Illinois vs Minnesota for Broker Licensing

Total Fees

$268

$258

Pre-Licensing

75 hrs

90 hrs

Timeline

8-16 wks

6-12 wks

Side-by-Side Comparison

Category	Illinois	Minnesota
Total Fees	$268	$258 ✓
Pre-Licensing Hours	75 hrs ✓	90 hrs
Processing Time	8-16 weeks	6-12 weeks ✓
Renewal Cycle	2 years	2 years
Renewal Fee	$150	N/A
CE Hours	12 hrs ✓	30 hrs
Reciprocity	Partial	None

Key Differences

→

Cost

Minnesota is $10 cheaper for total licensing fees.

Winner: Minnesota

→

Education Hours

Illinois requires only 75 pre-licensing hours.

Winner: Illinois

→

Processing Speed

Minnesota processes applications in 6-12 weeks.

Winner: Minnesota

Category Winners

Lower Cost

Minnesota $258

vs Illinois ($268)

Fewer Hours

Illinois 75 hrs

vs Minnesota (90 hrs)

Faster Processing

Minnesota 6-12 wks

vs Illinois (8-16 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois Broker requirements →

Minnesota

Minnesota Department of Commerce

Official Website →

Full Minnesota Broker requirements →

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