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Now is a great time to get started as an agent, especially in Chicago—the country’s third-largest city by population and one of the country’s hottest real estate markets. We’ve reviewed four of the most popular Illinois real estate schools and are ready to share what we’ve learned.
We understand that you’re ready to dive into a new career in real estate, but before you do, you’ll need to complete a 75-hour prelicensing course. Take a look at our recommendations for the best online real estate education providers.
4 Best Illinois Real Estate Schools for 2023
(Illinois prelicensing package prices as of May 2023)
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Illinois Real Estate Governing Body:
IDFPR Division of Real Estate
schedule
Prelicensing Requirements:
75 Hours
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Post-licensing Requirements:
45 Hours Within 2 Years
school
Continuing Education Requirements:
12 Hours Every 2 Years
Illinois Real Estate Schools: Helpful Info
To become a real estate broker in Illinois, you must first take a 75-hour prelicensing course before you sit for the exam. There are several important pieces of information that you need to know before choosing from the many Illinois real estate schools that offer this course.
The first is that, in Illinois, real estate agents who hold a supervisory role are called managing brokers, and all agents—even brand-new ones—are referred to as brokers. This may be confusing since most states use the word “broker” to refer to someone who has received additional training and passed a second state licensing exam that entitles them to manage agents.
Once you complete 75 hours of study, pass the state’s broker exam, obtain your license, and get hired by a managing broker, you can begin your career. Note that the state of Illinois no longer requires the 15-hour interactive course on real estate principles. Here are the types of course packages Illinois real estate schools offer:
Prelicensing Courses
The first step to becoming a real estate broker in Illinois is to enroll in the 75 hours of prelicensing courses that are required by the state. If you need more guidance on the process of getting licensed in Illinois, check out our guide, How to Become a Real Estate Agent in Illinois, for more details.
Exam Prep Courses
The broker test includes both national and state-specific questions. If you’re anxious about the licensure exam, it’s only natural to purchase test prep materials to help you study. Most schools here on our list include exam prep materials in their prelicensing packages.
Post-licensing Courses
Within two years of obtaining your initial license, you’ll need to take 45 hours of post-licensing courses. It might feel like it’s still too early to think about post-licensing now, but do remember the features of your chosen prelicensing course provider that you like best. It’s often easiest to stick with the same school for your post-licensing.
We know that finding schools that can fulfill these needs may seem overwhelming, but don’t worry. We’ll help you choose the right Illinois real estate school to help you get licensed and succeed in your new career. Let’s take a deep dive.
Best Overall Illinois Real Estate School: Colibri Real Estate
Colibri Real Estate Offers:
- Prelicensing
- Exam prep
- Post-licensing
- Managing broker prelicensing
Colibri Real Estate’s programs are affordable and highly rated. They’ve created successful online real estate education programs for dozens of states, so they’re good at what they do.
You’ll be required to learn a lot of complicated material when becoming a real estate broker in Illinois. Colibri Real Estate presents this detailed information in a clear, concise format. The essential material is often repeated, giving you ample opportunities to learn it.
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Colibri Real Estate Pricing
Colibri Real Estate offers four 75-hour, self-paced online course packages for prelicensing in Illinois. They also offer a livestream course option. We’ve listed each package at the regular price, but they often go on sale.
- The Basics ($356): This entry-level package is for a “disciplined self-starter.” However, the package is far from basic, as it also includes three real estate e-books and state-approved instructor support via email and phone.
- Exam Preparation ($470): This package includes everything in the previous package, exam prep, and a Pass or Don’t Pay guarantee. The company’s exam prep includes simulated exams, audio review guides, and flashcards.
- Exam Preparation Plus ($555): For $85 more, you’ll receive everything in the previous packages as well as access to state-approved instructors via a live Q&A.
- Ultimate Learning ($670): This top-tier package includes everything in the previous one, as well as a printed textbook. You’ll also receive a one-year membership with McKissock, a professional development company.
- Livestream Learning ($649): This package includes scheduled classes during the week from 9 a.m. to 5 p.m. or evenings only. It also includes the Pass or Don’t Pay guarantee, visual learning videos, and a printed copy of the school’s textbooks.
(Illinois prelicensing package prices as of May 2023)
Readers of The Close can SAVE 25% on any Colibri Real Estate prelicensing course in Illinois. Use promo code TheClose25 at checkout.
BEST FEATURE: It takes a highly skilled team of people to develop an online course that is attractive, informative, and interactive. While some local real estate companies may offer at-your-own-pace online instruction, it’s tough to compete with the professional quality of courses that Colibri Real Estate provides.
ROOM TO IMPROVE: Because Colibri Real Estate specializes in online, at-your-own-pace education, it will be difficult for you to interact with your peers or instructors unless you choose the Livestream Learning package.
