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.

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.

IDFPR Announces Broker 45-Hour Post-License Requirements and Curriculum

House model on wood table. Real estate agent offer house, property insurance and security, affordable housing concepts

The Real Estate License Act was recently amended, and newly licensed brokers have different education requirements, depending on the date of license issuance. Yesterday the IDFPR Division of Real Estate announced details about the new 45-hour Post-License curriculum that will enable schools to begin developing courses to satisfy the requirement.

Requirements for Brokers Licensed BETWEEN Aug. 9, 2019 – Nov. 1, 2019

  • 45 credit hours Post-License education, consisting of three 15-credit-hour courses:
    • 15 hours of Applied Brokerage Principles
    • 15 hours of Risk Management/Discipline
    • 15 hours of Transactional Issues
  • Brokers must complete at least 1 hour of Sexual Harassment Prevention training before renewing their licenses, which will be included in one of the above courses.
  • 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

  • To remain active, Brokers must renew their license before expiration (by April 30, 2020).
  • Due to delays in the 45-hour curriculum announcement, the IDFPR may grant an extension until November 1, 2020 to complete the Post-License education requirement. They will continue to evaluate whether this is necessary, based on the actual availability of these courses. For now, Brokers should plan to complete their post-license requirement as soon as courses become available.
  • There is no extension for the 1-hour Sexual Harassment Prevention training. This portion of the education requirement must be completed for the April 30, 2020 license renewal deadline.

Course Availability

The announcement indicates that the department will begin licensing courses on March 1, 2020.  With the course requirements only published yesterday, it will take education providers time to review, plan, create and receive state approval for all three new 15-hour courses. Therefore, it’s unlikely that education providers will be able to create quality courses and acquire the required approvals so quickly.

Real Estate Institute has been offering an opportunity for brokers to pre-register for the 45-Hour Post-License program at a discounted price. This will give these students immediate access to the program once it is approved by the IDFPR.


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.

CE Survival Guide – Major Changes to Illinois Real Estate Continuing Education

Life belt in the air

July 1, 2019 is an important day for Illinois real estate licensees.

Starting July 1, Brokers, Managing Brokers and Residential Leasing Agents are subject to new continuing education requirements. It’s been over a decade since we’ve seen major changes like this!

In January 2018, the Real Estate License Act was amended with significant updates that “modernize” education and renewal requirements. While some changes took effect right away, much of the implementation was deferred until now, so the IDFPR had time to develop transition plans. These plans included approving schools and courses that satisfy the new requirements.

Here are the facts you need to know to survive your next real estate license renewal.

FACT 1: Core A and Core B Continuing Education Courses Have Been Retired

Until today, most Brokers and 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.

FACT 2: You Probably 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. Brokers and Managing Brokers must now complete:

  • NEW 4-Hour Core (Required Subjects)
  • 8-Hours of Electives

Residential Leasing Agents only need to complete a special 6-Hour core course (and no electives).

If you already completed some or all of your CE for the current renewal period, you may be exempt from the new requirement.

If it’s your first license renewal, you’ll need to complete 30 credit hours of Post-License education instead of continuing education.

FACT 3: 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.

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

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.

This means that all real estate licensees must be sure that their CE (or Post-License education) includes this training in order to renew. This first impacts Brokers and Leasing Agents who renew their licenses in 2020.

There are more changes on the horizon. If you need someone to throw you that life preserver by reviewing your transcript or helping you navigate these new waters, Real Estate Institute is available to guide you to a successful license renewal. Here’s another resource that provides a summary of the major education changes.


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 courses and the renewal process. Please don’t hesitate to contact us online or at 800-995-1700.

 

Are Final Exams Required for Upcoming Real Estate License Renewal?

Last year, some important amendments to the Real Estate License Act took effect. While most of the changes were subtle, there was an impact for Illinois Real Estate Managing Brokers. As the license renewal deadline approaches for Managing Brokers, our customer service team has been fielding lots of questions about the changes. Here is the key question and answer…

Do the license law changes impact your 2019 Managing Broker license renewal?

Yes, but not in a significant way.

Although the amended license law made some changes to curriculum and the way courses can be offered, the real impact of those changes won’t be felt until the next license renewal period. That’s because the state needed to finalize administrative rules that describe how those changes will be implemented. The proposed rules (which may be final by the time you read this) defer the impact of the changes to avoid confusion about requirements during this renewal period.

However, the Illinois Department of Financial and Professional Education (IDFPR) determined that some aspects of the amended license law were very clear and could be implemented in advance of the rulemaking process. This contradiction led to some confusion among licensees.

How does this impact Managing Broker Continuing Education?

