Section 1450.65  Salesperson and Broker Examinations

a)         Each applicant for a salesperson's license shall file an application for examination as determined by the designated testing service. The application shall include:

1)         Certification that the applicant is 21 years of age or 18 having attained the education required by Section 5-25 of the Act.  Forty-eight semester hours shall meet the minimum requirements of Section 5-25.

2)         Certification of graduation from high school or its equivalent (e.g., GED).

3)         The required fee as provided in Section 1450.95 of this Part.

4)         Proof of one of the following:

A)        Currently admitted to practice law by the Supreme Court of Illinois;

B)        Completion of at least 45 class hours of instruction in real estate courses approved by the Advisory Council;

C)        Completion of a correspondence course approved by the Advisory Council in accordance with Section 1450.295 of this Part; or

D)        Evidence of receiving a baccalaureate or master's degree from a college or university in accounting, real estate, law, finance, business, or other degrees approved by the Division.

b)         Each applicant for a broker's license shall file an application for examination as determined by the designated testing service.  The application shall include:

1)         Certification that the applicant is 21 years of age or 18 having attained the education required by Section 5-25 of the Act.  Forty-eight semester hours shall meet the requirements of Section 5-25;

2)         Certification of graduation from high school or its  equivalent (e.g., GED);

3)         The required fee as provided in Section 1450.95 of this Part;

4)         Proof of one of the following:

A)        Currently admitted to practice law by the Supreme Court of Illinois;

B)        Completion of at least 120 hours of instruction in real estate courses approved by the Advisory Council in accordance with Section 1450.275;

C)        Completion of a correspondence course approved by the Advisory Council in accordance with Section 1450.295 of this Part; or

D)        Evidence of receiving a baccalaureate or master's degree from a college or university in accounting, real estate, law, finance, business, or other degrees approved by the Division.

c)         Applicants who complete the instruction described in subsection (b)(4)(B) after the final filing date for an examination will be permitted to submit proof prior to the examination, subject to the late fee and late proof procedures established by the testing service designated by the Division.

d)         If an applicant has failed an examination 3 times, the applicant must repeat the pre-license education in order to be readmitted to sit for the examination.

e)         Pursuant to Section 5-35(c) of the Act, the 3 year time period does not apply to education earned as part of a baccalaureate degree program.

(Source:  Amended at 30 Ill. Reg. 11075, effective June 8, 2006)