Visit http://www.idfpr.com/dpr/re/realmain.asp for more information.
Yes. The leasing agent course is a 15 hour class, taken over the course of 2 days (Saturday and Sunday), for 8 hours each day (9:30 am to 5:30 pm). Once students pass the final exam (taken 2nd day of class) they go on to take the state exam to get licensed.
Getting licensed as a broker costs $125, not including MLS fees. Leasing agents pay $75 to get their license. Please go to www.chicagorealtor.com for a full list of current MLS fees.
Leasing agents are required to take a 15 hour course and pass the state licensing exam. A Leasing Agent license only allows one to lease residential properties. Brokers are required to take the 90 Broker Pre-Licensing Course as well as pass the state licensing exam but are enabled to assist with the leasing, selling and buying of residential, commercial, and industrial, etc. properties.
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!
Each transaction is different. A leasing agent’s compensation is based on the rent amount of the property, the landlord’s compensation agreement and the leasing agent’s commission agreement.