License Law Passes House and Senate from IAR

License law rewrite clears Illinois House and Senate; now headed to governor. IAR’s Real Estate License Law rewrite (SB 1894) was approved on Oct. 15 by the House and on Oct. 29 by the Senate. The bill now goes to the Gov. Quinn for his approval. In terms of timing, the legislature has a maximum of 30 days to transmit the bill to the Governor, and then the Governor has 60 days to act on the bill. However, IAR anticipates that the bill will be acted upon relatively quickly. If approved, the section of the bill containing the Real Estate License Act is effective December 31, 2009. The bill gives licensees until April 30, 2012 to go through the proficiency exam or coursework requirements. Read IAR's License Law talking points and Q&A to help clear up any misconceptions about the proposal.

REAL ESTATE CAREER SEMINAR

CAREER SEMINAR REVEALS THE FACTS
The real estate market place is always changing and right now it looks like it's changing for the better. With the encouraging reports from the media recently more and more people are buying and selling homes today and are looking for guidance from real estate sales professionals. A career in real estate is potentially more rewarding now than ever before.
The truth is this is a great time to start a real estate career. The market is turning around and people are looking for help from real estate professionals.
A good place to start exploring the possibility of a career in real estate is a Career Seminar like the one Prudential Starck Realtors is presenting Tuesday evening June 2 at 7:00 PM at their Bloomingdale Learning Center, 181 S. Bloomingdale Rd in Bloomingdale. The seminar is free and is billed as "A Night of Questions and Answers." Questions about requirements for licensing, qualifications, earning potential, training and what it takes to get started will all be answered.
Anyone interested in discovering the realities of real estate sales can learn the facts that night.
Prudential Starck Realtors holds these Career Seminars regularly. For a schedule or to reserve your spot call 800-375-7032.

Tuition Reimbursement Program from Prudential Starck Realtors

Real estate sales is an exciting and rewarding profession that offers lots of great opportunities. A career in real estate allows you to meet and help interesting people, experience freedom and independence, use your personal strengths and obtain financial security. Of course, before you can start in the business, you need to obtain your Illinois real estate license. That requires a course and tuition.

Whether you take the class at a college or at a private school, the tuition is usually around $350 including text materials.

The real estate school that Prudential Starck Realtors® underwrites, Your House Academy, offers the state-approved pre-license course for $285.00.

Prudential Starck Realtors® underwrites the school in order to attract good agent prospects to the company.  In addition to making a lower tuition possible, as an added incentive, agents who join the company will receive 1/2 of their tuition refunded when their first transaction closes.

When you consider all the great training, tools and leadership Prudential Starck Realtors® offers their agents, this tuition refund program is just like "icing on the cake".

For more information about the pre-license course offered through Your House Academy visit their website at YourHouseAcademy.com or call Vince DePaul at 800-375-7032.

Your House Real Estate Academy - CE Classes

In my last post, I short changed the Academy. CE 12-hour home study courses are offered through a cooperating agreement between Your House Academy and The Illinois Academy of Real Estate. The Illinois Real Estate License Act requires 12-hours of professional Continuing Education for all licensees who are not exempt. 6-hours must be in the mandatory core categories (A & B) and 6-hours may be elective courses.

Students receive textbooks and workbooks for the course or courses ordered. The books contain reading assignments and self testing. When prepared, the student calls and sets an appointment for testing. The exams are proctored exams and administered at our corporate offices or at the site of an approved proctor. The student has a minimum of two weeks and up to six months to complete the program. Tuition is $25.00 per 3-hour course or $75.00 for all 12-hours
Contact Vince DePaul at (630) 307-3493 or (800) 375-7032 or by email for more information.

License Renewals

April 30 deadline looms for salesperson license renewals in Illinois. If you still need to complete continuing education, see IAR’s home study, online and classroom options.

Licensing Requirements Changing

Introduced 2/20/09 is a Bill before the Illinois House that proposes changes in the Real Estate License Act of 2000. The Bill proposes that no new salesperson licenses be issued after April, 2011 and all new licensees will need to complete a 90 hour course of broker instruction. The current requirement is 45 hours for salesperson license. The Bill provides for a transition from existing sales license to the new broker license by completing a 30 hour additional course or by passing a State approved proficiency exam. I'll have a more detailed explanation on prudentcareers shortly. Questions can also be directed to Vince DePaul at YourHouseAcademy.

Illinois License Requirements

The basics: 21 years of age, high school or GED, good moral character, pass a 45 hour prelicense course and pass a State license exam. The course hour requirement may be increasing soon. The official handbook can be viewed at http://www.goamp.com