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ILLINOIS REAL ESTATE CONTINUING EDUCATION
$164.00
or
Enroll Now, Pay Later.
Credit:
  • 12 Hour(s) Continuing Education
Broker Management Continuing Education - Online Distance Education

Course Highlights

Online Self Paced Icon  Online Distance Education

NEW: Managing Brokers can now complete the Broker Management CE course any time with Online Distance Education. Easily complete this online course, which is broken out into shorter modules that you may complete at our own pace.  No final exam is required for this course.

This course:

  • Satisfies the 12-hour Broker Management CE curriculum requirement, which must be completed by all Managing Brokers. 
  • Is a modern, easy-to-complete, and informative course that was created just for Illinois real estate professionals.

About This Course

This engaging course will apply the law to real-life situations you are likely to experience in your practice.  You will learn:

  • How to protect your earnings in a highly regulated business environment
  • How recent amendments to the license law affect you
  • Current trends and duties of licensees representing buyers and sellers
  • How to implement sound real estate business practices
  • How to create, manage and enforce office policies
  • What managing brokers (including those who are self-sponsored) need to know to be in compliance

After completing this course, you will be issued a Certificate of Completion and the corresponding course credit will be reported to the state.

Notes:

  1. You may enroll in this 12-hour course. However, in order to renew your Managing Broker license in Illinois, you must complete a total of 24 credit hours of continuing education. Our All-in-One CE Package includes your entire requirement: 12-hour Broker Management CE plus 12 credit hours of core/elective CE.
  2. Licensees who completed the Managing Broker pre-license course during the current license renewal period are only required to complete core/elective CE.
  3. Attorneys who are currently registered to practice in Illinois are exempt from Managing Broker CE requirements.
Frequently Asked Questions

Learn more about this license type and program:

View FAQs
IL Real Estate Continuing Education

Are Real Estate Institute's courses approved by the Illinois Department of Financial and Professional Regulation (IDFPR)?

Yes. Real Estate Institute offers continuing education programs that are approved by the IDFPR and have been specifically designed to satisfy license renewal requirements.

Will the school report my credit to the IDFPR upon successful completion of my course(s)?

Yes. Real Estate Institute reports all successful course completions to the appropriate regulatory authority. We report electronically (when permitted) to ensure timely and accurate reporting.

What is the school's refund policy?

School policies, including our refund policy can be viewed here.

IL Real Estate Continuing Education - Managing Broker

What are the major changes that impact the 2021 Managing Broker license renewal?

All Managing Brokers are required to complete 12 hours of Core & Elective education as part of their education requirement. In the past, this included:

  • 3 Hours of Core A
  • 3 Hours of Core B
  • 6 Hours of Elective (or additional Core B)

Now, the IDFPR has transitioned into a new education format that includes the following:

  • 4 Hour Core (No more A and B)
  • 8 Hours of Elective

Included in the elective education must be at least 1 hour of Sexual Harassment Prevention training.

In addition to the changes listed above, the IDFPR will not permit Core or Sexual Harassment Prevention training to be offered in a self-study format.  It must only be offered in a live class, webinar or online distance education format.

How many hours do I need to renew my Managing Broker license?

Managing Brokers must complete the following:

  • 12 Hours: Broker Management - May only be completed via class or live webinar.
  • 4 Hours: Core - May only be completed in an interactive (live or online) format, not self-study.
  • 8 Hours: Electives - Must include at least 1 hour of Sexual Harassment Prevention training.

Exception: Managing Brokers who completed the 45 hour Managing Broker Pre-License course during the current renewal period are exempt from the 12 hour Broker Management CE course.  12 hours of Core & Elective education is still required.  This must include:

  • 4 Hours: Core - May only be completed in an interactive (live or online) format, not self-study.
  • 8 Hours: Electives - Must include at least 1 hour of Sexual Harassment Prevention training.

Are Managing Brokers required to complete continuing education?

Yes. Managing Brokers licensed by the IDFPR are required to complete 24 credit hours of continuing education. This includes 12 credit hours of core and elective CE plus a 12-hour Broker Management CE course (mandatory interactive course).

By what date are Managing Brokers required to complete the continuing education requirement?

Continuing education must be completed before license renewal. Managing Brokers renew every two years by April 30 (in odd years).

I'm licensed as a Managing Broker, but I'm currently sponsored by another licensee and not the managing broker of my office. Am I still required to complete the Broker Management CE course?

Yes. All Managing Broker licensees are subject to this education requirement.

I'm not active in Real Estate; do I have to take continuing education?

Yes. To renew your license you must satisfy your continuing education prior to renewal. Although you may be inactive in the real estate business, you are not exempt from the requirement (if you intend to renew your license).

Is there a process for me to "step down" from Managing Broker to Broker?

As a Managing Broker, you can certainly allow another licensee to sponsor your license so that you can act in the capacity of a Broker (without any management or supervisory responsibilities).

License law provides an option for you to return your license to the IDFPR in exchange for a Broker’s license. In order to transfer your license, you must complete the Managing Broker to Broker Transfer Application and pay the associated fees. This form is available online at the IDFPR website.

Are any Managing Broker licensees exempt from completing the continuing education requirements?

There are some cases in which a licensee may not be required to complete the full continuing education requirement.

  • Managing Broker licensees who completed the 45 credit-hour Managing Broker pre-license curriculum during the current license renewal period are exempt from the Broker Management continuing education requirement. These licensees are still required to complete 12 credit hours of core and elective continuing education.
  • All attorneys who are currently registered to practice law in Illinois are exempt from the continuing education requirement, but must submit the required renewal fee and application to the IDFPR.

