The Fundamentals of Commercial Real Estate
The Fundamentals of Commercial Real Estate covers the need-to-know information on a broad range of commercial topics.
If you're an experienced residential licensee, a few of the fundamentals of commercial real estate will be familiar to you—the importance of location, for example. In other regards, commercial differs sharply from residential real estate. Executives, investors, and business owners in commercial real estate focus squarely on the bottom line.
This course will provide a foundation for the more complex aspects of commercial real estate as you gain more experience in the industry.
Course highlights include:
- Key terms and concepts of commercial real estate
- How to identify and meet the needs of commercial real estate clients
- How commercial and residential sales differ
- Valuation methods for real estate and businesses
- Tips on gathering the demographic and location-related details that clients need to make well-informed decisions
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