Students preparing for real estate careers through study at any accredited college or university in Illinois must submit their applications for the 2021-2022 Academic Scholarship by April 1.

The scholarship is offered by the Illinois Real Estate Educational Foundation (REEF) in Springfield.  Complete your application here.

Applicants must be a United States citizen and a resident of the state of Illinois attending school full-time and pursuing a degree with an emphasis in real estate. Applicants must attend an accredited junior college, college or university in the state of Illinois. The number of scholarships awarded will be determined by REEF, and scholarships may be used for expenses including tuition, room and board, texts and materials.

Scholarships will be awarded using the following criteria:

  • Applicant’s interest in real estate career or an allied field,
  • Applicant’s record of scholastic achievement, including academic grade point average,
  • Applicant’s need or situation,
  • References and recommendations by instructors, employers, REALTORS® or other prominent individuals.

REEF is a not-for-profit organization established to aid and promote the work of real estate education throughout Illinois. The foundation is supported by voluntary contributions from organizations and individuals who recognize the importance of furthering academic experience and training in the real estate industry in Illinois.

Other scholarships with April deadlines

REEF offers seven other scholarships with April 1 deadlines: Daniel L. Goodwin Scholarship, George Patt Scholarship, James M. Kinney Scholarship, Morgan L. Fitch Scholarship, Parker R. Oldenettel Scholarship, Richard “Dick” Wiegers Scholarship and Thomas F. Seay Scholarship.

Since 2000, REEF has awarded 1,088 scholarships worth $803,150 to real estate professionals and their families. For more information and applications, go to