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Privacy Policy
Privacy Policy Consent
Use of the data that you provide to us, or which is collected by us on or through our Website is governed by this Privacy Policy. By using our Website, you consent to this Privacy Policy.
Submission, Storage, and Sharing of Personal Data
We may seek personal data including your name, e-mail address, and other contact information, namely when you take actions such as subscribe to our newsletter, join our private forum(s), comment on our blog, use this Website, and/or purchase our Programs, Products or Services or contact us. This information is used to contact you about the Program, Products or Services for which you have expressed interest. By you providing such information to us, you grant us permission to use and store such information. We, in turn, will use our best efforts to keep such information safe and secure.
Your information is stored through a data management system. Your information can only be accessed by those who help manage that information in order to deliver e-mail or otherwise contact those who would like to receive our correspondence.
There may be an occasion where we may ask for demographic information such as gender or age, etc., to personalize our programs or correspondence, or to distinguish adults from minors, but if you choose not to provide such personally identifiable data and information, you may still use the Website, but will not be able to use those services where such information may be required.
Confidentiality
We aim to keep the personal information that you share with us confidential.
Please note that we may disclose personal information if required to do so by law or in the good-faith belief that such action is necessary to (a) conform to the edicts of the law or comply with legal process served on us, our partners, sponsors, investors, or affiliates; (b) protect and defend our rights or property or those of our users; and (c) act as immediately necessary in order to protect the personal safety of our users or the public.
Note that whenever you voluntarily make your personal information available for viewing by third parties online, such as on blogs, message boards, emails, or in chat areas, the information you share also can be seen, collected and used by third parties, and therefore, we cannot be responsible for any unauthorized third-party use of such information that you voluntarily share.
Passwords
To use certain features of the Website, you may need a username and password. You are responsible for maintaining the confidentiality of the password and account and are responsible for all activities (whether by you or by others) that occur under your password or account. You agree to notify us immediately of any unauthorized use of your password or account or any other breach of security, and to ensure that you exit from your account at the end of each session.
It is your responsibility to protect your own password from disclosure to others. We cannot and will not be liable for any loss or damage arising from your failure to protect your password or account information. You are responsible for activities that take place using your password(s) and within your account. If you share your password(s) with anyone, they may be able to obtain access to your personal information at your own risk.
By using our Website, you agree to enter true and accurate information on the Website. If you enter a bogus email address, we have the right to immediately inactivate your account.
We will use our best efforts to keep your password(s) private and will not otherwise share your password(s) without your consent, except as necessary when the law requires it or in the good faith belief that such action is necessary, particularly when disclosure is necessary to identify, contact or bring legal action against someone who may be causing injury to others or interfering with our rights or property.
Unsubscribe
You may unsubscribe to our e-newsletters or updates at any time through the unsubscribe link in the footer of all e-mail communications.
We manage e-mail lists through a list management system. Unsubscribing from one list managed by us will not necessarily remove you from all publication email lists. If you have questions or are experiencing problems unsubscribing, please contact us at
YOUR EMAIL FOR SUPPORT GOES HERE
Anti-Spam Policy
We have taken the necessary steps to ensure that we are compliant with the CAN-SPAM Act of 2003 by never sending out misleading information. We have a no spam policy and provide you with the ability to opt-out of our communications by selecting the unsubscribe link at the footer of all e-mails. We will not sell, rent or share your email address..
Children’s Online Privacy Protection Act Compliance
We are in compliance with the requirements of COPPA (Children’s Online Privacy Protection Act), and we do not collect any information from anyone under 13 years of age. Our Website, Programs, Products, and Services are all directed to people who are at least 13 years old or older.
Anonymous Data Collection and Use
To maintain our Website’s high quality, we may use your IP address to help diagnose problems with our server and to administer the Website by identifying which areas of the Website are most heavily used, and to display content according to your preferences. Your IP address is the number assigned to computers connected to the Internet. This is essentially “traffic data” which cannot personally identify you, but is helpful to us for marketing purposes and for improving our services.