BOTTOM LINE: Colibri Real Estate specializes in an easy-to-use, self-paced online format. If you want a seamless learning experience for your prelicensing course, you won’t be disappointed with Colibri Real Estate.
Best Illinois Real Estate School for Career Resources: Kaplan
Kaplan Offers:
- Prelicensing
- Exam prep
- Post-licensing
- Continuing education
This company has been in the test and exam prep business since 1938, so they know a thing or two about preparing people for exams and new careers. In particular, we like Kaplan’s Career Launcher Program. This online, interactive class connects you with professionals in the real estate industry who can offer business advice on launching and growing your career. You’ll also have one-on-one sessions with career counselors so that you can ask questions about your unique situation.
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Kaplan Pricing
Here are the four packages that Kaplan offers.
- Illinois 75-hour Broker Licensing With Master Exam Prep Online Package ($489): This package includes many resources to help you prepare for the Illinois broker exam. Besides the 75 hours of prelicensing class hours, you’ll also receive an online bank of practice questions from both the national and state portions of the exam, weekly live webinars, and access to a live interactive study session and community forum.
- Illinois 75-hour Broker Licensing with Master Exam Prep Hybrid Package ($489): This includes everything in the above package, plus the freedom to mix interactive live online and self-paced videos.
- Career Launcher Online Package ($689): This includes everything in the previous package, as well as resources that’ll help you prepare for your career: the eight-hour Real Estate Accelerator course and eight weeks of professional coaching.
- Career Launcher Hybrid Package ($689): You’ll get everything from the above package and an option to mix the live videos with self-paced courses.
(Illinois prelicensing and interactive package prices as of May 2023)
Readers of The Close can SAVE 5% on any Kaplan prelicensing course in Illinois. Use promo code KAPRE5 at checkout.
BEST FEATURE: Kaplan is the only real estate education company on our list that offers the prelicensing course in a hybrid format.
ROOM TO IMPROVE: Kaplan’s prelicensing packages are expensive. Their most basic package is $489, which is quite a bit more than the entry-level package offered by other companies on our list. Check out The CE Shop or Colibri Real Estate for more affordable options.
BOTTOM LINE: The fact that Kaplan offers post-licensing, continuing education, and professional development courses makes Kaplan a one-stop shop for all your Illinois real estate education.
Related Article
Can You Be a Part-time Real Estate Agent? (+ Free Guide & Videos)
Best Illinois Real Estate School for Students on a Budget: The CE Shop
The CE Shop Offers:
- Prelicensing
- Exam prep
- Post-licensing
- Continuing education for brokers and managing brokers
- Managing broker prelicensing
While The CE Shop initially offered only continuing education (CE) courses, they now offer classes that help you start your career as well. They include business e-books, flashcards, a real estate glossary, and a study schedule in all their prelicensing packages.
Amazingly, The CE Shop can offer all of these resources at reasonable prices. They’re highly rated, and each package includes resources on getting hired by a managing broker.
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The CE Shop Pricing
The CE Shop has four prelicensing packages for Illinois.
- Courses Only ($359): You’ll love The CE Shop’s interactive, self-paced content. It will keep you interested in the material through the entirety of the course.
- Standard Package ($419): You’ll receive the course and exam prep materials with the Standard Package. You’ll also receive a pass guarantee that’ll refund you the $55 fee you spent on the licensing exam if you have to retake it.
- Value Package ($475): You’ll receive everything in the previous package plus business-building courses designed for new agents. They’ll give you tips on organizing an office and launching your career.
- Premium Package ($725): As we mentioned, The CE Shop got its start offering continuing education courses. Their Illinois Premium Package includes everything from the previous package as well as all the post-licensing courses you’ll need to renew your license for the first time.
(Illinois prelicensing package prices as of May 2023)
Readers of The Close can SAVE 35% on The CE Shop prelicensing course in Illinois. Use promo code TheClose35 at checkout.
BEST FEATURE: Starting a real estate business is more than just getting a license and finding a brokerage. In order to be successful, you also need to know what it takes to get a real estate operation off the ground. We love the affordable options provided by The CE Shop, and included in those options are courses such as Building Your Sphere and Is Commercial Real Estate Right for You?
There’s always a concern that, when it comes to online real estate schools, you get what you pay for in terms of quality and content. But The CE Shop exceeds expectations by including this premium content in its value package.
ROOM TO IMPROVE: Even though The CE Shop offers affordable, high-quality courses, you have to be self-disciplined to get through the sometimes dry material on your own. If you’d rather your classes were scheduled each week, consider enrolling in the Inland Real Estate School’s live, online class.
BOTTOM LINE: If you like The CE Shop, you can return to them repeatedly throughout your career for affordable continuing education courses.
