Broker License Renewal: Only eight more days until April 30 deadline

We are just eight days away from the April 30 real estate broker license renewal deadline set by the Illinois Department of Financial & Professional Regulation (IDFPR).

Brokers, what do you need to do?

First, check the IDFPR CE Look Up and IAR Education Look Up to see if you have completed the required Education for your renewal category.

Brokers who transitioned from the salesperson license or were licensed BEFORE Feb. 1, 2012 need 12 hours of CE (minimum of 6 hours Core CE and maximum 6 hours elective CE).

Brokers who were licensed under the new 90-hour prelicensing requirements whose first license EXPIRES April 30, 2014 just complete and pass the 30-hour Broker Post-License Course.

Brokers licensed ON OR AFTER Feb. 1, 2014 do not renew until April 30, 2016.

If you’ve completed all the required Education, it’s time to submit your renewal application to IDFPR along with the $150 State of Illinois licensing fee by April 30, 2014.

If you still need some Education, what are your options with just eight days left?

1 – Brokers who need 12 hours CE or just a few more CE credits

If you are just getting started, IAR offers an online 12-Hour Package plus online proctored exam, that will take care of all the requirements for just $98. Timing is important. You must schedule your online proctored exam 72 hours in advance, which means don’t put this off until the last day!

If you just need a few CE credits, you can take a home study course or online course and schedule your proctored exam via education@iar.org. Some classroom options remain.

2 – Brokers who need the 30-hour Broker Post-License Course

Take the “last chance” April 28 & 29 Broker Post License Applied Real Estate Practices 15-hour interactive course, which includes the proctored exam.

Combine the interactive course with the 15-hour Broker Post License Topics home study to complete the 30-hour requirement.

The clock is ticking! Questions? education@iar.org

 

Industry Leaders Council hears from IDFPR official, author

Attending the Illinois Association of REALTORS® Industry Leaders Council were, from left to right, Manny Flores, acting director of the Illinois Department of Financial and Professional Regulation; Dean Rouso, of Baird & Warner and chair of the meeting; and Jill Johnson, IDFPR's real estate coordinator.

The Illinois Association of REALTORS® Industry Leaders Council kicked off on Wednesday, April 23, 2014, with a morning of presentations on real estate law and trends on the real estate business.

The meeting is for real estate firms with 50 or more agents. It met at the Chicago Marriott Oak Brook.

On the schedule are:

  • Manny Flores, acting secretary of the state Department of Financial and Professional Regulation.
  • Steve Murray, author of Game Changers: The Unfounded Fears and Future Prosperity of the Residential Real Estate Industry. Murray is with Real Trends.
  • John A. Kauerauf, IAR’s board counsel on the impact of the state’s Concealed Carry law and how it applies to real estate brokerages.

The meeting was to be chaired by Dean Rouso of Baird & Warner.

Legal webinar planned: Drones, Phones and Video

IAR’s legal team will discuss video and audio recordings by sellers of buyers, videos and photos recorded by buyers, a recent Illinois Supreme Court case regarding surveillance issues and commercial use of drones in the real estate brokerage industry.

The event is Tuesday, April 29, 2014 at 9:30 a.m.

If you have something you would like to hear about, you may send your question in advance to webinar@iar.org. Questions will be answered during the webinar; however, priority will be given to those received in advance.

Sign up for the members-only webinar here. (Login required.)