SALESPERSON LICENSE AS OF 4/30/2011If you have a salesperson license as of 4/30/11 the expiration date will automatically be extended til 4/30/12 at which time it will terminate and can not be renewed. You will need to upgrade to a Brokers License to continue to practice real estate in Illinois. |
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SALESPERSON UPGRADE TO BROKER FROM 5/1/2011 to 4/30/2012There will be 2 choices to upgrade: 1st choice; Pass a proficiency exam AND complete 18 hours of CE (9 core and 9 elective)(you will only be allowed one time to take the proficiency exam, if you fail you must take the 30 hour course and then pass the exam). 2nd choice; Complete a 30 hour course AND exam. |
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CURRENT BROKER LICENSEES REMAINING BROKER LICENSEESIf you have a Brokers License as of 4/30/2011 and do not plan on upgrading to a Managing Broker License by 4/30/2012, you will need to complete 12 hours of CE (6 core and 6 elective) and be sponsored by a Sponsoring Broker for your 4/30/12 renewal. |
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REGISTERED BROKERS AS MANAGERS W/IDFPR AS OF4/30/2011 UPGRADING TO MANAGING BROKER LICENSE If you are registered as a manager of an office with the IDFPR on 4/30/2011 and will upgrade to the Managing Broker License, you have 2 choices. 1st choice; Pass a proficiency exam AND complete 24 hours of CE (6 core, 6 elective, and 12 Broker Management)(you will only be allowed one time to take the proficiency exam, if you fail you must take the 45 hour course and then pass the exam). 2nd choice; Complete a 45 hour course plus exam AND 12 hours of CE (6 core and 6 elective). |
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SOLE PROPRIETOR SELF SPONSORED BROKERS AS OF 4/30/2011You will be considered a registered manager with the IDFPR on 4/30/2011 and the above choices to upgrade will apply. You will be required to upgrade your license to the Managing Broker License by 4/30/2012 to continue to sponsor yourself OR you do not have to upgrade but will need to be sponsored by another sponsoring broker as of 4/30/2012 to renew your license. |
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ALL OTHER BROKERS WANTING TO UPGRADE TO A MANAGING BROKERS LICENSEThis includes all Broker Associates, even those who are the owners/principals/shareholders/partners/members/etc. of any legal entity that is the sponsoring broker, who have a brokers license but not registered as a manager for an office with the IDFPR as of 4/30/2011 and want to upgrade to the Managing Broker License you will need to complete a 45 hour course plus exam AND 24 hours of CE (6 core, 6 elective, and 12 Broker Management). This is and will be the upgrade requirement for the transition period (5/1/2011 to 4/30/2012) and for everyone as of 5/1/2012 and beyond. |
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