Multiple-choice: This part of the exam contains 40 multiple choice questions covering Illinois laws and rules.
The exam is similar
to the state portion of the Salesperson license exam.
Simulation: This part of the exam is based on material considered to be national in scope. The candidate is presented with 10 simulation
problems. Eight problems are scored and two are being considered for use in a future exam. Each problem presents a scenario simulating a
potential real life situation that a licensed broker may encounter when practicing real estate. The candidate will be required to gather information
by selecting questions to ask (a prospect, customer, or other persons involved in the scenario). Each question will reveal a response. Based on the
responses, candidates will earn or lose points based on his or her selections. Points are earned by choosing to ask appropriate questions
and making good decisions. Points are subtracted by choosing to ask inappropriate questions and making bad decisions.
In addition to learning the required subject matter, candidates will find it necessary to prepare and become familiar with this unique
type of examination.
To pass the examination and qualify to receive a broker license, candidates must score 75% or higher on the multiple-choice portion of the examination.
In addition, the candidate must score enough points throughout the simulation to meet a minimum standard which has been established by the testing agency.
Three attempts are permitted before the candidate is required to repeat the pre-license education requirement.
