Illinois Real Estate Exam Info

What is required to get a license?

For leasing agents:

  • Proof of age 18 and above.
  • Proof of completion of 15 hrs Pre-License Education.
  • You must have a high school diploma or equivalent.
  • Complete and pass the real estate examination.
  • Login to apply.
  • Fees: Examination Fees (Leasing Agent: $46). License (Leasing Agent: $75)

For brokers:

  • Proof of age 21 and above.
  • Proof of completion of 90 hrs Pre-License Education.
  • You must have a high school diploma or equivalent.
  • Complete and pass the real estate examination.
  • Login to apply.
  • Your must be sponsored by a managing broker in order to practice.
  • Fees: Examination Fees (Broker: $46). License (Broker: $125)

For managing brokers:

  • Proof of age 21 and above.
  • Proof of completion of 45 hrs Pre-License Education (Managing Broker Pre-License Topics for 30 hours, Managing Broker Pre-License Applied Management and Supervision-Interactive for 15 hours).
  • You must have a high school diploma or equivalent.
  • You must have an active valid Illinois real estate broker license.
  • You must have had an active real estate license for 2 of the past 3 years.
  • Complete and pass the real estate examination.
  • Login to apply.
  • Fees: Examination Fees (Managing Broker: $46). License (Managing broker: $150).

What score do I need to pass?

The broker exam consists of 100 national questions and 40 state-specific questions. The difficulty of each item on the examination for the “minimally competent practitioner” (MCP) has been previously evaluated. These judgments are averaged to determine the minimum passing score.

The managing broker exam national portion consists of 10 simulation problems and the state-specific portion consists of 40 multiple choice questions. A minimum passing level (MPL) was established for the section using the scoring weights assigned to the options in that section and represents the level of performance expected of a “minimally competent practitioner.” The overall examination has an Information Gathering (IG) MPL and a Decision Making (DM) MPL, which represent the sums of the MPLs of all IG and DM sections on the examination. Your total raw scores must meet or exceed the MPL in both IG and DM to pass this examination.

The passing score for the Leasing Agent examination is a scaled score of 75.

You will receive your score immediately after you complete your exam.

How much time do I have to complete the exam?

  • For the broker exam: you are allowed a total of 3.5 hours.

  • For the managing broker exam: you are allowed a total of 4 hours.

What should I bring with me for the exam?

  • 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver’s license, passport, green card, U.S. social security card, debit or credit card with signature). If your name on your registration is different than on your identification, you must bring proof of your name change.
  • Basic (non-scientific) calculator.

What is the format of the exam?

The exam is given on a computer.

What is on the exam?

The national portion of the multiple choice exam for brokers consists of the following sections:

  • Agency Relationships and Contracts.
  • Real Property Ownership/Interest.
  • Finance.
  • Real Property.
  • Marketing Regulations (purchase and rental).
  • Property Management.
  • Real Estate Calculations.

The state portion for brokers includes:

  • Licensing Requirements.
  • Laws and Rules Regulating Real Estate Practice.
  • Disclosures.

Managing Broker national portion simulation examination contents:

  • Primary Issues:
  1. Agency Relationships and Property Representations.
  2. Fair Housing and Other Governmental Regulations.
  3. Handling Money.
  4. Training and Supervision of Licensees.
    Plus one primary issue varying by examination form.
  • Section Topics:
    A. Agency
    B. Contracts
    C. Freehold and Leasehold
    D. Property Management
    E. Finance
    F. Government Regulations and Private Restrictions
    G. Description and Measurement
    H. Valuation
    I. Conveyance
    J. Calculations
    K. Ethical Behavior (must be incorporated in at least 4 problems)

  • Property Types:

  1. Residential
  2. Commercial
  3. Property Management
    Plus two property types varying by examination form.

The state-specific portion for managing brokers consists of:

  • Licensing Requirements
  • Laws and Rules Regulating Real Estate Practice
  • Disclosures
  • Managing Broker Topics

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