Frequently Asked Questions

General

How much does the state exam cost?

The state exam is $46.  You can take it up to four times.  If you fail the fourth time, you will be required to re-take the 90 Hour Broker Pre-Licensing Course or the Leasing Agent Course, depending on which license you are testing for.

What is the difference between a Salesperson’s license and a Broker’s license?

Beginning May 1, 2011, the Salesperson license category was effectively replaced with the Broker license category.  The new Broker license has the same rights as the Salesperson license; the difference being additional education requirements.  The state of Illinois is no longer issuing the Salesperson license.

What is included with the cost of registration?

All of our tuition includes textbooks, homework materials, a review session, final exam, transcript, and assistance with registering for the state licensing exam.

Does CREI Assist with job placement?

We do not offer direct job placement assistance, however students should not have difficulty with finding a brokerage that will hold their license, as most brokerages are actively seeking new agents all the time.

What positions require a broker’s license?

Those who represent owners and buyers within the sales relationship, including the interchange, administration, and leasing of residential, commercial, and industrial properties are mandated to hold this particular license. Those who want to perform duties related to leasing residential properties are required to hold a Leasing Agent License.

Are attorneys at law required to complete the prerequisites for a broker’s license? (including the 90 credit hours of pre-license education)

No. Attorneys approved to practice law in the state of Illinois and are currently in active standing are not required to complete 90 hours of pre-license education, however, they are required to pass the state examination.

Do you offer any discounts?

For a limited time Leasing Agents can get $100 off their upgrade to broker using coupon “MayUpgrade” at checkout. This coupon won’t last long so sign up NOW! 

Are the cost of my courses through CREI and/or licensing fee tax deductible?

Currently, you cannot deduct as a business expense education expenses you accumulate to qualify for a new business or profession. *Please always check with your tax professional, we do not provide tax advice.

 

How do I know when courses are offered?

Simply click the drop-down box correlating to your desired course. There you will find our upcoming courses and their time slots. Also, refer to our our calendar to see exactly which chapters are being covered in class each evening.

Are there reschedule fees?

If you have already setup a time for your final exam and have to reschedule, there is a $25.00 administrative fee to reschedule the exam.

If I take the final exam, but I do not pass the exam, can I take the state exam?

Students are required to pass the state exam with at least a 75% on their exam.

Can I take the final exam at anytime?

Students are required to take the final exam during the scheduled exam time. Additionally, if you miss the scheduled exam final, you will be required to pay the $15.00 reschedule fee.

What is the in-class attendance policy?

Students who miss a class will be required to pay $10 per class. Additionally, you must attend all classes to take the final exam.

Where is the school located?

We are located at 2711 North Halsted Street. The nearest public transit is the Diversey Brown & Purple Lines. The Halsted and Diversey buses stop in front of our school.

How early should I arrive for the first class?

Students are encouraged to arrive 30 minutes prior to receive their materials and books.

Can I receive a refund for the course after the first class?

Students will not receive refunds after the first class.

2 comments on “Frequently Asked Questions”

  1. dianna mcclain

    what fee are included in being a real estate broker associate?
    I am new and have no idea what all the fee include.
    I have my illinois brokerage license but am afraid of the cost and don’t know what to do…. please help..
    thanks
    dianna

  2. Alejandra Escobar

    Hi Dianna,
    Please give us a call at (773) 880-7400 so we can help you out.
    Thanks,
    Alejandra Escobar
    CREI

Comments are closed.