The current two-year Managing Broker renewal period began May 1, 2017, and ends April 30, 2019. As a reminder, most Illinois Managing Brokers must complete 24 credit hours of continuing education that includes: 12 hours of core and elective CE (via self-study, online distance education, classes or live webinars) plus 12 hours of interactive Broker Management CE (via classes or live webinars) before renewing their licenses.

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.) This applies to core, elective, and Broker Management CE.

When it comes to core and elective CE, attending live training is not for everyone, especially with the requirement to complete 12 hours of interactive Broker Management CE. You may be looking for another way to avoid taking 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 became available in 2018 as a result of the amended license law.

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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.

Note: The state does not permit the 12-credit-hour interactive Broker Management CE course to be completed in an online distance education delivery method.

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

The IDFPR will soon begin accepting license renewal applications, so it’s important that Managing Brokers complete their required CE now.


Real Estate Institute has been a leader in real estate education for over 25 years, offering top-rated Continuing Education and Pre-License courses in multiple formats: Classroom, Live Webinar and Online Distance Education. Real Estate Institute’s team of experts is standing by to answer questions about your requirements, our courses and the renewal process. Please don’t hesitate to contact us at 800-995-1700.

 

Four Things Illinois Managing Brokers Should Do in 2019

To do list for businessman in notebook on office table. Grey background top viewThe new year is upon us, and it’s time to work on your annual business plan if you haven’t already done so. As a sponsoring or managing broker, you will certainly do many important things this year, but be sure not to lose sight of these basic strategies and responsibilities.

Establish Stronger Connections With Your Team

Whether you manage just a few agents or oversee the operation of a large organization, it’s important to build relationships with your team. Good working relationships often lead to better focus, collaboration, talent development and other positive outcomes that will help your company grow. Perhaps more importantly, effective communication with your team will help your office remain compliant with real estate license laws, rules and regulations.

One easy way to put this into practice is team meetings. Ideally, you can maintain a regular schedule of well-attended, in-person meetings that offer valuable interactions for everyone. But in the modern workplace, it may be challenging to drive attendance at in-person meetings, so don’t be afraid to use an online meeting app that enables you to collaborate virtually.

At each meeting, be sure to spend time on at least one key compliance issue. For example, you can help your sponsored agents understand rules and regulations surrounding advertising. While your office policy will dictate what styles and forms of advertising are acceptable to your brokerage, it is important to remind your agents about the do’s and don’ts of marketing. Educating your agents by using examples of appropriate and legal advertisements vs. inappropriate forms of advertising will help them understand what it takes to be compliant and successful while also protecting you and your firm.

Remember that Certain Responsibilities Should Not Be Delegated

It’s important to know what you do well and what can be delegated to others who can do it more efficiently or cost effectively. However, from a compliance standpoint, certain responsibilities should not be delegated to others.

As the real estate industry continues to embrace the concept of teams within brokerages, it can be tempting for a managing broker to delegate some of his/her responsibilities to a “team leader.” But the law is clear that this is not always permissible. Specifically, a managing broker must:

  • Have a written independent contractor agreement or employment agreement with each team member.
  • Compensate each team member. Sponsored licensees are only allowed to receive compensation from their sponsoring broker.
  • Monitor team advertising. Teams may advertise under the team name, but the name of the sponsoring brokerage must be included in all advertising.

Get Ready For Branch Location Changes

This year, the IDFPR’s Division of Real Estate will implement recent license law amendments, including elimination of the requirement for licensed real estate businesses to obtain an additional license for each of their branch office locations.

More details are coming soon, but we’ve received a lot of questions about how this change might impact an organization’s management structure. Similar to the current regulations, the individual who supervises the “main office” may supervise additional locations or designate another managing broker to supervise sponsored licensees at the remote location(s). Brokerages will be required to provide the IDFPR with details about the additional locations where they conduct business, but it won’t be necessary to have a separate license. Instead, these details will be managed through the IDFPR’s online services portal.

Update Your Policy Manual

Lastly, be sure to review and update your policy manual at least once per year. It’s important to incorporate policies into your manual as you become aware of new laws and rules that affect real estate brokerage. For example, you should consider including policies related to sexual harassment. You may want to address scenarios related to interactions with colleagues, customers, and clients. The appropriate information (and training – possibly at a team meeting), may help to prevent harassment and various types of discrimination. Additionally, taking reasonable steps to prevent harassment may help to limit a company’s liability if a claim is ever filed against your company or management team.


Real Estate Institute has been a leader in real estate education for 25 years, offering top-rated Continuing Education and Pre-License courses in multiple formats: Classroom, Live Webinar and Online Distance Education. Real Estate Institute’s team of experts is standing by to answer questions about your requirements, our courses and the renewal process. Please don’t hesitate to contact us at 800-995-1700.

