This course provides 75 hours of instruction in basic principles of real estate required of all applicants for a salesperson license in Illinois. The course prepares learners for the Illinois licensing exam and provides the practical business knowledge and foundation necessary to be a successful real estate salesperson in Illinois. Topics include:
- Agency relationships and contracts
- Real property ownership and interests
- Finance
- Real property descriptions, valuation, and conveyance
- Marketing regulations
- Property management
- Real estate calculations
- Purpose of license law
- Licensing requirements
- License status
- Broker and company licenses and place of business
- Recovery Fund
- Disciplinary actions and process
- Estimated closing statement
- Trust funds
- RECAD
- Violations leading to possible disciplinary actions
