What You Need to Know About Illinois Broker License Renewal in 2018

Alarm Clock_Apr 30_1 Text Line_No BkgThe Illinois Department of Financial and Professional Regulation (IDFPR) recently e-mailed Brokers, announcing that they are officially “In Renewal.” The department is now accepting online license renewal applications.

If you didn’t receive this 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 your required education is complete. It’s important that you follow these instructions for a timely renewal.

Step 1 – Complete Continuing Education or Post-License

Illinois real estate Brokers need 12 hours of core/elective continuing education (CE) every renewal period, EXCEPT Brokers who are in their first renewal period. Brokers in their first renewal period are required to complete a 30-hour Broker Post-License program. (If you were licensed on or after February 1, 2016, you must complete Post-License.)

The current Broker renewal period began May 1, 2016, and ends April 30, 2018. If you complete CE or Post-License education with Real Estate Institute, our school reports your course completion directly to the IDFPR.

Step 2 – Submit Your New License Application

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

  1. Apply 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 application.

If you have questions about your education requirements for renewal, online resources are available: Continuing Education FAQs and Post-License FAQs. More information can also be found at InstituteOnline.com/NextSteps.

Real Estate Institute has been the local leader in Illinois real estate education for over 25 years. More Brokers choose Real Estate Institute than any other provider for their required license renewal education every season. 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.

Are Final Exams Required for Real Estate License Renewal?

Empty_chairsOn January 1, 2018, amendments to the Illinois Real Estate License Act took effect. While most of the changes are subtle, there is already an impact for Illinois Real Estate Brokers. Over the past few weeks, our customer service team has been getting lots of questions about the changes. Here is the key question and answer…

Do the license law changes impact your 2018 Broker license renewal?

Yes, but not in a significant way.

Although the amended license law makes some changes to curriculum and the way courses can be offered, most of the impact of those changes won’t be felt until the next license renewal period. That’s because there’s another step in the process. The state must first establish administrative rules that implement many of the changes.

Even so, the Illinois Department of Financial and Professional Education (IDFPR) recently indicated that some aspects of the amended license law are very clear and may be implemented in advance of the rulemaking process. This has led to some confusion among licensees.

Impact on Broker Continuing Education

As a reminder, most Illinois Brokers must complete 12 hours of continuing education before renewing their licenses. The IDFPR understands that with the Brokers’ two-year license renewal period nearly complete, it would be unfair to make changes that significantly change the CE requirements before the April 30, 2018, deadline.

That means you can stick with the tried-and-true way you’ve completed CE for previous renewal seasons. No need to change it up unless you really want to. For most licensees, that takes the form of a simple self-study program.

In addition to self-study programs, licensees sometimes attend classes or webinars to earn CE credit. You may be pleased to learn that if you attend a live, interactive CE course via classroom or webinar, you are no longer required to complete a final exam for that course. Keep in mind that you must attend the entire course. (Attending review classes for self-study CE courses is not permitted.)

Attending 12 hours (at least two days) of live training is not for everyone, and you may be looking for another way to avoid a self-study course with a final exam. If you’re feeling a little adventurous and willing to try something new, Online Distance Education may interest you. This new interactive course delivery method just became available under the amended license law. Online Distance Education is a modern approach to self-study that has some pros and cons, depending on your perspective:

No one relishes the idea of taking a test. It’s important to know that although a final exam is not required with Online Distance Education courses, there must be interactivity, which includes quizzes/knowledge checks along the way to make sure you’ve gone through the entire course.

Impact on Broker Post-License Education

Brokers whose licenses were issued after February 1, 2016, will be renewing their licenses for the very first time. This group of licensees is required to complete a 30-hour Post-License Education program in lieu of continuing education for their first renewal. This program consists of two courses:

  • 15-Hour Broker Post-License Topics
  • 15-Hour Broker Post-License Applied Real Estate Practices (Interactive)

If you’re among those who need to complete post-license education by April 30, you’ll be happy to know that the “Applied” course, which requires interactive delivery, no longer requires a final exam! This means that a final exam will only be required for the “Topics” course and only when completed in a self-study format.

While it may be possible to attend the “Topics” course in a class or webinar format, our student feedback indicates that independent study is strongly preferred. Attending an extra two days of classes/webinars is challenging for anyone, especially new brokers trying to build their businesses. Until now, that left only a self-study course option, which includes a final exam. (Although nobody looks forward to a final exam, the 25-question exam is based on the school’s course and is really no big deal… and there is no state license exam to follow.)

