The hard work and effort you put into becoming an Illinois real estate broker will be well worth it in the long run. Your career is limited only by your hard work, which is why you’ll need to maintain your license once you obtain it. To do that, real estate broker post license training will be needed in order to meet state licensing requirements.
The state of Illinois requires real estate brokers to renew their licenses every two years.
A broker’s license will expire on April 30 of every even-numbered year. To be eligible for a first-time renewal, brokers must complete a 30-hour course from an approved institution prior to this expiration date. Some topics offered in one of these classes involve working with clients, agent safety, advertising, and legal disclosures. They are designed to give you the foundation you need to be successful in the real estate industry now that you have the basic knowledge needed to act in that capacity.
After a first renewal, 12 hours of continuing education will be needed to renew a license. Continuing education courses are designed to give you a wider knowledge of the real estate industry, and can cover topics such as capital gains, marketing, classifications of real property and appraisals, to name a few. You will also need to complete Core A and Core B training, and these two modules will focus mainly on issues relating to real estate law in general.
Both courses can be taken as self-study programs that can be completed in the comfort of your own home.
That way, you can be free to develop your real estate business without the ongoing hassle of attending classes, which could make it difficult for you to meet with clients. Don’t wait until the deadline to ensure you meet the renewal requirements-contact us to enroll in classes and keep your license current.