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ILLINOIS MANAGING BROKER PRACTICE
EXAM — QUESTIONS WITH VERIFIED
ANSWERS AND COMPLETE RATIONALES
## SECTION 1: ILLINOIS LICENSE LAW & MANAGING
BROKER REQUIREMENTS
**1. What is the minimum age requirement to qualify for an
Illinois Managing Broker license?**
A. 18 years old
B. 20 years old
C. 21 years old
D. 25 years old
**Correct answer:** B
**Rationale:** Illinois requires Managing Broker applicants to be
at least 20 years of age. This is higher than the 18-year
minimum for a standard Broker license .
---
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**2. What experience requirement must be met to qualify for an
Illinois Managing Broker license?**
A. 5 years as a licensed broker
B. Active as a licensed broker for at least 2 of the past 3 years
C. 1 year as a leasing agent
D. No experience required
**Correct answer:** B
**Rationale:** Illinois requires Managing Broker applicants to
have held an active broker license for at least two of the three
years immediately preceding the application .
---
**3. How many total hours of Managing Broker pre-license
education are required?**
A. 30 hours
B. 45 hours
C. 60 hours
D. 75 hours
**Correct answer:** B
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**Rationale:** The Managing Broker pre-license education
consists of two courses totaling 45 hours: a 30-hour Managing
Broker Pre-License Topics course and a 15-hour Applied
Management and Supervision interactive course .
---
**4. What is the minimum passing score on the Illinois
Managing Broker exam?**
A. 70% on both portions
B. 75% on both portions
C. 70% national, 75% state
D. 75% national, 70% state
**Correct answer:** B
**Rationale:** The Illinois Managing Broker exam requires a
passing score of **75% on both the National and State
portions**. This differs from the Broker exam, which requires
70% national and 75% state .
---
ILLINOIS MANAGING BROKER PRACTICE
EXAM — QUESTIONS WITH VERIFIED
ANSWERS AND COMPLETE RATIONALES
## SECTION 1: ILLINOIS LICENSE LAW & MANAGING
BROKER REQUIREMENTS
**1. What is the minimum age requirement to qualify for an
Illinois Managing Broker license?**
A. 18 years old
B. 20 years old
C. 21 years old
D. 25 years old
**Correct answer:** B
**Rationale:** Illinois requires Managing Broker applicants to be
at least 20 years of age. This is higher than the 18-year
minimum for a standard Broker license .
---
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**2. What experience requirement must be met to qualify for an
Illinois Managing Broker license?**
A. 5 years as a licensed broker
B. Active as a licensed broker for at least 2 of the past 3 years
C. 1 year as a leasing agent
D. No experience required
**Correct answer:** B
**Rationale:** Illinois requires Managing Broker applicants to
have held an active broker license for at least two of the three
years immediately preceding the application .
---
**3. How many total hours of Managing Broker pre-license
education are required?**
A. 30 hours
B. 45 hours
C. 60 hours
D. 75 hours
**Correct answer:** B
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**Rationale:** The Managing Broker pre-license education
consists of two courses totaling 45 hours: a 30-hour Managing
Broker Pre-License Topics course and a 15-hour Applied
Management and Supervision interactive course .
---
**4. What is the minimum passing score on the Illinois
Managing Broker exam?**
A. 70% on both portions
B. 75% on both portions
C. 70% national, 75% state
D. 75% national, 70% state
**Correct answer:** B
**Rationale:** The Illinois Managing Broker exam requires a
passing score of **75% on both the National and State
portions**. This differs from the Broker exam, which requires
70% national and 75% state .
---
