Acquiring a real estate license in Illinois requires an extensive amount of work. It typically takes 3 to 6 months to complete all necessary steps and become licensed. There is also a cost to getting a real estate license in Illinois.
If you’re considering becoming a real estate agent in Illinois, you should know the cost of getting your license. Let’s look at the different costs that come with getting an Illinois real estate license.
Pre-License Courses – $300 to $600
To obtain your Illinois real estate license, you must complete 75 hours of pre-license courses and pass the state exam. These courses can be taken online through one of Illinois’ premier real estate schools.
Some courses even guarantee you will pass the exam on your first attempt. Others provide online study materials like flashcards and practice tests to help prepare you for the test.
Colibri Real Estate offers four 75-hour pre-license course packages. Each includes a printed textbook and one-year membership with McKissock, an industry development company. Furthermore, they provide a Pass or Don’t Pay guarantee that refunds your $55 exam fee if you don’t pass on your first attempt.
License Exam – $55 per attempt
Applied Measurement Professionals (AMP) administer the broker exam at multiple testing centers throughout Illinois. It consists of 100 national questions and 40 Illinois-specific ones.
To pass the broker exam, you must achieve a score of 75% on both the national and Illinois sections. This can be accomplished by taking all required pre-license courses and studying diligently.
A reliable real estate education provider will offer various study materials and practice exams in addition IL exam prep courses. Many of these courses come with a guarantee that you will pass on your first attempt.
Real Estate License Application – $125
You will need to pay a fee when you apply for your real estate license in Illinois through the Illinois Department of Financial & Professional Regulation. This fee will be $125, and you will need to create a log-in profile to submit your application.
Total Cost to Get a Real Estate License in Illinois
Your total cost to get a real estate license in Illinois will range from about $550 to about $800. This will include your pre-license course, exam fees, and application fees.
Is Real Estate School Expensive in Illinois?
If you want to achieve a six-figure real estate career in Illinois, getting an education is necessary. Fortunately, there are some excellent Illinois real estate schools that can assist you in beginning your new career path, but they do come at a cost.
You will pay anywhere from $300 to about $600 for your pre-licensing course in Illinois. Some of the real estate schools in Illinois offer even more educational opportunities that might come at a higher cost.
How Much Does It Cost To Renew Your Real Estate License In Illinois?
Real estate agents must complete 12 hours of continuing education every two years in order to renew their licenses. The number of CE hours required varies based on which type of license you hold.
During your first year, you will need to complete the post-licensing education course. This requires 45 hours of education, which is split into three 15-hour courses. Often, you will pay for this course when you pay for your pre-licensing course.
Renewal costs for your real estate license in Illinois include a $150 renewal cost online. If you’re late with the renewal, there is another $50 fee. Along with this cost, you will need to pay for continuing education courses. These courses are usually very affordable and will range in cost based on the provider you choose.
