Illinois Managing Broker Exam — 100-
Question Original Practice Exam
These are original practice questions, not leaked or actual exam questions. They are based on
current Illinois statutes and IDFPR materials, including the 2026 exam updates. (IDFPR)
Questions 1–100
1.
What is the minimum age for an Illinois Managing Broker license?
A. 18
B. 19
C. 20
D. 21
Correct Answer: C. 20
Rationale: Illinois requires a managing broker applicant to be at least 20 years old. (ILGA)
2.
Before applying for a Managing Broker license, an applicant generally must have been licensed
as a broker for:
A. 1 year out of the preceding 2 years
B. 2 consecutive years out of the preceding 3 years
C. 3 consecutive years
D. 5 years
Correct Answer: B. 2 consecutive years out of the preceding 3 years
Rationale: Section 5-28 requires at least two consecutive years of broker licensure during the
preceding three years. (ILGA)
3.
How many total education hours are generally required for Illinois Managing Broker licensure?
,A. 75
B. 90
C. 120
D. 165
Correct Answer: D. 165
Rationale: The statute requires at least 165 hours, including the hours required for the broker
license and additional managing-broker education. (ILGA)
4.
Of the 165 required education hours, how many are additional Managing Broker education
hours?
A. 15
B. 30
C. 45
D. 60
Correct Answer: C. 45
Rationale: The additional 45 hours must focus on brokerage administration and management
and residential leasing-agent management. (ILGA)
5.
The additional 45 Managing Broker education hours must generally be completed:
A. Within the year immediately preceding application
B. Within five years of application
C. After passing the examination
D. Only after obtaining a managing broker license
Correct Answer: A. Within the year immediately preceding application
Rationale: Illinois law specifies that the 45 additional hours must be completed within the year
immediately preceding the managing broker application. (ILGA)
,6.
At least how many of the 45 additional hours must be completed in classroom, live interactive
webinar, or online distance education courses?
A. 5
B. 10
C. 15
D. 30
Correct Answer: C. 15
Rationale: Section 5-28 specifies at least 15 hours in one of the qualifying instructional formats.
(ILGA)
7.
The Illinois Managing Broker examination focuses specifically on:
A. Federal tax law only
B. Illinois-specific real estate brokerage laws
C. Construction management
D. Mortgage underwriting only
Correct Answer: B. Illinois-specific real estate brokerage laws
Rationale: The statute requires the managing broker applicant to pass a written examination
concerning Illinois-specific real estate brokerage laws. (ILGA)
8.
Which organization administers Illinois professional real estate licensing?
A. Illinois Department of Revenue
B. Illinois Department of Financial and Professional Regulation
C. Illinois Department of Transportation
D. Illinois Commerce Commission
Correct Answer: B. Illinois Department of Financial and Professional Regulation
, Rationale: Illinois Department of Financial and Professional Regulation regulates Illinois real
estate licensure through its Division of Real Estate. (IDFPR)
9.
An applicant who fails the Managing Broker examination four consecutive times must generally:
A. Wait ten years
B. Repeat the required pre-license education
C. Automatically receive a license
D. Take only a federal examination
Correct Answer: B. Repeat the required pre-license education
Rationale: Illinois law requires repetition of the applicable pre-license education after four
consecutive examination failures. (ILGA)
10.
Approved pre-license education for an Illinois Managing Broker examination is generally valid
for:
A. 6 months
B. 1 year
C. 2 years
D. 5 years
Correct Answer: C. 2 years
Rationale: Illinois law provides that approved pre-license education remains valid for two years
after satisfactory completion of the required education. (ILGA)
11.
If a person passes the examination but does not complete the licensing requirements within one
year, examination credit:
A. Remains permanently valid
B. Terminates
Question Original Practice Exam
These are original practice questions, not leaked or actual exam questions. They are based on
current Illinois statutes and IDFPR materials, including the 2026 exam updates. (IDFPR)
Questions 1–100
1.
What is the minimum age for an Illinois Managing Broker license?
A. 18
B. 19
C. 20
D. 21
Correct Answer: C. 20
Rationale: Illinois requires a managing broker applicant to be at least 20 years old. (ILGA)
2.
Before applying for a Managing Broker license, an applicant generally must have been licensed
as a broker for:
A. 1 year out of the preceding 2 years
B. 2 consecutive years out of the preceding 3 years
C. 3 consecutive years
D. 5 years
Correct Answer: B. 2 consecutive years out of the preceding 3 years
Rationale: Section 5-28 requires at least two consecutive years of broker licensure during the
preceding three years. (ILGA)
3.
How many total education hours are generally required for Illinois Managing Broker licensure?
,A. 75
B. 90
C. 120
D. 165
Correct Answer: D. 165
Rationale: The statute requires at least 165 hours, including the hours required for the broker
license and additional managing-broker education. (ILGA)
4.
Of the 165 required education hours, how many are additional Managing Broker education
hours?
A. 15
B. 30
C. 45
D. 60
Correct Answer: C. 45
Rationale: The additional 45 hours must focus on brokerage administration and management
and residential leasing-agent management. (ILGA)
5.
The additional 45 Managing Broker education hours must generally be completed:
A. Within the year immediately preceding application
B. Within five years of application
C. After passing the examination
D. Only after obtaining a managing broker license
Correct Answer: A. Within the year immediately preceding application
Rationale: Illinois law specifies that the 45 additional hours must be completed within the year
immediately preceding the managing broker application. (ILGA)
,6.
At least how many of the 45 additional hours must be completed in classroom, live interactive
webinar, or online distance education courses?
A. 5
B. 10
C. 15
D. 30
Correct Answer: C. 15
Rationale: Section 5-28 specifies at least 15 hours in one of the qualifying instructional formats.
(ILGA)
7.
The Illinois Managing Broker examination focuses specifically on:
A. Federal tax law only
B. Illinois-specific real estate brokerage laws
C. Construction management
D. Mortgage underwriting only
Correct Answer: B. Illinois-specific real estate brokerage laws
Rationale: The statute requires the managing broker applicant to pass a written examination
concerning Illinois-specific real estate brokerage laws. (ILGA)
8.
Which organization administers Illinois professional real estate licensing?
A. Illinois Department of Revenue
B. Illinois Department of Financial and Professional Regulation
C. Illinois Department of Transportation
D. Illinois Commerce Commission
Correct Answer: B. Illinois Department of Financial and Professional Regulation
, Rationale: Illinois Department of Financial and Professional Regulation regulates Illinois real
estate licensure through its Division of Real Estate. (IDFPR)
9.
An applicant who fails the Managing Broker examination four consecutive times must generally:
A. Wait ten years
B. Repeat the required pre-license education
C. Automatically receive a license
D. Take only a federal examination
Correct Answer: B. Repeat the required pre-license education
Rationale: Illinois law requires repetition of the applicable pre-license education after four
consecutive examination failures. (ILGA)
10.
Approved pre-license education for an Illinois Managing Broker examination is generally valid
for:
A. 6 months
B. 1 year
C. 2 years
D. 5 years
Correct Answer: C. 2 years
Rationale: Illinois law provides that approved pre-license education remains valid for two years
after satisfactory completion of the required education. (ILGA)
11.
If a person passes the examination but does not complete the licensing requirements within one
year, examination credit:
A. Remains permanently valid
B. Terminates
