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Real Estate
The College of Lake County is certified by the Real Estate Division, Illinois Department of Financial and Professional Regulation under the Illinois Real Estate Brokers and Sales License Action of 2000. A student must meet all requirements under the Act to be able to file to take the Salesperson's or the Broker's Examination given by the State of Illinois.
Course Description and Schedule Information
| Subj | Catno | Course Title |
|---|---|---|
| PRLE | 1 | Real Estate Transactions |
| PRLE | 10 | Real Estate Refresher - Core |
| PRLE | 11 | Real Estate Refresher - Elective |
| PRLE | 15 | Broker Management |
| PRLE | 30 | Contracts and Conveyancing |
| PRLE | 31 | Advanced Principles of Real Estate |
| PRLE | 32 | Real Estate Finances |
| PRLE | 33 | Property Management |
| PRLE | 34 | Broker Administration |
| PRLE | 35 | Real Estate Investing |
| PRLE | 39 | Real Estate Review |
| PRLE | 40 | Home Inspection |
| PRLE | 70 | Mortgage Loan Originator |
| PRLE | 74 | Mortgage Loan Originator Refresher |
Frequently Asked Questions
What are the prerequisites for taking real estate classes?
CLC has no prerequisites to take sales or broker courses; however, the state of Illinois does have requirements to qualify to take its state license exams.
What are the prerequisites for obtaining a real estate license?
Prior to receiving an Illinois Real Estate license one must:
- Be a least 21 years old;
- Have graduated from high school or obtained an equivalent degree;
- Have completed the required real estate education hours at an approved school; and
- Pass a state license examination.
To become a salesperson in Illinois, you are required to successfully complete an approved pre-license course of 45 hours. Here at CLC we offer the 45-hour class, Real Estate Transactions & Math (PRLE 1).
To become a broker in Illinois you are required to successfully complete a total of 120 hours of pre-license education (can be done by combining the 45 hours of salesperson education with 75 hours of broker education). Here at CLC we offer the 75 hours of broker education through 5 separate topics, 15 hours each (PRLE 30-34).
Please visit www.idfpr.com for additional details, and for exceptions to the age and real estate course requirements.
The Illinois Department of Financial and Professional Regulation does not require that these courses (including PRLE1) be taken in any particular order; however, it is recommended that candidates take PRLE 1 prior to taking the broker series, since the broker course curriculum presumes knowledge of the PRLE 1 content.
What are the costs associated with taking these classes?
The 45-hour pre-license salesperson course (PRLE 1) has a cost of three credit hours plus approximately $50 for a required textbook. Broker classes are $95 per course and utilize the same textbook as PRLE 1.
What is the difference between a salesperson and a broker?
Essentially, an individual with a broker's license is able to perform all of the functions of a salesperson, but also is able to do so without being sponsored by anyone. A person holding a sales license must be sponsored by a broker in order to be active.
Am I required to have a sales license before earning a broker's license?
Candidates are no longer required to earn a sales license prior to taking the broker licensing examination; therefore, a candidate can take all 120 hours of pre-license education, and take the broker examination.
If I have a real estate license from another state, can I get a license in Illinois?
The Illinois Department of Financial and Professional Regulation dictates reciprocity for licenses. Information is available on their website - www.idfpr.com
What must I do to obtain a home inspector's license?
PRLE 40, Home Inspection fulfills all education requirements and is designed to prepare students to take the state licensing examination for home inspectors. This 60-hour course covers all major elements of home inspection. In addition to meeting the course requirement (PRLE 40), an applicant for the State of Illinois licensing examination must be a high school graduate of 21 years of age.
Please contact the Office of Continuing Professional Development if you have additional questions.
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