Illinois Section I study guide
Illinois real estate licensing requirements
Passing the exam, holding a license and being allowed to work are three different things. Start each Illinois licensing question with the activity and the person's current authority. Then apply the education, sponsorship or reporting rule that fits that person.
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The short answer
The standard Illinois broker path requires age 18, the prescribed school qualification, 75 approved pre-license hours, the required exam, an application and fee. Licensed work also requires valid registered sponsorship. Exemptions, limited leasing authority, first-term education and later renewals have separate conditions. Exam passage alone does not activate a license, and an unexpired credential can still be inactive.
Reviewed October 25, 2026. PSI Section I, Licensing Requirements, accounts for four of 40 scored Illinois broker questions, or 10% of that portion. The managing broker/instructor allocation is different. This is an overview of the standard broker path and related roles; exceptions, endorsement and individual license records require their own facts.
Eight checks for an Illinois licensing question
- Identify the activity. The ordinary broker definition addresses specified real estate work for another for compensation or expected compensation. Noncash benefits can matter. A separate provision covers a pattern of dealing in specified assignable contracts or options, for oneself or another, on two or more occasions in any 12-month period. Do not turn that into a rule that every second sale of one's own house requires a license.
- Test the exact exemption. Owners, lessors, certain regular employees, attorneys acting in legal duties, specified fiduciaries, resident managers and limited tenant referrals have different conditions. An exemption follows its stated property and activity; it is not an unrestricted brokerage license.
- Choose the role. A broker may perform broad brokerage under sponsorship. A residential leasing agent is limited to residential leasing. A managing broker has additional qualifications and can serve in a supervisory role, but designated managing broker is a separate registered appointment. Instructor authority is also separate.
- Separate qualification from permission to practice. The standard broker requirements include age, character review, the prescribed secondary-school qualification, approved education, examination, application and fee. An active Illinois attorney has specified education exceptions, not an automatic broker license or general exam waiver.
- Keep the clocks separate. Standard pre-license education is accepted for two years after satisfactory completion of all required education. Rule 1450.430 gives one year from receipt of a passing exam score to submit the broker application and meet licensing requirements. These are not the same clock. Do not infer a personal split-portion deadline from a general summary.
- Confirm present authority. A current license, valid registered sponsorship and lawful status matter together. A recruiting agreement or a passing report alone is insufficient. Sponsorship termination makes the license inactive immediately; there is no general grace period to continue licensed work while unsponsored.
- Choose the correct renewal and education branch. Identify license type, original issue date, actual expiration and any exception. New-broker post-license education, later broker CE, managing broker CE and leasing-agent CE are different requirements. Completing a course does not itself renew a license.
- Match the changed fact to the notice rule. Contact and office-location changes generally use 24 hours; an individual name change uses 14 days. The sponsor's designated managing broker change notice uses 15 days, but that is not a general authorization to operate without required supervision.
| Person or event | Core requirement | What the shortcut misses |
|---|---|---|
| Standard broker applicant | Age 18; prescribed school qualification; 75 approved hours, exam, application and fee | 60 topic hours plus 15 applied hours; lawful practice also requires registered sponsorship |
| Managing broker applicant | Age 20; licensed as a broker at least two consecutive years out of the preceding three; prescribed school qualification, exam and application | Ordinary education total 165: 120 broker pre/post-license hours plus 45 additional managing broker hours; exceptions and other conditions apply |
| Residential leasing applicant | Age 18; prescribed school qualification; 15 approved hours, exam, application and sponsorship | The scope is residential leasing, not sales or commercial leasing |
| New broker education | Generally 45 post-license hours: three prescribed 15-hour courses and separate finals | The statutory 180-day branch defers the requirement to the second scheduled renewal deadline; it does not waive it |
| Ordinary later-term broker CE | 12 approved hours: six core and six elective under the current curriculum | Approved sexual-harassment prevention training can count within electives; exceptions apply |
| Managing broker CE | Ordinary later cycle: 12 CE plus 12 broker-management CE hours | For 2027, the official fact sheet separates first-license date groups; 24 is not every new managing broker's total |
| Residential leasing CE | Generally eight approved hours from the single core curriculum | The first renewal after initial leasing licensure is excepted under Rule 1450.250(b) |
| Broker expiration | April 30 of even-numbered years | Use the actual license record and applicable first-issue instructions |
