Illinois Real Estate Transition Information

Salesperson to Broker

Salesperson can transition to a Broker by either:

• 1. Passing the Illinois Real Estate Proficiency Exam prior to 3/15/2012
  (NO RETAKES- if licensee fails the Proficiency Exam they must complete the 30hr. course and school exam)
• 2. Completing 18hrs. of Continuing Education (CE) (9 core & 9 elective) prior to 4/30/2012

OR



• 1. Completing a 30hr. course (15hrs. must be in live classroom or interactive)
• 2. Pass the school's Final Exam
• NO Continuing Education (CE) is required if trasitioning using this method.

Brokers Licensed on or Before 4/30/2011 (and do not want to become a Managing Broker)

• Complete 12hrs. of Continuing Education (CE) (6 core & 6 elective) prior to 4/30/2012

Brokers Licensed on or before 4/30/2011 who WILL transition to Managing Broker

Brokers can transition to a Managing Broker by either:

• 1. Passing the proficiency exam prior to 3/15/2012
  (NO RETAKES- if licensee fails the Proficiency Exam they must complete the 45hr. course and school exam)
• 2. Applying for the Managing Broker's License prior to 4/30/2012
• 3. Successfully completing 18hrs. of Continuing Education (CE) on or before 4/30/2013
• 4. Successfully completing 12hrs. of Broker Management (classroom or interactive) course on or before 4/30/2013

OR



• 1. Successfully completing 45hrs Transition Course & Exam (school exam) prior to 4/30/2012
• 2. Appyling for Managing Broker's License prior to 4/30/2012
• 3. NO BROKER MANAGEMENT COURSE REQUIRED
• 4. Successfully completing 18 hours of CE (9 Core & 9 Elective) on or before 4/30/2013