5 steps to get your Real Estate Broker License

Posted by Inland Real Estate School INC. on September 26th, 2018

It is a process and each step has to be followed quite carefully, you start with:

1. Finishing the pre licensing course

Broker candidates must successfully take 90 hours of pre-licensing courses from an approved Illinois Department of Financial and Professional Regulation (IDFPR) real estate education provider like The Inland Real Estate School. The course work includes 75-hour Real Estate License Chicago Topics and a 15-hour interactive course in Applied Real Estate Principles. For the 15-hour interactive course, you will be provided a link to sign up for a live webinar session over 3-4 days. It is recommended not to complete the 15-hour interactive course until you are approximately 90% through the 75-hour course.

2. Complete final exams

After completing your coursework, meeting the time requirements, and passing your practice exams, you can take the final course exams for Real Estate Broker License. Each final must be taken in the presence of a proctor and has an exam fee of per exam. To pass the test for Real Estate Broker License, your score must be at least 75%. For the state of Illinois, online proctoring is allowed.

Take and pass real estate broker exam

The exam for Real Estate License Chicago is administered by PSI (formerly AMP). The Illinois Real Estate Broker Examination consists of two portions: the National Broker Portion, comprised of 100 questions used to compute your score and the State Broker Portion, containing 40 multiple-choice questions. The time took into consideration for two segments of the examination is 3.5 hours. Notwithstanding the inquiries used to process your score, the examination may incorporate five inquiries that are being "pre-tried" for use in future variants of this examination. These pre-test questions are not identified, and your answers to them do not affect your score. Sometimes it is called the exam for Real Estate Post License Course.

4. Apply for the license within a year of passing the exam

After you’ve passed both sections of the Real Estate Post License Course, you have up to one year to apply for your Real Estate Broker License.

5. Get sponsored by a mange broker

After completing the Real Estate Post License Course, you would need to be sponsored by a managing broker. Just like anything in life, there’s no such thing as a one-size-fits-all managing broker. Do your research to ensure that the managing broker you choose represents your values, interests, and market niche. Looking for questions to ask? Start off with these:

• What is their reputation, both locally and broadly?
• What sort of real estate specialists they are searching for?
• Are they technologically progressed and fully informed regarding the most recent frameworks?
• How do they support their agents with instruction and preparing?
• What sort of commission structure do they offer?
• Do they offer other benefits?
• Do they provide their specialists with leads and promoting material?
• Is there space to develop with the brokerage?

If you are looking for online Real Estate Post License Course, Inland Real Estate School is the best option. They have the most experienced folks in team, check more at http://inlandreschool.com/ or call 877-990 8409 (toll free).

For more information about Real Estate License Chicago Please visit http://inlandreschool.com/