How do I become a managing broker in Illinois?

To become a managing broker in Illinois, you must hold an active broker license for at least two years within the past three, complete a 45-hour Illinois-approved managing broker pre-license course , and pass the state licensing exam administered by PSI.

What are the requirements to qualify for the Illinois managing broker license exam?

You must: Be at least 20 years old Hold an active Illinois broker license for two of the past three years Complete the 45-hour managing broker pre-license course Pass the Illinois Managing Broker Licensing Exam

Can I complete my Illinois managing broker course online?

Yes! Perry Real Estate College offers a fully online, IDFPR-approved 45-hour course that meets all state requirements. Our flexible courses let you learn on your own schedule and are accessible from any device.

How long does it take to complete the Illinois managing broker pre-license course?

Most students complete the 45-hour course in 2–4 weeks, depending on their schedule. At Perry Real Estate College , our flexible online format allows you to study at your own pace.

How much does the Illinois managing broker course cost?

Our 45-hour Illinois Managing Broker Pre-License Package is affordably priced and includes all course materials, interactive hours, and exam prep. Check our website for the latest pricing and promotions.

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100% online, self-paced 45-hour managing broker course
24/7 instructor support
Trusted source for brokers & managing brokers in Illinois
IDFPR Approval #513.002259 & 513.002260

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Self-Paced & 100% Online

Our real estate courses are designed for complete flexibility and can be completed in just a few weeks. The course is 100% online & completed on your schedule.

High Pass Rates

Our high pass rates make us the most trusted provider for real estate brokers in Chicago, Aurora, Joliet, Naperville, Rockford, Elgin, Springfield, Peoria, and Champaign.

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Unlike other providers, our support staff are just a call away around-the-clock to help with any of your real estate questions.

how to get a real estate Managing broker license in Illinois

Enroll in our Illinois Managing Broker Licensing Course today! You must be 18 years or older and have a high school diploma or GED equivalent and have been licensed as a broker for 2 years.

Complete 45 hours of pre-licensing education

Perry Real Estate College offers this course completely online and self-paced. View Course Details.

Complete the course final exam

After you finish the course, you will need to take an online exam and pass with a minimum score of 75%.

Pass the Illinois Real Estate Exam

PSI administers the in-person state licensing exam. There are 140 questions based on the content outline. You will have 4 hours to complete the exam.

Complete a background questionnaire

After you finish the examination, you will be required to answer a background questionnaire about criminal convictions or debts for taxes or child support. You will then be given instructions on applying to the Illinois Department of Financial & Professional Regulation (IDFPR) and the Division of Real Estate online.

Submit your license application

Complete the licensing process by submitting your licensing exam results to IDFPR along with the license fee of $150.00.

WHY CHOOSE PERRY REAL ESTATE COLLEGE?

We know it can be scary to take an online course and it's easy to feel like you are alone in the process. Our student support is just different, you won't find another school out there that supports you like we do.

Day or night, seven days a week, every time you call, you'll be greeted by a real person - not a machine. The person you talk to will be an expert and able to help you right away. The other schools only answer when it is convenient for them and you'll have to wait days to get a response from an instructor, if at all.

We're a family-owned business, genuinely invested in seeing you achieve your goals. Come see why we are the trusted source for successful agents and brokers.

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ABOUT OUR Illinois Real Estate managing Broker Course

We have a comprehensive real estate course that will prepare you for the exam and get you ready to open your own brokerage. Our course covers the following topics: becoming a licensed real estate broker, opening a real estate office, owning a brokerage, managing agents, supervising a real estate office, escrow management, disciplinary processes, agency relationships, disclosure requirements, real estate contracts, and more.

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frequently asked questions

How do I become a managing broker in Illinois?
To become a managing broker in Illinois, you must hold an active broker license for at least two years within the past three, complete a 45-hour Illinois-approved managing broker pre-license course, and pass the state licensing exam administered by PSI.
What are the requirements to qualify for the Illinois managing broker license exam?
You must:

Be at least 20 years old
Hold an active Illinois broker license for two of the past three years
Complete the 45-hour managing broker pre-license course
Pass the Illinois Managing Broker Licensing Exam
Can I complete my Illinois managing broker course online?
Yes! Perry Real Estate College offers a fully online, IDFPR-approved 45-hour course that meets all state requirements. Our flexible courses let you learn on your own schedule and are accessible from any device.
How long does it take to complete the Illinois managing broker pre-license course?
Most students complete the 45-hour course in 2–4 weeks, depending on their schedule. At Perry Real Estate College, our flexible online format allows you to study at your own pace.
How much does the Illinois managing broker course cost?
Our 45-hour Illinois Managing Broker Pre-License Package is affordably priced and includes all course materials, interactive hours, and exam prep. Check our website for the latest pricing and promotions.