Illinois 12-Hour Broker Management

Overview

The Real Estate License Act of 2000 sets forth the duties and responsibilities of Illinois brokers when conducting real estate transactions. This course discusses changes to the Act as they relate to advertising, supervision, training, teams, agency, and licensing requirements. It also explores the important supervisory duties that designated managing brokers have when working with licensees and new broker licensees with regard to escrow, brokerage agreements, transactions, agency disclosure, advertising, and virtual management. The course concludes with a discussion of the importance of developing comprehensive office policies and procedures addressing critical areas of real estate brokerage practice.

The course meets the mandatory 12-hour broker management CE requirement.

Learning Objectives

Upon conclusion of this course, you should be able to:

  • summarize the 2019 amendments to the Act and the importance of these amendments
  • illustrate how to comply with Illinois' advertising requirements
  • explain changes to definitions in the Act and newly defined terms
  • describe the advertising rules applicable to teams
  • summarize designated managing brokers' supervision duties
  • explain the requirements to obtain a broker, designated managing broker, and residential leasing agent license
  • relate the importance of employment and independent contractor agreements
  • articulate the importance of agency policies and procedures in a real estate company
  • discuss the responsibility company management has in the training and supervision of licensed associates and the documentation of those responsibilities

Designed For

Illinois sponsoring brokers and designated managing brokers

Find this course for your license:

License or Certification

Regulator

Type