Managing Broker (Illinois)

First published: September 2, 2026Last verified: September 2, 2026Reviewed by the CertQuestUSA team

TL;DR

Managing Broker (Illinois): a 190-question practice bank for the real Professional Licensing (Real Estate & Insurance) standard, 3 full papers of 50 questions each with no repeats, every question citing the real regulation it comes from.

Where these questions come from

Every question in this bank cites a real source -- primarily s3.amazonaws.com (39%) and law.cornell.edu (16%) of this exam's citations.

Not sure where you stand? Take the free diagnostic — 10 real questions across the exam's domains, no sign-up required, with a domain-by-domain breakdown at the end.

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3

full papers, no repeats

50

questions per paper

190

questions in the bank

What this exam covers

Brokerage Agency, Supervision, and Fiduciary Duties18%
Contracts and Transaction Management8%
Financing and Settlement7%
IL Earnest Money Handling2%
IL Escrow Account Management4%
IL Managing Broker CE (68 Ill. Admin. Code 1450.540)3%
IL Managing Broker Discipline3%
IL Managing Broker Education (165 total hrs: 120 carried + 45 new)2%
IL Managing Broker Eligibility (225 ILCS 454/5-28)4%
IL Office/Branch Supervision Duty (68 Ill. Admin. Code 1450.705)3%
IL Managing Broker Recordkeeping2%
Practice, Disclosures, Fair Housing, and Compliance18%
Property Ownership and Land Use Controls9%
Property Valuation and Investment Analysis13%
Transfer of Property and Title5%

5 real sample questions

Which categories of records does 68 Ill. Admin. Code 1450.755 require sponsoring brokers to retain for 5 years, with the most recent 2 years kept on-site?

A. Only signed listing agreements

B. Only MLS printouts

C. Only advertising tear sheets

D. Escrow records and transaction records

Source: 68 Ill. Admin. Code 1450.755

Under 225 ILCS 454/5-28, what is the minimum age to apply for an Illinois Managing Broker license?

A. 18 years of age

B. 20 years of age

C. 21 years of age

D. 25 years of age

Source: 225 ILCS 454/5-28(a)

How many years of active licensure as a Broker must an applicant generally have, and over what look-back window, to qualify for a Managing Broker license under 225 ILCS 454/5-28?

A. 1 year out of the preceding 2 years

B. 3 years out of the preceding 5 years

C. 2 consecutive years out of the preceding 3 years

D. 5 years out of the preceding 7 years

Source: 225 ILCS 454/5-28(a)

What is the total number of instructional credit hours an applicant must document to sit for the Illinois Managing Broker license, combining prior Broker-level hours and Managing-Broker-specific hours?

A. 165 hours

B. 120 hours

C. 90 hours

D. 45 hours

Source: 225 ILCS 454/5-28(a); 68 Ill. Admin. Code 1450.500

Of the 165 total credit hours required for Illinois Managing Broker licensure, how many hours must come from the applicant's prior Broker pre-license and post-license education?

A. 45 hours

B. 75 hours

C. 120 hours

D. 150 hours

Source: 225 ILCS 454/5-28(a)

Same exam, other states

Real-world data for this exam

Real Estate Brokers: real median wage (IL)May 2025$62,540/yr

Frequently asked questions

How many questions are on the CertQuestUSA Managing Broker (Illinois) practice test?

190 questions total, split into 3 full papers of 50 each with no repeats across papers.

What topics does the Managing Broker (Illinois) test cover?

15 domains, with the heaviest weight on Brokerage Agency, Supervision, and Fiduciary Duties (18%), Practice, Disclosures, Fair Housing, and Compliance (18%), and Property Valuation and Investment Analysis (13%).

Where do CertQuestUSA's Managing Broker (Illinois) questions come from?

Primarily s3.amazonaws.com (39%) and law.cornell.edu (16%) of this bank's citations -- computed directly from this exam's own question sources, not a generic description.

Is there a free diagnostic for Managing Broker (Illinois)?

Yes -- 10 real questions across the exam's domains, no sign-up required, with a domain-by-domain breakdown at the end.