Become a Managing Broker

Initial Requirements

You must be at least 20 years old and hold an active valid Illinois real estate broker license (active for 2 of the past 3 years).

Step 1 • Education Requirements

Successfully complete the required curriculum 45 class hours of Real Estate courses at a real estate school approved by the Illinois Department of Financial and Professional Regulation. This includes Managing Broker Pre-License Topics (30 hours) and Managing Broker Pre-License Applied Management and Supervision (15 hours). Sign up for online classes here to work at your own pace.

Step 2 • State Exam

You have two years from the completion of your first course to take the state licensure exam, which is administered by PSI (PSI/AMP). It is strongly recommended you print and review the Illinois Real Estate Examination Program Candidate Handbook before registering.

Step 3 • License Application

Apply for your license and submit payment for the initial license fee to IDFPR (Illinois Department of Financial and Professional Regulation) www.idfpr.com.

In order to apply for your license, you must be sponsored by a Managing Broker before you submit your application.

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