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Explore the steps to become a licensed real estate broker in Lakemoor, Illinois, from completing 75 hours of approved education through the exam, application, and brokerage sponsorship.
By Leap Real Estate Team | 10 minutes read
If you are considering a real estate career in Lakemoor, the first step is completing Illinois-approved education and preparing for the state licensing process. An approved Illinois pre-licensing course can provide the required instruction in a flexible format while helping you prepare for the Illinois real estate broker exam.
Illinois licenses entry-level real estate professionals as brokers, rather than using a separate “salesperson” license category. To work with buyers, sellers, landlords, or tenants, you must meet the state’s education requirements, pass the licensing examination, complete the application process, and be sponsored by an active Illinois sponsoring broker.
The Illinois Department of Financial and Professional Regulation, or IDFPR, lists the following basic requirements for a real estate broker applicant:
These requirements apply whether you plan to serve clients in Lakemoor, neighboring communities, or other parts of Illinois. The license is issued by the state, not by the Village of Lakemoor.
Illinois requires 75 hours of broker pre-license education before you can qualify for the licensing examination. The curriculum consists of:
The course must be approved by IDFPR. A course provider should clearly identify its Illinois approval status and explain how it documents attendance, completion, and examination eligibility.
Pre-license education generally covers subjects such as:
Choose a course that matches your learning style and schedule. You should also confirm whether the provider offers instructor support, practice questions, exam preparation, and assistance with the state application.
Online education is available through approved providers, but course delivery rules may vary. Depending on the provider, the program may be self-paced, livestreamed, or delivered through another approved format.
Before enrolling, verify:
Online learning can be particularly useful for Lakemoor residents who work full time or prefer to study from home. However, completing the course does not itself grant a license. You must still pass the state exam, complete the application, satisfy background-check requirements, and obtain sponsorship.
After completing the required education, follow the current IDFPR and examination-provider instructions to register for the Illinois real estate broker examination.
The examination includes state-specific material and general real estate topics. Applicants should expect to prepare for concepts covered in the 75-hour curriculum, including:
Use the current candidate handbook and examination instructions rather than relying on older study materials. Examination scheduling, testing locations, identification rules, retesting procedures, and fees may change.
If you do not pass, review the current retake rules and any required waiting period before scheduling another attempt. A quality pre-license course can help identify weak areas before you sit for the examination.
Illinois licensing applicants may be required to complete a criminal-history background check and submit fingerprints as part of the application process. IDFPR’s current instructions determine whether fingerprinting is required for your application and explain how and where it must be completed.
Plan for the following:
A criminal record does not automatically mean an applicant cannot receive a license. However, omissions or inaccurate answers can create additional problems. If you have concerns about a prior conviction, review IDFPR’s current disclosure guidance or obtain legal advice before submitting the application.
Once you have completed education and passed the examination, submit the broker license application using the current IDFPR process. Depending on the application method, this may involve an online application or a paper application with supporting documentation.
Common application components may include:
Do not assume that an older application form or fee schedule is still valid. IDFPR updates forms, payment methods, and application procedures. Check the agency’s real estate licensing page immediately before applying.
The total cost of becoming an Illinois real estate broker can include:
The education price varies by provider and course format. State fees and examination charges can also change, so a single fixed total should not be assumed. Confirm each current charge with IDFPR, the examination provider, and the education provider.
The timeline depends on your study schedule, examination availability, application processing, background-check requirements, and whether additional information is requested.
A typical sequence is:
Applicants who study consistently and have complete documentation may move through the process more efficiently than those who need to retake the examination or correct application materials. IDFPR processing times are not permanent and should be checked before planning a start date.
A newly licensed Illinois broker must be sponsored by a sponsoring broker to practice. Sponsorship connects the licensee with a licensed real estate business and provides the legal brokerage structure for conducting transactions.
When evaluating brokerages in or near Lakemoor, compare:
Do not choose a brokerage solely because it advertises the highest commission split. For a new agent, education, supervision, transaction guidance, and reliable support may be more valuable during the first year.
Illinois requires a newly licensed broker to complete 45 hours of post-license education during the first renewal period. IDFPR identifies this as a separate requirement from ordinary continuing education.
The post-license curriculum includes approved instruction designed to help new brokers transition from examination preparation to actual brokerage practice. Current IDFPR materials divide the curriculum into approved subject areas that address transaction issues, risk management and discipline, and applied brokerage principles.
The exact deadline depends on when the license was first issued and the applicable renewal cycle. Complete the requirement through an IDFPR-approved provider and retain proof of completion.
Failure to complete post-license education on time can affect renewal or the ability to maintain an active license. Ask the education provider and IDFPR how your specific license-issuance date affects the deadline.
After the first renewal period, Illinois brokers must complete continuing education for each renewal cycle. The required hours and course structure can vary by renewal period and by the date the license was first issued.
For the 2026 broker renewal cycle, IDFPR materials identify a 12-hour continuing-education requirement consisting of core and elective education, while also distinguishing post-license requirements for recently issued licenses. Because requirements may change for later renewal periods, check the current IDFPR renewal fact sheet before selecting courses.
Continuing-education courses must be completed through an IDFPR-approved real estate education provider. Brokers should:
Real estate income is highly variable. Brokers and agents may be paid through commissions, fees, salary arrangements, or combinations established by their brokerage and transaction agreements. Income can fluctuate substantially based on sales volume, market conditions, commission arrangements, expenses, experience, and whether the professional works full time.
The U.S. Bureau of Labor Statistics reported Illinois mean annual wages of $44,510 for real estate sales agents and $100,160 for real estate brokers in its May 2022 state occupational wage data. These figures are statewide occupational estimates, not guarantees for a new licensee and not Lakemoor-specific earnings.
New brokers should budget for expenses such as:
Because many real estate professionals do not receive a traditional fixed salary, it may take time to build a client base and generate consistent closings.
A Lakemoor-based licensee may pursue several real estate paths, depending on experience, brokerage structure, and market focus:
Local success usually depends on relationship-building, responsiveness, accurate communication, ethical conduct, and knowledge of the communities served. A Lakemoor agent may also work with clients across the broader region, subject to Illinois licensing and brokerage requirements.
Avoid representing yourself as independently authorized to practice until your license is active and properly sponsored. Real estate advertising must also comply with Illinois law and the policies of your sponsoring brokerage.
Use this checklist to organize the process:
No. Illinois issues the real estate broker license at the state level. You do not apply for a separate Village of Lakemoor real estate license merely because you want to serve Lakemoor clients.
Illinois requires 75 hours of approved broker pre-license education: 60 hours of broker topics and 15 hours of interactive applied real estate principles.
Online options are available, but the course must meet Illinois approval and delivery requirements. Confirm the provider’s current approval and attendance rules before enrolling.
Yes. An Illinois broker must be sponsored by a sponsoring broker to practice real estate.
New brokers must complete 45 hours of approved post-license education during the first renewal period. The deadline depends on the applicable license cycle.
There is no single all-in cost. Expenses may include education, examination, fingerprinting, application, and brokerage-related charges. Verify current fees directly with IDFPR and the examination provider.
There is no guaranteed income. Statewide wage data can provide general context, but earnings vary by experience, transaction volume, brokerage arrangement, expenses, and market conditions. Illinois wage estimates should not be treated as a prediction of Lakemoor earnings.
Possibly. A criminal record may require disclosure and review, but it does not necessarily result in automatic denial. Follow IDFPR’s current disclosure and background-check instructions carefully.
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