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!
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!