When is a real estate license required in Illinois?

Holding an Illinois broker license enables you to transact real estate on the behalf of clients. You can assist with the purchase, sale, or leasing of residential and Commercial Real Estate. You must work under the supervision of a licensed managing broker.

An Illinois broker license is required anytime you wish to assist with the purchase or sale of real estate and be financially compensated for your work.

Anytime you wish to transfer managing brokers, you need to go to the online services portal. Indicate you are making a change and pay the transfer fee.