Did You Know?
Brookfield (formerly Grossdale) is a village in Cook County, Illinois, located 13 miles (21 km) west of downtown Chicago. Its population was 18,978 at the 2010 census. The city is home to the Brookfield Zoo.
Brookfield is located at 41°49'22?N 87°50'51?W / 41.82278°N 87.84750°W / 41.82278; -87.84750 (41.822681, -87.847532).
Why Should You Choose IBA for Your Real Estate Education?
IBA provides Real Estate Courses in Brookfield and in the other suburbs of Chicago. We have been in business for 20+ years, with our head office in Roselle, IL.IBA is a leading online school for aspiring Illinois real estate agents. Thousands of people in Chicago, Brookfield and other cities choose to become real estate agents and brokers by taking real estate courses. Get your real estate license online with the Illinois Broker Academy! We're a fully-accredited school with some of the best online real estate classes in the industry.
We have online classes to make sure you study in your busy schedule. The 60 hour online self study broker pre-licensing course lets you learn at your own pace and complete the work on your schedule. You can trust IBA Education to provide the best education.
We also accelerated pre-license courses. These programs provides online access to the instructor with live weekly sessions and allows students to complete all 75 hours of courses completely online.
What Types of Seller or Buyer Queries Do Brookfield Licensed Brokers and Realtors Handle?
Should I order a home inspection?
Yes! Home inspections are required if you plan on financing your home with an FHA or VA loan. For other mortgage programs, inspections are not required. However, home inspections are highly recommended because they can reveal defects in the home that are not easily detected. Home inspections bring peace of mind to one of the biggest investments of a lifetime.
Before you buy a home, one of the things you should do is to have it checked out by a professional home inspector. Yes, we can hear your objection: "Buying a home is expensive enough as it is! Why would I choose to fork over hundreds more if I'm not required to?" In this article, we'll delve into what a home inspection can reveal and whether it's worth the investment.
The Home Inspection Contingency
Home inspections are used to provide an opportunity for a buyer to identify any major issues with a home prior to closing. Your first clue that a home inspection is important is that it can be used as a contingency in your contract with the seller. This contingency provides that if significant defects are revealed by a home inspection, you can back out of your purchase offer, free of penalty, within a certain timeframe. The potential problems a home can have must be pretty serious if they could allow you to walk away from such a significant contract.
In some situations, realtors are also known to include home inspection clauses in contracts, such as those for a newly built residence. In new home construction, inspections generally cover:
a.Foundations: Checking before the concrete is poured (once poured, there's very little that can be corrected).
b.Pre-drywall: Checking the structure and mechanics before the drywall is laid.
c.Full inspection: A full walk-through is performed of the completed home.
How do you choose the best broker?
You should not have to learn how to sell houses on your own. The broker you work with should be a mentor and offer training.
There is a huge difference between brokers and real estate companies. Some offer training, mentoring, and guidance, while others offer nothing. We like to tell new agents 100 % of zero is still zero. A lot of brokers offer 100 % commission splits, which means the broker keeps 100% of the commission they make. That sounds great in principle, but there are other fees that will have to be paid. It is not truly 100%, and they offer very limited training. Most agents who start with those companies do not last very long in the business. That is why we say 100% of zero is still zero. If you don't sell any houses, it does not matter what the commission split is.
Other brokerages may offer 70/30, 50/50, or any other number of splits. Some offices may require agents to rent an actual office in the brokerage while others allow work-at-home arrangements. Some brokerages charge fees for everything you use while others include those items. Every office is different, and even some national franchises will have different structures with different office locations. When looking for a broker, it is all about interviewing the local offices in your area to find the best fit.
I think it is important to go with a broker who will offer training since real estate classes do almost nothing to teach you how to actually sell houses and make money.
How to interview a realtor?
We know that buying a new home takes time. It probably took years of planning before you finally decide that this is the right time!
Here's the thing if it's your first time buying a house '“ you will have a lot of questions on your mind. Do I already have enough money? What should I do first? Is there someone I can talk to who will answer all my questions?
A real estate agent, more specifically, a buyers agent in Brookfield is the perfect person who can answer all your inquiries about buying a house. But, prior to hiring an agent in Brookfield to represent you, you have to find several candidates and find the one with whom you are most compatible.
This brings most potential home buyers to ask another question '“ Do I need to interview a real estate agent?
And the answer to the last question is a resounding YES! To find the agent in Brookfield with the right attitude and expertise to meet your needs, you need to conduct an interview. Use this opportunity to ask relevant questions.
Agent interviews usually take place in an office or over the phone. Here are a few guide questions that could help you if you have no idea how to interview a realtor when buying a home.
Pro Tip: If you are thinking about working with a relative or friend, make sure you interview them too and hold them to the same standards as the other agents because that friend or family member may not be the best agent in Brookfield for you.
Can you see the property information pack?
Information packs are created to give to prospective buyers at viewings and open homes but can also be requested ahead of viewing. They contain information that should help you make initial decisions about whether the property meets your needs and whether you want to view it or not.
