The Illinois real estate license exam is an essential requirement for those aspiring to become licensed real estate brokers in the state. While taking this test can be nerve-wracking and overwhelming, if you’re prepared, success is within reach.
To prepare for the exam, you can purchase quality exam prep packages that provide tools like flashcards and simulated exams to give yourself an advantage in studying.
What to Expect
The Illinois real estate license exam is an integral component of obtaining your Illinois broker license. This test assesses your knowledge of the laws and regulations that apply to real estate in Illinois, consisting of 140 multiple-choice questions divided into two parts.
When studying for the test, having a focused study plan is essential. This will help you allocate your time efficiently and guarantee that you cover the most pertinent topics in each category.
Another useful tool is a practice exam. These can be found online free of charge to give you an idea of the questions on the actual test.
One of the more challenging sections on the real estate exam is math. This section includes questions regarding the mill rate – a unit of property tax.
How Hard is the Illinois Real Estate Exam?
The Illinois real estate license exam can be difficult but it’s not impossible. With a passing score of 75%, if you put enough effort and time into studying, chances are good that you will pass your first attempt at passing.
One of the best ways to prepare is by taking approved pre-license courses that cover all the material necessary for taking the exam. These can be found online or in a classroom setting and typically feature study aids, interactive quizzes, and practice tests.
How Much is the Illinois Real Estate Exam?
The exam you will need to take to get your Illinois real estate license will cost $55 per attempt. If you only have to take it once, you will only need to pay one fee, but if you don’t pass, expect to pay the fee again.
Where to Take Illinois Real Estate Exam
If you need to pass the Illinois real estate license exam, there are a variety of places where you can take it. You can take the test in person at a test center or online through PSI/AMP, an international provider for state licensing exams.
Before scheduling your exam, you must register with PSI/AMP and verify course completion information from the school you took your pre-license education at. Additionally, two valid forms of ID containing both your name and signature, as well as a fingerprint card, will be required.
Once you pass the exam, you must apply for your license with the Illinois Department of Financial and Professional Regulation (IDFPR). You will then have 45 days to practice under a managing broker until your application is approved.
Can You Take the Illinois Real Estate Exam Online?
Yes, you can take this exam online when you choose to do it through PSI/AMP. You will know your score and if you passed the exam as soon as you complete it. If you fail, you will be given a breakdown of your score in different sections of the exam.
Is the Illinois Real Estate Exam Hard?
The exam can be challenging, but it’s achievable with dedication and the right study habits.
On this exam, you’ll be tested on 140 multiple-choice questions; 100 of which are national real estate questions and 40 that are state specific. In order to pass both sections of the exam – national and state – you must score 75% or higher.
Obtaining your real estate license in Illinois is relatively straightforward and many people pass their exam first try. But there are a few things you should be aware of about the process and how to prepare for it so that you can successfully obtain your license.
How to Pass the IL Real Estate Exam
Create a study strategy by creating an outline for yourself outlining how much time should be devoted to each section of the exam. Doing this will guarantee that you devote enough attention and energy to each topic, increasing your chances of passing with flying colors!
Next, ensure you are studying with high-quality exam prep materials. Doing this will enable you to learn the material in a way that is likely to remain with you long after test day.
Once you have a strategy in place, it is essential to practice taking the exam so that you know how to answer questions correctly. Doing this will prevent confusion or stress during testing.
