Due to a change in the Illinois Real Estate License Act of 2000, the expiration date for active real estate salesperson licenses has been extended one year to April 30, 2012. Although current licenses and pockert cards show an expiration date of 4/30/2011, they are acceptable and can be used until the extended expiration date.
A copy of the official notice can be found at the link below. Agents are encouraged to print the notice and carry it with their pocket cards.
https://yourhouseacademy.publishpath.com/Websites/yourhouseacademy/Images/SalespersonsExpDateChange2012.pdf
Tuesday, December 14, 2010
Friday, October 8, 2010
7 reasons why now is the best time to get started in real estate
1. Real estate is a cyclical business. Although it’s never easy to predict, real estate has always cycled up and down. Over the last few years there has been a great deal of pent-up buying where uncertainty has kept the market soft. The fact remains, everyone needs to live somewhere and Americans want to own where they live. It won't take long and it won’t take much to turn a sour market sweet. It's going to come back and real estate professionals will reap the benefits.
2. Buyers and sellers need real estate professionals especially in a soft market. Even the language has changed. We're hearing words we've never heard before like short sales, REO properties, and foreclosures. If you’re a seller today you definitely need a professional to get a property sold. If you’re a buyer, the choices are overwhelming and you need guidance from a pro.
3. Easy mortgage financing is a thing of the past. Today the consumer needs direction, help, and assurance that financing is available. An important role that the professional real estate agent plays is guiding their clients to the right source of financing. People today need good real estate agents to help them through the complicated home loan process.
4. The license laws in Illinois are changing and the educational bar is about to be raised quite a bit ... right now you can enter the real estate business with 45 hours of pre-license education. Early next year that education requirement becomes 120 hours. It will never be easier or more economical than it is right now to get started in real estate.
5. Complete job security. There’s no downsizing ... your job can’t be sent overseas ... no boss is going to hand you a pink slip and no one is going to force you to retire. You’ll work as an independent contractor and the only "boss" you’ll have are your clients.
6. Technology has taken a lot of the drudgery out of the business. The Multiple Listing Service is no longer just a source of property searches. Today's MLS makes checking property tax records easy and mappings software and GPS has made getting from property to property easy. Today an agent can put a buyer's wants and needs into the system and new properties will automatically appear in the client's e-mail. Digital cameras, smart phones, laptops and notebook computers have changed the way agents work.
7. Help wanted. Because the real estate market has been soft, many less serious agents have left the business creating a tremendous need for good, professional, qualified real estate agents. When this market rebounds there will be an abundance of prospects and clients and you’ll reap the harvest.
A true real estate professional can earn a good living when the real estate market is good or bad. Agents who stay well informed and educated change with the business climate. Regardless of the market, consumers need confidence that only comes from skilled professional guidance.
2. Buyers and sellers need real estate professionals especially in a soft market. Even the language has changed. We're hearing words we've never heard before like short sales, REO properties, and foreclosures. If you’re a seller today you definitely need a professional to get a property sold. If you’re a buyer, the choices are overwhelming and you need guidance from a pro.
3. Easy mortgage financing is a thing of the past. Today the consumer needs direction, help, and assurance that financing is available. An important role that the professional real estate agent plays is guiding their clients to the right source of financing. People today need good real estate agents to help them through the complicated home loan process.
4. The license laws in Illinois are changing and the educational bar is about to be raised quite a bit ... right now you can enter the real estate business with 45 hours of pre-license education. Early next year that education requirement becomes 120 hours. It will never be easier or more economical than it is right now to get started in real estate.
5. Complete job security. There’s no downsizing ... your job can’t be sent overseas ... no boss is going to hand you a pink slip and no one is going to force you to retire. You’ll work as an independent contractor and the only "boss" you’ll have are your clients.
6. Technology has taken a lot of the drudgery out of the business. The Multiple Listing Service is no longer just a source of property searches. Today's MLS makes checking property tax records easy and mappings software and GPS has made getting from property to property easy. Today an agent can put a buyer's wants and needs into the system and new properties will automatically appear in the client's e-mail. Digital cameras, smart phones, laptops and notebook computers have changed the way agents work.
7. Help wanted. Because the real estate market has been soft, many less serious agents have left the business creating a tremendous need for good, professional, qualified real estate agents. When this market rebounds there will be an abundance of prospects and clients and you’ll reap the harvest.
A true real estate professional can earn a good living when the real estate market is good or bad. Agents who stay well informed and educated change with the business climate. Regardless of the market, consumers need confidence that only comes from skilled professional guidance.
Tuesday, August 31, 2010
Truly a Window of Opportunity
If you or anyone you know has ever considered starting a real estate career, there's no time like the present. Aside from the fact that the opportunities real estate professionals have today are unprecedented ... it will never be easier or more economical then it is right now to obtain a real estate license.
