Illinois Real Estate License Transition Period Ends in April 2012 - Have You Taken the Exam?

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Real Estate Agent with Berkshire Hathaway HomeServices Elite Properties

Illinois Real Estate License Transition Period Ends in April 2012 - Have You Taken The Exam?

Illinois MapAs most agents and brokers in Illinois know, the license law requires us to transition to the new licensing requirements: from salesperson to broker, from broker to managing broker. The transition period ends in April 2012. We even have a transition clock which is kinda neat, like the national debt clock, only not as scary.

Essentially, we're all going to be brokering real estate come May 2012 (this is focused on selling and buying real estate, not appraisals or others). No salesperson licenses have been issued since this past April. Everybody will be brokers, but broker managers have the distinction of being Managing Brokers. All our business cards will show that Yolanda Hoversten is a Broker (which I am now). If I were hired to manage an office or branch I could transition to Managing Broker provided I pass the exams and complete the necessary CEs. However if I don't manage an office or branch, I'm merely Managing Broker Eligible, which I can't advertise. Nice. All manager brokers now will transition to Managing Broker licensee. Confused yet? If not, keep reading -- it's simple really.

Prior to the transition, a high school graduate could take the 45 hour salesperson course, pass the national and state exams, pay the dues, find a broker sponsor, then list and sell real estate. All is good.

Prior to transition, a licensed salesperson could earn a broker's license provided they took the necessary courses, passed the exams, and paid the higher dues, which I did. With the broker's consent, the licensee could call himself or herself a Broker or an Associate Broker whether they managed an office or not. Broker Managers go through the same courses, pass the national and state exams, pay the extra dues for the broker manager's license, find a broker sponsor, get hired as a broker manager, and all is still good.

Broker License:

If you now possess a Salesperson License you can take a one-time proficiency exam (no retakes allowed) and take 18 hours of CE by April 30, 2012. Or you can take the 30-hour transition course (and pass the exam).

If you now possess a Broker License and want to remain a broker and not obtain a managing broker license, you will just need to complete 12 hours of CE to renew your broker license.

Managing Broker License:

If you already have a Broker License you can take a one-time proficiency exam (no retakes allowed) and complete 18 hours of regular CE and 12 hours of broker management CE by April 30, 2013. Or you can take the 45-hour transition course (and pass the exam,) and complete the 18 hours of regular CE by April 30, 2013.

For more information, visit Illinois Association of Realtors, Greater Gateway Association of Realtors, and Realtor Association of Southwestern Illinois.

 

 

05-21-2011

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31 Days of May Challenge 2011
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Rainmaker
722,437
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Yolanda

Thanks for the post. Have a great day.

May 21, 2011 04:42 PM #1
Rainer
639,083
Carl Winters
Canyon Lake, TX

Yolanda: Interesting post. I wonder if this will someday be the normal throughout the country.

May 22, 2011 02:43 AM #2
Rainmaker
373,842
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

I hope that does not happen here but I'm sure that's the direction we are going in. 

May 22, 2011 06:46 AM #3
Rainmaker
344,525
Yolanda Hoversten
Berkshire Hathaway HomeServices Elite Properties - O'Fallon, IL
Broker - O Fallon, IL Real Estate

Hi, Patrick! It's a great Sunday... thank you for your comment! :)

May 22, 2011 07:54 AM #4
Rainmaker
344,525
Yolanda Hoversten
Berkshire Hathaway HomeServices Elite Properties - O'Fallon, IL
Broker - O Fallon, IL Real Estate

Hi, Carl! I don't know if it will be, but when I asked the organization lawyer, she didn't know, either. I'm not opposed to it, though. Have a great Sunday!

May 22, 2011 07:56 AM #5
Rainmaker
344,525
Yolanda Hoversten
Berkshire Hathaway HomeServices Elite Properties - O'Fallon, IL
Broker - O Fallon, IL Real Estate

Hello, Donna! As I responded to Carl above, I'm not sure if this is going to happen nationwide. However, the more education, the better. Great to see you!

May 22, 2011 07:58 AM #6
Ambassador
1,709,615
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and evening to you Yolanda

Yolanda,
I've been seeing a lot of posts around talking about the Real Estate salesperson licenses are going away. But so for I have not found out why its being done away with. Do you happen to know why?

If you do, and would rather not say on your blog post, because you might not be allowed to, I sure would understand. Maybe you could send an e-mail to me, with an idea as to where I could find the info out. Its just something that I have been wondering about.

Have a good one
Dale in New Hampshire

May 22, 2011 01:16 PM #7
Rainmaker
344,525
Yolanda Hoversten
Berkshire Hathaway HomeServices Elite Properties - O'Fallon, IL
Broker - O Fallon, IL Real Estate

Hi, Dale. In Illinois it is going away, but replaced by something better, the broker's license. The licensee gets more hours of education, and since we're brokering the sales already, the transition makes sense. It's to ensure that the public is being served better with more educated agents, imo. I don't know if other states will follow, but some may have done it already. Thanks for a great question!

May 22, 2011 01:44 PM #8
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Rainmaker
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Yolanda Hoversten

Broker - O Fallon, IL Real Estate
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