Online Illinois Pre-License Managing Broker Real Estate Classes

Q: How do I contact the Illinois IDFPR’s Division of Real Estate?

Illinois IDFPR’s Division of Real Estate Address: 320 West Washington, 3rd Floor, Springfield, IL 62786 Phone number: 1.888.473.4858 Email: FPR.realestateeducation@illinois.gov Division of Real Estate Website

Q: After I complete my managing broker pre-licensing courses, do I send my Illinois state managing broker application to you?

No. We only offer the real estate pre-licensing courses online. We do not offer any classroom pre-licensing courses to obtain your Alabama real estate license. We find that most students prefer to complete their education on their computer, smartphone, or tablet.

Illinois Online Pre-License Managing Broker Real Estate Classes

Become a Managing Broker in Illinois in three easy steps!

Have had an active Illinois Broker License for two (2) of the past three (3) years.

Successfully complete 45-hours of approved pre-license managing broker coursework.

Pass the required state exam.

If you love being a real estate broker and are ready to move up in the real estate profession, there is no better time to become a managing broker in Illinois. You can easily do this by successfully completing our 45-hours of Illinois required pre-license managing broker education!

Our managing broker courses are sold separately so you can build your confidence by successfully completing one course before moving on to the next. The required Illinois pre-license managing broker courses include:

30-Hour Managing Broker Pre-License Topics
15-Hour Managing Broker Applied Real Estate Principles

PDH Academy is approved by the Illinois Department of Financial and Professional Regulation: Division of Real Estate to offer our 45-hours of broker post license courses. View our approval.

Pricing

Our Illinois real estate training packages provide options to meet your needs and help you grow your real estate career.

30-Hour Managing Broker Pre-License Topics

$145

Please note: This course is offered on PDH Academy’s RECampus through our partner Dearborn Real Estate Education.

Course Outline

– Plus –

Instructor Support

15-Hour Managing Broker Applied Real Estate Principles

$85

Course Outline

– Plus –

Instructor Support
Lifetime Access to Training Materials

Why Choose PDH Real Estate?

Expert
Instructors

Our instructors love what they do and are excited to share their knowledge and their real-world experience with you.

Always
Up-to-Date

Our team stays on top of state real estate regulations so you are always getting the most accurate information.

Fully State-
Approved

The course has gone through Illinois’ rigorous approval process so you can be sure you’re in good hands.

Comprehensive
Exam Prep

Be better prepared and less anxious for the state exam, because you’ve already know what the test will be like.

Pass Guarantee

We know exams can be tough and we want you to be confident knowing that we’re here from lessons to license.

100% Self-Paced

The course is 100% self-paced, meaning you can move through it as quickly or as slowly as you need to.

Lifetime Access

Learning is a lifelong process. You can go back and reference our course material at any time in the future.

Stellar Support

Our industry-leading instructors are here to help with their years of real-world experience and expertise.

About the Course

Our Illinois pre-license managing broker courses include everything an aspiring managing broker needs to take on the responsibility of running their own brokerage. We include all aspects of licensing and operations, managing licensees and assistants, risk management and Illinois laws. This is everything necessary to successfully supervise brokers and create a smooth-running business that is compliant with Illinois rules and regulations. These courses will assist the advanced broker in developing the skills necessary to protect consumers and elevate your level of professionalism in the real estate industry.

The content is comprehensive and up-to-date with current trends and regulations. Our courses are 100% online so you can study when it’s most convenient for you, from the comfort of your own home.

Benefits of our pre-license managing broker courses include:

Satisfy your Illinois IDFPR Division of Real Estate requirements for passing the required state exam
100% online, so you can work at your own pace
Certificate of completion

You’ll have access to our top notch customer support as you work through the program.

State Requirements for Illinois
Illinois requirements for managing brokers

Hours Required: 45
Approval: Approval: Our school is approved by the IDFPR’s Division of Real Estate to offer the 45- hours real estate pre-license managing broker courses. Our course numbers are 513.002122 and 513.002123.
Reporting: Your course hours will be reported to the IDFPR’s Division of Real Estate.
Certificate of Completion: You will be provided with certificates for each course you complete.
Time Constraints: You have two (2) years to pass the state exam after completing the managing broker pre-license courses.

