What’s the difference between a broker- and a Managing Broker license?

You first must be at least 18 years of age. You must also have a high school diploma or a GED diploma. Make sure you successfully finish the pre-license course and pass the state licensing exam. You need to be hired by a licensed Illinois managing broker before you can submit your license application with the IREC.

To apply for an Illinois broker license, you must use the Illinois Department of Financial and Professional Regulations Online Services Portal. You will start by creating an account. You use this portal to upload any required documentation and to pay your $125 initial application fee.

Yes! In fact, you are required to apply for your real estate broker license online using the state’s Online Services Portal.

The Illinois real estate broker initial license application fee is $125, payable by credit card through the Online Services Portal.

You need your official score report from PSI, verification of any professional license held in any regulated profession in any United States. If you had any positive answers to the screening form, you may also need to upload Court documentation and sworn statements.

You have up to one year after passing the broker State licensing exam to file your license application with the IREC. After that, you'll need to start the process again.

No, you must work for a licensed managing broker in order to hold an Illinois real estate broker license.

An active license allows you to transact real estate for others and earn a commission for your efforts. An inactive license says that you have met the state's licensing requirements, but you are not currently authorized to earn a commission for assisting with real estate transactions.

Log in to the online services portal to place your license on inactive status. If you leave your license on inactive status for five years or longer, you may need to submit a restoring application and additional documentation.

You receive an active Illinois real estate broker license by completing all the steps required by the IREC. This includes completing pre-license education, passing the state exam, and meeting the general requirements.

To reactivate an inactive broker license, you will need to go to the online services portal. Follow the directions and make sure you indicate a managing broker. Depending on how long you have been on inactive status, you may need to submit a paper application for the reinstatement of your broker license.

A managing broker license enables you to open and manage an independent brokerage. You can hire brokers to work under you.

Use the Online Services Portal to see where your broker license application stands and if you have been approved.

The IDFPR will no longer provide traditional paper licenses. Licensees may get a copy of their license(s) by going to https://www.idfpr.com/getmylicense.