GET YOUR BROKER LICENSE
Your first step in starting your new career is to get your Illinois Real Estate Broker License. If you are at least 21 years old with a high school diploma or equivalent (G.E.D.), you are eligible to sign up for the required 90-hour broker course through an approved licensing school. Once completed, you’ll then need to take and pass a written examination authorized by the Illinois Department of Financial and Professional Regulation (IDFPR).
Baird & Warner provides approved pre-licensing courses in a classroom setting geared toward adult learners who plan to take the state exam.
PLAN YOUR BUDGET
It is important to know that a career in real estate requires an investment. Here is a list of typical expenses:
∙ Pre-licensing and state exam
∙ National Association of REALTORS® dues
∙ Illinois Association of REALTORS® dues
∙ Local Association of REALTORS® dues
∙ Errors & omissions insurance
∙ Multiple listing service (MLS) access fees
∙ Insurance (health, disability and auto)
∙ SentriLock® keycard access fees
∙ Company or franchise fees
∙ Technology-related expenses such as a cell phone or laptop
∙ Personal promotion and advertising
The list of fees will vary depending on the local association and the brokerage. Please note that it is imperative to have a few months income saved up because it will take at least 60-90 days before commission income begins, no matter which company you join.
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