| Managing broker expiration | April 30 of odd-numbered years | The 2027 cycle is separate from the 2026 broker cycle |
| Residential leasing expiration | July 31 of even-numbered years | Do not use the April broker deadline |
| Contact / individual name / sponsor DMB change | 24 hours / 14 days / 15 days, respectively | Identify the actor, event and rule; these clocks are not interchangeable |
The distinctions that matter
| Distinction | How it works | What to notice |
|---|---|---|
| Broker and residential leasing agent | The broker license has broader brokerage scope. A sponsored residential leasing agent can handle residential leasing but cannot sell, list or show for sale, refer for sale or handle commercial leasing. | An apartment lease and a retail lease are different scope questions. |
| Managing broker and designated managing broker | Managing broker is a license category. A designated managing broker is appointed and registered to carry supervisory responsibilities. | The credential does not appoint its holder to manage every office. |
| A license and a leasing permit | The residential leasing permit must be obtained before using the limited 120-day route. It is supervised, one-time and restricted to one sponsoring broker during that period. | It is not permission to start first and apply for a permit later. |
| Standard broker and active Illinois attorney | Section 5-27(b) excepts qualifying active Illinois attorneys from its specified school and 75-hour education items. Other requirements, including the exam and lawful sponsorship for work, remain. | A law degree or an out-of-state law license alone is not that exception. |
| Pre-license, post-license and CE | The standard 75 hours precede broker examination. The initial broker education requirement is generally 45 post-license hours. Ordinary later-term broker CE is generally 12 hours. | Use the license history rather than the smallest course total. |
| Inactive and expired | Inactive status can affect an unexpired credential, including after sponsorship ends. Expired means the license term has ended. Neither status authorizes licensed practice. | Read both the expiration and present status. |
| Education validity and application timing | Two-year standard education acceptance and the one-year application period measured from receipt of a passing score are separate rules. | Changing a fee payment date does not automatically extend education. |
| Reciprocity and endorsement | New reciprocal-agreement applications stopped January 1, 2026. Previously granted licenses remain renewable. Current endorsement has separate course, Illinois exam, documentation and other conditions. | An out-of-state license does not itself authorize Illinois practice. |
| CE instructor and pre-license instructor | A CE-only instructor credential permits elective CE. Teaching core or broker-management CE requires the appropriate pre-license instructor credential. The Department can restrict teaching scope. | A brokerage license or provider approval alone is not every instructor qualification. |
Work through the facts
1. Own property and the neighbor's property
Dana rents a two-flat Dana owns. A neighbor then offers Dana compensation to negotiate a tenant's lease of the neighbor's condominium. Assume no other exemption.
- The owner exemption concerns Dana's own property.
- Compensated leasing work for the unrelated owner is a different activity.
Answer: The first transaction does not supply an exemption for the second.
2. A permit that has not been issued
An unlicensed new hire has a sponsor and plans to enroll in the residential leasing course by day 60. The person has not obtained a residential leasing permit.
- The rule requires obtaining the permit first.
- Sponsor supervision and a future enrollment plan alone do not satisfy that condition.
Answer: Do not begin the permit route's licensed activities before obtaining the required permit.
3. Passing without activation
A candidate passes the required broker exam but has neither an issued broker license nor valid registered sponsorship. A friend asks the candidate to negotiate a purchase for compensation.
- Passing is an examination result.
- Issuance and valid registered sponsorship for practice are separate requirements.
Answer: The candidate cannot treat the passing report as active brokerage authority.
4. The broker between sponsors
A broker's sponsorship ends Monday. Before valid new sponsorship is registered, the broker proposes to show a home to a buyer on Tuesday.
- Termination causes immediate inactive status.
- An unexpired license does not create a one-day or 30-day working grace period.
Answer: The broker must not perform the stated licensed work while inactive.
5. A manager title without an appointment
A newly licensed managing broker joins an office and assumes that the license automatically appoints the person as its designated managing broker.
- The license category and the registered supervisory appointment are separate.
Answer: The person must not treat the credential alone as that appointment.
6. First broker term and the wrong education
A standard new broker receives the initial license 14 months before the next scheduled broker renewal deadline. No education exception applies. The broker completes only 12 ordinary CE hours.
- Fourteen months is outside the 180-day deferral branch.
- The initial requirement is the prescribed 45-hour post-license program and its course finals.
Answer: The 12 ordinary CE hours do not replace the initial program.
7. A statutory 100-day deferral example
For a statutory study question, an initial broker license is received 100 days before the first scheduled broker renewal deadline. The question asks which post-license deadline branch applies.