Online Real Estate Licensing and Company Renewals

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By now, you probably received this notice from the IDFPR’s Division of Real Estate (DRE), which advises all real estate licensees that beginning October 1, paper applications for new licenses and renewals (for most license types) will no longer by accepted.  Instead, applicants must use the Online Services Portal.

The move to online licensing significantly speeds up the licensing process by automating tasks that formerly required more than one person or department to intervene.

When to Use Online Licensing Services

Beginning in October, the Online Services Portal should be used to:

  • Apply for a new license
  • Renew an existing license
  • Request a change of sponsorship
  • Terminate sponsorship
  • Update or make changes to licensee information

What About the 45-Day Sponsor Permit Card?

The new online workflow eliminates the need for a temporary sponsor permit card. As a result, this document will no longer be accepted by the DRE. Instead, Leasing Agents, Brokers, and Managing Brokers must use the Online Services Portal to request that their license be sponsored by a Managing Broker or licensed organization. Using this new system, a change of sponsorship can be completed within days.

Special Notice Regarding Branch Renewals

Last month, Gov. Bruce Rauner signed HB5210 into law, which eliminated the requirement for licensed real estate businesses to obtain an additional license for each of their branch office locations. This change will reduce costs and administration for real estate brokerages.

However, it will take some time for the DRE to fully implement this change and put in place an alternate process to ensure the DRE remains aware of locations where a brokerage conducts business with consumers. In the interim, these licensees must renew their branch license, but the DRE will waive the fee typically required for renewal. Branch license renewals are due by October 31, 2018 and may be renewed online here.

In Closing

Most licensees are having a positive experience with the new systems and online features, but as with any new process, there will be some quirks and problems to overcome. For example, we’ve already seen that the Online Services Portal lacks key features required by larger organizations, such as the ability to delegate access to non-licensed users who are responsible for license administration within the organization. Thankfully, the DRE has been very responsive to feedback and ideas. They are acting fast to fix bugs and make long-term improvements through ongoing investment in the technology.

If you have ideas for updates or new features for the Online Services Portal, let us know. We frequently participate in IDFPR meetings, sharing feedback we’ve received. You can comment on this blog post or send us feedback through the Contact Us form on our website.


Real Estate Institute has been a leader in real estate education for 25 years, offering top-rated Continuing Education and Pre-License courses in multiple formats: Classroom, Live Webinar and Online Distance Education. Real Estate Institute’s team of experts is standing by to answer questions about your requirements, our courses and the renewal process. Please don’t hesitate to contact us at 800-995-1700.

Three Things That Every Illinois Real Estate Broker Should Remember About Disclosing Their Status as a Licensee

Real estate brokers help to create successful transactions for their clients, but they often participate in their own transactions, too. This may include buying or leasing a primary residence, the purchase or sale of investment property, etc.

When an Illinois licensed real estate broker engages in a transaction, there are special disclosure requirements that can be easily overlooked. In general, these requirements are in place to ensure that the other party in a transaction is aware of the licensee’s status – because the licensee is perceived to have more knowledge and therefore may be able to take advantage of the other party.

Failure to disclose that you are a licensee is a violation of license law that may expose you to penalties up to and including revocation of your license.

Key Requirements

  • Disclosure must be made to all parties when a licensee is selling, leasing or purchasing any interest in real property.
  • Disclosure must be made in writing.
    • You may do so when you first meet or interact with the other party or include the disclosure as part of your written offer.
    • If you include the disclosure on a contract that you submit, avoid adding a small note next to your signature (on the last page). In the past, the IDFPR has suggested that licensees add the required text in large/clear print at the top of the contract to ensure that the receiving party sees it before they review and sign the contract.
  • Disclosure requirements apply to the following parties:
    • Sole owners.
    • Joint tenants and tenants by the entirety.
    • Land trusts.
    • General partners in a partnership.
    • Officers, directors, majority shareholders and controlling shareholders of a corporation.
    • Managers or majority or controlling members of a limited liability company.
    • Anyone else with a direct or indirect interest in the subject property.

Business Entities

It’s noteworthy that licensees often get into trouble when a business entity is involved in the transaction. It’s critical to remember that brokers must disclose their status even when they are not personally a party to the contract. For example, Happy Investments LLC may be the buyer, but if Lucy Licensee is a manager of that LLC, she must still make the required disclosure.

Final Advice

Lastly, although it’s not required by law, it never hurts to also communicate orally to help ensure the other party has received your notice. You may even consider asking for a written acknowledgement of the disclosure.


