Here are the specifics when it comes to exactly what you need to do to get your license (the Illinois real estate license requirements, if you will). Now, I’m not an attorney, and you can read the full state law here, but the following is a quick summary of what requirements you’ll need to meet:

1. Be at least 21 years old.
2. Have a high school diploma or equivalent
3. Pass all of Illinois’ required real estate education courses.Currently the requirement is 45 hours of instruction in approved courses, and a minimum of 15 of these hours must be in the areas of Article 15 of the Act (agency), disclosure and environmental issues, or any other current topic as determined by the Education Advisory Council.
4. Pass the Illinois Real Estate Salesperson Examination.
5. Pay an Initial Real Estate Salesperson License fee, currently $125.
6. Submit a completed Sponsoring Broker Responsibilities Brochure.

As I just mentioned, there is a fee involved to file your application, and it is currently $125. Along with that, the coursework can be done online at a cost of less than $200. So all together you can fulfill your Illinois real estate license requirements for about $350 or less.

Does that sound like a lot of money?

Well again, just think about doing one deal $100,000 and getting 6%. That would be $6,000! That more than pays for the fees and hassle of getting the license. And you can do deal after deal after deal.

I use my license all the time. I do buying and selling, and I have a property management business. So without a license, none of this would be possible, and I would be giving up hundreds of dollars each month and thousands of dollars in lost buyer/seller transactions.

And the best part is – I do all of this on a part time basis! The main thing I like to do is help people like you online.

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