Remove Home Value Remove Legal Remove Real Estate Agent Remove Sellers
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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

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

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The Real Estate Transaction: Part 2 - From the Eyes of the Seller

Eppraisal

Earlier this week we explored the real estate transaction from the perspective of the Buyer. We'll now dissect the entire real estate transaction from the perspective of the seller. If a buyer calls you directly or knocks on your door, refer them to your listing agent.

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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 Many Shades of Earnest Money

Eppraisal

As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. Your real estate agent will guide you on the amount of earnest money to offer that is typical or expected in your market.

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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.