Illinois vs Minnesota for Broker Licensing

Total Fees

$208

$258

Pre-Licensing

75 hrs

30 hrs

Timeline

8-16 wks

6-12 wks

Side-by-Side Comparison

Category	Illinois	Minnesota
Total Fees	$208 ✓	$258
Pre-Licensing Hours	75 hrs	30 hrs ✓
Processing Time	8-16 weeks	6-12 weeks ✓
Renewal Cycle	2 years	2 years
Renewal Fee	$200	$100 ✓
CE Hours	12 hrs ✓	30 hrs
Reciprocity	None	Partial

Key Differences

→

Cost

Illinois is $50 cheaper for total licensing fees.

Winner: Illinois

→

Education Hours

Minnesota requires only 30 pre-licensing hours.

Winner: Minnesota

→

Processing Speed

Minnesota processes applications in 6-12 weeks.

Winner: Minnesota

Category Winners

Lower Cost

Illinois $208

vs Minnesota ($258)

Fewer Hours

Minnesota 30 hrs

vs Illinois (75 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 →

Compare More States

All Broker Comparisons Interactive Tool