BUSINESS BROKERS License in Illinois
Quick Answer
Illinois requires registration through the Secretary of State's Securities Department, FINRA exams (Series 7 + Series 63/66), and broker-dealer sponsorship via the CRD system.
- Exam
- FINRA Series 7 + Series 63
- Total Cost
- $500 (est.)
- Timeline
- 2-4 months
- Background Check
- Required
- Renewal
- Every Annually (December 31)
Requirements
BUSINESS BROKERS license in Illinois
Estimated Costs Est.
- Exam Fee
- $305
- Total Estimated Cost
- $500
Cost Breakdown
Estimated costs for getting your BUSINESS BROKERS license in Illinois. Values marked "Est." are extracted from official descriptions.
Enter the cost of your pre-licensing education program
Fees marked "Est." are extracted from official descriptions and may not reflect current pricing. Verify with the Illinois licensing board.
BUSINESS BROKERS Salary in Illinois
Entry Level
$48,910
Median
$82,130
Experienced
$207,210
Source: Bureau of Labor Statistics. Salary data is for informational purposes only.
How to Get Licensed
Step-by-step roadmap to becoming a licensed BUSINESS BROKERS in Illinois.
- 1
Submit Background Check
No criminal record prohibitions
- 2
Submit Your Application
File your application with the licensing agency.
- 3
Receive Your License
Processing typically takes 2-4 months.
BUSINESS BROKERS Licensing in Illinois: What to Know
Illinois registers securities dealers through the Secretary of State's Securities Department. The COS data describes a securities dealer as any person who engages directly or indirectly as agent, broker, or principal in the business of offering, selling, buying and selling, or otherwise dealing or trading in securities. All agents must be sponsored by a registered broker-dealer, pass FINRA examinations including the Series 7 and Series 63 or 66, and register through the CRD system under the Illinois Securities Law (815 ILCS 5).
Frequently Asked Questions
- How much does a BUSINESS BROKERS license cost in Illinois?
- The estimated total cost is $500, including application fees, exam fees ($305), and education costs.
- How long does it take to get a BUSINESS BROKERS license in Illinois?
- The process typically takes 2-4 months, depending on education completion and exam scheduling.
- What exam do I need for a BUSINESS BROKERS license in Illinois?
- You need to pass the FINRA Series 7 + Series 63. N/A
Considering another state?
Compare BUSINESS BROKERS requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 15, 2026.