45 Hour Post License Requirement | Chicago Association of REALTORS®

45 HOUR POST LICENSE REQUIREMENT

You Need To Take This If:

If you were originally licensed between November 1,  2019 and October 31, 2021 you need to complete the 45 Hour Post-Licensing Package for your first license renewal period ending April 30, 2022.

If you were originally issued a Broker License on or after November 1, 2021, the license issued during this period will have an expiration date of April 30, 2024. 45 Hours of Post License Education is required to be completed by April 30, 2024.

PLEASE NOTE: If you need to look up the issue date of your license, please utilize this link, as it is the only place that gives you the issue date of your license.


About the 45 Hour Course

The 45 Hour Broker Post License Requirement (composed of three, 15-hour courses) needs to be completed for your first renewal. The three required courses address core topics essential to the development of a newly-licensed real estate broker, including Illinois license law, agency obligations and disclosure, purchase agreements and other contracts, fair housing, antitrust, transaction handling, working with sellers and buyers, risk management, ethics, advertising and professional development.

Pro tip! After you complete Part 2, you will have satisfied the sexual harassment prevention training requirement.

  • Part 1: Transactional Issues – 15 Hours
  • Part 2: Risk Management/Discipline – 15 Hours
  • Part 3: Applied Broker Principles – 15 Hours

Students are required to take all three parts to satisfy the 45 Hour Broker Post License renewal requirement.


Transactional Issues (15 Hours – Part 1)

In this course you will learn:

  • Transaction Handling
  • Working With the Seller Client
  • Supporting the Listing
  • Working With the Buyer Client
  • Handling Purchase Transactions
  • Transaction Practicum
  • Practical Property Management

Learning Objectives:

  • Identify the fiduciary duties owed to a seller client and describe the requirements for handling dual agency situations.
  • Describe the purpose and provisions of different types of listing agreements.
  • Consider strategies for meeting with sellers and preparing a successful listing and walk through a case study scenario about taking the listing.
  • Describe how to identify appropriate properties and perform a comparative market analysis.
  • Recall the disclosure obligations of a seller and a real estate licensee related to property condition.
  • Consider strategies for marketing and showing listed property.
  • Identify the fiduciary duties owed to a buyer client and describe the requirements for handling dual agency situations.
  • List strategies for determining a buyer’s needs and wants and walk through the calculations necessary to financially pre-qualify a buyer client.
  • Consider solutions to a number of buyer scenarios that occur during the buying process and walk through a case study scenario about working with a buyer.
  • Recall the process of offer and acceptance.
  • Identify steps and techniques for managing a negotiation between two parties and facilitating the process of mediation and arbitration.
  • Analyze various situations in a real estate transaction and indicate the best course of action
  • Identify the scope of a property manager’s obligations and responsibilities.
  • Recognize the use of various commercial leases and identify the purpose of common clauses.
  • Apply the factors necessary to calculate rent on commercial leases.

Final Examination:
This course requires a 50 question final exam. That must be passed with a 75% to receive credit for the course per state law.

Upcoming Courses

Online Tuition: $125 – Register Here
Tuition: Members – $125 | Non-Members: $135
All Day Sessions: 9:00 AM – 4:30 PM

11/15/21 – 11/16/21 All Day Sessions Live Webinar

Risk Management/Discipline (15 Hours – Part 2)

This course satisfies the sexual harassment prevention training requirement.

In this course you will learn:

  • Principles of Fair Housing
  • Fair Housing Issues Throughout a Transaction
  • Fair Housing Administrative Decisions and Recent Cases
  • Antitrust Awareness
  • The Brokerage Office
  • Disclosure Obligations
  • Sexual Harassment
  • Transaction Handling
  • Safety Issues in Real Estate
  • Licensee Discipline

Learning Objectives:

  • Recall the federal laws that address fair housing and anti-discrimination and identify the protected classes.
  • Recognize violations of fair housing laws and recall how fair housing laws are enforced.
  • Recognize fair housing issues that can arise at different stages of a sales or rental transaction.
  • Recognize fair housing issues arising from recent HUD administrative decisions and court cases.
  • Recognize key federal antitrust statutes and court cases and recall possible penalties.
  • Identify practices that violate antitrust laws, recall strategies for compliance, and respond to ethical scenario activities.
  • Recall the process for handling escrow accounts and monies.
  • Recall brokerage-related issues that can put licensees at risk for discipline or litigation and recognize strategies for minimizing risk.
  • Contrast independent contractors and employees.
  • Recall a licensee’s disclosure obligations related to property condition and material facts.
  • Discuss a licensee’s statutory disclosure obligations related to issues such as licensure, interest, compensation, and offers.
  • Identify actions that would violate laws prohibiting sexual harassment.
  • Recall disclosure requirements of key federal lending laws, including TILA and RESPA, and their impact on real estate transactions.
  • Identify common elements in a typical purchase agreement, including typical contingencies, and considerations for handling offers and counteroffers.
  • Identify strategies for protecting yourself and your clients when showing property.
  • Recall tools, techniques, software, and apps that will help protect you and your clients from cybercrime.
  • Recognize actions that violate the Illinois Real Estate License Act and the disciplinary actions that can result.
  • Consider the consequences of license law violations on Illinois real estate licensees.

Final Examination:
This course requires a 50 question final exam. That must be passed with a 75% to receive credit for the course per state law.

Upcoming Courses

Online Tuition: $125 – Register Here
Tuition: Members – $125 | Non-Members: $135
All Day Sessions: 9:00 AM – 4:30 PM

11/17/21 – 11/18/21 All Day Sessions Live Webinar

Applied Broker Principles (15 Hours – Part 3)

In this course you will learn:

  • Illinois Real Estate Brokerage
  • Real Estate Agency
  • Advertising
  • Tax Issues in Real Estate
  • The Real Estate Professional
  • Market Knowledge
  • Ethical Choice Activities

Learning Objectives:

  • Recall real estate licensure requirements in the State of Illinois and walk through a case study scenario about unlicensed assistants and permitted activities.
  • Identify careers and specializations in the field of real estate.
  • Define the purpose of and statutory requirements for different types of brokerage agreements.
  • Identify an agent’s fiduciary duties, the legal forms of agency in Illinois, and the appropriate handling of agency disclosure obligations.
  • Recall statutory requirements for handling escrow accounts and walk through a case study scenario about handling an earnest money deposit.
  • Consider challenges and issues associated with forming real estate teams within a brokerage.
  • Define ethics and recall its application to real estate advertising.
  • Identify Illinois-specific laws and regulations related to advertising brokerage services and property.
  • Recall federal laws and good practices that protect consumer privacy and identity.
  • Recognize the tax benefits of owning real property.
  • Recall the beneficial purposes of property tax and perform various taxation calculations.
  • Identify the decisions necessary to create a detailed business plan and prepare for tax issues.
  • Recall various strategies for reaching prospective clients.
  • Describe strategies for success in networking with other professionals.
  • Recall sound business practices for maintaining quality relationships and limiting liability exposure.
  • Identify physical, economic, governmental, and social forces that influence the real estate market.
  • Discuss the scope of knowledge and benefits that a real estate licensee brings to a real property transaction.
  • Analyze various situations that present an ethical dilemma for real estate licensees and indicate the best course of action.

Final Examination:
This course requires a 50 question final exam. That must be passed with a 75% to receive credit for the course per state law.

Upcoming Courses

Online Tuition: $125 – Register Here
Tuition: Members – $125 | Non-Members: $135
All Day Sessions: 9:00 AM – 4:30 PM

11/22/21 – 11/23/21 All Day Sessions Live Webinar

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