Becoming a managing broker in simple steps
In order to qualify your age must at least be 21 years and you should have high school diploma. Moreover, candidates must have an active and valid managing broker license Illinois and be licensed as a broker for two of the past three years, you may need to pursue managing broker courses Illinois from a renowned Illinois real estate institute.
2. Finish managing broker courses Illinois:
Managing broker candidates must successfully complete 45 hours of pre-licensing managing broker courses Illinois from an approved Illinois Department of Financial and Professional Regulation (IDFPR) Illinois real estate institute (like The Inland Real Estate School). The coursework includes 30 hours of Managing Broker Pre-Licensing Topics and a 15-hour interactive course in Managing Broker Pre-License Applied Management and Supervision.
You would be given a link to a live webinar for the 15 hour interactive course. You should not take on this webinar until you are 90% done with your 30 hour course. Inland Real Estate School offers unique managing broker courses Illinois specifically designed to help real estate professionals like you succeed. Our managing broker courses Illinois use real scenarios and practical exams to not only ensure that you’re prepared for your exam but also lay a proper foundation that you’ll need in your new career as a managing broker once you get the managing broker license Illinois.
3. Finish the course final exams:
Final exam would kick in once you are done with all the course content, fill the minimum time requirement and pass through the practice exam. The passing score for this exam must be at least a 70%. There is a $25 fee per exam. Passing through this exam is mediatory for those seeking managing broker license Illinois.
4. Plan and take the state licensing exam:
PSI (formerly AMP) administers the Illinois managing broker state exam. You can look for all the information about the exam in the handbook for candidates, provided by the organization. Only chose an approved Illinois real estate institute for the courses.
5. Apply for your managing broker license Illinois:
After you have successful passed your managing broker exam with PSI, you would be given directions in your score report on how to apply for your managing broker license Illinois. Post that you need to hand over the course material and pay your licensing fee and you are all set to become a licensed managing broker.
Searching for an approved Illinois real estate institute? Get to https://inlandreschool.com/ OR Call 877-990-8409.