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What will I learn? 
  • 1. Illinois License Law and Real Property Overview: Information about The IL Real Estate License Act and related regulations and practices. Thorough overview of real estate property types, legal descriptions, boundaries, easements, liens, title issues, property rights, ownership types, zoning, HOA’s and much more.
  • 2. Federal laws and Agency Structure: Introduction to Federal laws regarding real estate, housing and compliance, plus agency types and relationships, responsibilities to buyer and sellers, required disclosures, advertising practices and more.
  • 3. Appraisals, Market Analysis, Financing and Calculations: Explanation of the appraisal process, including methods for comparative analysis and statistics. Overview of real estate financing concepts, rules, terminology and qualifying, plus payment components and calculations, proration for taxes, fees and more.
  • 4. Real Estate Contracts, Title Transfers, Leasing and Property Management: Basic contract law, listing and purchase agreements, contingencies, earnest money, multiple offers, negotiation, title insurance, deeds, closing statements and procedures and much more.
  • 5. Case Studies and Situational Examples: Review and practice using real-world situations involving buyer and seller representation. Includes writing purchase offers and conducting negotiations, use of disclosures, creating a market analysis, estimating net sales proceeds and estimating closing costs.
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Metro East Real Estate Academy is a branch of Illinois Realtors®, a professional organization dedicated to maintaining best practices in the industry and cultivating a high level of knowledge regarding the buying and selling of Illinois real estate. Metro East Real Estate Academy adheres to the member code of ethics of Illinois Realtors®.

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