With the revision of the real estate license law, the course work required to get a real estate license will more than double from the current 45 hours to 120 hours after May 1, 2011. That means if you do it now, you can still get a real estate license with a 45-hour pre-license course like the programs offered by Your House Real Estate Academy in Bloomingdale and their 9 other locations.
Getting your real estate license will never be easier.
To attend a FREE Career Seminar outlining what it takes to make real estate your career, see the blog entry below or go to:
http://www.yourhouseacademy.com/Career%20Seminar.pdf
With the revision of the real estate license law, the course work required to get a real estate license will more than double from the current 45 hours to 120 hours after May 1, 2011. That means if you do it now, you can still get a real estate license with a 45-hour pre-license course like the programs offered by Your House Real Estate Academy in Bloomingdale and their 9 other locations.
Getting your real estate license will never be easier.
To attend a FREE Career Seminar outlining what it takes to make real estate your career, see the blog entry below or go to:
http://www.yourhouseacademy.com/Career%20Seminar.pdf
Wednesday, August 25, 2010
What are they thinking?
Our Illinois lawmakers have done it again. They just often seem to take one step forward and two steps back.
The Real Estate License Law rewrite, signed by Governor Ryan at the very last minute last December, was supposed to "raise the bar" for real estate licensees by increasing the education requirements and changing the license categories.
Now the Governor has Senate Bill 3018 on his desk, waiting for his signature, that extends the time frame that a licensed real estate managing broker, broker or leasing agent may renew their license after it has expired from TWO to FIVE years! What sense does that make?
A real estate licensee can let their license expire and renew it five years later with out any additional education ... just a late charge. That doesn't sound like raising the bar to me.
The Real Estate License Law rewrite, signed by Governor Ryan at the very last minute last December, was supposed to "raise the bar" for real estate licensees by increasing the education requirements and changing the license categories.
Now the Governor has Senate Bill 3018 on his desk, waiting for his signature, that extends the time frame that a licensed real estate managing broker, broker or leasing agent may renew their license after it has expired from TWO to FIVE years! What sense does that make?
A real estate licensee can let their license expire and renew it five years later with out any additional education ... just a late charge. That doesn't sound like raising the bar to me.
Friday, June 11, 2010
Transition from Salesperson to Broker
With the recent changes to the Illinois Real Estate license act, all Illinois real estate salespeople will need to obtain a broker license by April 30, 2012. If you currently hold a salespersons license, you will have three options to come into compliance.
First, sometime around the first of the year, 2011, the state will begin offering a proficiency exam through the AMP testing service. Salespeople will need to schedule the exam with a participating real estate school. The school will proctor the computer based exam at their locations. If you pass the exam you will transition into a broker license. If you do not pass the proficiency exam, you will need to take and pass a 30 hour transition course and the school's proficiency exam.
Second, at that same time (early 2011) you can choose to take the 30 hour transition course that real estate schools will begin offering and take the school's proficiency exam. The 30 hour course is 15 mandatory classroom hours and 15 flexible learning or home study hours. At this date, we do not know what the cost will be for the proficiency exam or the 30 hour course.
Third, many salespeople are choosing to take the broker license course now which can be completed through our “Flexible learning program” (home study with workshops.) By getting your broker license now, you'll avoid the transition entirely.
Tuition for our Broker License course is $425.00, which includes all of the text and study materials. The cost for taking the state exam at one of the approved AMP sites is an additional $46.00. To enroll or for more information call 630-307-3493
First, sometime around the first of the year, 2011, the state will begin offering a proficiency exam through the AMP testing service. Salespeople will need to schedule the exam with a participating real estate school. The school will proctor the computer based exam at their locations. If you pass the exam you will transition into a broker license. If you do not pass the proficiency exam, you will need to take and pass a 30 hour transition course and the school's proficiency exam.
Second, at that same time (early 2011) you can choose to take the 30 hour transition course that real estate schools will begin offering and take the school's proficiency exam. The 30 hour course is 15 mandatory classroom hours and 15 flexible learning or home study hours. At this date, we do not know what the cost will be for the proficiency exam or the 30 hour course.
Third, many salespeople are choosing to take the broker license course now which can be completed through our “Flexible learning program” (home study with workshops.) By getting your broker license now, you'll avoid the transition entirely.
Tuition for our Broker License course is $425.00, which includes all of the text and study materials. The cost for taking the state exam at one of the approved AMP sites is an additional $46.00. To enroll or for more information call 630-307-3493
Friday, February 5, 2010
Pre-license Education in Naperville
Your House Academy, an Illinois Real Estate license school, with 10 locations in the northwest suburbs, announced plans for a 45 hour real estate course in their 11th and newest location in Naperville starting Monday, March 8. The new classroom is in the office of Prudential Starck Realtors® of Naperville, 1750 N. Washington Street.
Men and women interested in starting a career in real estate need to complete a pre-license course that prepares them to take a state license exam. In addition to the course and the exam, license candidates need to be at least 21 years old, have a high school diploma or GED and be of good moral character.
