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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.”

Brokerage 382
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Real estate brokers focus on value amid commission lawsuit unease

Housing Wire

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Third, Compass agents have doubled down on training to help them better communicate their value proposition. Reffkin added that he also believes agents will have to sell their brokerage firm’s value proposition to prospective clients if they want to gain their business.

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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I Due to this, Edgerton and other industry leaders believe it is essential for agents to focus on training and education as the mid-July deadline looms just a few months away. More off-MLS listings?

Brokerage 420
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What Are the Fiduciary Duties of a Real Estate Agent?

CA Realty Training

You have to build strong relationships with your clients to have a long, lucrative career in real estate. . The top producing agents earned their fame and fortune because of the people they know. When your clients like working with you, they will recommend your services to other people they know. Confidentiality.

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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. Warner claimed that Blefari’s statements were not a rule for agents to follow, but an example of what Blefari would do.

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