Colorado vs Illinois for MLO Licensing

Total Fees

$395

$391.25

Pre-Licensing

20 hrs

Timeline

4-10 wks

4-8 wks

Side-by-Side Comparison

Category	Colorado	Illinois
Total Fees	$395	$391.25 ✓
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	4-10 weeks	4-8 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$200	$200
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Illinois is $3.75 cheaper for total licensing fees.

Winner: Illinois

→

Processing Speed

Illinois processes applications in 4-8 weeks.

Winner: Illinois

Category Winners

Lower Cost

Illinois $391.25

vs Colorado ($395)

Fewer Hours

Colorado 20 hrs

vs Illinois (20 hrs)

Faster Processing

Illinois 4-8 wks

vs Colorado (4-10 wks)

Colorado

Colorado Division of Real Estate

Official Website →

Full Colorado MLO requirements →

Illinois

Illinois Department of Financial and Professional Regulation

Official Website →

Full Illinois MLO requirements →

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