2012 - 2013 Continuing Education Requirements

 

Broker

Broker License renewal period is May 1, 2010 - April 30, 2012.  A broker not wishing to manage an office must renew his broker license (non-managing) by April 30, 2012.  The licensee will need 12 hours of continuing education earned between May 1, 2010 and April 30, 2012 at the time of renewal.  An individual with a broker's license may not sponsor his own license and must be associated with a sponsoring broker. 

 

  6 hours must be in Core areas and include Core A: Agency, License Law and Escrow and Core B: Legal Issues.  6 hours may include additional Core B: Legal issues or Elective courses.

 

If a broker licensee renews after April 30, 2012, he may renew anytime prior to April 30, 2014 by completing the CE requirements, paying a renewal, late fee and submitting a renewal notice in the name of the sponsoring broker. 

 

Managing Broker

 The licensee must transition to managing broker by April 30, 2012.  The transition may be accomplished by proficiency exam or 45 hour class.  The expiration date of the new managing broker license has been extended to April 30, 2013.  If the transition was by exam, the licensee will need 30 hours of continuing education earned between May 1, 2009 and April 30, 2012 at the time of renewal. 

 

 9 hours must be in Core areas and include Core A: Agency, License Law and Escrow and Core B: Legal Issues.  9 hours may include additional Core B: Legal issues or Elective courses.  In addition, the managing broker will need an additional 12 hours of broker management continuing education.  If the licensee transitioned by the 45 hour class option, the 12 hour broker management continuing education requirements at renewal are waived. 

 

Practicing Illinois Attorneys are exempt from the continuing education requirements.

 

Course Description and Fees

Home Study Correspondence Courses 

Core Course A: Agency, License Law and Escrow   #564.000367       
3 Hour Mandatory/Core Course - Course Fee $25.00

Core Course B Legal Issues: Fair Housing - Core Course B  #564.000911                                                 
3 Hour Mandatory/Core Course - Course Fee $25.00

Core Course B Legal Issues: The Skilled Real Estate Professional  #564.001939
6 Hour Mandatory/Core Course - Course Fee $50.00

Mortgage Fraud in the Marketplace - Elective #564.001948
3 Hour Elective Course - Course Fee $25.00 

Environmental Issues - 3 hour elective Course #564.000368

Course includes laws and regulations, air, water, and toxic elements -
Course Fee $25.00 

 

Professional Ethics  - 3 hour elective Course #564.001382                                                
Meets NAR Code of Ethics Training due in 2012 - Course Fee $25.00

Bundled Savings
 

12 Hour Package

Course includes:  3 hour Core A: Agency, License Law and Escrow, 6 hour Core B: Skilled Real Estate Professional, 3 hour elective, Mortgage Fraud in the Marketplace - Course fee $75.00 

15 Hour Package
Designed for the licensee who transitioned by proficiency exam and licensed Core A exam prep.  Course includes: 3 hour Core B: Fair Housing,  33333   6 hour Core B: Skilled Real Estate Professional, 3 hour elective, Mortgage Fraud in the Marketplace and 3 hour elective and Environmental Issues, 3 hour elective

Course fee $90.00

18 Hour Package
  Course includes: 3 hour Core A: Agency, License Law and Escrow, 3 hour Core B: Fair Housing,  33333   6 hour Core B: Skilled Real Estate Professional, 3 hour elective, Mortgage Fraud in the Marketplace and 3 hour elective and Environmental Issues, 3 hour elective - Course fee $110.00

To order on line, proceed to Course Catalog.