TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VIII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1450 REAL ESTATE LICENSE ACT OF 2000
SECTION 1450.510 MANAGING BROKER EXAMINATION


 

Section 1450.510  Managing Broker Examination

 

a)         Each applicant for a managing broker license shall submit an application for examination as determined by the Department, including:

 

1)         Certification that the applicant is 21 years of age;

 

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

 

3)         The fee required by Section 1450.130; and

 

4)         Proof of one of the following:

 

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

 

B)        Completion of a total of 165 credit hours of instruction in real estate courses approved by the Department.

 

b)         If a person fails the examination 4 times, the person must repeat the pre-license education requirement set forth in Section 5-28 of the Act prior to taking the examination again.

 

c)         As set forth in Section 5-35(c) of the Act, the 4 year time period after the completion of pre-license education during which that education will be accepted applies to approved pre-license education, and does not apply to high school or its equivalent (e.g., GED) education.

 

(Source:  Amended at 43 Ill. Reg. 1975, effective January 25, 2019)