Traffic data collection does not follow a user’s activities on any other websites in any way. Anonymous traffic data may also be shared with business partners and advertisers on an aggregate basis.
Use of “Cookies”
We may use the standard “cookies” feature of major web browsers. Cookies are small pieces of data stored on your computer that contain information about the user. We do not set any personally identifiable information in cookies, nor do we employ any data-capture mechanisms on our Website other than cookies.
Cookies help us learn which areas of our Website are useful and which areas need improvement. You may choose to disable cookies through your web browser’s settings. However, disabling this function may diminish your experience on the Website and some features may not work as intended.
Cookie information is only used when communicating with users as per their indicated preferences and as needed for service-related communications. Third party content that may be displayed on our site may also contain their own cookies, but we have no access to or control over any information collected by third parties through our Website.
Privacy Policies of Third Party Links
Occasionally, at our discretion, we may include or offer third party programs, products or services on our Website. These third-party Websites have separate and independent privacy policies. We, therefore, have no responsibility or liability for the content and activities of these linked sites, and thus we cannot be held liable for the information on their Website or that you voluntarily share with their Website. Nonetheless, we seek to protect the integrity of our Website, and we welcome any feedback about these Web sites.
Assignment of Rights
In the event of an assignment, sale, joint venture, or other transfer of some or all of our assets, you agree we can assign, sell, license or transfer any information that you have provided to us. Please note, however, that any purchasing party is prohibited from using the personal data and information submitted to us under this Privacy Policy in a manner that is materially inconsistent with this Privacy Policy without your prior consent.
Notification of Changes
We may use your contact information to inform you of changes to the Website, or, if requested, to send you additional information about us. We reserve the right, at our sole discretion, to change, modify or otherwise alter this Privacy Policy at any time. Such changes and/or modifications shall become effective immediately upon the posting thereof.
Continued use of any of our Programs, Products or Services, or information obtained through or on the Website following the posting of changes and/or modifications constitutes acceptance of the revised Privacy Policy.
If you have any questions, please contact us at YOUR SUPPORT EMAIL GOES HERE
Illinois Real Estate License Renewal for Referral Brokers
How to Renew Your Illinois Real Estate License as a Referral Broker: A Step-by-Step Guide
Is your Illinois real estate license about to expire? If you're a referral broker, your renewal process differs slightly from traditional brokerages. Understanding these differences is crucial to keeping your license active and continuing to earn referral commissions.
This guide walks you through the steps to renew your Illinois real estate license as a referral broker. You'll learn about deadlines, continuing education (CE) requirements, and how to submit your renewal on time. Let's dive in!
Why Referral Brokers Need to Renew Their License
Do Referral Brokers Have to Renew?
Yes! Even though referral brokers don't actively buy or sell real estate, they still hold an active license. In Illinois, license renewal is required to maintain your status and continue referring clients for commissions.
Here's the renewal schedule:
Broker License Renewal: Every two years (April 30 of even-numbered years).
Managing Broker Renewal: Every two years (April 30 of odd-numbered years).
What Happens If You Don't Renew?
If your license expires, you lose the ability to earn referral commissions. Reactivating an expired license can involve extra fees and additional CE requirements. Stay ahead of deadlines to avoid disruptions in your referral income!
Key Differences Between Referral Brokers and Traditional Brokers
Unlike traditional real estate agents who actively list, market, and sell properties, referral brokers operate differently:
There is no need for MLS access or board memberships.
No direct involvement in transactions.
Focus solely on referring clients and earning passive income.
Lower costs, as no association dues or marketing expenses are required.
By renewing your referral broker license, you keep access to commission opportunities while avoiding the complexities of active sales.
Step 1: Verify Your License Expiration Date
Before starting the renewal process, confirm your expiration date. Here's how:
Visit the Illinois Department of Financial and Professional Regulation (IDFPR) website.
Log in to your ELicense account.
Check your license status and renewal date.
Why This Step Matters
Many brokers forget about their renewal until it's too late. Set up reminders at least 60 days before the deadline to avoid last-minute stress.
Additionally, verifying your status allows you to ensure that no unexpected issues could delay your renewal.
