This week, the Illinois Department of Financial and Professional Regulation (IDFPR) posted frequently asked questions to help all real estate licensees complete the transition and renewal process. There is also important information about what will appear on the “License Look Up” webpage on the IDFPR website after the transition deadline. Although all salesperson and broker licenses expire on April 30, 2012, your license will continue to show “active” while the IDFPR finishes processing the transition/renewal applications. This may take up to 30 days. Click here to view the IDFPR FAQs.
Real Estate Institute also has comprehensive transition and continuing education frequently asked questions. To view our transition FAQs, click here. To view our continuing education FAQs, click here.
If you are an Illinois real estate salesperson transitioning to the new broker license, make sure you complete ALL three simple steps, or you will lose your license on May 1.
- ENROLL. If you have not done so already, immediately sign up for the 30-credit-hour transition course. This course can be completed by self-study. (You are exempt from CE for this renewal period.)
- TEST. Schedule your proctored exam. Spaces are filling up fast.
- SUBMIT. You must submit your transition and renewal application, including fees and certificate to the IDFPR. It must be postmarked by April 30.
Remember, there is no “late transition.” If you miss the deadline, you will no longer be able to earn referrals or commissions and will need to start the licensing process all over again. That means having to complete a 90-credit-hour broker pre-license program. Don’t pass up transitioning to broker status. Luckily, you still have a few more weeks. There’s still time!
The IDFPR has begun mailing Broker license renewal forms. If you’re a Broker who has transitioned or plans to transition to Managing Broker, DO NOT USE this form. This is strictly for renewal as a Broker licensee.
This renewal form should ONLY be used by the following licensees:
- Brokers licensed on or before 4/30/11 who are NOT transitioning to the Managing Broker license.
- Brokers licensed after 5/1/2011 who transitioned from the Salesperson license.
- Brokers licensed after 5/1/2011 who completed a 90 credit hour pre-license program before passing the state exam and applying for their license.
As a reminder, the deadline for Broker renewals is 4/30/12. Continuing education (CE) must be obtained from an IDFPR-approved real estate school. Your CE course provider must report your CE course completion.
Salesperson licensees will not receive renewal forms since this license type expires permanently on 4/30/12. Click here for information on how to remain a licensed real estate agent.