Illinois Real Estate Practice Exam

Here are some actual questions you’ll find on your 2024 Illiinois Real Estate Exam!

Frequently Asked Questions

How to Study For The Illinois Real Estate Exam

We can assume that you do understand the best way to pass any test is to fully understand the material. After all, getting your Illinois Real Estate License is one of the most important accomplishments of your life. So, how do we do that?

  1. Take real estate practice exams over the course of 1-3 months depending on your knowledge level.
  2. Watch YouTube videos of real estate exam prep teachers. They are awesome and they are free! We have quite a few but there are other great teachers as well.
  3. Memorize all the real estate vocabulary. This should be common sense, but make flashcards and just go over them until you know them all.
  4. Sign Up For A Real Estate Exam Prep that guarantees you to pass

How many times can you take the Illinois real estate exam?

Before having to register again for the exam, you’ll have a total of four attempts. If you fail on the fourth attempt you must take the pre-license coursework and retake the exam.

How many questions are on the Illinois Real Estate Test?

We have interviewed PSI and spoken to the Illinois Division Of Real Estate. We can confirm at this time there are 140 total questions on the real estate exam. On the national portion of the exam there are 80 questions and the remaining are Illinois specific.

Is the Illinois Real Estate Exam hard?

Yes! It is very hard. As of 2024, only 68% of agents pass the licensing exam on the first try.

The good news is, the people passing the real estate exam are using a real estate exam test prep (like us!) and their pass rate goes to 93%.

how much is the Illinois real estate exam?

The cost of the exam is $58 for brokers and $37 for  agents, whether you take the State exam only or the National Exam only (or take both). Candidates must complete all course requirements and request their FBI report prior to taking the licensing exam. Payment will not be accepted at the test center. Examination fees are non-refundable and non-transferable. Often, if you fail the exam, the fees are a little cheaper for the next one.(but don’t fail, work with us)

Can You Take The Illinois Real Estate Exam Online?

No. In Illinois, you as a student will have to go to an approved PSI testing center to get monitored throughout the exam. There is no final grade given when you complete the test, it will simply tell you if you have passed or if you have failed.

What Questions Are On The Illinois Real Estate Exam?

 If you review the real estate exam person candidate guide located on the Illinois Division Of Real Estate website, they list the following. Also, we often conduct exit interviews with our prior students to confirm what questions are on the Illinois R.E. Exam as well as insure the below is accurate. 

The exam breakout is as follows:

1. Property Ownership – 8%-10% 

2. Land Use Controls & Regulation – 5% 

3. Valuation & Market Analysis -7%

4.Financing – 8% to 10%

5. General Principles Of Agency – 11% to 13%

6. Property Disclosures – 7% 

7. Contracts – 17% – 18%

8.Leasing & Property Management – 3% – 4%

9. Transfer Of Title – 7%-8%

10. Practice Of Real Estate – 11%

11. Real Estate Math – 5% – 7%

What Score Do I Need On The Illinois Real Estate Exam To Pass?

The minimum score required to pass the multiple-choice portions is determined by using a process known as the Angoff method, in which subject-matter experts estimate the difficulty of each item on the examination for the “minimally competent practitioner” (MCP). These judgments are averaged to determine the minimum passing score, which represents the amount of knowledge an MCP would likely demonstrate on the examination.

For salespersons, you need to answer 75% questions correctly on the National examination and 75% of the questions correctly on the State examination in order to pass. A passing score for the Illinois Real Estate Salesperson Exam is 105/140