Step 2: Complete Your Continuing Education (CE) Requirements
Illinois law requires CE to keep your license active even as a referral broker. The good news? You may qualify for fewer course requirements compared to active brokers.
CE Requirements for Referral Brokers
12 hours of CE every renewal cycle.
Includes 4 hours of core courses and 8 hours of electives.
Courses must be state-approved.
Managing Broker CE Requirements
24 total hours of CE.
12 hours of standard broker CE courses.
12 additional hours for managing brokers.
Best Ways to Complete Your CE
Take online or live CE courses.
Choose an approved Illinois CE provider.
Keep your completion certificates for your records.
Referral Brokers & CE Exemptions
Some CE exemptions may apply if you work exclusively under a real estate referral brokerage. However, checking with your brokerage or IDFPR is best to confirm eligibility.
Referral brokers should check with their brokerage to ensure they meet all state and brokerage-specific requirements.
Step 3: Submit Your License Renewal Application
Once your CE courses are completed, it's time to renew your real estate license. Follow these steps:
Visit the IDFPR website.
Log in to your ELicense account.
Fill out the renewal application.
Pay the renewal fee:
Broker renewal fee: $150
Managing broker renewal fee: $200
Important Notes on Submission
Submitting early avoids late penalties.
Keep a copy of your payment confirmation.
If you don't receive a renewal confirmation, follow up with IDFPR.
Double-check that your renewal information aligns with your brokerage's records.
Step 4: Confirm Your Status as a Referral Broker
Unlike traditional brokers, referral brokers work under a real estate referral brokerage like Inland Real Estate Network (IREN). This means:
You don't list or sell real estate.
Your primary role is to refer clients and earn commissions.
You don't need MLS access or traditional brokerage fees.
Switching to a Referral Brokerage
If you're still with a traditional brokerage, consider switching to IREN. Benefits include:
No monthly MLS fees or board dues.
Earn commissions without active real estate work.
Maintain your license without the high costs of traditional brokerages.
Make sure your license is correctly designated under a referral brokerage. If you're not yet with IREN, now is a great time to switch and maximize your referral potential!
What If You Miss the Renewal Deadline?
If your license expires, here's what to do:
Within 2 years: Pay a late renewal fee and complete any missing CE.
After 2 years: You may need to retake courses or reapply for your license.
Can You Earn Referrals with an Expired License?
No. An expired license means you cannot legally collect referral commissions. Stay ahead by renewing early!
Pro Tips for a Stress-Free Renewal
1. Set Calendar Reminders
Mark your renewal deadline at least 60 days in advance to allow time for CE completion.
2. Keep CE Records Handy
Save all course completion certificates in one folder. If the IDFPR requests proof, you'll be ready.
3. Check Your Brokerage Status
Ensure your license is registered correctly in your referral brokerage, like IREN.
4. Watch for Renewal Notices
Illinois typically sends out renewal reminders via email. Check your spam folder to ensure you don't miss these updates.
Why Choose Inland Real Estate Network (IREN)?
Not all brokerages are created equal. IREN is the perfect fit if you're looking to maximize income without the hassle of active real estate sales.
Benefits of Joining IREN:
No MLS fees, board dues, or listing responsibilities.
Earn referral commissions without selling homes.
Stay active in real estate while focusing on other careers or interests.
Simple renewal process with full brokerage support.
Enjoy the flexibility of being a referral broker while keeping your license active.
Trusted network and support for Illinois real estate professionals.
Ready to renew your license and start earning more from referrals? Join IREN today!
Final Thoughts
Following these steps, renewing your Illinois real estate license as a referral broker is simple. Complete your CE, submit your renewal on time, and ensure your license is appropriately registered under the Inland Real Estate Network (IREN).
Need help with CE courses or want to switch to a referral brokerage? Visit Inland Real Estate Network (IREN) and maximize your referral potential today!
Wheaton, Illinois 60523. © Catalyst Group, Inc., 2016. All Rights Reserved.
Wheaton, Illinois 60523. © Catalyst Group, Inc., 2016. All Rights Reserved.