As mentioned above, the new course delivery method, Online Distance Education, lets Brokers avoid a course final exam without any extra class or webinar attendance. This format is a great fit for students who are open to online courses.

For most students, completing the “Topics” course via Online Distance Education and the “Applied” course via webinar will be the winning combination. “Applied” webinars reinforce the concepts learned in the “Topics” course by providing live interaction and feedback from expert educators. This makes it possible for post-license students to complete all their coursework online, choosing their own schedule, without any final exams!

In summary, the course format you choose will determine whether a final exam is required.

Real Estate Institute has been a leader in real estate education for 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.

Should a Career in Real Estate Be Your New Year’s Resolution?

key-2323278_1920No time like the present!

New year, new you!

2018 will be the year I…

When the calendar turns the page from one year to the next, it’s human nature to sit back and contemplate what the previous year’s experiences taught us. Self-reflections may include questions like:

Did I do what I set out to do last year?
Am I happy with the choices I made?

Sometimes we know we are just where we’re supposed to be. Other times, we know we’re on the right path but not quite there yet. A new year offers us not only the opportunity to assess the previous year but also the chance to look ahead toward great possibilities. For many of us, it means a clean slate. We leave behind the things that aren’t bringing out our best, and we grow excited as we seek other avenues where we can develop our talents.

Here at Real Estate Institute, we’re fortunate to experience the excitement and eagerness of these seekers every single day. Something finally clicks in their minds and, before you know it, we have a new classroom filled with real estate pre-license students, eager to learn and excited to begin the process of exploring a new career path. They’re taking a first step that can lead to…

happiness, self-direction, the possibility of unlimited income,
helping others fulfill their dreams, loving what they do, freedom…

Happiness means something different for everyone. Only you can determine what it means for you. What we know for sure is that the opportunities you will find at the end of your broker pre-license course are endless and only limited by your own imagination. How much can you imagine?

Why not learn about what a career in real estate can offer you? Just think, if you start your broker pre-license education now, you can get licensed and start working for a real estate company just in time for the upcoming spring market.

We welcome the opportunity to discuss how you can begin to make your dreams a reality. You can learn more about Illinois real estate pre-license programs by attending one of our upcoming free real estate information sessions or by visiting us at InstituteOnline.com.

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

IDFPR Introduces Online Licensing for Real Estate

Streamlining New License Application Processing

Over the past two years, the Illinois Department of Financial and Professional Regulation (IDFPR) has moved to implement more efficient processes that streamline the ways we interact with government.

This month, the Real Estate Division took a big step forward with the introduction of an online licensing process for new license applicants. Initially, this feature is being offered to Brokers and other individuals who have recently passed a state licensing examination.

What License Applicants Should Know

Up until now, individuals who passed the state license examination (currently administered by PSI/AMP) were required to complete and submit paperwork that is provided to them immediately after their examination. Because Illinois Real Estate Brokers are required to be sponsored by a Managing Broker, they must identify which person or company will sponsor their license. A license cannot be issued without a sponsoring broker.

While the paper-based process is still available (for now), information about successful exam completions is now being transmitted from PSI/AMP to the IDFPR. Upon receipt and processing, the IDFPR will send the individual an e-mail that invites them to apply online for their new license. The online application process eliminates the need to submit paperwork and payments by mail.

Applicants who take advantage of the new online portal will enter all required information electronically, including attachment of required documents and payment – by credit card or electronic check. Importantly, the applicant will be required to identify the sponsoring/managing broker with whom they seek to affiliate. Once submitted, the applicant will be able to monitor the status of their application. Upon approval by the IDFPR and sponsoring broker, the applicant will receive an e-mail notification that their new license has been issued.

What Sponsoring and Managing Brokers Need to Know (and Do)

This new process impacts two major areas for sponsoring brokers:

  1. 45-day permit sponsor cards
    With the traditional paper application process, there was a long delay that resulted from mailing, check processing, and application review. The 45-day permit helped to eliminate bottlenecks and enabled new licensees to get to work quickly. With the introduction of online licensing, most of these bottlenecks have been eliminated, which means that new license applications can be approved in just a few days. As such, there is no longer a need for sponsors to issue a 45-day permit.

  2. Online approval (or rejection) of sponsorship requests from licensees
    As new license applicants submit their online application, they will be required to choose their sponsoring/managing broker. (The IDFPR website will provide a list they may search/choose from.) As part of the application approval process, an e-mail will be sent to the sponsoring/managing broker with a notification that directs them to log in and approve or reject the applicant’s request. Therefore, it’s critical that sponsoring licensees have a valid e-mail address on-file with the IDFPR and monitor their inbox for these important messages. (Messages will be sent by FPR.Notice@Illinois.gov)

What’s Next?

