Broker Post License Applied Broker Principles
In this course you'll apply your knowledge of the license act, real property, brokerage types, taxes affecting real estate, business skills, and broker practice through exercises, role-play activities, situational simulations, and case studies.
This course provides the 15 hours of instruction required as part of the 45-hour post-licensing education requirement in Illinois.
45-hour Post-License education is for licensed brokers in their first renewal cycle. You must have been issued your 475 license number prior to taking this course. Those without a license number will not receive credit.
Course highlights:
- Teams and team marketing
- Disclosing contemporaneous offers
- Exclusive brokerage agreements
- Escrow accounts
- Residential, commercial, industrial, agricultural and special properties
- Developing competency in real estate specialties
- Property and transfer taxes
- The 1031 tax-deferred exchange
- Business and financial planning
- Technology tools, including CRM software
- Obtaining and marketing listings
- Building market knowledge
- Open house tips
- Short sales and foreclosures
State Requirements For Illinois
Illinois State Requirement Details for Real Estate Broker Post-Licensing Education
Hours Required by the State: 45 hours
- 15-hour course on Applied Brokerage Principles
- 15-hour course on Risk Management/Discipline
- 15-hour course on Transactional Issues
The Post-License curriculum includes the required 1 hour of Sexual Harassment Prevention Training.
Note: Brokers receiving their initial broker license are required to complete the 45-hour post-license education during their first license term and are not required to complete any other CE during that license term. If an individual receives the initial broker license within 180 days preceding the first broker renewal deadline, the broker must complete the 45-hour post-license education prior to the second broker renewal deadline.
Illinois Department of Financial and Professional Regulation Division of Real Estate
Street Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786
Mailing Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786
Telephone: (800) 560-6420
Email: fpr.realestate@illinois.gov