Current Illinois Real Estate Income, Sales, and Trends

Graphic of IL Residential Statistics showing various housing data for Illinois including a homeownership rate of 67.1%, total housing units at 5,426,429, and a median gross rent of $1,170, along with a breakdown of housing value percentages in different price ranges.

Leading job recruiters and outlets report that real estate agents in Illinois make on average about $90,000 a year. This varies by location within the state, by what types of properties are sold or leased, and by individual skill levels.

Real Estate License Revalidation and Mutual Agreements With Illinois

License revalidation/renewal can be applied for online at the IDFPR website.1

Illinois has reciprocity with the following states.2 The agency responsible for reciprocity status is named after the state:

  • Colorado: Department of Regulatory Agencies
  • Connecticut: Department of Consumer Protection
  • Occupational and Professional Licensing Division
  • Florida: Department of Business and Professional Regulation
  • Georgia: Real Estate Commission
  • Indiana: (Broker reciprocity only) Real Estate Commission
  • Iowa: Real Estate Commission
  • Kentucky: Real Estate Commission
  • Nebraska: Real Estate Commission
  • Wisconsin: Department of Regulation and Licensing

To obtain licensure in any or all of the reciprocal states, see what each state requires by contacting the agency name noted in the list above.


References

1Iron Data Solutions. (2023). eLicense Online. Online-Dfpr.micropact.com. Retrieved October 26, 2023, from <https://online-dfpr.micropact.com/Login.aspx?ReturnUrl=/Activities/Listing.aspx&ID=10>

2State of Illinois. (2023). Real Estate License Reciprocity. Idfpr.illinois.gov. Retrieved October 26, 2023, from <https://idfpr.illinois.gov/dre/reciprocity2000.html>