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Crestwood IL Licensed Real Estate Courses in Illinois

Did You Know?

Crestwood is a village about 24 miles southwest of Chicago in Cook County, Illinois. The population was 10,950 at the 2010 census.
According to the 2010 census, Crestwood has a total area of 3.078 square miles (7.97 km2), of which 3.05 square miles (7.90 km2) (or 99.09%) is land and 0.028 square miles (0.07 km2) (or 0.91%) is water.

Featured Course Options for Real Estate Broker Licensing in Crestwood

100% Online Home Study Package - Self-Paced
75 Hour Discounted Package for new brokers in Crestwood
Mixed Online Option - Self-Paced + Attend Pre-Schedules Live Webinars for Extra Preparation
75 Hours Online Plus Live Webinars
Online - Only 60-Hour Real Estate Topics Course

Online - Only 15-Hour Applied Real Estate Principles Course

Why Should You Choose IBA for Your Real Estate Education?

‎Get a Illinois Real Estate Broker License in Crestwood to start your career ‎Career in real estate.IBA provides Real Estate Courses in Crestwood and in the other suburbs of Chicago. We have been in business for 20+ years, with our head office in Roselle, IL.As one of our students said recently "If you need to take any real estate course, go with IBA, I’m serious." This confidence by our students from Crestwood and all across the Illinois areas is a result of our relentless pursuit for excellent education and service.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 Crestwood Licensed Brokers and Realtors Handle?

Can there be any issues with the property?

Issues relating to damage are particularly important to ask about, especially if the property is built from materials that are known to be problematic or if it has previously been affected by a natural hazard like an earthquake.
Ask the agent in Crestwood if the property has ever been subject to an Earthquake Commission (EQC) claim. If it has, ask for more information to find out what damage was caused to the property and land and whether the problems have been resolved.
You can use our Property Checker tool for suggestions of things to look out for based on a property's age, building materials, previous renovations, location, and other hazards.

How do I find real estate leads?

Getting started as a real estate agent in Crestwood can feel daunting. How do you win your first client when you have zero experience? How do you generate leads when you have no client success stories to share?
The good news: Every other agent in Crestwood started out right where you are, and thousands of them have succeeded in building thriving real estate businesses. There is a wealth of knowledge to be learned from them. In this article, we will share some of these lessons and provide a step-by-step guide to generating leads as a new real estate agent.
Step 1) Understand where the best leads come from.
Before we talk tactics, there's one important thing you need to know about leads: The very best ones aren't web leads (the kind you buy through paid advertising). The best leads come from the people with whom you've developed meaningful relationships. Nurturing these relationships will generate repeat and referral business (which, on average, accounts for 89% of all real estate transactions).
Step 2) Start with people you already know.
Reach out to people who already know and like you, and let them know you are beginning a new career as a real estate agent. Tell family members, friends, former colleagues, your dog groomer, etc.
Keep in mind that while your family, friends, and acquaintances may trust you as a human, it's going to take some time for them to trust you as a real estate professional'it may take months, or even years. Be patient with your "pre-real estate" relationships. Don't be pushy.
Step 3) Meet new people.
You need to expand your network, so start making it your mission to meet new people. Don't hide behind a computer screen'log off Facebook and get out the door! Get face-to-face with people every day.
Here are just a handful of ways to do this:
2.Join a Meetup group
3.Join your chamber of commerce and attend events
4.Talk to your neighbors
5.Take your dog to the dog park
6.Join a gym
7.Take an art class
8.Talk to strangers
Let people know you're a real estate agent, but put most of your focus on building relationships. Go out into the world with an open heart and a genuine interest in getting to know people. Once there is plenty of trusts, these new friends will be happy to provide referrals...or even work with you to buy or sell their homes.
Step 4) Add contacts to your CRM.
Every business has its tools. In the real estate business'the relationship business'your tool is a customer relationship management system (CRM). In addition to storing information about your contacts, a CRM takes those intangible concepts like "relationships" and "trust" and puts them into a quantitative format. You can see how many contacts you have, when you last contacted them, whether they've ever given a referral, how close they are to wanting to move, etc.
For every person you know, and every new person you meet, add their information to your CRM. (Be sure to get their permission to contact them.)
An article for REALTOR Magazine suggests you "tell them you want to send them some information about what you're doing, and that you hope to help them one day with a move. The worst that can happen is they say no, and the best is that they give you the information that one day leads to a sale."
Step 5) Create a strategy for strengthening your relationships and staying top of mind.
Okay, you've got a CRM full of what? The next step is putting together a strategy for strengthening those relationships and staying top of mind. In addition to phone calls and the occasional face-to-face chat, you can nurture your contacts through content marketing. Share valuable content that is useful and relevant to your contacts, and that demonstrates your expertise.
Step 6) Put everything into workflows (build your process).
Once you've developed your lead generation strategy, it's time to make it a process. A process is a series of activities that are performed exactly the same over and over again. To ensure that your lead gen strategy becomes a process, you need to put everything into workflows.
Workflows (a feature of Realvolve and some other real estate CRMs) allows you to automate your process and set reminders so nothing slips through the cracks.
With workflows, you can create email templates to use in an automated drip campaign. You can set reminders for when to post to Facebook when to make phone calls to check in with your contacts ("Hey, just calling to let you know I'm a real estate agent in Crestwood now!"), and so on. You can even set up a workflow to automatically delegate a task to your assistant.
Workflows allow you to stay on the process. And the process is crucial to getting your fledgling real estate business off the ground.
Step 7) Say "thank you."
When referrals start rolling in, the FIRST thing you should do is send a handwritten thank you note to the person who made the referral. A quick personal note will go a long way in showing your gratitude and strengthening that relationship.
Take it a step further and include a Starbucks gift card with the note. Reward the behavior you want more of.
There's no instant solution for generating your very first real estate leads. You have to put in a lot of hard work to nurture your relationships with people. You have to grind out a process and invest time and energy in building workflows.
And even after you've finished your first year, the work still isn't done (although if you've built your workflows, it should be a little easier). It's a long, continuous journey, but it's worth it. Because you will be running a successful, sustainable real estate business.