- One hundred days is within the 180-day branch.
- The prescribed 45-hour requirement is deferred to the second scheduled renewal deadline.
Answer: The education is deferred, not waived. An actual renewal decision also requires the license record and applicable Department instructions.
8. A 2027 managing broker first-license group
A managing broker was first issued that license in June 2026. Assume no CE exception and apply IDFPR's published 2027 fact sheet.
- June 2026 falls between February 1, 2025 and January 31, 2027.
- That group needs 12 hours: six core and six elective, with the stated sexual-harassment training requirement.
Answer: Do not automatically assign the older group's additional 12-hour broker-management course for this 2027 fact-sheet scenario.
9. Two changes, two clocks
A licensee changes the email address of record and also legally changes the individual's name.
- The email change has a 24-hour reporting requirement.
- The name change has a 14-day requirement and may need supporting records.
Answer: The longer name-change clock does not extend the email deadline.
10. A limited tenant referral
A resident tenant refers a prospective tenant for a unit in the building or complex where the tenant resides to the landlord or landlord's agent. The tenant performs no other licensed activity and satisfies the exemption's other conditions. Monthly rent is $1,600. The proposed fee is $4,000.
- The fee cap is the lesser of $5,000 or two months' rent.
- Two months is $3,200, which is less than $5,000.
- The separate limit is no more than three prospects in any 12-month period; a compliant amount alone does not satisfy every condition.
Answer: The proposed $4,000 exceeds the $3,200 compensation cap in this scenario.
Mistakes to avoid
- Every person working in a real estate office has the same authority. Use the person's actual role, scope, license status and registered sponsorship.
- Four exam attempts means a lifetime limit. The standard rule concerns four consecutive failures and the education/application reset before trying again.
- An active Illinois attorney automatically receives a broker license. The specified education exceptions do not remove every other requirement.
- A future course enrollment is enough to start the 120-day route. The permit must be obtained first and all other conditions met.
- All managing brokers need 24 CE hours at every renewal. Check first-license date, cycle and exceptions; the 2027 fact sheet has separate groups.
- The completed 2026 four-hour-core transition is the permanent mix. Current ordinary broker CE uses six core and six elective hours.
- A sponsor has 15 days to operate without a designated manager. A change-notice clock is not an automatic operating grace period.
- A high practice score supplies legal permission to work. Practice results, exam passage, licensure and active practice authority are separate.
Check your understanding
These are original teaching questions, not recalled or predicted PSI questions. Answer first, then explain why the other choices fail.
1. A candidate passed the required broker exam but has no issued broker license or registered sponsorship. What does the passing report authorize?
- Automatic self-sponsorship.
- It establishes exam passage, not active practice authority.
- Immediate compensated brokerage.
- A 120-day unrestricted broker grace period.
Show answer and explanation
Answer: B. It establishes exam passage, not active practice authority.
Examination, license issuance and valid registered sponsorship for licensed work are separate requirements. The limited residential leasing permit is not a general broker grace period.
2. A residential leasing agent is sponsored and otherwise qualified. Which activity fits that limited license?
- Negotiating a retail-space lease.
- Listing a home for sale.
- Referring a buyer for a warehouse sale.
- Negotiating a residential apartment lease.
Show answer and explanation
Answer: D. Negotiating a residential apartment lease.
The scope is residential leasing. Sales activity, sale referrals and commercial leasing are not authorized by this limited credential.
3. A managing broker obtains the credential but has not been appointed and registered as an office's designated managing broker. Which statement is best?
- The credential automatically makes the person DMB of every office.
- The managing broker credential and the DMB appointment are separate.
- A job title replaces Department registration.
- The person has no real estate license at all.
Show answer and explanation
Answer: B. The managing broker credential and the DMB appointment are separate.
A managing broker license can qualify a person for the role, but the registered supervisory appointment is a separate step with its own duties.
4. A person has a sponsor and intends to enroll in leasing education by day 60 but has not obtained the residential leasing permit. May the person start the permit route's licensed activities now?
- Yes; planning education creates the permit.
- No; the rule requires obtaining the permit first.
- Yes; supervision eliminates every permit condition.
- Yes; every new hire gets a 30-day broker grace period.
Show answer and explanation
Answer: B. No; the rule requires obtaining the permit first.
Rule 1450.240 requires the permit first. Supervision, sponsor notice, enrollment timing and completion of licensing requirements are additional conditions, not substitutes for the permit.
