Broker Properties Real Without In Illinois
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To become a real estate agent in Illinois, an individual must successfully complete 75 hours of approved pre-licensing courses, pass the state licensing exam, and be sponsored by a managing broker.
To qualify for an Illinois Real Estate Broker License in the State of Illinois you must be at least 18 years old, have a Social Security Number of Individual Taxpayer Identification Number, have a high school diploma or equivalent (G.E.D.), successfully complete the required coursework, and pass the real estate ...
The agent can be a colleague, a professional, or even yourself, but you must meet the state's requirements.
An unlicensed individual is permitted to wholesale only one property within a 12-month period without obtaining a real estate broker license. If wholesaling more than one property within a year is desired, compliance involves obtaining an Illinois real estate license.
Successfully complete an approved 75 clock-hour Pre-Licensing course with 60 hours of Pre-Licensing education and 15 mandatory interactive hours. Learn more about your package options here.
No misdemeanor convictions result in an automatic refusal of licensure in Illinois. However, certain convictions will be weighed more heavily than others when your application is under review. These include convictions related to dishonesty, fraud, and embezzlement.
A sponsoring broker is an agent with their employing broker's license. They are responsible for guiding you through your first years as an agent as well as providing other business, marketing, and brand benefits. You need a sponsoring broker in order to activate your license. Still Need to Get Your Real Estate License?
How do I find a sponsoring broker to work for as a real estate... Google brokers in your area. Reach out to those 10 brokers (either by phone or email) and explain that you are about to get your license and are looking to work under a sponsoring broker. Schedule interviews with 4 or 5 of the brokers.
To find a sponsoring broker, decide what's important to you in a company (i.e., commission, training, culture). Begin researching companies online to learn about them as a whole. Schedule interviews with several local brokers, tour offices, meet agents, and learn about the agent-broker relationship.