Information packs will vary between agencies but may include some of the following items:
a.A brochure or flyer including photographs and basic information about the property like the number of bedrooms.
c.A record of title.
d.A recent LIM report.
e.A property inspection report.
f.Body corporate rules, if you're looking at an apartment.
g.Annual rates paid to the local council.
Real estate agents may provide a recent property inspection report commissioned by the seller. However, we recommend that you get your own report from an independent and accredited property inspector. If you rely on information from a seller's report to make an offer and later find that things in the report are wrong, you won't have the option to address this with the property inspector because the seller was their client, not you.
When you commission a property inspection report, make sure it is with an accredited inspector who has a good level of indemnity insurance in case you need to repair something that wasn't picked up in the report.
How to get home inspection job?
Three hours of test prep and a quick exam will not truly prepare you for becoming your own boss. You need to understand how to get clients and maximize your income! A career as an independent, self-employed home inspector offers incredible flexibility and the opportunity to take charge of your present and future.
Being a home inspector means great pay, flexible hours, and most importantly job security. With every house bought and sold, home inspectors stay in demand, setting you up for life. If you want to become a home inspector, but the process seems complicated (it is not), these steps will guide you through it. This is how to become a home inspector, from training and certification to your first inspection.
1.Research home inspector license requirements in your state.
There is no national standard for certification. Every state has different requirements to become a house inspector. Some states only require 60 hours of education; some require almost 400(Think Texas, New York, and Washington). Some require you to pass the national exam; some have their own exam for you to pass, too.
Do not be fooled by cookie-cutter courses that are not state-specific these programs will give you all the wrong information for a quick buck. Get familiar with the exact requirements in your state, and sign up for a class that will actually get you certified.
2.Study up with pre-licensing home inspection classes.
This job is half property inspection, half customer service. If you are coming into home inspection from either field, congrats. Half the battle is over. But if you are rusty on building basics or people-pleasing, it is a good idea to brush up. You do not have to know this stuff to be a home inspector but you do to be a good one.
Online courses are not valid in a handful of states. Do your research before wasting any time or making a big irreversible investment. You can contact us if you have any questions and we will clear everything up.
How to become a home inspector without building experience
The good news: You do not need to be an engineering expert to be a successful home inspector. But you are going to be inspecting buildings for a living. A little knowledge goes a long way. Pre-licensing courses help you learn the ropes before your first inspection, giving you an advantage over competitors. ATI offers home inspector pre-licensing classes online and in-person, keeping you on track to dominate the field no matter your schedule.
How to become a home inspector without customer service experience
Repeat business is the quickest way to a successful home inspection business. To get it, you are going to have to schmooze build a lot of relationships.
A good place to start: realtors. More often than not, homeowners trust their realtor to find a qualified home inspector (you). When realtors find a home inspector they can trust (queue: technical smarts and people skills), they will hire them again and again.
Once you are in the home, it's your job to prove the realtor right. The quickest way to a realtors heart: accurate reporting, time management, and good feedback from homeowners. When you perfect the balance, you will get repeat business, referrals, and increased credibility.
3.Get a home inspection certification & get educated
Not every state requires training, but any home inspector worth their salt with take a number of educational courses and follow up with continuing education classes. ATI offers more than 40 state-specific training courses so you can become a home inspector fast. When you sign up with ATI, we lay the groundwork for your success, with all the services you need to get NHIE certified (if your state requires it) and start making serious money. We even provide a full marketing package to get your business off the ground, including:
4.Make sure you stay certified by getting Liability/E&O insurance.
People are protective of their homes. A single accident or report omission can lead to a pricy lawsuit on your end. General liability insurance and errors and omissions insurance do more than protect you it keeps you employed. Liability and E&O insurance are must-haves for home inspectors. Period.
ATI is partnered with OREP so you can get E&O insurance and General Liability insurance, keeping you safe and employed. When you partner with ATI for home inspection certification and insurance, you do not just become the best at what you do you make sure things stay that way.
5.Get hired by a home inspection company or start your own business.
After you are certified, you have a few options: Start a home inspection business, or work at an established home inspection company. If neither appeals to you right away, good thing you are a home inspector, because you have pretty much-unlimited freedom to move between jobs. These are just the primary options.
With an ATI certification, you can be your own boss, get stable employment and even purchase a home inspection company for yourself.
Is paying 6% to sell a home required?
Traditionally, sellers will pay 6% to their real estate agent. The agent in Brookfield will split the difference between themselves and the buyer's agent. This number has been the standard commission rate since the mid-20th century. But sellers don't have to pay this 6% commission; they have other options.
Discount agents may take as little as 3% to sell a home. Flat fee services can connect sellers with real estate agents who will take over the process - all for a flat fee that saves sellers thousands of dollars. Sellers can also take on the job of being a real estate agent, listing their homes online or through multiple listing services (MLS.)