5. A broker's sponsorship terminates while the credential remains unexpired. Before new valid sponsorship is registered, what is the status for licensed activity?
- Automatically self-sponsored.
- Active until April 30 regardless of status.
- Active for 24 hours.
- Inactive immediately; licensed work is prohibited.
Show answer and explanation
Answer: D. Inactive immediately; licensed work is prohibited.
Termination causes immediate inactive status. The reporting period is not a practice grace period, and an unexpired credential alone is insufficient.
6. Under Rule 1450.430, which event starts the one-year period to submit a standard broker application and meet licensure requirements?
- Receipt of a passing examination score.
- A recruiting interview.
- The next provider renewal date.
- Beginning the first 60-hour course.
Show answer and explanation
Answer: A. Receipt of a passing examination score.
The rule uses receipt of a passing score. This is distinct from the two-year acceptance of completed standard education. It does not resolve an individual split-portion credit dispute.
7. A standard broker first receives the license 14 months before the next scheduled broker renewal deadline. No exception applies. Which education fits that initial requirement?
- The prescribed 45-hour post-license program and its finals.
- No education because the exam was passed.
- Only eight leasing-agent hours.
- Only 12 ordinary broker CE hours.
Show answer and explanation
Answer: A. The prescribed 45-hour post-license program and its finals.
Fourteen months is outside the 180-day deferral branch. Ordinary 12-hour CE does not replace the initial 45-hour program, and that program satisfies the term's ordinary CE requirement.
8. In a statutory study question, a first broker license is received 100 days before the next scheduled broker renewal deadline. What does the 180-day branch do?
- Converts the requirement into eight leasing hours.
- Extends every unrelated reporting deadline.
- Permanently waives post-license education.
- Defers the prescribed post-license completion to the second scheduled renewal deadline.
Show answer and explanation
Answer: D. Defers the prescribed post-license completion to the second scheduled renewal deadline.
One hundred days is within 180 days. The branch changes the post-license deadline, not the curriculum. Actual licensing decisions also require the official record and applicable Department instructions.
9. A managing broker was first issued that license in June 2026. No CE exception applies. Under the published 2027 IDFPR fact sheet, which group applies?
- The February 1, 2025 through January 31, 2027 group: 12 CE hours, with the stated core, elective and training conditions.
- Only the 45-hour initial broker curriculum, regardless of history.
- No renewal can ever be required after June 2026.
- Every managing broker always needs 24 hours.
Show answer and explanation
Answer: A. The February 1, 2025 through January 31, 2027 group: 12 CE hours, with the stated core, elective and training conditions.
The 2027 fact sheet assigns that first-license date group 12 hours: six core and six elective, including the specified sexual-harassment prevention training. It distinguishes the older group needing 24 hours.
10. A licensee changes the email address of record and the individual's legal name. Which reporting pair is correct?
- Email 14 days, name 24 hours.
- Email 24 hours, name 14 days.
- Both 15 days because DMB changes use 15 days.
- Both at the next renewal.
Show answer and explanation
Answer: B. Email 24 hours, name 14 days.
Rule 1450.150 distinguishes the contact update from the individual name update. A different event's longer clock does not extend the contact-change requirement.
11. A qualifying resident-tenant referral has a fee cap of the lesser of $5,000 or two months' rent. Monthly rent is $1,600. What is the compensation ceiling for this scenario?
- $5,000 regardless of rent.
- $1,600.
- $3,200, subject to all the exemption's other conditions.
- $4,000.
Show answer and explanation
Answer: C. $3,200, subject to all the exemption's other conditions.
Two months is $3,200, less than $5,000. Staying within that dollar cap alone does not satisfy the activity, residency and maximum-three-prospects-in-12-months conditions.
12. Which statement describes Illinois reciprocal-agreement applications as of October 2026?
- Every broker endorsement applicant must first have two years' active practice.
- Every previously granted reciprocal license became void January 1.
- New applications under reciprocal agreements stopped January 1, 2026; previously granted licenses remain renewable and endorsement is a separate route.
- Any out-of-state license automatically authorizes Illinois practice.
Show answer and explanation
Answer: C. New applications under reciprocal agreements stopped January 1, 2026; previously granted licenses remain renewable and endorsement is a separate route.
Section 5-60.1 preserves previously granted licenses while ending new reciprocal-agreement applications. Endorsement has its own requirements; under the broker route, less than two years' active practice affects post-license education rather than being a universal two-year entry bar.
