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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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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Opinion: There is a crucial need for real estate cybersecurity

Housing Wire

Real estate agents, in particular, deal with extensive personal details during transactions, ranging from financial records to identification documents. This abundance of information makes the real estate sector a prime target for hackers seeking financial gain or other malicious purposes.

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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Fewer homebuying transactions means less fraud , right? “No!

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Why It’s Important to Hire a Real Estate Agent

McKissock

Maybe you don’t want to work with a real estate agent to try and save some money, or you just think it won’t make much of a difference. Agents do more than just bring in potential buyers and show up to have documents signed. The reasons you need an agent to sell your home are the same no matter where you go.

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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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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

Ketchmark also brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. In the book, Keller also mentions that each side in a real estate transaction gets an average of a 3% commission. I do believe training is essential.”

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