Online Illinois Managing Broker Pre-Licensing Course

The 45-hour managing broker pre-license education consists of two courses:

• 30-hour Managing Broker Pre-License Topics

  • Working with buyers
  • Working with sellers
  • Legal issues in everyday practice
  • Risk management
  • Contracts
  • Real estate loans
  • License law and practice
  • Brokerage and practice as a designated managing broker
  • Interactive scenarios and guided practice

15-hour Managing Broker Pre-License Applied Management and Supervision

• Brokerage contract disputes with clients
• Minimum services
• Dual agency disclosure issues
• Best practices for working with buyers and sellers
• Commission disputes
• Technology issues
• Finance and qualifying for a loan
• Fair housing scenarios

A managing broker can do everything that a broker can do, plus they are able to open and operate a real estate brokerage firm as well as oversee the licensees that they sponsor at the firm. Managing brokers can also choose to be self-sponsored where they simply work independently but do not sponsor additional licensees.

The managing brokerIllinois What Is Managing Broker Illinois Career Center is a step up professionally in that you are able to own and operate a real estate brokerage in addition to helping clients buy, sell and lease properties. There’s more autonomy, but there’s also a lot more responsibility that comes with managing a brokerage if you are overseeing the work of other sponsored brokers.

But that’s the beauty of having a managing broker license. You can also choose to be a brokerage of one and keep all of the commission without supervising others.