Illinois Real Estate Broker Course Notes

CURRENT PSI SNAPSHOT (2026 candidate booklet): National portion lists 100 questions, 150 minutes, and a 70% passing score; PSI may include unscored experimental items. National blueprint weights: Property Ownership 10%; Land Use Controls/Regulations 5%; Valuation/Market Analysis 8%; Financing 10%; Contracts 19%; Agency 13%; Property Disclosures 7%; Property Management 3%; Transfer of Title 6%; Practice of Real Estate 12%; Real Estate Calculations 7%. Highest-yield national focus: Contracts + Agency + Practice of Real Estate account for 44% of the published national outline. This cheat-sheet section condenses 20 tested concept families into exam-ready rules. Use the comprehensive study guide for deeper explanations and question-linked applications.

• Calling every attached item a fixture; trade fixtures and the parties’ agreement matter.

• Read the call of the question first: classify, calculate, disclose, choose a remedy, or identify a document.

CURRENT PSI SNAPSHOT (state outline effective 6/24/2026): Broker state portion lists 40 questions, 90 minutes, and a 75% passing score. State-specific blueprint: Licensing Requirements 10% (4 items); Illinois Real Estate License Act 40% (16); Additional Illinois Laws/Regulations Affecting Real Estate Practice 25% (10); Disclosures 25% (10). This cheat-sheet section condenses 6 tested concept families into exam-ready rules. Use the comprehensive study guide for deeper explanations and question-linked applications.

• Mixing 75-hour pre-license, 45-hour initial post-license, 12-hour recurring CE, and the managing-broker 12-hour management CE.

• Memorize the high-yield numbers: 18 years old; 75 pre-license hours including 15 applied hours; 45 post-license hours; 12 CE hours; managing broker adds 12 management CE hours.

This cheat-sheet section condenses 7 tested concept families into exam-ready rules. Use the comprehensive study guide for deeper explanations and question-linked applications.

• Assuming dual agency happens automatically when the same brokerage is involved on both sides.

• Default relationship: designated agent unless a different written agreement provides otherwise.

This cheat-sheet section condenses 5 tested concept families into exam-ready rules. Use the comprehensive study guide for deeper explanations and question-linked applications.

• Delivering the Residential Real Property Disclosure Report at closing instead of before contract signing.

• Treat disclosure statutes as timeline questions: who, what document, by when, and what happens if late.