Common questions
What are the basic Illinois broker license requirements?
The standard path includes age 18, character qualification, the prescribed high-school or State of Illinois High School Diploma qualification, 75 approved education hours, the required exam, application and fee. Valid registered sponsorship is required before licensed work. An education exception or endorsement route must be evaluated separately; neither is an automatic license.
How many pre-license hours does a standard broker need?
Seventy-five approved hours: 60 in Broker Pre-License Topics and 15 in Applied Real Estate Principles. Approved education is accepted for two years after satisfactory completion of all required education. The applied component is not a reason to assume every class must occur in a physical classroom; use approved delivery rules and providers.
Do Illinois attorneys have to take the real estate exam?
An applicant currently admitted and in active standing before the Illinois Supreme Court has the specified Section 5-27(b) school and education exceptions. The broker examination and other applicable issuance and sponsorship requirements remain. A law degree or another state's law license alone is not the stated exception.
Can a prior conviction automatically disqualify every applicant?
No universal conclusion follows from that label. Section 5-25 governs character review and includes particular grounds, review factors and restrictions on use of specified records. Materially false application facts can be a separate issue. This guide does not decide an individual application or tell every applicant to disclose records the law protects.
What does a managing broker need beyond the standard broker path?
The ordinary statutory path includes age 20, at least two consecutive years licensed as a broker out of the preceding three, the prescribed school qualification, 165 total qualifying education hours, an Illinois-specific examination, application and fee. The 165 consists of 120 broker pre-license and post-license hours plus 45 additional managing broker hours. Section 5-28 has a specified active Illinois attorney education exception. The license does not itself create a DMB appointment. This is a qualification overview, not a complete managing-broker application checklist. Check its separate course-timing and application requirements; do not assume the standard broker education-acceptance clock resolves them.
Is a residential leasing agent the same as a broker?
No. The limited residential leasing path generally includes age 18, the prescribed school qualification, 15 approved pre-license hours, examination, application and sponsor employment. Its activities must stay within residential leasing. A broker does not need a separate leasing credential merely to perform leasing already within lawful broker authority.
How does the 120-day leasing permit work?
Obtain the permit first. The route is one-time, supervised and limited to one sponsoring broker during 120 consecutive calendar days. Sponsor notice and certification are required; enrollment must occur no later than day 60 and the licensing requirements must be satisfied within the period. At expiration, stop licensed leasing activity unless the license has been issued and valid sponsorship exists. It is not a renewable trial period or permission for sales.
Which owners and employees can work without a broker license?
Section 5-20 provides exact exemptions, including owners or lessors working with their own property and qualifying regular employees in the stated context. The regular-employee definition includes an average 20-hour workweek and the specified federal employee classification. Calling someone an independent contractor, assistant or property manager does not by itself establish that exemption. Compensated work for another owner requires its own analysis.
Can I keep working while changing sponsors?
A terminated sponsorship makes the license inactive immediately. Do not perform licensed work until a valid new sponsorship is established and registered as required. Sponsor and licensee notices have separate actor-specific requirements. The 24-hour reporting provisions do not create a 24-hour practice extension.
What are the broker exam passing scores and retake rules?
The standard broker examination requires 70% on the 100-scored-question national portion and 75% on the 40-scored-question Illinois portion: 70 and 30 correct, respectively. Before the four-consecutive-failure reset, a candidate generally retakes the failed portion under PSI's published rules. After four consecutive failures, the standard education route requires repeating the applicable pre-license education and a new examination application before testing again. Education-exempt and endorsement categories require their own instructions; this is not a lifetime four-attempt cap.
How long after passing can I apply for the broker license?
Rule 1450.430 states one year from receipt of a passing examination score to submit the application and meet licensure requirements. Do not confuse that with the education-acceptance period, an unused exam-fee period or a guarantee that processing ends on a particular day. An individual with split portion dates should use the exam rules and obtain the applicable official determination rather than assume a deadline from this overview.
What education follows initial broker licensing?
Generally the prescribed 45-hour post-license program: three 15-hour courses, each with its separate provider final. The ordinary statutory branch requires completion before the first scheduled renewal; receipt of the initial license within the preceding 180 days moves it to the second scheduled deadline. The program satisfies that term's ordinary CE requirement. Check exceptions, the actual license record and Department instructions for a real renewal.
