Is the Illinois real estate broker exam hard?
With proper preparation, the real estate exam is not that hard. You can pass. How do we know? More than 95 percent of the test takers who use our real estate prep materials pass the exam.
How do I become a real estate broker in Illinois?
To qualify for a Managing Broker license in Illinois you must be at least 20 years old, have an active, valid Illinois real estate broker license, have had an active real estate license for two (2) of the past three (3) years, and successfully complete the 45 hours of required managing broker pre-license education and …
How many questions are on the Illinois real estate broker exam?
You’ll have 3 ½ hours to complete the test, and a score of 75% is considered passing (results are provided immediately upon completion). The Illinois Real Estate Exam contains 120 multiple-choice questions. 80 of these questions are national questions and 40 are state questions.
How long does it take to become a real estate broker in Illinois?
between three and six months
It takes most people between three and six months to become a broker in Illinois. You can apply for a real estate license after completing your 75 hours of prelicense education and after you pass both the state and national portions of the Illinois licensing exam with a grade of 75% or higher.
How many times can you take the real estate exam in Illinois?
How many times can I take the state exam? The state exam has two sections; a general section and an Illinois specific section. 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).
How many times can you retake the Illinois Real Estate exam?
If you do not pass the licensing exam after completing your courses, you may retake the exam up to three times (on different days). If you do not pass the exam on the fourth attempt, you must retake the pre-license coursework before registering again for the exam.
How do you get my brokers license?
Real Estate Broker General Requirements
- Be 18 years of age.
- High school diploma or equivalent.
- 2 to 4 years of experience as a practicing salesperson.
- Complete the required broker education.
- Take and pass the broker licensing exam.
- Complete the broker license application and pay the required fee.
Can I become a real estate broker without being an agent in Illinois?
Unlike many states, Illinois does not offer a real estate agent or salesperson license, and instead uses the term “broker” to refer to any professional who represents a consumer in a real estate transaction.
How do you become a real estate broker?
The steps to becoming a real estate broker are: researching requirements, taking a pre-licensing course, taking the licensing exam, deciding between broker and agent, and then choosing a brokerage. Branching off as your own boss as a real estate agent can reward you both monetarily and emotionally.
What are the educational requirements for a real estate broker?
Educational Requirements. Real estate broker training can include completing either an associate degree or bachelor’s degree in real estate through a community college or university. Coursework includes real estate law, business law, finance, and statistics.
Do you have what it takes to become a real estate broker?
Depending on their state’s requirements, prospective brokers must spend one to three years working as a real estate sales agent before they can apply for licensure. It may take additional weeks or months to complete the required training course and pass the broker licensing examination.
How to approach obtaining an Illinois real estate license?
Take the Prelicensing Coursework. Being a real estate broker is much more complicated than what you see on TV.
