Broker Management
6 hours -required
broker CE course
As of January 25, the Broker Management course can be taken home study.
This course was authored by the Illinois Department of Financial and
Professional Regulation (IDFPR). The course and printed materials
are broken down into five different sections; Broker Licensing and
Responsibilities, Agency Agreements and Issues, Office Management and Escrow
Responsibilities, Risk Reduction and Disciplinary Actions.
The course is a six-hour, classroom (as
of January 25, 2008 BM can be taken home study) continuing education course delivered
through a combination of different learning techniques; lecture,
discussion, and small group exercises.
At the completion of the course there is a 50 question multiple
choice exam that will be proctored by Information Professionals, but will then
have to be sent to the Real Estate Education Foundation (REEF) for grading. Your
notice of Pass or Failure will be mailed to you from REEF in approximately 3
weeks. Information Professionals has nothing to do with the grading of the exam.
Only 1 re-test of the exam is allowed. A re-test fee of
$25 will be charged.
Core Course A
3 hours core
Illinois Course License #164-000813
Also available home study
The Office of Banks and Real Estate has done away with the former mandatory
course requirements and have replaced the mandatory courses with a new core
course requirement.
Core A consists on instruction in license law and escrow. The course covers the changes that have been made to the license act over the past several years
and discusses changes in the Real Estate License Act of 2000. While providing an overview
of the act, the course stresses the recent changes and those parts of the act that are often
misunderstood or misinterpreted leading to disciplinary actions being taken against a
licensee. Escrow accounts and the handling of escrow moneys will be
featured. As the public becomes more aware of agency requirements, we
can expect more OBRE disciplines and more civil suits. This course will keep you from
being part of the statistics.
Core Course B
3 hours core
Illinois Course License #164-000815
Also available home study
The Office of Banks and Real Estate has done away with the former mandatory
course requirements and have replaced the mandatory courses with a new core
course requirement.
Core B consists of instruction in fair housing and agency. The knowledge of
fair housing obtained from the course will keep licensees from projecting even a
perception of discrimination towards minorities. The course will
explain many of the misconceptions that people have about fair housing. The
agency section of the core course will study the basics of Article 15 of the
Real Estate License Act of 2000 and subsequent changes and clarifications made
to Article 15. The requirements of designated agency will be presented. Much of
the time will be spent on disclosure requirements. The requirements and the pitfalls of
dual agency will be presented. Designated agency is probably the most often violated law
in Illinois real estate today.
Elective Subject Areas - 3 hours each
Agency-Who's on first?
3 hours elective credit
Illinois Course License #164-000572
Classroom only. Not available home study
The course provides a short history of agency including subagency, seller, and buyer
agency. There will be a discussion of common law agency and how it led to Illinois’
designated agency law. The requirements of designated agency will be presented. Much of
the time will be spent on disclosure requirements. The requirements and the pitfalls of
dual agency will be presented. Designated agency is probably the most often violated law
in Illinois real estate today. As the public becomes more aware of agency requirements, we
can expect more OBRE disciplines and more civil suits. This course will keep you from
being part of the statistics.
Disclosure - Sold today. Sued
tomorrow!
3 hours elective credit
Illinois Course License #164-000571
Classroom only. Not available home study
One of our most popular courses, this course provides examples of different kinds of
misrepresentation. Effective handling of stigmatized properties and the advantages of
seller disclosure will be explained. Illinois residential disclosures and lead-based paint
disclosure requirements will be reviewed. Disclosure of a licensee’s real estate
license status will be presented. Most importantly, the course will focus on how to avoid
a misrepresentation law suit.
Environmental Issues In Your R.E.
Practice
3 hours elective credit
Illinois Course License #164-000566
Only available home study
The course deals with the environmental problems associated
with real estate transactions today. The course will explain environmental problems such
as asbestos, radon, lust, formaldehyde, water well contamination, brownfields, lead based
paint hazards and more. The real estate practitioner will come away with a thorough
understanding of environmental hazards and what can be done to mitigate the problem.
Risk Management
3 hours elective credit
Illinois Course License #164-000567
Only available home study
The course outlines the basic causes of risk and remedies
designed to minimize risk. The course will cover environment, agency, fair housing laws,
ADA, antitrust, and the unauthorized practice of law.
Red Flags in Property Inspection
3 hours elective credit
Illinois Course License #164-001015
Available classroom and home study.
This course covers the red flags that reveal serious and some not so serious
defects in a property. The course will train agents to help their clients in
evaluating the soundness of a property, while staying within the scope of their
license. The course will also point out to agents that although red flags are
obvious, the causes for the defect may not be. The course will reveal who to
contact for advice in various red flags.
Ethics and Real Estate
3 hours elective credit
Available classroom and home study
Course deals with ethics and the real estate licensee. This course will
provide a background in ethics and the ethical thought process. The class will
present case studies portraying ethical dilemmas real estate licensees may find
themselves in. Class will consist of an introduction, lecture and case studies.
Buyer Agency. Dealing with the buyer as
client. 
3 hours elective credit
Illinois Course License #164-0001379
Only available class room Since
there were real estate licensees, the licensee has always looked out for the
best interests of the seller. Real estate contracts, in much the same way that
written real estate leases were written with the best interests of the lessor in
mind, have been written with the best interests of the seller in mind. Since
1995, Illinois real estate licensees have been regulated by Article 15. Article
15 requires, that in the absence of any other written agreement, the real
estate licensee is representing the party with whom the licensee is working.
This course will teach the licensee how to look out for the best interests of
the buyer as client.
Closing the Real Estate Transaction
3 hours elective credit
Illinois Course License #164-0001380
Only available class room This
course covers the various aspects of a residential real estate closing beginning
with the real estate sales contract and ending with the documents that are
executed at the time of closing. The Illinois licensee will have a better
understanding of the closing process and the importance of the real estate sales
contract with respect to the closing. The various documents signed by the
parties to the transactions will be discussed.
Introduction to Commercial
3 hours elective credit
Illinois Course License #164-0001386
Only available home study
Provides a background for those involved in or thinking of
getting in commercial and industrial real estate sales. It reviews the
motivations that a purchaser has in the purchase of the different categories of
commercial and industrial properties and gives a general discussion of the
evaluation methods to be considered in each of the types. The course discusses
the financial elements involved in a real estate investment defines the key
terms in the income and expense analysis leading to a basic financial analysis
of an investment property. Depreciation of the properties is discussed.
Fair Housing
3 hours elective credit
Illinois Course License #164-0001385
Only available home study
This course covers fair housing on the federal, state,
county and local level. Included is the text of the Civil Rights Act of 1968,
which as far as legislation goes, is quite explanatory itself. The student will
learn the protected classes on each of the levels of government and will learn
the practices expressly prohibited by law at each of these levels of government.
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