Questions?

Send An Email

staff@pdhrealestate.com

Give Us A Call

(888) 572-7324

Illinois Real Estate License FAQs

How do I contact the Illinois IDFPR’s Division of Real Estate?

Illinois IDFPR’s Division of Real Estate
Address: 320 West Washington, 3 rd Floor, Springfield, IL 62786
Phone number: 1.888.473.4858
Email: FPR.realestateeducation@illinois.gov
Division of Real Estate Website

Can I view the course outlines for these real estate courses?

15-Hour Illinois Managing Broker Applied Real Estate Principles

I. Unit 1: Brokerage Contract Disputes with Clients

Case Study 1: Broker and Client Disputes
- Discuss Illinois licensing requirements
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Apply understanding of training and supervision of licensees

View full course outline

II. Unit 2: Minimum Services

Case Study 2: Minimum Services
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Apply understanding of agency relationships and property representations
- Apply understanding of training and supervision of licensees

III. Unit 3: Team

Case Study 3: Team Activities
- Discuss Illinois licensing requirements
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Apply understanding of agency relationships and property representations
- Apply understanding of training and supervision of licensees

IV. Unit 4: Commission Disputes in Office and Co-op Office

Case Study 4: In-Office
Case Study 5: Co-Op Fees
Case Study 6: Buyer Incentives
- Discuss Illinois licensing requirements
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Demonstrate understanding of agency relationships and property representations
- Discuss handling money
- Apply understanding of training and supervision of licensees

V. Unit 5: Dual Agency

Case Study 7: Dual Agency
Case Study 8: Dual Agency and Disclosure – Material Defects vs. Stigmatized Property
- Discuss Illinois licensing requirements
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Apply understanding of agency relationships and property representations
- Demonstrate understanding of fair housing and other governmental regulations
- Discuss handling money
- Apply understanding of training and supervision of licensees

VI. Unit 6: Escrow Documents

Case Study 9: Escrow Money and Interest
Case Study 10: Earnest Money
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Apply understanding of agency relationships and property representations
- Demonstrate understanding of fair housing and other governmental regulations
- Discuss handling money
- Apply understanding of training and supervision of licensees

VII. Unit 7: Confidentiality

Case Study 11: Agent Inquiries
Case Study 12: Buyer Inquiries
- Demonstrate understanding of fair housing and other governmental regulations
- Apply understanding of training and supervision of licensees

VIII. Unit 8: Ethics

Case Study 13: Fair Housing
Case Study 14: Sexual Harassment
- Interpret roles and responsibilities of a managing broker
- Demonstrate understanding of agency relationships and property representations
- Apply understanding of training and supervision of licensees

IX. Unit 9: Short Sale, Foreclosure and Clear Title

Case Study 15: RESPA and Mortgage Fraud
Case Study 16: Short Sales and Foreclosures
Case Study 17: Clear Title
- Discuss Illinois licensing requirements
- Illustrate understanding of laws and rules regulating real estate practice
- Recognize Illinois disclosures
- Interpret roles and responsibilities of a managing broker
- Demonstrate understanding of agency relationships and property representations
- Demonstrate understanding of fair housing and other governmental regulations
- Discuss handling money
- Apply understanding of training and supervision of licensees

X. Unit 10: Internet Marketing and Social Media

Case Study 18: Broker Website and Social Media Use
- Laws and Rules Regulating Real Estate Practice
- Recognize Illinois disclosures
- Interpret roles/responsibilities of a managing broker
- Apply understanding of agency relationships and property representations
- Demonstrate understanding of fair housing and other governmental regulations
- Apply understanding of training and supervision of licensees

30-Hour Pre License Managing Broker Course

I. Licensing

Identify who must be licensed and describe the requirements for broker and managing broker licensing
Identify the various forms of business entities and licensing requirements for the business and branch offices
Explain the requirements of an employment agreement and distinguish between an employee and an independent contractor

View full course outline

II. Operations

Describe the hiring process a managing broker would use in securing agents and the employment laws directly affecting a brokerage company
Describe the issues and options for the managing broker to consider when deciding to obtain an errors and omissions (E&O) insurance policy
Describe the characteristics of employees and independent contractors and the issues associated with each
Explain the purpose and characteristics of the business plan and the budgeting process.

