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.
Requirements to Apply for a Real Estate Broker License. To obtain a real estate broker license, you must first qualify for and pass a written examination. Those who pass the examination are provided a license application which must be submitted to and approved by the CalBRE. Age: You must be 18 years of age or older to be issued a license.