New to Real Estate

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Choose a NAR® Real Estate Brokerage when choosing your sponsoring broker, consider the benefits of a brokerage that belongs to the National Association of REALTORS®, the largest trade association in the world. When you join the Peoria Area Association of REALTORS® you will be joining over 700 members and have access to a local network of over 100 Affiliates.

Real Estate Broker

Illinois Licensing Requirements:

  • At least 18 years old
  • High school graduate or equivalent (G.E.D.)
  • Successfully complete the required coursework
  • Pass the state licensing exam with an approved testing agency
  • Join a sponsoring brokerage

EDUCATION COURSE INFORMATION: Must complete and pass the 75 hour Pre-License course at a real estate school approved by the Illinois Department of Financial and Professional Regulation.

STEP BY STEP TO OBTAINING YOUR BROKER'S LICENSE

STARTUP COSTS
This list of initial startup costs includes estimates. Rates may vary and are subject to change.

    Complete a minimum of 75 hours of approved Pre-Licensing education ($300 - $500)
  • 60 Hour Broker Pre-License Topics course
  • 15 Hour Applied Real Estate Principles course
  • Illinois Real Estate Broker Examination ($55)
  • Illinois Real Estate License Application ($125)
  • PAAR Membership Fees

PAAR does not currently offer in-person classes for Pre/Post-Licensing courses. We recommend online courses instead. To view the catalog of online courses we recommend, visit the course homepage here. Select your Education Type to view the appropriate course list.

Leasing Agent

Illinois Licensing Requirements:

EDUCATION COURSE INFORMATION: Must complete and pass the 15 hour Leasing Agent Pre-License course at a real estate school approved by the Illinois Department of Financial and Professional Regulation. The Illinois Leasing Agent License is a limited scope license for persons who wish to engage only in the leasing of residential properties.

PAAR does not currently offer Leasing Agent classes. Contact Kerry Kidwell to inquire for in-person classes or complete your courses online here.

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