A Great Career Path:

  • Earnings
    Unlimited income potential. The income possibilities are endless… because you are your own boss, you will reap the benefits of how hard you work.
  • Independence/Flexibility
    If you have other part-time jobs, or if you're a parent and require the flexibility for your children then real estate is the ideal alternative. You are an independent contractor and you choose your own hours based on your clients’ needs.
  • Personal Growth
    The most rewarding experience is making a client's dreams come true. You're involved in one of the most important decisions that your client will ever make, and the minute you hand the keys over to them you know you've made the difference. There's a certain pride in selling homes, and your clients will never forget their real estate agent.

IAR Jim Maloof Branch Broker Requirements

All applicants for a Broker’s license must meet the following requirements.

  • Be at least 21 years of age (exception: 18yrs. With education required by Sec 5-26 of thelicense law act).
  • Have graduated from high school or obtained the equivalent of a high school diploma.
  • Have successfully completed at least 90 hours of real estate courses approved by the Advisory Council
  • Satisfactorily pass a state-sponsored written examination

Becoming an Agent

  • Step 1 - Take the Required 90 Hours of Pre-License Education: The 90 hours would include a 75-hour Broker Pre-license Topics course and a 15-hour Broker Pre-license Applied Real Estate Principles Interactive course. There is also a blended option to complete the 90 hours, which includes 45 hours of home study and 45 hours of classroom.
    • The Jim Maloof IAR Branch makes it easy with choices for state-approved classroom courses:
      Classroom Education Training- Find a class that works best for you. Daytime or Night-time options. We also partner with Illinois Association of Realtors to offer “Home study” options combined with our in classroom options to fit your schedule.
      • IAR Home Study Options: The “75-Hour Broker Pre-license Topics Home Study (Item #628 in the IAR REALTOR® Store or 1-800-529-2696) combined with the “15-Hour Broker Pre-license Applied Real Estate Principles Interactive” classroom course will meet the requirement to be eligible to take the state exam to obtain a Broker license in the state of Illinois.
      • IAR Home Study Option 2: The “45-Hour Broker Pre-license Home Study” (Item #627 in the IAR REALTOR® Store or 1-800-529-2696) is for students who wish to complete the requirements of the 90-hour Broker Pre-license course in a blended format consisting of home study for the first 45 hours and classroom for the remaining 45 hours. Students will need to complete both sections through the Illinois Association of REALTORS® branch locations in order to receive a transcript for the required 90 hours.
  • Step 2 - Take the Course Exam
    The State of Illinois requires a proctored exam for each course. Students may take the proctored exams with any of our Jim Maloof approved proctors.
  • Step 3 - State Licensure Exam
    Take the state licensure exam through the state-approved testing vendor Applied Measurement Professionals (AMP), www.goamp.com.
  • Step 4 - Find a Sponsoring Broker 
    After you have passed the state exam, you have one year to find a sponsoring broker to issue a sponsor card to you which will serve as a temporary 45 day permit while you wait for your license to be issued by the IDFPR.
  • Step 5 - Apply to the IDFPR for Your License and Pay the Appropriate Fee 
    The sponsoring broker will send a copy of your 45 day permit and fee to the Iliinois Department of Financial and Professional Regulation. A licensee may not practice until sponsored.
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