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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Consumer education at the center of wire fraud mitigation efforts

Housing Wire

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 365
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Here’s the key to being an empowered real estate professional in 2022

Housing Wire

2022 is slated to be? a buyer’s market. ? . Agents, you might have a new area of interest for prospective buyers.??. a broker or an agent, having a deep knowledge of your market is impressive. Your agents are trained on market activity and are seen as trusted sources. . their predictions.?Home

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 437
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! You can use other agents’ listings here, but be careful not to imply that you’re the agent. Are you considering selling your property?

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Knock reverses course on loan officer pay cut

Housing Wire

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan. Knock does not do refinancings.).