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
a) Each applicant for a managing broker license shall submit an application for examination as determined by the Division or its designated testing service, including:
1) Certification that the applicant is at least 20 years of age;
2) Certification of successful completion of a four-year course of study in high school or secondary school or an equivalent course of study;
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 Division.
b) If a person fails the examination four consecutive 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 2-year time period after the completion of pre-license education during which that education will be accepted applies to approved pre-license education.
(Source: Amended at 45 Ill. Reg. 2851, effective February 23, 2021)