Marco Polo Real Estate School

To become a licensed Broker in Illinois, the IDFPR requires:

• Age: Must be at least 18 years old.
• Education: High School Diploma or GED equivalent.
• Pre-License Course: Completion of 75 Hours of approved education (60 hours Topics + 15 hours Interactive).
• Examination: Pass the Illinois Real Estate Broker Exam (PSI).
• Sponsorship: You must be sponsored by a Managing Broker to activate your license.

Brokers renewing for the first time must complete 45 hours of Post-License education before their first expiration date (typically April 30th of even years).

• Transactional Issues: 15 Hours
• Applied Brokerage Principles: 15 Hours
• Risk Management/Discipline: 15 Hours (Includes Sexual Harassment Training)

To upgrade your license to Managing Broker status, you need:

• Experience: Must have been licensed as a Broker for 2 of the last 3 years.
• Education: Completion of 45 Hours of Managing Broker Pre-License education.
• Exam: Pass the state Managing Broker licensing exam.

Perfect for those focusing exclusively on residential rentals and property management support.

• Coursework: Complete a 15-hour state-approved program.
• Exam: Pass the Residential Leasing Agent exam within 120 days of beginning activity.
• Scope: Limited to leasing and renting residential real property.

Standard Broker Renewal Requirements (Every 2 Years):

• 12 Total Hours: 4 Hours Core + 8 Hours Electives.
• Mandatory: 1 Hour of Sexual Harassment Prevention Training is required for ALL renewals.
• Deadline: Licenses expire April 30th of even-numbered years.