Development of the online licensing portal is ongoing and soon, an online application process will be available to real estate business license applicants (Corporations, Partnerships, and LLCs). Sometime later, sponsoring and sponsored licensees will be able to request and approve sponsorship changes through an online process.

Real Estate Institute has been a top real estate education provider in Illinois for 25 years. Our students have consistently outperformed other state exam candidates. A reputation for highly-rated instructors and superior customer service explains why we have over 150,000 alumni nationwide.

New Brokers’ Quick Guide to the First Real Estate License Renewal

We always advise Broker Pre-License students about their Post-License Education and Continuing Education (CE) requirements, once they successfully pass our school final exam and the state licensing exam. But during all the terminology, laws and rules that they are studying and learning, the nuances of required education and license renewal can be easily forgotten. Here is a quick guide to help new Brokers navigate and understand what is required.

Education Overview

All Real Estate Brokers licensed by the Illinois Department of Financial and Professional Regulation (IDFPR) are required to complete education during each two-year license renewal period (by April 30 in even numbered years). As a follow up to their pre-license education, newly licensed Brokers are required to take a 30-hour Post-License Education program during their first renewal. All subsequent renewals require a 12- hour Continuing Education program. In a previous blog, we discussed changes to the license law and how it will impact Brokers.

What does the law say about Brokers and their first license renewal period?

Brokers are required to complete 30 hours of post-license education, including a school-administered examination for the course, prior to their first renewal of that license. This course must address the practical application of pre-license topics to the practice of real estate as set forth in law. Furthermore, Brokers completing the 30-hour Post-License program during their first renewal period shall not be required to complete any continuing education during that renewal period. The 30-hour Post-License requirement must be completed within the two years immediately prior to the Broker’s first renewal.

How does this affect you?

  • If you received your first Broker’s license between February 1, 2016 and January 31, 2018, you will need to complete a 30-hour Post-License program by the April 30, 2018 renewal deadline.
  • If you will be issued your first license after February 1, 2018, you do not need to take the 30-hour Post-License program this renewal period. You will need post-license education by April 30, 2020.

What should you do?

First, determine when your license was issued by the IDFPR. You can call us – we are happy to provide you with this information. Or you can find your license issue date on the IDFPR website. If you are uncertain about education requirements and how they pertain to you, call an IDFPR-approved pre-license and continuing education provider for more information.

Real Estate Institute has been a leader in real estate education for 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.

The One Resource Your Real Estate Brokerage Might Be Missing

Hands_Holding_String_of_LightsBookkeeping, recruiting, marketing, budgeting … the list of demands on a managing broker or office manager is long and varied.  From budgeting software to interior design, real estate brokerages rely on tools, resources, and consultants to get the job done efficiently and effectively.  While it may or may not be immediately apparent, a relationship with an IDFPR-approved real estate school can go a long way to help with compliance and recruiting.  When selecting a school to support your office success, make sure it has the following resources.

  • Customer Service Team – You need a school with a team of individuals dedicated to helping your agents.  A good customer service team is not only knowledgeable about the school’s courses, but can answer questions about initial licensing and the licensing renewal processes.   
  • Designated Contact – Sometimes, managing brokers and managers have questions or concerns with company compliance.  Organizing continuing education for the office or questions about the licensing process during an acquisition, for example, are very common issues that a school can assist with.  Having a designated contact who can help you address these issues can be an invaluable resource during stressful times.
  • Helpful Resources – Understanding the needs of a real estate business should be important to the school.  Tools to help you recruit new agents and maintain the ones you have should be available from the school you choose.

If you have any questions about how Real Estate Institute can help, visit our Contact Us page or call Tanya Rinsky, Director of Strategic Client Relationships, at (847) 423-5006.

Will License Law Changes Impact Illinois Real Estate Brokers?

springfield-1648402_1920There are major changes on the horizon that will impact Illinois real estate licensees and education required for license renewals.

License Law Amendment

On Friday, August 18, 2017, Gov. Bruce Rauner signed HB3528 into law. This updates the Real Estate License Act with changes intended to streamline and modernize various aspects of the law. Some highlighted changes include a restructuring of the Education Advisory Council (EAC), new requirements for school and instructor licensing and requirements for education program content and methods of delivery.

Upcoming Broker License Renewal

With a Real Estate Broker license renewal quickly approaching, we should first take a closer look at how the license law amendments impact (or may not impact) this large group of licensees.

