Illinois Compiled Statutes 225 ILCS 454/5-27 – Requirements for licensure as a broker
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(a) Every applicant for licensure as a broker must meet the following qualifications:
(1) Be at least 18 years of age;
(2) Be of good moral character;
(3) Successfully complete a 4-year course of study in
(1) Be at least 18 years of age;
Terms Used In Illinois Compiled Statutes 225 ILCS 454/5-27
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(2) Be of good moral character;
(3) Successfully complete a 4-year course of study in
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a high school or secondary school approved by the state in which the school is located, or possess a State of Illinois High School Diploma, which shall be verified under oath by the applicant;
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(4) (Blank);
(5) Provide satisfactory evidence of having completed
(5) Provide satisfactory evidence of having completed
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75 hours of instruction in real estate courses approved by the Department, 15 hours of which must consist of situational and case studies presented in the classroom or by live, interactive webinar or online distance education courses;
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(6) Personally take and pass a written examination
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authorized by the Department;
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(7) Present a valid application for issuance of a
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license accompanied by the fees specified by rule.
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(b) The requirements specified in items (3) and (5) of subsection (a) of this Section do not apply to applicants who are currently admitted to practice law by the Supreme Court of Illinois and are currently in active standing.
(c) No applicant shall engage in any of the activities covered by this Act until a valid sponsorship has been registered with the Department.
(d) All licenses should be readily available to the public at the licensee’s place of business.
(e) An individual holding an active license as a managing broker may, upon written request to the Department, permanently and irrevocably place his or her managing broker license on inactive status and shall be issued a broker’s license in exchange. Any individual obtaining a broker’s license under this subsection (e) shall be considered as having obtained a broker’s license by education and passing the required test and shall be treated as such in determining compliance with this Act.
(c) No applicant shall engage in any of the activities covered by this Act until a valid sponsorship has been registered with the Department.
(d) All licenses should be readily available to the public at the licensee’s place of business.
(e) An individual holding an active license as a managing broker may, upon written request to the Department, permanently and irrevocably place his or her managing broker license on inactive status and shall be issued a broker’s license in exchange. Any individual obtaining a broker’s license under this subsection (e) shall be considered as having obtained a broker’s license by education and passing the required test and shall be treated as such in determining compliance with this Act.