Two years
Within two years of completing your pre-license education, register for and take the real estate licensing exam with PSI (the license exam administrator). It is recommended that you thoroughly review the Illinois Real Estate Examination Program Candidate Handbook before registering.
Is the Illinois real estate exam timed?
The state exam costs $58 each time you take it. You'll have 2 ½ hours to complete the national portion of the test, and a score of 70% is required to pass. You'll have 90 minutes to complete the state portion of the test, and a score of 75% is required to pass.
How many times can you fail the real estate exam in Illinois?
Can you retake the Illinois real estate exam? Illinois students can take the real estate exam a total of four times. If you pass either the National or State portion of the exam, you won't need to retake that part; you'll only need to re-do the portion you didn't pass.
What happens if you fail the Illinois real estate exam?
You must pass each section with a minimum grade of 75%. If you fail the exam, you may retake the exam 3 more times (total of four times). If you fail only one portion of the exam (the general or the Illinois specific section), you need retake only the portion you failed.
What percentage of people pass the Illinois real estate exam?
The passing rate for the Illinois Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.
How fast can you get a real estate license in Illinois?
Most students complete the licensing requirements in 3-4 months. Before you receive your license, you must complete a few necessary steps; these include your education application, passing the exam, a background investigation, and more.
What to study for the Illinois real estate exam? We cover this topic, plus the best way to study to pass the test on your first try in our latest guide:https://t.co/jf4GkqkFPY #realestatecareer #realestatelicense #realestateexam pic.twitter.com/Xy6uQ9Wcza
— Real Estate Bees (@RealEstateBees) March 8, 2023
How hard is it to get real estate license Illinois?
The passing rate for the Illinois Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!
Frequently Asked Questions
What does the average realtor make in Illinois?
What is the average salary for a real estate agent in Illinois? The average salary for a real estate agent in Illinois is $43,000 per year. Real estate agent salaries in Illinois can vary between $16,500 to $172,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
How much does the average realtor make in Illinois?
What is the average salary for a real estate agent in Illinois? The average salary for a real estate agent in Illinois is $43,000 per year. Real estate agent salaries in Illinois can vary between $16,500 to $172,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
What to do after you pass the real estate exam Illinois?
Now that you have passed your Illinois broker real estate exam your next step should be to find a managing broker to work under. Once you have been hired by an Illinois license broker, you can submit your license application.
What is the passing rate for the Illinois real estate exam?
The passing rate for the Illinois Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.
How long does it take to get a broker’s license in Illinois?
The average time it takes to complete your Illinois broker pre-licensing education is dependent on a few factors. Most students complete the licensing requirements in 3-4 months.
FAQ
- How to find a sponsoring broker in il?
- Here are the steps you should take to find the best broker for you:
- Google brokers in your area.
- Reach out to those 10 brokers (either by phone or email) and explain that you are about to get your license and are looking to work under a sponsoring broker.
- Schedule interviews with 4 or 5 of the brokers.
- Do you need a sponsoring broker in Illinois?
How do I submit my Illinois Broker application? Illinois brokers must work under the sponsorship and supervision of a managing broker, so you will need to ask a managing broker to sponsor your license before you submit your broker application.
- How hard is the Illinois broker exam?
If you decide to retake the exam, use this as a guide for your studies. The passing rate for the Illinois Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible.
- How long does it take to get your real estate license in Illinois?
The average time it takes to complete your Illinois broker pre-licensing education is dependent on a few factors. Most students complete the licensing requirements in 3-4 months.
- How long does it take for IDFPR to review application?
Once you have completed the application and forms with ALL supplementary documentation and have the application fee*, mail everything to IDFPR (see mailing address in application). IDFPR should notify you within 4 to 6 weeks if your application is accepted.
How long do i habe yo take the real estate exam in illinois
| How do I transfer my real estate license to another broker in Illinois? | How to transfer a real estate license to another broker in Illinois? Anytime you wish to transfer managing brokers, you need to go to the online services portal. Indicate you are making a change and pay the transfer fee. |
| What are the requirements to be a real estate agent in Illinois? | To earn your real estate license in Illinois, you must be 21 years old (or be 18 and meet an education requirement), possess a high school diploma or GED equivalent, complete 90 hours of required education, and pass the Illinois real estate licensing exam. |
| Which of the following is a licensing requirement for an Illinois brokers license? | To qualify for an Illinois Real Estate Broker License in the State of Illinois you must be at least 18 years old, have a Social Security Number of Individual Taxpayer Identification Number, have a high school diploma or equivalent (G.E.D.), successfully complete the required coursework, and pass the real estate |
| Which person is not required to hold a real estate license quizlet? | Which person is NOT required to hold a real estate broker's license? The answer is an onsite manager of an apartment complex. Neither an onsite manager of an apartment complex nor an owner's employee who leases the owner's real estate is required to hold a real estate license. |
| What activities require a real estate license in Illinois? | Such activities include leasing or renting residential real property, or attempting, offering, or negotiating to lease or rent residential real property, or supervising the collection, offer, attempt, or agreement to collect rent for the use of residential real property. |
- Do you need a license to sell real estate in Illinois?
To sell real estate in Illinois and earn a commission, you must have an Illinois Real Estate License. The steps to obtain a IL Real Estate License: Step #1: Complete the 75-hour Illinois Real Estate Broker Course. Step #2: Schedule your IL State License Exam.
- What percentage of people pass the Illinois real estate exam on the first try?
The passing rate for the Illinois Real Estate Broker Exam is 75%.
- Does Illinois real estate license expire?
Illinois Real Estate licensees must renew their licenses every two years. Real Estate Broker and Residential Leasing Agent renewals occur in even-numbered years, while Managing Broker renewals occur in odd-numbered years.
- How long do you have to take the Illinois real estate exam?
You will have 3.5 hours to take this 140-question test comprised of two portions, covering both state and national requirements.