Illinois Real Estate Managing Broker License Renewal

Illinois Real Estate Managing Broker License Renewal

Renewal Deadline - April 30, 2017

The Illinois Department of Financial and professional Regulation has been sending e-mail renewal notices to licensed managing brokers. I have received mine, and hopefully, if you are a licensed managing broker, you have received yours.

 I recently attended a real estate division board meeting where it was made clear that renewal notices are a courtesy to the licensee, and whether you receive one or not, it is your responsibility to renew on time.

The email contains a link that you may use for license renewal.
 http://www.idfpr.com/Renewals/defaultSSL.asp.  and includes the following tips:

Tips For Easy Use Include:

Print the instructions contained on the Department's Renewal Page for reference as you complete the renewal process.

Use your internet browser back key to return to a previous page.

No changes will be applied to your record unless your renewal has been submitted.

VISA, MasterCard and Discover are accepted (Please note that no credit card information is retained by IDFPR). A convenience fee will be added to the cost of your license renewal for vendor processing costs.

All fees are non-refundable.

Renewal Requirements

Managing brokers licensed prior to Feb. 1, 2015:

A total of 24 CE hours are required before April 30, 2017.

A minimum of 12 hours must be regular CE: Core A, Core B and Elective. CE Hours hours should include one Core A and one Core B course. A maximum of six hours of Elective CE are allowed.

In addition to the regular CE hours, you will be required to complete 12 hours of "Broker Management CE." The Broker Management continuing education is not available online or by home study.

In addition to the regular CE hours, you will be required to complete 12 hours of "Broker Management CE." The Broker Management continuing education is not available online or by home study.

Managing brokers licensed after Feb. 1, 2015:

Since this will be your first renewal as a Managing Broker, you are required to take 12 hours of regular CE (a minimum of six Core and six Elective CE hours) before April 30, 2017.

Core hours should include one Core A and one Core B course.

A maximum of six hours of Elective CE are allowed.

The 12-hour "Broker Management CE" course is not required.
Managing brokers licensed after Feb. 1, 2017:

If licensed AFTER February 1, 2017, you should have a renewal date of April 30, 2019 and will not need to take CE or renew by the April 30, 2017 date.

A licensed Illinois attorney who is in good standing and licensed as a managing broker, is exempt from continuing education requirements and simply completes the renewal process and pays the required fees in order to renew his license.

If you have too many core CE hours and not enough elective hours, the core hours will be credited toward the elective, however, elective hours will not be credited toward core hours. Credit hours for the same course cannot be repeated within the same renewal cycle.

Check out your CE credit hours here. http://www.idfpr.com/applications/ce_lookup/

It is a violation of the Illinois Real Estate License Act to practice on a non-renewed license!
Register now to complete your CE requirements! 

No comments (Add your own)

Add a New Comment


code
 

Comment Guidelines: No HTML is allowed. Off-topic or inappropriate comments will be edited or deleted. Thanks.