III. Handling the Money

Identify the requirements for opening an escrow account, depositing and disbursing from the escrow account, and procedures for dispute resolution for escrow
Explain how compensation is paid to licensees and licensed or unlicensed personal assistants

IV. Recruiting

Identify the steps in the recruiting process and the characteristics of potential recruits
Describe the process of interviewing and selecting the right agent

V. Brokerage Support

Describe the reasons for training and training techniques, the importance of further training and designations, and the importance and types of compensation plans for agent retention
Describe the purpose and characteristics of a good business plan and the components of a policy and procedures manual

VI. Transaction Supervision

Identify the managing broker’s supervision requirements
Explain the types of agency relationships and agency disclosures required by the license act
Explain the duties licensees owe clients and customers
Explain buyer and seller issues, the licensee’s role in the closing process, and the disclosures required by the TILA-RESPA Integrated Disclosure (TRID) rule

VII. Marketing and Advertising

Identify the requirements for internet advertising and the role the Illinois Real Estate License Act and social media play in marketing and advertising
Explain the requirements of the National Do Not Call Registry, CAN-SPAM Act, and the Junk Fax Act and the rules for misrepresentation and team advertising

VIII. Dispute Resolution

Identify the types of dispute resolution methods available to sponsoring/managing brokers and distinguish between mediation and arbitration
Describe the role of the managing broker in resolving disputes

IX. Company Policies

Identify the protected classes and prohibited practices under the federal and state fair housing laws
Describe the various antitrust laws, their relation to real estate activities, and guidelines for compliance
Describe the dangers to agent safety, and how sexual harassment and the unauthorized practice of law might occur
Explain the provisions of TRID, rules for controlled business arrangements, and distinguish between the various types of agency relationships a brokerage company can offer

X. Disclosure Issues

Explain the lead-based paint and TRID disclosure requirements and the relationship between the Loan Estimate and Closing Disclosure
Explain state disclosure requirements and the differences between a material fact, latent defect, and a stigmatized property
Explain the Real Estate License Act disclosure requirements and other disclosure issues

XI. Industry Issues

Describe the types of mortgage fraud, describe what is considered a distressed property and the differences between a short sale, foreclosure, and REO, and the characteristics of the HARP program
Explain the role of a property manager

Do you offer any classroom Illinois real estate pre-license managing broker courses?

No. We only offer the 45-hours of pre-license managing broker courses online. We do not offer any classroom pre-license managing broker courses. We find that most students prefer to complete their education on their computer, smartphone or tablet.

Do you provide me a certificate of completion when I finish the managing broker pre-license courses?

Upon completion, you will be provided with a certificate for each of the managing broker pre-license courses.

After I complete my managing broker pre-licensing courses, do I send my Illinois state managing broker application to you?

No. You will send in your broker license application to the Illinois Division of Real Estate. The application provided by the IDFPR Division of Real Estate will include information on where you need to send your application.

Where do I login if I already purchased the 30-Hour Managing Broker Pre-License Topics course?

After you purchased the course you will receive an email with a link and access token to register yourself. You may log back into your courses here and use your email address and password you set up.

Where do I login if I already purchased the 15-Hour Managing Broker Applied Real Estate Principles course?

After you purchased the course you will receive an email with a link and access token to register yourself. You may log back into your courses here and use your email address and password you set up.

Online Illinois Pre-License Managing Broker Real Estate Classes

Illinois Online Pre-License Managing Broker Real Estate Classes

Pricing

Why Choose PDH Real Estate?

Expert Instructors

Always Up-to-Date

Fully State- Approved

Comprehensive Exam Prep