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.

Describe the parts of a deed.

A deed contains various paragraphs, wherein each paragraph is concerned with specific details or information in a comprehensive language. The key components of a deed are:
1.Heading of Document: It should mention the title of the deed.
2.Description of the deed title: The description of the deed title, which starts with the name of the deed and so the deed must contain the accurate title, i.e. "This Deed of Partnership" or "This Deed of Sale". Further, these words have to be written in block letters.
3.Date and place of execution: The execution date of the deed, follows the description of the deed title, which is relevant in a document, for the applicability of the law, maturity period, registration and transfer of title, etc.
4.Name and Description of the parties: Name and details such as age, address, etc. of all the parties and inter-parties, concerned should be stated in the document. At the time of describing the parties, the details of the transferor are stated prior to the details of the transferee. And if there is any confirming party, his/her details are to be mentioned after the details of the transferor.
5.Recitals: It includes the precise story of the property to the point, it is bestowed to the transferors. It must be kept in mind that the recital is simple and abridged.
6.Description of Property: Full description of the property needs to be provided in the document, presented for registration, as per the Registration Act. A complete description of the property is also important because it makes it easier to identify the property in the records of the Government and check if it is free from any charge.
7.Terms and Conditions: As the name suggests, terms and conditions specify the general and special arrangements, rules, requirements, specifications, etc.
8.Exceptions and Reservations: It implies the introduction of specific rights to be held by the transferor over the property to be agreed by the transferee.
9.Covenants and Undertakings: It alludes to the agreement under seal, by which the parties concerned, promises for the truth of the certain fact. It is written as 'The Parties aforementioned hereto hereby mutually agree with each other as follows:"
10.Signature of the Parties and Witness: After attestation, the signature of the parties and their witnesses needs to follow.
11.Annexure or Schedule: A deed is regarded as incomplete unless the particulars required by the registration law concerning the land or property are provided in the Schedule to be attached with the deed.

Can agents lie about other offers?

Yes, they can lie about stuff like that. You could counter that you want to see proof of the offer, but faking it has been known to happen as well.
However in this case it makes zero sense that they'd even bother with you if they have an offer that is that much better. They are probably bluffing. We would respond like, well thanks anyway but that's more than we are willing to pay and we can't close that quickly. If it's true you'd have to beat it, are you willing to pay $25,000 more and close in 3 weeks? Makes no sense that anyone would do that. If you're going to lie at least make it believable.
It's like playing poker or buying a car - just make your best offer and be willing to walk away. Don't let them wind you up into making an emotional decision.
#get your license

What are the closing sosts?

Be prepared for the upfront costs sellers may need when closing on a home offer. The total costs will depend on the buyer's offer, but an agent in Crestwood should be able to estimate the money sellers need on hand. They can include attorney fees, title fees, broker commission, appraisal fees, and more.
Closing costs are fees and expenses you pay when you close on your house, beyond the down payment. These costs can run 3 to 5 percent of the loan amount and may include title insurance, attorney fees, appraisals, taxes, and more. This guide can help you plan for closing costs, but be sure to talk to your mortgage lender about the specifics of your home purchase.
What makes up your closing costs?
a.Loan origination fees. These include fees for processing and underwriting the loan. Underwriting is part of the loan approval process when the lender checks to see if you're able to repay your loan based on a variety of factors such as credit history. These fees vary and go to your lender.
Appraisal and survey fees. The appraisal and survey are used to help confirm the fair market value of your home. Fees for these services may vary but are usually several hundreds of dollars.
b.Title insurance. Policies for both the buyer and lender are calculated based on the purchase price.
c.Homeonwers in Crestwood insurance. The first year is generally paid at closing.
d.Private mortgage insurance (PMI). If your down payment is less than 20 percent, you may need to pay private mortgage insurance (PMI), which protects the lender against losses if you cannot repay your loan.
e.Mortgage points. Also known as discount points, mortgage points are paid directly to the lender at closing in exchange for a lower interest rate on your mortgage.
f.Property tax. Usually, six months of advance tax is paid at closing. Taxes vary by location. Keep in mind: After the loan closes, the property may be reassessed and the value could increase along with the real estate tax. If the taxes are reassessed, then the amount the lender originally put aside in an escrow account may need to be readjusted to ensure there is enough to pay the new tax amount.
g.Closing or escrow fee. This fee goes to the escrow agent in Crestwood who helps you close. It can vary based on the purchase price of the home.
h.Attorney fees. Some states require you to have an attorney. Their fees may be bundled into your closing costs.
i.Miscellaneous fees. A number of smaller fees may also be included at closing, from the cost of a credit check to the cost of registering your purchase with the local government.

ID: 1499

Illinois Real Estate Act of 2000 law requires that an individual complete 75 hours of real estate educational training in order to take the state broker's licensing examination. These 75 hours consist of a 60-hour Real Estate Broker Topics course and a 15-hour interactive training course, which can both be taken online. Both of these classes can be taken online and include an Illinois state required final examination. You can enroll in these courses by adding them to your cart from our course pages. Each of our courses include the course material, audio presentations, exercises, and practice quizzes. All of our topics courses also come with
Unlimited Online Access, Dedicated Customer Support, Course Access from Any Internet Device, Instructor Assistance, Printable Materials, Progress Tracking, and an Education Administrator