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Illinois Academy of Real Estate

Real Estate Education With a Personal Touch

The Illinois Academy of Real Estate

We are an Illinois real estate pre-license and real estate continuing education provider. 

 

Our mission is to promote the professional development of our students, clients and friends by providing accurate and relevant information regarding real estate education, licensing and careers and to serve the real estate industry with diligence and integrity.

The Illinois Academy of Real Estate offers the following real estate study guides and services.

 

We offer the following Illinois real estate classes and courses:

About our Services

The Illinois Academy of Real Estate provides a wide range of services to meet the needs of our clients.  In addition to real estate classes, we provide counseling and educational materials designed to promote the professional development of our students.  Our services include:

  • Counseling individuals interested in pursuing a career in real estate.
  • The selection of material and guidance designed to assist the attorney applicant in preparing for and passing the Illinois real estate exam.
  • The selection of material and guidance designed to assist students seeking reciprocal licensing.
  • Providing exam preparation material reviewed and selected to assist the student in passing the Illinois real estate licensing exam.
  • Informative updates about changes and trends within the industry.
  • Post license counseling.

 About Our Classes

 In order to meet the needs of many different types of students, we offer a variety of educational programs.

  •  Classroom pre-license and continuing education  Illinois real estate classes designed for those who enjoy networking and the exchange of ideas on a personal level.
  •  Home Study pre-license and continuing education Illinois real estate classes using hands on material for study and guidance.  Allows for scheduling flexibility.
  •  On line pre-license and continuing education Illinois real estate classes designed for the busy individual who does not need supplemental material and who feels comfortable with on line learning.  Allows for scheduling flexibility.

   Put our 28 years of experience to work for you today!

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Illinois Real Estate Schools and Classes

How to Find a School That Meets the Educational Requirements for Illinois Real Estate Licensing

A recent Google search for Illinois real estate classes resulted in an impressive return of 28,100,000 in 0.64 seconds.

The first three pages contained seven organic links and eleven sponsored links that led to sites that are in compliance with the definitions and regulations found in the Illinois Real Estate License Act.The other 30 were irrelevant or for the most part links to marketing companies or pages designed to generate income by marketing using Google Ad words, practices which can mislead the unsuspecting consumer.

 

Real estate licensing in Illinois is regulated by the Illinois Department of Financial and Professional Regulation which is responsible for compliance with The Real Estate License Act of 2000 and the Administrative Rules associated with the Act.

Section 5-30 sets forth the educational requirements for Illinois Real Estate Licensing.

Section 5-30. Education requirements to obtain an original broker or salesperson license.

(a) All applicants for a broker's license, except applicants who meet the criteria set forth in subsection
(c) of this Section shall

(i) give satisfactory evidence of having completed at least 120 classroom hours, 45 of which shall be those hours required to obtain a salesperson's license plus 15 hours in brokerage administration courses, in real estate courses approved by the Advisory Council or

(ii) for applicants who currently hold a valid real estate salesperson's license, give satisfactory evidence of having completed at least 75 hours in real estate courses, not including the courses that are required to obtain a salesperson's license, approved by the Advisory Council.

(b) All applicants for a salesperson's license, except applicants who meet the criteria set forth in subsection (c) of this Section shall give satisfactory evidence that they have completed at least 45 hours of instruction in real estate courses approved by the Advisory Council.

(c) The requirements specified in subsections (a) and (b) of this Section do not apply to applicants who: are currently admitted to practice law by the Supreme Court of Illinois and are currently in active standing.

(d) A minimum of 15 of the required hours of pre-license education shall be in the areas of Article 15 of this Act, disclosure and environmental issues, or any other currently topical areas that are determined by the Advisory Council.

Approved courses are licensed by the Illinois Department of Financial and Professional Regulation and must be conducted by a pre-license school which according to Article 1 of the License Act means a school licensed by the IDFPR offering courses in subjects related to real estate transactions, including the subjects upon which an applicant is examined in determining fitness to receive a license.

The fact is that there are only 86 schools licensed by the IDFPR to provide approved pre-licensing classes. Of the 86, only 33 are licensed to provide some form of distance education. So why the return of 28,100,000 in a search for "Illinois Real Estate Classes"? By the way, 6 of the 33 appeared on the first 5 pages as either organic or sponsored links, the balance of the relevant links were marketing sites.

One type of marketing site claims to be an Illinois school, but is really an affiliate who resells a licensed school's course. An entity may only claim to be an approved school if they are one of the 86 licensed schools. If you have any problems or complaints with this type of "school" the IDFPR has no authority in another state to help you resolve the issue. In order to preserve your Illinois legal rights, it is best to register directly with the licensed school at the web site of the licensed school.

