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Illinois vs New Mexico for Broker Licensing

Total Fees
$208
IL
vs
$454
NM
Pre-Licensing
75 hrs
IL
vs
90 hrs
NM
Timeline
8-16 wks
IL
vs
8-16 wks
NM

Side-by-Side Comparison

Category Illinois New Mexico
Total Fees $208 ✓ $454
Pre-Licensing Hours 75 hrs ✓ 90 hrs
Processing Time 8-16 weeks 8-16 weeks
Renewal Cycle 2 years 3 years
Renewal Fee $200 ✓ $270
CE Hours 12 hrs ✓ 42 hrs
Reciprocity None None

Key Differences

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Cost

Illinois is $246 cheaper for total licensing fees.

Winner: Illinois

→

Education Hours

Illinois requires only 75 pre-licensing hours.

Winner: Illinois

Category Winners

Lower Cost
Illinois $208
vs New Mexico ($454)
Fewer Hours
Illinois 75 hrs
vs New Mexico (90 hrs)
Faster Processing
Illinois 8-16 wks
vs New Mexico (8-16 wks)

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

New Mexico

New Mexico Real Estate Commission

Official Website →

Compare More States

Compare Illinois Broker License

Compare New Mexico Broker License