Illinois Real Estate Broker Exam Book - State Exam Review

Sep 27, 2026

Illinois real estate broker exam guide covering the state handbook overview and how to use the book and online resources. It outlines the approved Illinois state examination content areas, including license requirements, laws and rules governing real estate practice, and required disclosures. The guide explains broker, managing broker, and leasing agent licensing topics, core disclosure categories such as agency and property disclosures, and the exam’s question structure and cognitive-level breakdown for entry-level candidates.

LanguageEnglish

CategoryExam

FormatPDF

Pages90

Reading Time3 h 47 min

AccessFree to download

Information About the State Real Estate Broker Exam

Chapter 1: Real Estate Agency

Chapter 2: Real Estate Brokerage Operations & Agreements

Chapter 3: Illinois Real Estate Licensing Law

2020 Illinois State Examination Outline

License Requirements

Laws and Rules Regulating Real Estate Practice

Disclosures

Number of Questions for the State Broker Portion

Types of Questions in The State Broker Exam

Effective Learning Methods Utilizing This Book and Online Resources

Learning Procedure

Other Study Tips

Contents INFORMATION ABOUT THE STATE REAL ESTATE BROKER EXAM .....................................2 CHAPTER 1: REAL ESTATE AGENCY ......................................................................................9 CHAPTER 2: REAL ESTATE BROKERAGE OPERATIONS & AGREEMENTS .......................23 CHAPTER 3: ILLINOIS REAL ESTATE LICENSING LAW ........................................................60 INFORMATION ABOUT THE STATE REAL ESTATE BROKER EXAM PSI provides a candidate's handbook that contains your exam application. It is available at [realestateschoolchicago.com/candidate](realestateschoolchicago.com/candidate) and provides you with specific information regarding your state exam. Please read it carefully. This guide was written to be a streamlined review of the material presented in the classroom. More in-depth information about each subject is contained in the textbook. Allocations of State Real Estate Broker Exam Questions by Chapter State Section of the Test Licensing Requirements Laws and Rules Regulating Real Estate Practice Disclosures Number of Questions 1020 10 Chapter(s) in the Book 3 3 1, 2, 3 2020 ILLINOIS STATE EXAMINATION OUTLINE The content outline for the state portions of the examinations has been approved by the Illinois Department of Financial and Professional Regulation. This portion tests knowledge areas that are required specifically for the Illinois real estate professional. 1. License Requirements A. License exemptions B. Activities requiring a license C. Types of licenses 1. Broker 2. Managing Broker 3. Leasing Agent D. Assistants E. Eligibility for licensing F. Examination G. License renewal H. Continuing education I. Change in licensee information J. Reciprocity K. Real Estate Recovery Fund 2. Laws and Rules Regulating Real Estate Practice A. Purpose of license law B. Advertising (other than disclosure) C. Broker/broker relationship D. Commissions 1. Finder’s fee/referral fee 2. Rental finding services E. Ownership issues 1. Land trust 2. Homestead F. Handling of monies 1. Special accounts 2. Security deposits G. Handling of documents H. Performing activities exceeding scope of real estate licensing 1. Law 2. Securities I. Transfer tax stamps/affordable housing J. Intestacy K. Legal description/Plat Act L. Real estate taxes and exemptions M. Illinois Human Rights Act N. Interference with contracts or listings 3. Disclosures A. Agency 1. Designated agencies a. Seller b. Buyer c. Dual B. Advertising C. Property disclosures 1. Residential Real Property Disclosure Act 2. AIDS (HIV) 3. Stigmatized property 4. Material defects NUMBER OF QUESTIONS FOR THE STATE BROKER PORTION Licensing Requirements 10 Laws and Rules Regulating Real Estate Practice 20 Disclosures 10 Types Of Questions in The State Broker Exam In addition, all items will be classified according to the cognitive level that is expected to be required for the entry-level candidate to appropriately respond to the item. The cognitive level classifications are defined in the following table, which also shows the percentage of items at each level for the broker examination. Level Recall/Recognition Application/Analysis Definition To identify, recall or recognize terms, facts, methods, procedures, basic concepts, principles, and processes To apply concepts and principles to situations to identify solutions; calculate solutions to Percentage of Questions 41 59 mathematical problems; interpret charts and graphic data; classify items; and interpret information Each question may contain up to EIGHT options and ONLY ONE BEST option shall be selected to answer the question. Some options are appropriate but NOT the BEST ANSWER. Select the option that best answers the question in the exam. A BEST ANSWER reflects the optimal solution or most complete resolution to the s

FAQs

What are the main content areas tested on the Illinois state portion of the broker exam?

The exam state portion tests licensing requirements, laws and rules regulating real estate practice, and disclosures. These knowledge areas are required specifically for Illinois real estate professionals.

How are the exam questions categorized by cognitive level?

Questions are classified into recall/recognition (definition) and application/analysis (applying concepts to situations, interpreting data, classifying items, and interpreting information). The guide provides a percentage breakdown for the broker exam.

What learning methods does the guide recommend to improve retention and pass the exam?

The guide recommends using bold and underlined highlights to take notes, saying aloud key information to engage multiple senses, reading chapters in a structured procedure, reviewing glossary terms, and taking chapter quizzes while tracking missed questions.

Sep 27, 2026

Uploaded by Alex Sinclair