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.

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’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.

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.