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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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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.”

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

Housing Wire

2022 is slated to be? 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. . Agents, one of the biggest factors in property sales is pricing. Guiding your clients to a price?that 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? 2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt.

Finance 428
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Appraisers voice opinions on AMCs, appraisal delays

Housing Wire

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. For non-appraisers, the greatest challenge was lack of inventory , with 66% of respondents selecting this response.

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Chris Lim steps down at Christie’s president; Hamrick and Van Eck to share role

Housing Wire

Charfi is the former senior director of sales and strategic growth at Compass and he has a background in business development for both real estate and technology companies including LinkedIn and Oracle. Since leaving Compass in 2022 after a seven-year stint, he has consulted for real estate brokerages and proptech firms.