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The Fundamentals of Commercial Real Estate

$39
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
State Requirements

The Fundamentals of Commercial Real Estate covers the need-to-know information on a broad range of commercial topics.

If you're an experienced residential licensee, a few of the fundamentals of commercial real estate will be familiar to you—the importance of location, for example. In other regards, commercial differs sharply from residential real estate. Executives, investors, and business owners in commercial real estate focus squarely on the bottom line.

This course will provide a foundation for the more complex aspects of commercial real estate as you gain more experience in the industry.

Course highlights include:

  • Key terms and concepts of commercial real estate
  • How to identify and meet the needs of commercial real estate clients
  • How commercial and residential sales differ
  • Valuation methods for real estate and businesses
  • Tips on gathering the demographic and location-related details that clients need to make well-informed decisions

Package Content:

State Requirements For Illinois

Illinois State Requirement Details for Real Estate Broker Continuing Education

The Illinois Division of Real Estate has implemented new education requirements to reflect recent changes to the Illinois Real Estate License Act of 2000. The 2026 Broker Renewal deadline is April 30, 2026.  The 4-hour Core course, if completed prior to June 30, 2025, will satisfy the Core requirement for this renewal.  However, the Division strongly recommends completion of the 6-hour Core course, which includes at least 2 hours of fair housing training, to satisfy the Core requirement for this renewal.

Renewal Date: April 30th of even-numbered years

Hours Required by the State: 12 hours

  • 6-hour core course (or 4-hour core course if completed prior to June 30, 2025)
  • 6 hours of elective courses (or 8 hours of elective courses if the 4-hour core course was completed prior to June 30, 2025) including
    • 1-hour course in Sexual Harassment Prevention Training

Note: Brokers receiving their initial broker license are required to complete the 45-hour post-license education during their first license term and are not required to complete any other CE during that license term.

The CE Shop’s Offering: 12 hours

  • 6-hour core course
  • 6 hours of elective courses including
    • 1-hour Illinois Sexual Harassment Prevention Training 

The CE Shop LLC is a Real Estate Education Provider licensed by the Illinois Department of Financial and Professional Regulation Division of Real Estate.

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Renewal Process: The process to renew in this state can be found here.

Max Hours in a 24-Hour Period: Licensees will not receive credit for more than 12 hours of continuing education in a 24-hour period. Our online course delivery system manages this requirement for you.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

Illinois Department of Financial and Professional Regulation Division of Real Estate

Street Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786

Mailing Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786

Telephone: (800) 560-6420

Email: fpr.realestate@illinois.gov

IDFPR Real Estate Brokerage

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