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Illinois Real Estate: Licensing

Frequently Asked Questions

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Illinois Real Estate Pre-License FAQs
Introduction    (click an item to see more info)
  1. Is Real Estate Institute approved by the IDFPR as a pre-license school?
    Yes. Real Estate Institute is an approved pre-license school (#510.000158). We offer courses that are required as prerequisites for the Leasing Agent, Broker, and Managing Broker licensing examinations.
    Last Updated: 3/28/2011
  2. What's the best way to determine which real estate license I should consider?
    We recommend that you review our license comparison. We have designed well organized, high quality programs for each Illinois real estate license type. Pleae see below for additional FAQs for each license type.
    Last Updated: 7/10/2014
  3. What makes your school different from the others?
    Our quality programs, dedicated and knowledgable instructors,, and outstanding service set our school apart. When you successfully complete our course, you will have all the knowledge you need to pass the state examination. Quizzes for each homework lesson allow students to see how they are doing as they progress through the course. Along with the reinforcing tools included with our programs, qualified instructors are available to provide additional assistance. Real Estate Institute offers students all these additional resources for one simple reason: we want you to pass the state examination!
    Last Updated: 7/10/2014
  4. Is Real Estate Institute owned by a real estate brokerage company?
    No. We are an independent school, licensed and approved by the State, as is our coursework. We are not here to recruit you into the real estate business. We are here to help students obtain or meet their real estate education requirements.
    Last Updated: 3/28/2011
  5. Must I be a citizen of the United States or Illinois to hold a Real Estate License in Illinois?
    No. To hold an Illinois real estate license, the state requires that you meet the age and education requirements, have a Social security number, and be of good moral character.
    Last Updated: 3/28/2011
  6. Where can I find more information about Illinois real estate licensing?
    You will find a wealth of information throughout our website and frequently asked questions. Additional information may be available directly at Illinois Department of Financial and Professional Regulation's website.
    Last Updated: 3/28/2011
  7. Does Illinois offer license reciprocity with any other states?

    Illinois offers Reciprocity if you are already licensed in some other states. Please view these details at the IDFPR website and contact the IDFPR to discuss your specific licensing requirements. IDFPR-approved coursework and examinations may still be required for you to earn a license in Illinois.

    Last Updated: 1/14/2013
  8. Does your school offer financial aid or can I pay the course tuition over time?

    We have partnered with Affirm, who offers financing options that enable our students to enroll today and pay later. This extends our traditional payment options, such as credit/debit cards and cash.

    Click here to learn more.

    Last Updated: 6/17/2016
Illinois Residential Leasing Agent License    (click an item to see more info)
  1. Who is required to hold a Leasing Agent License?
    Anyone not licensed as a Broker or Managing Broker who is performing leasing activities for a person or entity other than the owner of the property.
    Last Updated: 3/28/2011
  2. What are the State's requirements for me to become a Residential Leasing Agent?
    State law requires that the
      Applicant must be 18 years of age or older, Applicant must have completed high school or its equivalent, Applicant must have a Sponsoring Broker, Applicant must successfully complete a 15-credit hour Real Estate Leasing Agent License Course through self-study or classroom, and Applicant must pass the State regulated examination.
    Last Updated: 3/28/2011
  3. What properties (firms) must hold a real estate license and are required to employ licensed agents?
    Any individual or firm engaged in leasing activities for properties in which it does not have an ownership interest, must hold a broker’s license. All active owners, partners, or officers, must hold broker’s licenses. All employees conducting any leasing activities must hold some type of real estate license (Leasing Agent, Broker, or Managing Broker).
    Last Updated: 3/28/2011
  4. Is it possible to be exempt from the state rules governing leasing agent licensing?
    Yes, under Illinois law the following individuals are exempt:
    1. Those employed directly by the property owner.
    2. Those employed by an entity owned by the property owner.
    3. Leasing agents living at the property they are leasing, and are acting as residential manager.
    Last Updated: 3/28/2011
  5. What are to be considered leasing activities?
    Leasing activities include:
    1. Leasing or renting residential property
    2. Collecting rent for the use of residential property, and
    3. Attempting, offering, or negotiating to rent, lease, or collect rent for the use of residential property.
    Last Updated: 3/28/2011
  6. What is the company required to do when hiring a new employee who will work as a leasing agent?
    The company must file a 120-day Leasing Agent Permit/Application with the IDFPR for the new employee. A copy of this document is available at the IDFPR website.
    Last Updated: 3/28/2011
  7. If I am already employed, do I need to register for a residential leasing agent license course?
    Yes, if you are acting in a capacity that requires you to be licensed. To comply with current law, any agent required to hold a license should immediately register as a student and begin pursuing the process of obtaining a license.
    Last Updated: 3/28/2011
  8. If I already have a Real Estate Broker License (formerly known as a Salesperson), do I need to get a Leasing Agent license?
    No, a Broker license allows you to act as a leasing agent.
    Last Updated: 3/28/2011
  9. Can I get a Real Estate Broker License instead of getting a Residential Leasing Agent License?
    Yes. The Real Estate Broker License also allows leasing activities, so you will still be in compliance with Illinois license law if you choose to obtain a Broker license rather than a Leasing Agent license.
    Last Updated: 3/28/2011
  10. Does Real Estate Institute offer a state-approved pre-license course for Residential Leasing Agents?

    Yes, our state-approved programs are specifically designed for individuals seeking to become licensed residential leasing agents in Illinois.

    Last Updated: 5/11/2017
  11. What will I learn in the Leasing Agent licensing course?
    You will learn about real estate license law, fair housing, and contract law as applied to leases.
    Last Updated: 3/28/2011
  12. Can I complete all the coursework online via self-study?

    Yes, we do offer a leasing agent pre-license course that may be completed entirely through self-study. Learn more about our self-study course.

    Last Updated: 5/11/2017
  13. How long do students typically take to complete the Leasing Agent licensing course?

    It’s typical for students to successfully complete our self-study course in two weeks or less. Students who attend our classroom program will finish in two days.

    Last Updated: 5/11/2017
  14. Where can I take my course final exam?

    For students who reside in the Chicagoland area, we offer testing at our school locations. Testing is scheduled by appointment only. Real Estate Institute also works with a network of proctors outside the Chicagoland area (mostly libraries and universities) that can administer your final exam on our behalf. We can accomodate students throughout the country. Please call our school for more information.

    Last Updated: 3/16/2017
  15. What happens after I pass my course final exam with Real Estate Institute?

    After you pass our pre-license course final exam, you will be issued a transcript that authorizes you to attempt the state examination. The state examination is offered daily at locations throughout the state. We will provide detailed information regarding the state exam upon you successful course completion.

    Last Updated: 5/11/2017
  16. I tend to learn better in a structured, classroom environment. Do you offer a live class for the Leasing Agent Pre-License requirement?

    Yes. We offer two convenient programs to meet your individual learning needs. You can satisfy your entire 15 credit-hour Illinois pre-license education requirement by completing our self-study or two-day class.

    Click here to learn more about both options

    Last Updated: 5/11/2017
Real Estate Institute is approved by the Illinois Department of Financial and Professional Regulation.
IDFPR Approved #510.000158.