

Are COVID-19 Losses Covered by Insurance?

Coronavirus surgical mask doctor wearing face protective mask against corona virus banner panoramic medical professional preventive gear.

Along with the obvious public health concerns, the COVID-19 pandemic raises several questions about insurance. Will my health insurer cover testing? Can my business make a claim for lost income?

Although the answers from carriers, regulators and courts might change as the situation evolves, here’s how some of the most common insurance products are expected to respond to coronavirus-related losses.

Health Insurance

Federal and state governments will pay for lab tests associated with COVID-19. However, hospitals might charge their own fees for collecting specimens and can pass those expenses along to consumers. For health plans regulated by the Illinois Department of Insurance, emergency care from an out-of-network provider (including ambulatory services and hospital care) must be billed as if it were from an in-network provider. Similarly, patients at an in-network facility who are treated by an out-of-network provider can’t be charged higher copayments (assuming no qualified in-network provider is available at the facility). In an effort to promote social distancing, telehealth services from medical providers must be covered as if they were part of an in-office visit.

Life Insurance

Purchasers of life insurance may have been asked to disclose recent travel to other countries. If a consumer misrepresented this information on an application and contracted a terminal case of COVID-19 while in a high-risk area, the insurer might be able to deny death benefits. Otherwise, life insurance policies generally don’t have exclusions that would pertain to the present crisis. Policies with a cash-value component might decrease in value due to the pandemic’s impact on the economy but are usually subject to a minimum guarantee.

Workers Compensation

Workers compensation insurance pays for medical care and a portion of lost wages when an employee becomes injured or ill as a result of his or her job duties. Although eligibility differs by state, compensation for illnesses generally only applies when job duties or work environments made employees significantly more susceptible to illness than the general population. Historically, for example, ill workers have received benefits after being exposed to hazardous chemicals but not when catching the flu from a co-worker. Whereas most workers are unlikely to qualify for workers compensation due to COVID-19, hospital workers (and perhaps grocery store employees) might qualify due to their elevated exposure. Time will tell.

Commercial General Liability Insurance

This insurance is intended to respond when a member of the public is harmed by a business’s work or by unsafe conditions at an insured location. Although some coverage might exist if a customer were to contract the virus from someone at a business, it’s possible that the insurance would only respond in cases of negligence (such as a business continuing to remain open to the public after being ordered to close). Although some policies might provide benefits regardless of fault, those amounts are generally limited to no more than a few thousand dollars.

Business Interruption Insurance

This insurance compensates businesses for lost income and extra expenses when they’re forced to shut down through no fault of their own (including by emergency order of the government). Unfortunately for policyholders, coverage is typically dependent on “direct physical loss” or damage to property, such as a fire at either the insured’s business or a neighboring building. Interruptions that result in lost income but aren’t caused by a “direct physical loss” or property damage are generally excluded. Although COVID-19-related lawsuits have already been filed against insurers based on this language, carriers might still be able to deny claims based on other parts of the policy. For example, since the early 2000s, most business interruption policies specifically exempt losses due to viruses and bacteria.

As in all cases regarding claims, policy language can differ from product to product and carrier to carrier. Insurance professionals should carefully read the applicable coverage forms before advising the public about a specific loss.


Real Estate institute offers insurance continuing education approved by the Illinois Department of Insurance. Thousands of Illinois insurance producers complete our webinar, classroom and self-study continuing education courses each year. 

What You Need to Know About Illinois Broker License Renewal in 2020

junge Frau beobachtetThe Illinois Department of Financial and Professional Regulation (IDFPR) recently e-mailed Brokers, announcing that these licensees are officially “In Renewal,” which means the department is now accepting online license renewal applications.

If you didn’t receive this e-mail announcement, you may need to update your contact information with the state to receive future notices. To easily update or add your e-mail address, click here.

Remember, you cannot renew your real estate license until you complete required education.

Step 1 – Complete Continuing Education or Post-License

Brokers licensed before February 1, 2018 must complete 12 hours of core/elective continuing education (CE). The specific CE requirements have changed for the 2020 renewal and include two new required courses: 4-Hour Core and Sexual Harassment Prevention training. All Real Estate Institute’s CE courses are compliant with new requirements. To learn more about the recent education changes.

Brokers licensed from February 1, 2018 through November 1, 2019 are renewing for the first time and must complete a Broker Post-License program (instead of continuing education).

Brokers licensed after November 1, 2019 were issued licenses that expire on April 30, 2022 – so no action is required at this time. However, there are compelling reasons to complete a Broker Post-License program sooner, rather than later. Call us to learn more!

No matter when you were licensed, it’s important to retain documentation of your course completions. When licensees complete courses with Real Estate Institute, we promptly report their completions to the IDFPR.

Step 2 – Submit Your New License Application

After you have completed your CE or Post-License education requirement, you must renew your license with the IDFPR. There are two ways to renew your license:

  1. Renew Online – The IDFPR permits online license renewal applications to be submitted up to 90 days before the license expires. This option allows you to complete the entire renewal application and pay online. Click here to apply online.
  2. Mail Your Application – The application can be completed online, printed and mailed with payment. If you use the paper application, we strongly recommend that you send it to the IDFPR via USPS Certified Mail so that you receive confirmation of delivery. Delivery confirmation will be critical in the event of a delay in license renewal. It will likely take the IDFPR several weeks to process your paper application.

Step 3 – Print Your New License

Once the IDFPR has processed your license renewal application, you should receive an e-mail indicating that your new license is available. Upon receiving this e-mail, you may log in and download or print a copy of your license. Note: Brokers are required to carry a printed or electronic copy of their license.


Real Estate Institute has been a leader in real estate education for over 25 years. Our team of compliance experts is standing by to answer your questions about your requirements, our continuing education or post-license courses and the renewal process. Please don’t hesitate to contact us online or at 800-995-1700.