100+ Free IL Real Estate Practice Questions
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Key Facts: IL Real Estate Exam
56%
First-Time Pass Rate
IDFPR 2024
120 Q
Exam Questions
IDFPR/PSI
90 hrs
Pre-License Education
IDFPR
75%
Passing Score
IDFPR
$58
Exam Fee
PSI
10%/25%
Cook County Assessment
Residential/Commercial
Illinois calls all licensees 'brokers' (no salesperson license) and has a 56% first-time pass rate. The exam requires 90 hours of pre-license education, 120 questions in 3 hours, and 75% to pass. IL is unique for its attorney-closing requirement, 5 business day attorney review period, Cook County classification system (10% residential vs 25% commercial), and high Chicago transfer taxes ($7.50/$500).
About the IL Real Estate Exam
The Illinois real estate broker exam covers IDFPR licensing (IL uses 'broker' instead of 'salesperson'), the Real Estate License Act of 2000, attorney review closings, designated agency, Cook County assessment classifications, transfer taxes, and the Illinois Human Rights Act.
Questions
120 scored questions
Time Limit
3 hours
Passing Score
75%
Exam Fee
$58 (IDFPR / PSI)
IL Real Estate Exam Content Outline
IDFPR & Licensing
IDFPR licensing, 90-hour pre-license, broker vs managing broker, leasing agent license
IL Contracts & Agency
Attorney review (5 days), designated agency, dual agency, multi-board contracts
IL Property Tax
33.33% assessment, Cook County classifications, equalization factor, transfer taxes
IL Disclosures
Residential disclosure act, radon, IL Human Rights Act, environmental hazards
IL Special Topics
Land trusts, judicial foreclosure, RLTO, condo 22.1 disclosure, mechanic's liens
How to Pass the IL Real Estate Exam
What You Need to Know
- Passing score: 75%
- Exam length: 120 questions
- Time limit: 3 hours
- Exam fee: $58
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
IL Real Estate Study Tips from Top Performers
Frequently Asked Questions
Why does Illinois use 'broker' instead of 'salesperson'?
Illinois eliminated the salesperson license category in 2011 under the Real Estate License Act of 2000 (as amended). All licensees are now called 'brokers.' A 'managing broker' is the equivalent of what other states call a 'designated broker' ā they supervise other brokers in the office.
How hard is the Illinois real estate exam?
The IL exam has a 56% first-time pass rate with 120 questions in 3 hours, requiring 75% to pass. Illinois-specific topics like the License Act of 2000, Cook County assessment system, and attorney review period are heavily tested.
What is the attorney review period in Illinois?
Illinois customarily uses a 5 business day attorney review period after contract execution. During this time, either party's attorney can modify or disapprove the contract. This is not statutory but is included in standard multi-board contract forms.
How do Cook County property taxes work?
Cook County uses a classification system: residential property is assessed at 10% of market value, commercial at 25%. An equalization factor (multiplier) adjusts for assessment level differences. Cook County also has a higher General Homestead Exemption ($10,000 vs $6,000 elsewhere in IL).