Starting a real estate career in Chicago is an exciting move. Whether you’re switching careers or entering the workforce, getting your real estate broker license in Chicago opens the door to opportunity. But before you can begin selling homes or helping clients with their next investment, you need the right license.
Let’s break down the steps, course options, and what you can expect during the licensing process in Chicago, Illinois.
What Is a Real Estate Broker License?
In Illinois, a real estate broker is licensed to help buyers and sellers with property transactions. Brokers can also work independently or under a managing broker. To become licensed, you must meet specific educational and legal requirements set by the Illinois Department of Financial and Professional Regulation (IDFPR).
Who Can Apply for a Real Estate Broker License in Chicago?
To be eligible, you must:
- Be at least 18 years old
- Hold a high school diploma or equivalent
- Have a Social Security number or ITIN
- Complete a 75-hour pre-license course from a state-approved school
- Pass the state licensing exam
Once licensed, you must work under a managing broker unless you later upgrade your license.
Step-by-Step Process to Get Licensed in Chicago
Step 1: Complete a 75-Hour Pre-License Course
The 75-hour course is your first required step. This includes:
- 60 hours of classroom or online learning
- 15 hours of interactive learning (live webinar or classroom session)
Topics covered include:
- Real estate principles
- Property law
- Contracts
- Agency relationships
- Illinois license law
- Fair housing and ethics
Most schools offer flexible formats like live Zoom classes, weekend sessions, or self-paced online study.
Step 2: Pass the Final Course Exam
Once your course is complete, you’ll take a school-administered final exam. Passing this exam qualifies you to register for the state exam. If you don’t pass, you can usually retake it.
Step 3: Register for the State Exam
You’ll schedule your Illinois state licensing exam through PSI Exams. The test consists of national and state-specific questions. You need a passing score on both sections to qualify for a license.
Test centers are located throughout Chicago and nearby suburbs. Results are given immediately after completion.
Step 4: Choose a Sponsoring Managing Broker
Before applying for your license, you must choose a sponsoring managing broker. This step connects you with a licensed real estate company where you’ll legally practice.
Research brokerages that match your goals. Consider their training, commission splits, culture, and marketing support.
Step 5: Apply for Your License
After passing the state exam and choosing your broker, apply online through the IDFPR portal. Include:
- Proof of course completion
- Exam results
- Sponsorship details
- Application fee
Once approved, your license will be issued electronically.
Best Places to Take Your Broker Pre-License Course in Chicago
There are several state-approved real estate schools in Chicago. These institutions offer options like:
- Live instructor-led webinars
- Evening or weekend classes
- Home-study materials
- Online platforms with 24/7 access
Look for schools that provide:
- Practice test questions
- Live instructor support
- Flexible payment plans
- High first-time exam pass rates
Student reviews, instructor quality, and post-course support also matter. Some schools even offer one-on-one tutoring and job placement help.
What Does It Cost to Get a Broker License in Chicago?
Here’s a basic breakdown of costs:
- Pre-License Course: $350 – $600
- State Exam Fee: $58
- License Application Fee: $125
- Fingerprinting (background check): $50 – $75
Total estimated cost: $600 – $850
Some schools offer payment plans or 0% interest options through PayPal or Affirm. Be sure to ask.
How Long Does the Process Take?
Most people complete their pre-license course in 4–8 weeks. If you study full-time, you can finish faster. Add 1–2 weeks for exam scheduling and license processing. On average, expect the full process to take 6 to 10 weeks.
Benefits of Becoming a Licensed Real Estate Broker in Chicago
A broker license gives you access to:
- High-earning potential through commission
- Flexibility in work hours
- Opportunities for career growth
- The ability to join the local MLS
- A chance to work with builders, investors, and developers
With Chicago’s booming property market and growing suburbs, the demand for licensed professionals remains high.
What to Expect After Getting Your License
Once licensed, your journey begins. You’ll work with clients, market listings, and build your brand. Many brokerages offer training programs, lead generation, and mentorship to help you succeed. Your first year is about learning, networking, and staying consistent.
Conclusion
Getting your real estate broker license in Chicago is a smart move. With the right course, dedicated study, and a solid broker partner, you’ll be ready to succeed in Illinois’s competitive real estate market. Now is the time to take the first step.
Start your career the right way with a real estate broker license in Chicago. Choose the right school, complete your education, and open the door to exciting opportunities today.