How do renewal dates and ordinary CE differ by license?
Broker licenses expire April 30 in even-numbered years; managing brokers April 30 in odd-numbered years; residential leasing agents July 31 in even-numbered years. Ordinary later-term brokers generally need 12 approved CE hours, currently six core and six elective. Leasing agents generally need eight hours of the single core curriculum, with an exception for their first renewal after initial licensure. Managing brokers ordinarily need 12 CE plus 12 management hours, but first-license date groups and exceptions matter. Instructor renewals have their own rules; their June 30 odd-year cycle is not the broker cycle.
What does the 2027 managing broker fact sheet say?
For that specific cycle, a license first issued before February 1, 2025 generally needs 24 hours: 12 broker-management, six core and six elective. First issuance from February 1, 2025 through January 31, 2027 generally needs 12 hours: six core and six elective. The sheet says issuance on or after February 1, 2027 does not require 2027 renewal and carries April 30, 2029 expiration. Required sexual-harassment training and exceptions are addressed in the sheet. These dated groups are not a permanent rule for every future cycle.
Is four-hour core CE still the ordinary broker requirement?
No. The current ordinary broker curriculum uses six core and six elective hours. For the completed cycle ending April 30, 2026, the transition recognized the qualifying previous four-hour core taken May 1, 2024 through June 30, 2025, with eight electives. Do not carry that historical exception into every later cycle. Required sexual-harassment training can count within elective hours when completed through an approved provider.
When must I report changes to IDFPR?
Match the exact event. Address, email, phone and office-location changes generally require notice within 24 hours; an individual name change requires notice within 14 days. A sponsor's notice of a changed designated managing broker uses 15 days. That last deadline does not authorize unsupervised operation. Business, office, sponsorship and temporary-operation situations can have distinct notice and approval conditions.
Can an out-of-state license transfer automatically to Illinois?
No. New reciprocal-agreement applications stopped January 1, 2026, while earlier reciprocal licenses remain renewable. Current endorsement requires the applicable official license history, approved course, Illinois-specific exam and other conditions. Broker endorsement and managing broker endorsement differ; less than two years' active broker practice affects post-license education rather than creating an automatic bar for every broker applicant.
Are these official PSI questions or a readiness guarantee?
No. The questions are original teaching scenarios. PSI assigns four scored Illinois broker questions to the whole Licensing Requirements category, not four questions to every subtopic here. Use mistakes and correct guesses to identify distinctions to review. No practice percentage guarantees a pass or creates authority to practice.
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Official sources and scope
Checked October 25, 2026. PSI supplies the exam map. The Illinois Act and administrative rules supply licensing and practice requirements. The 2026 broker and 2027 managing broker fact sheets are cycle-specific; they are not interchangeable or permanent rules for later cycles. Use the detailed topic links for the applicable branch and official license record.
- 225 ILCS 454/1-10, broker, regular-employee, and real-estate definitions
- 225 ILCS 454/5-20, current statutory license exemptions
- 225 ILCS 454/5-25: character review, protected records and material false statements
- 225 ILCS 454/5-27: broker qualifications and active Illinois attorney exception
- 225 ILCS 454/5-15: license and registered sponsorship required
- 225 ILCS 454/5-40: establishment and immediate termination consequences
- 68 Ill. Adm. Code 1450.1115, pre-license instructor scope and qualifications
- 68 Ill. Adm. Code 1450.1145, CE instructor scope and qualifications
- 225 ILCS 454/5-50, broker post-license education and timing
- 68 Ill. Adm. Code 1450.450, broker continuing education
- 68 Ill. Adm. Code 1450.1225, six-hour core curriculum transition
- IDFPR 2026 Real Estate Broker Renewal Fact Sheet
- 68 Ill. Adm. Code 1450.150: personal, office and business information
- 225 ILCS 454/5-45: office and DMB notices
- 225 ILCS 454/5-60.5: broker and managing broker endorsement distinguished
- PSI June 24, 2026: State I and standard broker examination
- 225 ILCS 454/5-28: managing broker qualifications
- 68 Ill. Adm. Code Part 1450: selected current licensing and renewal rules
- 225 ILCS 454/5-5: limited residential leasing scope
- 225 ILCS 454/5-60.1: January 2026 reciprocity cutoff
- IDFPR: 2027 managing broker renewal fact sheet
This is exam preparation, not advice for a specific transaction. State law and the applicable facts control. Our editorial and corrections process explains how to report an issue.