"The real estate business is dynamic and always changing," said Vince DePaul, Director of The Your House Academy. "Right now the market is changing for the better and this is a great time to get started in real estate. A person can have a flexible career with $100,000 plus earning potential that they can train for and break into in only a matter of months." DePaul added.
Tuition for the 45-hour course is $285.00 and includes all text materials and audio review CDs. For more information or to enroll you can call The Your House Academy at 630-307-3493 or visit YourHouseAcademy.com.
Men and women interested in starting a career in real estate need to complete a pre-license course that prepares them to take a state license exam. In addition to the course and the exam, license candidates need to be at least 21 years old, have a high school diploma or GED and be of good moral character.
"The real estate business is dynamic and always changing," said Vince DePaul, Director of The Your House Academy. "Right now the market is changing for the better and this is a great time to get started in real estate. A person can have a flexible career with $100,000 plus earning potential that they can train for and break into in only a matter of months." DePaul added.
Tuition for the 45-hour course is $285.00 and includes all text materials and audio review CDs. For more information or to enroll you can call The Your House Academy at 630-307-3493 or visit YourHouseAcademy.com.
The Market is Rebounding
We are seeing some strong growth in resales right now. With the job market still struggling, and with the small investment it takes to start, basically a business of one's own, it surprises me that more people are not taking this opportunity to enter a growth field. Real estate agents have survived downturns before and come out way ahead as the market turned. Now is an excellent time to take the required courses and hook up with a powerful real estate company. Here at Prudential Starck we have all the tools to help you build a successful and fun career. Give us a call.
Tuesday, January 12, 2010
The New License Law
We're all in store for a lot of changes. The major change, everyone is talking about, is the elimination of the "Salesperson" license. By April 30, 2012, all salespersons must become brokers. The exact educational requirements are not yet certain because they are set by "Rule" and the administrative rules have not yet been written.
Those of us with brokers licenses or those currently enrolled in a broker course have no concern. There is a window of opportunity right now for agents to get their brokers license and avoid the rush ... and the unknown.
We have a broker license course starting March 17th in Lake Zurich. If you want to get done now ... give us a call and we'll get you enrolled.
ANOTHER POINT ...
The education requirements for obtaining a real estate license will more than double next year. If you know anyone who would like to consider entering the real estate business please have them call. They can still obtain a license with the current 45 hour requirement but that will be over soon.
Vince DePaulPrudential Starck RealtorsSchool Office630-307-3467
Those of us with brokers licenses or those currently enrolled in a broker course have no concern. There is a window of opportunity right now for agents to get their brokers license and avoid the rush ... and the unknown.
We have a broker license course starting March 17th in Lake Zurich. If you want to get done now ... give us a call and we'll get you enrolled.
ANOTHER POINT ...
The education requirements for obtaining a real estate license will more than double next year. If you know anyone who would like to consider entering the real estate business please have them call. They can still obtain a license with the current 45 hour requirement but that will be over soon.
Vince DePaulPrudential Starck RealtorsSchool Office630-307-3467
Saturday, January 2, 2010
Gov. Quinn signs the new Real Estate License Act
Gov. Pat Quinn has signed the rewrite of the Illinois Real Estate License Act of 2000 which took effect January 1, 2010. Nothing like waiting until the last minute, hey, Governor.
The new license law is much the same as the old law but does include changes to the license categories that we've all heard about. But, don't panic. Those changes will be implemented over the next two years (through April 30, 2012) giving licensees plenty of time to make the transition.
Under the new law, “salespersons” will become “brokers” and existing “managing brokers” (office managers) will transition into the new category of “managing brokers.” If you already have a brokers license or are currently working on obtaining it, you don't have to do anything.
Some parts of the new law do take affect immediately such as new forms and amended language to some old forms. Be sure to check with your managing broker or you can find those new and amended forms at http://www.iarlicenselaw.org/.
The license law rewrite brings a lot of changes ... and let's face it change is not always easy. However, we're professionals and we will all adapt. Just keep you checkbook handy ... IAR stands to make a lot of coin from this new law.
The new license law is much the same as the old law but does include changes to the license categories that we've all heard about. But, don't panic. Those changes will be implemented over the next two years (through April 30, 2012) giving licensees plenty of time to make the transition.
Under the new law, “salespersons” will become “brokers” and existing “managing brokers” (office managers) will transition into the new category of “managing brokers.” If you already have a brokers license or are currently working on obtaining it, you don't have to do anything.
Some parts of the new law do take affect immediately such as new forms and amended language to some old forms. Be sure to check with your managing broker or you can find those new and amended forms at http://www.iarlicenselaw.org/.
The license law rewrite brings a lot of changes ... and let's face it change is not always easy. However, we're professionals and we will all adapt. Just keep you checkbook handy ... IAR stands to make a lot of coin from this new law.
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