Option 2.   45 Hr Course

Complete a 45-hour  Course offered by an approved real estate school and pass the course 75 Question Multiple choice final exam with a minimum score of 75%. (Note: Students failing may have one retake.).

Broker to Managing Broker candidates will NOT have to meet the 2 year broker experience requirement under the classroom or self study option.

Salespersons who first transition to a Brokers Licence and who then wish to obtain a Managing Brokers License will have to take this course, meet the 2 of 3 year experience requirement of either a sales and or brokers licence and take the AMP Managing Brokers state exam.                                  
                                                  Continuing Education Requirement
Anyone obtaining the managing broker license through the 45-hour transition course or through the new education and licensing process will only need the 18 hours of regular CE to renew on April 30, 2013.*
For those NOT currently licensed  then after May 1, 2011 these will be the requirements for an individual to obtain an Illinois Managing Brokers  License. Note: After April 30, 2012 a newly appointed Managing Broker may be appointed and act as a managing broker for a 90 day period while they complete the following requirements.

  • 21 years old
  • Good moral character
  • Need to be licensed at least 2 out of the 3 prior years as a broker
  • High school degree or its equivalent
  • 165 hours of pre-license education
  • 120 hours are broker pre-license
  • 45 hours additional in the year before applying for managing broker’s license.
  • Focused on brokerage administration and management and 15 hours in classroom or other interactive delivery method.
  • Take and pass exam
  • Application with sponsor card and pay fees
  • Illinois attorneys in good standing are exempt from the pre-license education requirements. You will still need a license to act as managing broker.

Chicago 312-427-6666 or  Suburban 630-627-0101
REGISTER HERE

Future  Managing Broker
Managing Brokers include any partner in a licensed real estate partnership or any managing partners or members in an LLP or LLC.  If a licensed real estate brokerage entity is owned by broker licensee(s), there must be a managing broker licensee in place to manage the real estate brokerage business of that entity. Further if the licensed real estate brokerage is a sole proprietor, that individual must hold a managing broker’s license. A currently licensed broker may transition to the managing broker and hold that license even if they are not managing, however they may not advertise themselves as a managing broker.

If you are licensed as a broker on April 30, 2011 you will have two options to transition to the managing broker license by May1 2012.
Click here to get the online or the paper IDFPR Managing Broker License Application.
                                        Option 1. PROFICIENCY EXAMINATION

Take and pass a  one time Broker to Managing Broker Proficiency Exam . This exam must be  administered by an IDFPR approved real state school. See our Prep and Test Programs designed to assist students in passing the broker to managing broker proficiency exams. Managing Broker candidates will NOT have to meet the 2 year broker experience requirement under this proficiency examination option.


REEC will notify the candidates of their score within 2 to 3 weeks of the test date, Anyone failing the proficiency exam
(candidates must have  a minimum score of 75%) must then accomplish their transition by taking Option #2  the 45 hr course.   THIS OPTION IS NO LONGER AVAILABLE AFTER MARCH 15th, 2012
                                                              Continuing Education Requirement
Generally, anyone who transitions under the proficiency exam option for the managing broker's license will be required to complete 18 hours of regular CE during the two-year pre-renewal period and also a 12-hour broker management CE course by April 30, 2013.
            $125.00
(Includes the Prep Session and the Proficiency Exam)
Broker to Managing Broker
Also Available
by Self Study and Online
1. Take and pass the Broker to Managing Broker proficiency examination and submit an application for the Managing Brokers license and the fee by April 30,           2012.        or

2.  Take only the exam portion of the 45 hour transition course and on passing that exam the attorney will need to submit the appropriate application and filing fee         by April 30, 2012.
Attorney Transition
$299.00
Click a link  Enroll Today!
$345.00
$225.00