LICENSING REQUIREMENTS
The following is an overview of the Illinois licensing requirements for:

• Real Estate Salespersons
• Real Estate Brokers
• Real Estate Appraisers

REAL ESTATE SALESPERSON
To be eligible for the Illinois Real Estate Salesperson Examination candidates must be...

• At least 21 years of age
• Be a high school grad or have obtained a G.E.D. and must successfully complete the 45 Hour Real Estate Transactions Course.

REAL ESTATE BROKERS
To be eligible for an Illinois Broker License you must be...

• At least 21 years of age (there is an 18 Year old exemption…see note above)
• Be a high school grad or have obtained a G.E.D.
• Successfully complete 75 or 120 Hours of Broker Real Estate Course work.

Please note that while it is approved by the Illinois Department of Financial and Professional Regulations, we do not recommend non-licensed candidates go directly to Broker License status. It is our experience that students do not fare well on the state Broker exam and are not adequately prepared for the real estate industry. It is much better for Candidates to be licensed salespersons for a minimum of 12 months prior to taking additional Broker courses. The exception to this would be if you are an actively licensed salesperson or broker in another state.

Broker Candidate Students take the following courses:

• 45 Hour Real Estate Transactions (Mandatory if you are not an active salesperson in Illinois)
• 15 Hr Contracts & Conveyances (Mandatory)
• 15 Hr Advanced Principles 2000 (Mandatory)
• 15 Hr Brokerage Administration (Mandatory)

• 15 Hr Appraisal (Elective)
• 15 Hr Finance (Elective)
• 15 Hr Sales and Brokerage (Elective)
• 15 Hr Property Management (Elective)

REAL ESTATE APPRAISERS
An appraiser must be licensed to do any federal related transaction or any assignment where the client requests or requires a licensed appraiser. There are three levels of Appraisal Licensing in Illinois. The first level of licensing is an Associate Appraiser - 157. An Associate Appraiser must work under the supervision of a State Certified Appraiser for a minimum of two years. To be eligible for the state licensing examination, candidates must meet the following requirements:

• Successfully complete 75 hours of pre-license course work:
  1. Uniform Standards of Professional Appraisal Practice (USPAP) – 15 Hr (formerly IL-1)
  2. Basic real estate appraisal principles – 30 Hr (formerly IL-II)
  3. Basic appraisal procedures – 30 Hr (formerly IL-III)
• Complete an appraisal application. Application can be found at www.goamp.com
• Submit proof of course work in the form of an original sealed school transcript
• Submit proof of course work in the form of an original sealed school transcript. Transcripts, for all curriculums, are valid indefinitely.
• Also, a Non-Resident Consent Form needs to be completed if the applicant lists an out-of-state address.

The second level of Licensing is a Certified Residential Appraiser - 156. After two years, an Associate Appraiser may upgrade to a Certified Residential Appraiser. The Certified Residential Appraiser candidate is solely responsible for their own work and can open their own appraisal company. Certified Residential Appraisers are qualified to appraise residences and up to 4 units of housing, under appraiser certification law. Standards call for less education, less experience, and less comprehensive exam than for General Certification. To obtain the 156 level of licensing candidates must:

1. Take additional classes (see below)
   1. Appraisal Approaches – 30 hours
   2. Appraisal Statistics, Valuation Cores, Finance, USPAP Update & Report Writing - 15 hours
2. 2. Provide the state with a two-year Experience Log. LOG-APP – Must provide evidence of obtaining 2,500 hours of appraisal experience during no fewer than 24 months. Land area and building square footage must be completed for each appraisal listed on the log. For condominiums, they must write in “condo”. There is no time limit on how far back experience can be used. Obtain the form at http://www.obre.state.il.us/realest/Forms/logapp.pdf
3. Submit proof of course work in the form of an original sealed school transcript. Transcripts, for all curriculums, are valid indefinitely.
4. Take the Certified residential Exam. For a copy of the Appraiser Candidate Handbook go to www.goamp.com.
5. Complete an appraisal application which can be found at www.goamp.com.

The third level of licensing is the Certified General Appraiser – 153. To be eligible for this examination, candidates must meet the following requirements:

• Prove successful completion of 180 hours of pre-license course work:
  1. Uniform Standards Of Professional Appraisal Practice (USPAP) – 15 Hours (formerly IL-1)
  2. Basic Real Estate Appraisal Principles – 30 Hours (Formerly IL-2)
  3. Basic Appraisal Procedures – 30 Hours (Formerly IL-3)
  4. Appraisal Approaches – 30 Hours IL-4
  5. Appraisal Statistics, Valuation Cores, Finance, USPAP Update & Report Writing – 15 Hours (IL-6)
  6. Market Analysis and Highest and Best Use – 15 Hours
  7. Appraisal Income Approach – 15 Hours
  8. Report Writing – 15 Hours
  9. Elective Course – 15 Hours
     (If an applicant is upgrading from a 154 or 157, they only need to submit proof of curriculums 4 through 9 above. If an applicant is upgrading from a 156, they only need to submit proof of curriculums 6 through 9 above.)
• Submit proof of course work in the form of an original sealed school transcript. Transcripts, for all curriculums, are valid indefinitely.
• Provide an Experience Log (LOG-APP) of 3,000 hours of appraisal experience during no fewer than 30 months. Land area for acres must indicate “acres”. There is no time limit on how far back experience can be used. The Appraisal Experience Log Field & Review form can be found at www.goamp.com. in the Appraisal Candidate Handbook.
• Complete an appraisal application. Application can be found at www.goamp.com
• Submit proof of course work in the form of an original sealed school transcript. Transcripts, for all curriculums, are valid indefinitely.
• Also, a Non-Resident Consent Form needs to be completed if the applicant lists an out-of-state address.