Real Estate Academy

Real Estate Academy
(847) 329-9988
Real Estate Academy
(847) 329-9988

Real Estate Academy

F.A.Q.

To become a licensed Real Estate Broker in Illinois, the following two courses must be completed:

1.) 60 hour Pre-License Topics Course

2.) 15 hour Applied Real Estate Principles Course

In addition, the following eligibility criteria must be met:

1.) Possession of a U.S. Social Security number

2.) A minimum age of 18 years old

3.) Demonstration of “good moral character” (absence of a criminal history)

4.) High school graduation or equivalent.

While a passing outcome cannot be assured, most students are successful in passing the real estate examination.

To increase your chances and alleviate stress, it is recommended to follow our study guide.

Live, online and hybrid (combination of the live & online). 

Unlock your full potential with our customizable courses.  Study at your own pace with animated videos and unlimited quiz attempts, creating a personalized learning experience tailored to your schedule and needs. 

Courses available 24/7 from any device with internet access and confidently move forward towards your new career.

Our online courses are accessible 24/7 and do not require any live virtual sessions, allowing students to start as soon as they register.

For our live classes kindly give us a call and we’ll let you know when the next class begins. 

 

Our courses are designed for self-paced learning, allowing you to complete the material at your own convenience.

The time it takes to finish the course will vary depending on the amount of time and effort you put in.

Some students have completed the course in as little as one week while others may take several weeks.

There is no time limit for completing the course once you have registered.

Our Pre-License Packages range from $200 – $600.

The State Examination Fee is $58 and the Initial License Application Fee is $125.

Keep in mind that there may be additional start-up costs, as well as ongoing expenses for membership fees, advertising, license renewal, and other business operations. 

Yes, we do offer group discounts for multiple enrollments. Please inform us during the time of enrollment and we’ll be happy to arrange a discount for you. The exact discount amount will vary based on the number of individuals enrolling.

Our promotions are frequently updated and can usually be found on our homepage. If no current promotions are listed, kindly give us a call to inquire.

Yes, simply ask for a payment plan and we’ll be happy to set one up for you.

Certainly. Please provide us with proof of your previous enrollment in a pre-license course at another school, and we will be happy to offer you a 50% discount on our regular pricing.

Upon registration, each student is paired with a dedicated instructor who is readily available for support through telephone or email for any questions or concerns.

The benefits of a career in real estate include a salary that exceeds the national average, freedom from corporate constraints, the flexibility to set your own schedule, and greater control over your life.

Definitely! Many real estate agents initially begin their careers as part-time brokers.

Yes, it is possible to hold a real estate license in multiple states. However, each state has its own unique requirements that must be met in order to obtain a license in that state. Before pursuing licensure in a new state, it is recommended to determine if there is a reciprocal agreement between your current state and the state you are interested in, as this may provide the opportunity to streamline the licensing process.

A real estate agent (Broker) and a REALTOR® are not the same, although the terms are often used interchangeably. A real estate agent (Broker) is a licensed professional who has completed the necessary education and training required by the state to legally buy, sell, and rent properties for others.

On the other hand, a REALTOR® is a real estate agent (Broker) who is a member of the National Association of REALTORS® (NAR). To become a REALTOR®, an agent must agree to abide by the NAR’s strict Code of Ethics and also complete additional education and training. This distinction sets REALTORS® apart and demonstrates their commitment to ethical and professional conduct in the real estate industry.

After successfully completing the pre-licensing courses, the transcript remains valid for a period of two years.

During this time, you must sit for the state and national real estate exam. If you do not pass the exam on the first attempt, you are given three additional opportunities to take the exam within a one-year period.

Once you have passed the exam, you have one year to affiliate with a managing broker and obtain your real estate license.

This question is frequently asked, but the response is often misleading. While obtaining a job as a broker in Illinois may be straightforward due to the prevalence of commission-based compensation, actually earning a substantial income as a broker requires much more effort and depends on various factors, such as market conditions and the level of dedication you bring to the job.

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