How do I schedule the Illinois Real Estate exam?
How do I schedule an exam? Broker candidates qualifying (under the 75 hour qualification) take the exam by completing the 60 hour Broker Pre-License Topics and the 15 hour Broker Pre-License Applied Principles course need only call 800-345-6559 to schedule an exam.
Can you take the Illinois Real Estate exam online?
The sample exam is offered online and a link is sent out to all students at the end of each course. The sample exam contains 125 multiple-choice questions. … The Illinois Real Estate Exam contains 150 multiple-choice questions. 105 of these questions are national questions and 45 are state questions.
How hard is it to pass the Illinois Real Estate exam?
Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.
How much is the Illinois Real Estate exam?
How much does it cost to get an Illinois real estate broker license? The fixed costs include: $46.00 for the broker exam fee. $125.00 for the broker license application fee.
What questions are on the Illinois real estate exam?
The broker exam consists of 100 multiple-choice questions for the national portion and 40 multiple-choice questions for the state-specific portion. The managing broker exam consists of 10 simulation problems for the national portion and 40 multiple-choice questions for the state-specific portion.
How much does a realtor make in Illinois?
The average salary for a real estate agent in Illinois is around $51,155 per year.
Is it worth becoming a real estate agent?
One of the greatest advantages of becoming a real estate agent is the unlimited income potential. … That’s because real estate agents work for a commission. Typically, the agent walks away with 2.5% – 3% of a property’s sale price. Depending on the local housing market prices, the commission can be substantial.
How long does it take to become a real estate agent in Illinois?
It takes most people between three and six months to become a broker in Illinois. You can apply for a real estate license after completing your 75 hours of prelicense education and after you pass both the state and national portions of the Illinois licensing exam with a grade of 75% or higher.
What is the hardest state to get a real estate license?
Hardest States to get a Real Estate License
Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.
Why do realtors quit?
Most new real estate agents quit their first year because of the emotional toll of “fear of failure” and rejection. Nobody likes to feel rejected. Rejection is part of the job but remember that people are not rejecting you. They are rejecting the notion of buying or selling at that time.
Can you be a part time realtor?
Yes, you can be a part-time real estate agent. The process of becoming a part-time agent is almost exactly the same as for people training to become a full-time agent. The only difference is that some brokerages typically won’t hire people who work part-time.
What’s the difference between real estate agent and broker?
Real estate agents have a professional license to help people buy, sell, and rent real estate. … Brokers are real estate agents who have completed additional training and licensing requirements. They can work independently and hire other real estate agents to work for them.