Brokertomanagingbroker2012
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The document outlines the changes to Illinois real estate license categories and requirements for brokers to transition to a managing broker license by April 30, 2012. Brokers have two options - take a proficiency exam by March 15, 2012 or complete a new 45-hour transition course by April 30, 2012. Both require brokers to pay fees to the state to obtain a managing broker license and renew it. The deadline depends on the option chosen but brokers must complete the transition process or qualify for the managing broker role by April 30, 2012.
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