Should I Renew My Real Estate License?

Is it time to break up with the IDFPR?I’m probably not the only one with an Illinois managing broker’s license who is thinking, “Is this the year I officially retire from real estate?”  I’m sure that this is a question that echoes in the minds of many this time of year when we must complete our continuing education and renew our license. I have been licensed for over 31 years – that’s a lifetime! I faithfully complete my CE and renew my license every two years. It’s been a part of my life for so long.  But  I ask myself, is it time to break off the relationship?  Is it time to write that “Dear John” letter to the IDFPR?

At this point in my life, I am a self-sponsored managing broker working out of my home. I question keeping my license because I am not actively working with the public in real estate. Recently, I faced an IDFPR audit and survived. Believe me, even though I always do things by the book, I almost threw in the towel after that experience!  However, I still like to dabble: buy a house or two every now and then and help out an old friend or family member.

And now it’s renewal time … Should I or shouldn’t I?

And my answer is… I am going for it!  I am going to complete the 24 credit hours of CE and renew my managing broker’s license. I have given it a lot of thought and have decided that renewing is the right thing to do.

Here’s why…

As long as I continue to have a passion for real estate, want to  learn new things  and help a few others, I will continue to renew my license. I have worked so hard to get this far. Like I said, my license and I have shared a lifetime together, and I am not ready to break up!

Maybe this is the year I can make a difference. Maybe this is the year I can give back and become more involved.

I have not given up hope, folks. I’m sure you feel the same.  See you in CE class.

What Every Broker Needs To Know About Post-License Education and Their First Renewal

It’s quite an accomplishment to complete the state-mandated 90-credit-hour broker licensing program in Illinois. You finish the coursework, pass the state exam and are ready to take advantage of the rebounding real estate market. But wait, did you know your license might be expiring soon? Time to check your pocket card for your license expiration date. Most Illinois real estate Brokers must renew their license by April 30, 2014. It seems like a long way off, but if you are a new Broker, you need to get started now to satisfy the education requirements for renewal.

Post-License, Not CE
If you are a new Illinois real estate Broker, you are not required to complete continuing education for your first license renewal. Many of your colleagues who have been licensed for a while will be completing 12 credit hours of CE. This is not the case for newbies. Instead, new Brokers must complete post-license education. Your subsequent renewal periods will require CE.

Plan For Post- License Now
The Illinois post-license education requirement is a 30-credit-hour, state-approved program. Post-license is a two-part course. You must complete the 15-credit-hour Post-License Topics course (self-study or live). You must also attend a 15-hour Applied Real Estate Principles course. This must be a live interactive class or webinar.

After you have completed the entire 30-credit-hour program, the state requires a proctored final exam. The good news is that there is no requirement to take another state exam … you’ll do everything directly with your school.  You will want to enroll for the courses now to ensure you have the education requirements completed before you renew your license at the IDFPR website.

Keeping It Simple
Real Estate Institute offers state-approved post-license education. Busy Brokers benefit from our simple, straightforward program. A combination of self-study with regular classes and webinars helps Brokers satisfy their requirement quickly. Find out why Illinois Brokers recommend that their colleagues complete post-license education with our school. Call 800-995-1700 or click here for more information.