A Brief Introduction to Real Estate Finance
If a buyer who's not paying cash can't obtain financing, the transaction will fail. To provide the best service to consumers,it helps to have a clear understanding of the financing process, from loan application through funding. This course provides you with the must-know financing facts to enable you to better serve your clients who require financing.
Course highlights:
- Key players in financing
- The loan application package and process
- Consumer options for loan packages and types
- The government’s role in real estate financing
- Loan terminology
- Activities and scenarios to reinforce key concepts
State Requirements For Illinois
Illinois State Requirement Details for Real Estate Broker Continuing Education
The Illinois Division of Real Estate has implemented new education requirements to reflect recent changes to the Illinois Real Estate License Act of 2000. The 2026 Broker Renewal deadline is April 30, 2026. The 4-hour Core course, if completed prior to June 30, 2025, will satisfy the Core requirement for this renewal. However, the Division strongly recommends completion of the 6-hour Core course, which includes at least 2 hours of fair housing training, to satisfy the Core requirement for this renewal.
Renewal Date: April 30th of even-numbered years
Hours Required by the State: 12 hours
- 6-hour core course (or 4-hour core course if completed prior to June 30, 2025)
- 6 hours of elective courses (or 8 hours of elective courses if the 4-hour core course was completed prior to June 30, 2025) including
- 1-hour course in Sexual Harassment Prevention Training
Note: Brokers receiving their initial broker license are required to complete the 45-hour post-license education during their first license term and are not required to complete any other CE during that license term.
Illinois Department of Financial and Professional Regulation Division of Real Estate
Street Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786
Mailing Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786
Telephone: (800) 560-6420
Email: fpr.realestate@illinois.gov