In summary, continuing education requirements will be updated as follows:

  1. The mandatory 3-hour “Core A” curriculum will be replaced by a 4-hour “Core” course. Brokers and Managing Brokers will be required to attend this course via classroom, live webinar or online distance education (a new option for which details are not yet available). The good news – a final exam will not be required!
  2. The remaining 8 hours will continue to be elective credits. A variety of delivery options will be available. Delivery methods with mandatory final exams will require a passing score of 75%. (Currently, a passing score of only 70% is required.)

How Soon?

The Illinois Department of Financial and Professional Regulation (IDFPR) still has many details to sort out before any changes to license law can be implemented. For example, the new “Core” curriculum needs to be clearly outlined before schools can create, seek approval and offer the new course. It will take the Real Estate Division many months to complete the rulemaking process, which won’t officially begin until January 1, 2018.

This means that most likely the full impact of these changes will not impact Brokers during their current renewal period.

What Should You Do?

We strongly recommend that Brokers stay on track and complete currently approved programs in a timely manner.

Real Estate Institute will continue to provide updates as the IDFPR develops implementation plans for the changes. Be sure to JOIN OUR MAILING LIST if you have not done so already.

2017 Illinois Managing Broker License Renewal in Two Simple Steps

The Illinois Department of Financial and Professional Regulation (IDFPR) is now accepting Managing Broker license renewal applications. Follow these instructions for a timely renewal:

Step 1 – Complete 24 Credit Hours of Continuing Education

Illinois real estate Managing Brokers need a total of 24 hours of continuing education (CE) which includes:
12 hours of core and elective CE 
(via self-study, online or classes) plus 12 hours of interactive Broker Management CE (via classes or live webinars).

The current Managing Broker renewal period began May 1, 2015, and ends April 30, 2017. If you complete continuing education courses with Real Estate Institute, our school reports your course completions to the IDFPR.


  • New Licensees: Managing Brokers who are in their first renewal period might not need 24 hours of CE in 2017. Licensees who completed the Managing Broker pre-license courses during the renewal period are exempt from the Broker Management CE requirement. These licensees are required to complete only 12 hours of core and elective continuing education.
  • Attorneys: Currently licensed Illinois attorneys are exempt from the education requirements! Don’t forget to submit your license renewal application. See below.

Step 2 – Submit Your New License Application

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

  1. Apply 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 IDFPR no longer mails licensees a pre-printed renewal application. However, you can print the form online. Select Print Renewal and enter the requested information. This application can be completed and returned 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 to the IDFPR. Delivery confirmation will be critical in the event of a delay in license renewal. It will take the IDFPR several weeks to process your application.

If you have questions about your education requirements for renewal, please call 800-995-1700 to speak to one of Real Estate Institute’s compliance experts. More information can also be found at InstituteOnline.com/Renew.

Illinois Doubles “Credit Reporting Fee” for Insurance CE Hours

Up-Arrow-BlueEffective March 2, the state-mandated fee for reporting Illinois insurance continuing education credit hours to the appropriate licensing authorities has increased from 50 cents per hour to $1 per hour. The fee is intended, in part, to fund online licensing services available through the National Association of Insurance Commissioners’ “State Based Systems” website, www.statebasedsystems.com. Producers can use the site to review their licensing information, monitor their remaining CE requirements, find approved education providers and more.

Real Estate institute offers insurance education approved by the Illinois Department of Insurance. Thousands of Illinois insurance producers complete our classroom and self-study continuing education courses each year. All state-mandated fees are required upon enrollment. State fees are subject to change without notice. We encourage students to complete courses promptly to avoid further fee increases.

NMLS Reminders for a Successful CE Season

Red bow on finger

According to the NMLS, the number-one question they receive from Mortgage Loan Originators is, “Do I need to do CE?” If you’re not sure, you should log into NMLS to review your education requirements. Your Course Completion Record will indicate whether you still need to earn Continuing Education this year. The NMLS has prepared a quick guide to help you navigate your record.

The NMLS also reminds MLOs that:

  • You may not complete the same CE course as last year.
  • Pre-license education courses do not count toward CE. However, MLOs do not need to take continuing education in the same calendar year in which they took an NMLS-approved 20-hour pre-license course.
  • Nearly half of all state agencies have a state-specific CE requirement. See the
    NMLS 2016 State-Specific Education Requirements Chart for the number of hours and other requirements.

  • Several state agencies have early CE or renewal deadlines. Check the state-specific education requirements chart for details.

Real Estate Institute offers top-rated 2016 CE courses in all three formats: Classroom, Live Webinar and Online, Self-Study. Try our courses and find out what it’s like to take CE that’s relevant and interesting.