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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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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? billion in Missouri alone.

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How to get a real estate license in Ohio (OH) in 5 steps

Housing Wire

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

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Why Buyers Shouldn't Waive Inspection Contingencies

Eppraisal

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. When a house comes on the market, buyers flock to it. Some buyers like to have the roofs inspected by roofing companies.

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Non-Arms Length Sales for Appraisers

Appraisal Today

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction.

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Your Guide to "For Sale by Owner"

Eppraisal

Of course every home sale will always include the owner, but FSBO refers to a very specific type of sale where the homeowner handles the sales process without the aid of a real estate agent. In 89% of real estate transactions, a homeowner will use an agent or broker to market the property and handle the paperwork.

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The Role of an Attorney in a Real Estate Transaction

Eppraisal

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. A real estate attorney has quite a few roles in a real estate transaction. All correspondence is usually in the form or legal letters and emails.