Can I complete my entire 24-hour continuing education requirement via self-study?

No.  IDFPR requires that some of the required education be completed in an interactive format like Broker Management CE or the 4 hour Core course.

Is a Broker Management continuing education course required?

Yes, with limited exceptions.  The IDFPR requires each Managing Broker to complete a 12 hour of interactive Broker Management CE course (as part of the total 24-hour requirement).

Note two exceptions:

  1. Managing Broker licensees who completed the 45 credit-hour Managing Broker pre-license curriculum during the current license renewal period are exempt from the Broker Management continuing education requirement. These licensees are still required to complete 12 credit hours of core and elective continuing education.
  2. All attorneys who are currently registered to practice law in Illinois are exempt from the continuing education requirement, but must submit the required renewal fee and application to the IDFPR.

Does Real Estate Institute offer Broker Management CE programs?

Yes. Real Estate Institute offers Broker Management CE programs consistently throughout the year, not just a few months before the Managing Broker license renewal.

 

I heard that your offer a 24 Hour Managing Broker CE package that does not require a final exam. Is that true?

Yes. License law permits courses approved for interactive delivery via class or webinar, or courses offered via online distance education to not require a final exam. Therefore, if you enroll for our 24 Hour Managing Broker CE package that is via webinar and online distance education, no exam is required

What is the Flex webinar program? How is it different than live class?

Unlike a live class where you need to spend two full days at a specific location, our Flex webinar program gives students the opportunity to complete the interactive Broker Management CE requirement more conveniently. You can participate in this fully interactive online course anywhere you have Internet access; from your computer, tablet or mobile device. Our Flex webinar program is the perfect option for busy professionals who need a flexible schedule

What is the difference between self-study and online distance education?

Self-study courses allow you to define your own course of study and then demonstrate proficiency by passing a proctored final exam. Our self-study courses included printed materials that are mailed to you upon request.

Onlne distance education courses are presented strictly in an online format. You will complete the course in the sequence specified by the school and your progress will be tracked along the way. The course material is divided into section or modules of instruction, which are followed by knowledge checks that help ensure you retain and understand the course subject matter. No final exam is required for online distance education courses.

These course delivery methods are available for Core & Elective education only. Broker Management education must be offered in a live interactive format, which is either class or live webinar.

Will I receive any printed course materials if I enroll in an online distance education course?

No, online distance education courses are presented strictly in an online format. No printed materials are required or included. If you prefer to study from permitted materials, you should consider a self-study program.

Do I need a webcam or microphone in order to attend the Flex webinar program?

No. A webcam and microphone are not required; all you need is a computer, tablet or smart phone that has internet connectivity and speakers to be able to attend. You’ll be able to see the instructor on your screen but the instructor will not see you. You can communicate with the instructor by simply typing messages to which he/she will read and respond.

Does continuing education require an examination?

All state-approved real estate continuing education self-study courses require a final examination that must be proctored by an impartial third party. Course approved for interactive delivery via class or webinar, or courses offered via online distance education do not require a final examination.

What happens if I fail the final examination?

You should have no problem passing the final exams exams for self-study courses, as long as you review our course materials. Our materials include online and printed practice questions. A score of 75% or higher is required by to pass. On the rare occasion that someone does not pass, one retake of the exam is allowed on a different day.

Can I choose my own proctor for a final examination?

Yes, upon enrollment, log in to our website with your username and password to begin the process.

The online exam proctor must be a disinterested third party.  The school enforces these specific rules.

  • Students may not proctor their own examination.
  • Proctors may not be related by blood or marriage to the student.
  • Proctors may not be enrolled in the same course as the student.
  • Illinois Real Estate licensees may not proctor the exams for their sponsoring or managing broker and vice versa.
  • Proctors may not be a colleague.  A colleague is someone with whom one works in a profession or business with.  (This includes anyone who works in a licensee's office or in any capacity at their brokerage firm.)
  • The school may disapprove if a proctor for other reasons and retains the right to terminate our relationship with an approved proctor at any time for any reason.

What happens if a Managing Broker forgets to complete the continuing education requirement and renew the license? Can it be completed late?

Yes. Illinois permits late completion of your continuing education requirement (in conjunction with a late renewal of your license). Just let us know that you're completing "late CE." We'll report your completion to the IDFPR and also provide an embossed copy of your Certificate of Completion that you should include with your late license renewal paperwork and fees (which will be sent to the IDFPR for processing).

I am currently licensed in another state and applied for my Illinois license using the Illinois Reciprocity Application. Do I need to comply with Illinois' continuing education requirement (or only my home state's requirement)?

All Illinois licensees must complete the Illinois continuing education requirement during each two-year license renewal period regardless if you hold reciprocal licenses in multiple states.

Do I need to complete a Sexual Harassment Prevention course?

Yes, at least 1 hour of Sexual Harassment Prevention training is required to be completed during each license renewal period.  This course must be completed live or online. Self-study is not permitted.

Note: Currently, stand-alone Real Estate CE courses must be 2-hours or longer, thus a stand-alone Sexual Harassment Prevention course would be 2 hours.

Are Attorneys exempt from Real Estate education?

All attorneys who are currently registered to practice law in Illinois are exempt from all real estate education requirements, but must submit the required renewal fee and application to the IDFPR. Attorneys are also exempt from completing the new Sexual Harassment Prevention course.


Real Estate Institute is approved by the Illinois Department of Financial and Professional Regulation.
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