Illinois License Law
What is the Illinois 'pre-license education' requirement for broker license applicants?
A24 hours at an accredited college
B75 hours of IDFPR-approved pre-license education covering required topics✓ Correct
C40 hours of online coursework from any provider
D120 hours at an approved school plus passing a national exam
Explanation
Illinois broker license applicants must complete 75 hours of IDFPR-approved pre-license education. The curriculum covers topics including real estate fundamentals, contract law, financing, fair housing, property management, and Illinois-specific law.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Math Concepts
State-Specific Concepts
Pre-License EducationBroker Supervision
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