1 In 2015, 100% of net adjusted business profits income up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed in salary deferrals into an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 2  Profit Sharing Contribution. In 2015,100% of W-2 earnings up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed to an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 2  Profit Sharing Contribution. 3  A profit sharing contribution up to 25% of W-2 earnings can be contributed into an Individual 401k.
The first step to earning a Broker license in Illinois is to complete 90 hours of Pre-License education, which includes a 75-hour Broker Pre-license Topics course and a 15-hour interactive Broker Pre-license Applied Real Estate Principles Interactive course. Home Study - most popular option for real estate education.
How to Apply for the Broker Exam. You may apply for the broker examination by following the instructions below: 1  Complete a Broker Examination Application (RE 400B) or a Combined Broker Examination and License Application. 2  Be sure to read all instructions and information before completing the application. NOTE: You may not apply to take the examination if you have a broker license that can still be renewed (see License Renewal). 2  Include the applicable fee for the application. 3  Checks or money orders should be made payable to the Bureau of Real Estate. 4  Do not send cash.