Real Estate Auctions

$19
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 1 Mandatory Hours: 0 Total Hours: 1
Description
Renewal Requirements

Click a button. Raise a paddle. Buy a house. It's just that easy--and that risky. Auctions offer opportunities and benefits and they don't only take place on the courthouse steps. They also provide the opportunity to lose one's shirt.

In this course, you’ll learn how properties end up at auction and the types of auctions you and your clients may encounter. You’ll explore the benefits and detriments of buying or selling at auction, and you’ll finish with a greater understanding of your auction-related responsibilities when working with buyers, sellers, or on your own behalf as an investor, listing agent, referral source, cooperating agent, or even auctioneer.

Going once ...

Package Content:

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

IDFPR Real Estate Brokerage

CE Lookup