Real Estate Institute has been a leader in real estate education for 25 years, offering top-rated Continuing Education and Pre-License courses in multiple formats: Classroom, Live Webinar and Online Distance Education. Real Estate Institute’s team of experts is standing by to answer questions about your requirements, our courses and the renewal process. Please don’t hesitate to contact us at 800-995-1700.

Four IDFPR Website Features Every Sponsoring Broker Should Use

Computer_Phone_Notebook_IDFPROver the past few years, the Illinois Department of Financial and Professional Regulation (IDFPR) has taken big steps to offer more information and services at its website. The resulting features offer some efficiencies that most real estate sponsoring brokers haven’t yet discovered. Here are four features you should use:

  1. This easy-to-use lookup tool enables consumers, licensees, and others to check the status of a professional license. For sponsoring brokers, it offers these important features:

    • Check to see whether your personal or business license is in good standing. (Look for an “ACTIVE” status.)
    • View a list of all licensees (e.g., Managing Brokers, Brokers, Leasing Agents) who the sponsoring broker currently sponsors. (See the list of “subordinate” licensees.)
    • Using the above list, you can confirm that the sponsored licensees have an “ACTIVE” status. TIP: It’s especially important to do so at the start of a renewal period. It’s not uncommon for licensees to overlook the renewal … and you need to be sure that they are currently licensed to practice.

  2. Use this feature to print an official copy of your license(s). This is especially important for sponsoring brokers, who are still required to display a copy of the license for each sponsored licensee or have licenses available for viewing upon request.

  3. Using the Online Services Portal, individuals and businesses can apply for a new license. This currently includes:

    • Leasing Agent, Broker, and Managing Broker license candidates who recently passed the state exam
    • Pre-License and Continuing Education Instructor candidates
    • Real Estate Businesses, including Corporations and LLCs
    • Real Estate Branch Offices

    New licensee candidates should be encouraged to use this system, which offers faster processing and online payment of the license fee(s).

  4. This is a big one. Now, sponsoring and sponsored licensees can request a change of sponsor without relying on paper forms. This means that it’s no longer necessary to use the 45-day sponsor card and mail in the corresponding form and fees to the state.

    To use this feature, you must create an account and login to the Online Services Portal . Once logged in, click the Online Services menu, then Licensure Options.
    Online Services Menu

    Using this feature to initiate a change of sponsor request will trigger an automated, online process. The terminating sponsoring broker, new sponsoring broker and licensees will all be notified of the request by e-mail. Below is an example of the message a sponsoring broker might receive.

    Four IDFPR Website Features Every Sponsoring Broker Should Use - E-Mail

    The affected licensees will have three days to respond affirmatively. If the required approvals are not provided, the request will be cancelled.

    TIP: Be sure to have your e-mail address on file with the IDFPR. You can provide or update that here.

Follow Real Estate Institute’s blog to be notified when we post more tips and other important information about the regulation of Illinois real estate licensees.


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

 

Last-Minute Tips for Brokers to Beat the April 30 Deadline

Motion blur shot of a cheerful business woman crossing the finish line (shutterstock_122081617)The license renewal deadline for Illinois real estate Brokers 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 in Illinois are required to complete education before renewing their license. The type of education depends on what date your license was issued. Find out the original issue date of your license by checking the Illinois Department of Financial and Professional Regulation (IDFPR) license lookup page at their website.

  • Brokers whose licenses were issued before 2/1/2016 require 12 hours of core and elective continuing education. While live classes are permitted, self-study or online distance education (new for 2018), are the fastest and most flexible options. Self-study courses can be completed anywhere, anytime and require a proctored exam. Online distance education and classes don’t require a final exam, based on recent real estate license law amendments. Finding live classes in your area at this late date may be a challenge. We recommend trying out online distance education. Real Estate Institute offers convenient continuing education options here.
  • Brokers whose licenses were issued from 2/1/2016 – 1/31/2018 require post-license education. Half of this 30-credit-hour requirement must be delivered via interactive instruction, such as a live class or webinar. With limited time remaining, webinars are recommended because they offer very flexible attendance options – review your post-license education options.
  • Brokers whose licenses were issued after 1/31/2018 won’t have to renew until 2020, so no education is required at this time. Even so, these Brokers should complete their post-license education well before their deadline to get it out of the way so they don’t have to worry about it later. (Tip: You can get started as soon as 5/1/2018.)

Renew Your License

Most Brokers know that they must pay the renewal fee to the Illinois Department of Financial and Professional Regulation (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 the two-year period. (Tip: This close to the deadline, it’s 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 with this information.
  • You can begin the renewal process by visiting the IDFPR website and selecting the renewal method offered for your profession.

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.