Beware of any "school' claiming to be approved by the Illinois Real Estate commission. Illinois does not have a Real Estate Commission. Real estate is regulated by the Illinois Department of Financial and professional Regulation.

Beware of any "school" that claims to be licensed in multi-states, while a few are, this is not common. Before enrolling, go to the web site of the IDFPR and check to see if it is a licensed school or an affiliate marketer. For your legal protection it is best to deal directly with the provider rather than a middleman. Maybe you can even negotiate a reduced course fee since no commission will be paid to a middleman.

Beware of any "school" with an out of state address or no address in there contact information. Section 1450.275 of the Administrative Rules states that a pre-license school must provide an office in Illinois for the maintenance of all records and office space for customer service.

Beware of any substantial misrepresentation, misleading or untruthful advertising, including without limitation guaranteeing success or a pass score on any exam. These are grounds for discipline under Section 1450.315 of the Administrative Rules of the Illinois Real Estate License Act.

Illinois real estate sales is a profession that falls under the Real Estate License Act of 2000 and is regulated by the Illinois Department of Financial Regulation. Beware of any misleading advertising about courses and requirements and if you have any questions, consult IDFPR.

Mike Fair, Director
Illinois Academy of Real Estate

 

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A Modern Day Parable of the Unforgiving Lender

I recently had an interesting discussion with a client/student who suggested that the current financial crisis could be compared to the Parable of the Unforgiving Servant found in Matthew
18:23-35. As I considered our discussion, I came to the conclusion that there was some truth in the observation.

What do you think?

The United States Government wanted to settle accounts with the banking industry. When the accounting began, Lenders owed billions and could not pay. Uncle Sam ordered them to reduce executive compensation, quit throwing wild parties and paying extravagant bonuses or they would have to sell of their assets and perhaps file bankruptcy.

The banking industry fell on its knees and implored Uncle Sam, "Have patience with me, and I will pay everything." And Uncle Sam had pity on the banks, forgave them, paid the debt himself.

But when the banking industry went out, it found tax paying consumers that owed hundreds of thousands of dollars and seized the consumer, began to choke him saying, "Pay what you owe." The tax paying consumer fell down and pleaded with the banking industry saying, "Have patience with me and I will pay you." The banking industry refused, foreclosing on his homes and raising credit card and consumer interest rates.

Maybe the day will come when someone becomes greatly distressed and will report to Uncle Sam all that has happened and on that day Uncle Sam will summon the banking industry and say, "You wicked lenders! I forgave you because you pleaded with me. And should you not have mercy on the tax paying consumer as I had mercy on you?" And Uncle Sam will deliver them to their fate.

He that has ears to hear, let him hear.

Mike Fair, director
Illinois Academy of Real Estate

 

 

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Why Choose The Illinois Academy of Real Estate?

Why choose the Illinois Academy of Real Estate for your real estate education?

Here's what some our students have to say:

Please allow this to serve as an official  recommendation for the level of credibility and value of the Illinois Academy of Real Estate located in Aurora, IL.  I was researching the Web for real estate licensing requirements for the State of Illinois in early 2004, and linked onto the Illinois Academy of Real Estate Web site.  I contacted Mr. and Mrs. Fair regarding the educational courses offered by there Academy.  As a result of that communication, I chose the Illinois Academy of Real Estate to pursue and obtain my real estate license with the State of Illinois.  I made the decision to conduct my studies via the text based distance learning process.

I made the decision to pursue the educational side for both my salesperson's and broker's license in the spring of 2004 through the Academy.  As a result, I opened my own real estate firm, Ann Colburn and Associates, L.L.C. in July of 2004.  I am currently working with commercial projects in excess of $20 million dollars.

I give a high recommendation for the Illinois Academy of Real Estate.  My experience with this resource has been very rewarding and very satisfying.  The Academy provides excellent study resources, testing and preparation for the Illinois real estate licensing exam."  Ann C. - Marion, Il

"Just wanted to drop you a line to say thanks for running a great class.  I passed the test and am now on my way to a new career.  Wish everyone lots of luck, and I will contact you soon about ordering the brokers course." Brian P. - Geneva, Illinois 
 
"Just a note to let you know I passed the state exam last Saturday for my Brokers license. Took me 1 1/2 hours to take the test. I felt prepared and comfortable after reviewing the text & tests I had taken from your course.  Thanks again!!"  Mike A. - Sullivan, Il
 
"Guess you are doing something right. Passed my real estate sales license today on the first go around. Thanks! Will be flogging away at Broker next!"  John B. - Oak Brook, Il. 
 