Best Illinois Real Estate School for Live, Online Instruction: Inland Real Estate School
Inland Real Estate School Offers:
- Prelicensing
- Exam prep
- Post-licensing
- Managing broker prelicensing
Inland Real Estate School has been perfecting their real estate courses for over 20 years. Within that time, they’ve helped more than 12,000 students get licensed.
Some agents might struggle getting through an online course that teaches less-than-exciting material. If you learn best in an interactive classroom, enroll in Inland Real Estate School’s livestream or in-person prelicensing classes. Note that their in-person classes are only available in Oak Brook.
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Inland Real Estate School Pricing
Inland Real Estate School two packages for prelicensing.
- Self Study ($527): 75 hours of coursework at your own pace with everything included to prep for the exam.
- Live Prelicense ($577): Inland Real Estate School offers its 75-hour course Monday through Friday over the course of three weeks. Students can choose between morning and evening classes and attend in person or through a livestream service.
(Illinois prelicensing package prices as of May 2023)
BEST FEATURE: We love that the instructors at Inland Real Estate School have decades of real estate experience and that their courses are highly rated. They made this list because they provide a service for those who need a living, breathing person to teach complicated material.
Even if you attend the live course from the comfort of your own home, you’ll still have access to a teacher. You’ll be able to learn from other students’ questions and ask for clarification when you need it as well.
ROOM TO IMPROVE: Inland Real Estate School offers in-person tutoring sessions, but they’re expensive at $75 an hour. For budget-friendly, quality exam prep materials, take a look at the packages The CE Shop has to offer, as they include exam prep and a free five-day trial.
BOTTOM LINE: Inland Real Estate School has trained thousands of real estate agents. You’ll learn a lot about the unique world of Chicagoland real estate when you take your prelicensing courses with them.
How We Selected the Best Real Estate Schools in Illinois
To come up with this list of best real estate schools in Illinois, our team at The Close scored the schools based on course offerings, pricing, schedule flexibility, ease of use, web interface, instructor support, and more. Read more about our methodology here.
Illinois Real Estate Schools FAQs
Got questions? We’ve got answers! Below you’ll find answers to some of the most frequently asked questions about Illinois real estate schools.
Can I get my Illinois real estate license online?
You can complete the majority of the requirements needed to get your real estate license online in Illinois. Your prelicensing course can be done online, either self-paced or through livestream classes. However, you’ll need to take the broker license exam in person.
To learn more about the licensing process, see our checklist below. For an in-depth look, read How to Become a Real Estate Agent in Illinois.
How much does it cost to get my real estate license in Illinois?
It costs between $650 and $1,000 to get your real estate license in Illinois. To help you better understand your investment, here is how the cost is generally broken down for prospective brokers in Illinois.
- Prelicensing course ($300-$600)
- Optional exam prep materials ($135)
- Illinois broker exam fee ($58)
- Broker license application fee ($125)
How long does it take to become a real estate broker in Illinois?
With a good work ethic, it can take you as little as three months to become a real estate broker in Illinois. Most people tend to take about six months to a year to complete their studies, depending on their schedule.
How long it takes you to become a real estate broker depends on how much time you need to confidently pass your prelicensing course and your license exam. Some livestream classes run full time during the week and finish in as little as two weeks. So, you have flexibility to set your own timeline to complete the courses and exam.
Are self-paced or livestream classes better when choosing an online real estate school?
This depends solely on your learning style and motivation. Both livestream and self-paced course options cover the same material, so theoretically you have the same odds of success regardless of your decision. Consider asking yourself the following questions to narrow down the best option for you:
- Can I make a study schedule and stick to it?
- Do I prefer the accountability of a scheduled class?
- Am I likely to become distracted and push back my self-paced schedule?
- Do I have commitments that require a flexible learning schedule?
- Do I prefer interacting with others while I learn?
How many Realtors are there in Illinois?
According to the National Association of Realtors’ data, there are 50,252 Realtors in Illinois. This is a very slight increase from the previous month, and a 2.15% decrease from this time last year.
How much do real estate agents make in Illinois?
Of course, it all depends on the number of deals and the commission splits, but according to Indeed.com, the average real estate agent in Illinois makes $86,021 per year. Agents in Chicago top the average, making $87,824. Agents with 10 or more years of experience may make about $16,000 more a year.
What’s the average home price in Illinois?
According to Zillow, the home values in Illinois are up 2.7% over the last year, settling in right at $242,349. Chicago values are higher, on average, at $281,259.
Related Article
Real Estate Broker vs Agent: A Head-to-Head Analysis
Bringing It All Together
You’ve learned a lot about the licensing process and the best Illinois real estate schools in this article. You can dig deeper in How to Become a Real Estate Agent in Illinois.
We’re thrilled to be a part of your journey toward finding the right real estate school and becoming a real estate broker in Illinois. If you have more questions, please drop them in the comments section of this article. We’d love to hear from you!
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