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Illinois · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 IllinoisReal estate licensing in Illinois is governed by the Real Estate License Act of 2000 and administered by the IDFPR Division of Real Estate. Since 2011 Illinois eliminated the salesperson tier, so the entry-level license is the BROKER, which requires completing 75 hours of approved pre-license education before testing. A licensed Broker must work under and be supervised by a MANAGING BROKER, who is the supervisory license responsible for overseeing the office and its sponsored brokers.
Yes. State License Law is a scored domain on the Illinois real estate licensing exam, and this topic appears in the state license-law portion.
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Illinois applies its own license law on top of the national portion. This page covers the Illinois rules specifically, which is what the state section of your exam tests.