"I just wanted you to know I passed the salesperson's exam last week on my first attempt.  I thank you for providing such an excellent course in a format that allowed me maximum scheduling flexibility."  Brad E. - Batavia, Il 
 
"...wanted to advise you and Laurie that I passed my Broker's test on Monday.  Your class was very easy to work through and thanks for the support"  Adam S. - Aurora, Il.
 
"I just wanted to let you know that I took my state exam yesterday, and I passed. 
You did a great job on preparing us or at least me for what to expect and armed me with the knowledge necessary to complete it. The exam review books I purchased helped greatly as they were a quick read and covered all the important details that I might have otherwise forgotten."  Rodd W. - Aurora Il
 
"I am writing to let you know that I passed the Illinois Broker Exam on Friday January 13, 2006 on my first try.  Your correspondence class prepared me for the exam, and I would highly recommend your class.  I was completely prepared for the exam and I would like to thank both you and your staff for being so helpful along the way."  Joey C. - Aurora, Il.
 
"I just wanted to let you know that a few months ago I finished your broker's course, and taking the course work at home made it easy for me.  I am happy to say that I just passed the state exam and wanted to let you know that the study disk that you gave us when we left was a tremendous help.  I splurged and paid the $49.00, and what a big help it was for me because of the explanations after each question!  I just thought you might want some input from a student's perspective!  I would definitely recommend it to others."  Nicky F. - Yorkville, Il
 
"Yesterday I drove to Rockford and took the State of Illinois Salesperson exam...and passed!  I felt very well prepared ...for an old man who "home studied" that was a good thing.  I guess the bad news is that I have to go out and find a job now!!"  Larry T. - Ottawa, Il

“I just took my Illinois broker examination for the first time and passed it.  I have done all of my classes with Illinois Academy of Real Estate at home study program (starting with my salesperson license and ending with my broker license).  As my first attempt at taking any of the AMP tests, I wasn’t sure what to expect, but felt very confident in my knowledge once the test started.  Not only did the Illinois Academy of Real Estate help to prepare me for my testing, the staff at their office was always very friendly and willing to help anytime it was needed.  Thanks again for helping to prepare me for the test the first time."   Greg O.- Oswego, IL  

"I took the Illinois Real Estate Broker exam last week and passed. In preparation, I spent a lot of time reviewing your unit quizzes which I felt were the key to passing the exam. I felt comfortable that I was prepared and I spent only 1 hour and 20 minutes out of the 3 ½ hour time allowed. Thanks for all your help. I’m sure I’ll be taking your continuing education classes."  Dan C. - Aurora, IL

 

 

 

 Broker Management Class

 

"The material was presented in a way that it was actually understandable and practical.  Real life scenarios actually fit into today's real estate environment.  I am definitely coming back for more courses HERE!"  Annamaria Feher

 

"Mike's enthusiasm for a subject that most people can barely read is inspiring.  A great place for training, a family atmosphere in the internet age is hard to find."  Lisa Wilcox   

 
 

 

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Shameless Promotion

Illinois Academy of Real Estate

 

    Illinois Real Estate Classes Since 1979 
ILAcademy.com

Illinois real estate school offering real estate licensing classes. Real estate education through real estate classes, home study real estate classes and on line real estate classes.  Whether you are pursuing a career in real estate, looking for a real estate school or simply expanding your understanding of real estate, we are here to help.  

Questions About a Career in Real Estate?  Please Feel Free to Call Us at 630-844-0222

Illinois Real Estate Classes
We offer approved Illinois real estate classes.  Our programs include classroom, correspondence courses, and on line real estate classes.  You are not just another number at the Illinois Academy of Real Estate and receive the personal attention of our staff before and after completing your class.

Illinois Real Estate Continuing Education Classes

Continuing education requirements for 2009 renewal:

Licensed as a salesperson on or before April
12 hours of CE required:
6 Core/Mandatory hrs (3 hours Core A and 3 hours Core B
6 Elective hrs.

Licensed as a salesperson between May 1, 2007 and April 30, 2008
6 hours of CE required:
3 Core/Mandatory hrs (either Core A or B)
3 Elective hrs.

Licensed as a salesperson on or after May 1, 2008
No CE required

Continuing education must be completed during the pre-renewal period of 5/1/2007 through 4/30/2009

 

Classroom        Correspondence          On line courses

 

Complete Registration and information Available at ILAcademy.com

Or Call

(630) 844-0222

 

 

The Illinois Academy of Real Estate is proudly associated with: the National Association of REALTORS®, the Illinois Association of REALTORS®, the Aurora Tri-County Association of REALTORS®, the REALTOR® Association of West/Southwest Chicago-land, the Real Estate Educators Association, and the Association of Illinois Real Estate Educators

 

 

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