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
Friday, June 11, 2010
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.
Thursday, December 17, 2009
Where Are the Youngsters?
Just noticed that the average age of real estate agents is now 51. While that's not old given today's aging population, it made me wonder why more recent college and highschool graduates are not entering this field and pulling the average age down a bit? We've had a great ride in this career and it will rebound (I think big time) soon. If you're looking at alternatives, take a look at prudentcareers.com for some additional information about a career in Illinois real estate sales.
That being said, if you happen to be an older person (like me) thinking of entering a second or third career, we'd be happy to welcome you also.
That being said, if you happen to be an older person (like me) thinking of entering a second or third career, we'd be happy to welcome you also.
Friday, December 11, 2009
Value of Career Nights
Most of the students I've asked have been reticent to attend so called "Career Nights," expressing concerns about being pressured (similar to condo sales events, I guess) to join a company. The reality, at least with our career nights, could not be further from the truth. We want people interested in the real estate career to be able to ask questions, meet active agents, listen to experts, and gain enough insight into the business that they're able to make an informed decision (or guess) as to whether to pursue this as a serious career or move in another direction. The last thing we intend or try to do is pressure someone into the business which is an almost direct road to failure.
Friday, November 27, 2009
Illinois Real Estate License Exam Review
Passing the Illinois real estate license exam just might be easier for you if you read and memorize the review we've written and posted to prudentcareers.com. Here's a excerpt:
General Concepts: Types of real property include residential, commercial, industrial, agricultural, special purpose. The most critical economic characteristic of land is area preference: location, location, location. Physical characteristics are immobility, indestructibility, and uniqueness. Real property includes air rights and mineral rights and the bundle of legal rights: possession, control, enjoyment, exclusion and right to sell.
What distinguishes personal property (or chattels) from fixtures is that personal property is moveable and by removing it the property would not be damaged. A fixture is personal property that has become part of the real estate by attachment, like a light fixture. Tests of a fixture include intent and method of attachment.When you own a home, mortgage interest and property taxes are deductible expenses; principal paid, insurance premiums and private mortgage insurance are not deductible items.
General Concepts: Types of real property include residential, commercial, industrial, agricultural, special purpose. The most critical economic characteristic of land is area preference: location, location, location. Physical characteristics are immobility, indestructibility, and uniqueness. Real property includes air rights and mineral rights and the bundle of legal rights: possession, control, enjoyment, exclusion and right to sell.
What distinguishes personal property (or chattels) from fixtures is that personal property is moveable and by removing it the property would not be damaged. A fixture is personal property that has become part of the real estate by attachment, like a light fixture. Tests of a fixture include intent and method of attachment.When you own a home, mortgage interest and property taxes are deductible expenses; principal paid, insurance premiums and private mortgage insurance are not deductible items.
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