Broker Licensing Examination Cram
Mastery Guide: 200 Rigorous, Exam-
Style Multiple-Choice Questions with
In-Depth Rationales, Statutory
Citations, and Computational
Solutions Covering All Core National
Topics
SECTION 1: EXAM STRUCTURE & LICENSURE REQUIREMENTS
(Questions 1-20)
1. How many total questions are on the Illinois Real Estate
Broker exam?
A) 100 questions
B) 120 questions
C) 140 questions
D) 160 questions
Answer: C) 140 questions
Rationale: The Illinois Real Estate Broker exam consists of 140
multiple-choice questions: 100 national questions and 40 state-
specific questions.
,2. Under Illinois law, how many hours of pre-licensing
education are required for a Broker license?
A) 45 hours
B) 75 hours
C) 90 hours
D) 120 hours
Answer: D) 120 hours
Rationale: Illinois requires 120 qualifying education hours for a
Broker license (compared to 75 for a Leasing Agent or 45 for a
Managing Broker upgrade).
3. Who oversees real estate licensing and discipline in Illinois?
A) Illinois Real Estate Commission (IREC)
B) Illinois Department of Financial and Professional
Regulation (IDFPR)
C) Illinois Association of Realtors
D) Department of Commerce and Economic Opportunity
Answer: B) Illinois Department of Financial and Professional
Regulation (IDFPR)
Rationale: The IDFPR's Real Estate Division administers licensing,
examinations, and disciplinary actions. The IREC advises IDFPR but
does not directly issue licenses.
,4. A real estate broker's license in Illinois expires every:
A) 1 year
B) 2 years
C) 3 years
D) 4 years
Answer: B) 2 years
Rationale: Illinois real estate broker licenses expire every 2 years
and must be renewed with continuing education.
5. How many hours of continuing education are required for
license renewal in Illinois?
A) 6 hours
B) 8 hours
C) 12 hours
D) 24 hours
Answer: C) 12 hours
Rationale: Licensees must complete 12 hours of continuing
education (6 core + 6 elective) for renewal, though requirements
may vary based on when the license was originally issued.
, 6. What is the minimum age requirement to obtain an Illinois
real estate broker license?
A) 18 years
B) 21 years
C) 25 years
D) No age requirement
Answer: A) 18 years
Rationale: Applicants must be at least 18 years old and have a
high school diploma or equivalent.
7. Who must have a written policy manual under Illinois law?
A) All brokers
B) Sponsoring brokers that sponsor other brokers
C) Sponsoring brokers that sponsor only themselves
D) All licensees
Answer: B) Sponsoring brokers that sponsor other brokers
Rationale: Sponsoring brokers who supervise other licensees are
required to maintain a written policy manual.
8. What is the license application fee to IDFPR?
A) $75