How long does it take to get real estate license in Illinois?

How many hours does it take to get your real estate license in Illinois?

The requirements to become a real estate agent in Illinois are clear – be 18 or older, graduate from high school, complete 75 hours of pre-license coursework and finally, complete the Illinois real estate license application.

How long is the Illinois real estate course?

Illinois requires two courses to get your real estate license: a 60-Hour Broker Pre-License Topics course and a 15-Hour Applied Real Estate Principles course. The CE Shop is an approved real estate school in Illinois; license number 510.000236.

Is the Illinois real estate exam hard?

The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.

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Do real estate agents get paid hourly?

No, real estate agents do not get paid hourly. Instead, agents work on a commission basis. The amount of money an agent earns in commission will depend on various factors and will likely be different for every agent.

What does real estate school cost?

On average, real estate school costs between $100 and $900, though your costs will vary by state and school. What is this? Online real estate courses are often priced a little differently than on-campus classes, and some are available in a video-only format, which can save you money on textbooks.

How much does a realtor make in Illinois?

The average salary for a real estate agent in Illinois is around $51,155 per year.

How fast can you become a real estate agent?

You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.

Can you take the real estate exam online Illinois?

Pass the Illinois Real Estate Broker Examination

You will have 3.5 hours to take this 140-question test comprised of two portions, covering both state and national requirements. … Beginning Saturday, October 16th, 2021 – Students will be able to take remote proctored exams.

How many times can you take the real estate exam in Illinois?

How many times can I take the state exam? The state exam has two sections; a general section and an Illinois specific section. You must pass each section with a minimum grade of 75%. If you fail the exam, you may retake the exam 3 more times (total of four times).

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Which state has the hardest real estate exam?

Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted. In contrast, most other states require less than 100 education hours, with the majority falling with the 40-hour requirement.

What is the highest paying job?

Highest-Paying Careers

Rank Occupation 2020 Median wages
Annual
1 Anesthesiologists $100.00+
2 General Internal Medicine Physicians $100.00+
3 Obstetricians and Gynecologists $100.00+

Do real estate agents get paid if they don’t sell?

Listing agreements vary and each is individually negotiated. They may include contingencies that require sellers to pay a commission even if the home doesn’t sell.

Do Realtors keep all commission?

Most real estate agents don’t get to keep all of their commission when a home sale closes. Instead they must split the commission with their principal broker — which is a real estate professional that holds a broker’s license and is therefore qualified to supervise real estate transactions.