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Des Plaines IL Real Estate Courses for New Broker in Illinois

Did You Know?

Des Plaines /d?s 'ple?nz/ is a city in Cook County, Illinois. Its population was 58,364 at the 2010 census. The city is a suburb of Chicago and is located just north of O'Hare International Airport. It is situated on and is named after the Des Plaines River, which runs through the city just east of its downtown area.
Potawatomi, Ottawa, and Ojibwe (Chippewa) Native American tribes inhabited the Des Plaines River Valley prior to Europeans' arrival. When French explorers and missionaries arrived in the 1600s in what was then the Illinois Country of New France, they named the waterway La Rivière des Plaines (English translation: "River of the Plane Trees") as they felt that trees on the river resembled European plane trees. The first white settlers came from the eastern United States in 1833, after the Treaty of Chicago, followed by many German immigrants during the 1840s and '50s. In the 1850s, the land in this area was purchased by the Illinois and Wisconsin Land Company along a railroad line planned between Chicago and Janesville, Wisconsin. In 1852, the developers built a steam-powered mill next to the river to cut local trees into railroad ties. Socrates Rand then bought the mill and converted it into a grist mill, which attracted local farmers. The Illinois and Wisconsin Railroad made its first stop in the area in the fall of 1854.[8]

Featured Course Options for Real Estate Broker Licensing in Des Plaines

100% Online Home Study Package - Self-Paced
75 Hour Discounted Package for new brokers in Des Plaines
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?

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 Des Plaines and all across the Illinois areas is a result of our relentless pursuit for excellent education and service.

You may be asking yourself these questions as you search for your education: How much are real estate classes in Des Plaines? How long does it take to become a real estate agent in Des Plaines in Illinois? How do I get my Real Estate License Online in Des Plaines? Can I take all my real estate classes online? We have the answers to all your questions as you explore our site


Steps to Becoming a Real Estate Agent in Des Plaines
1. Successfully complete an approved 75 clock hour Pre-Licensing course with 60 hours of Pre-Licensing education and 15 mandatory interactive hours.
2. After you complete all the course materials, meet the minimum time requirement, and pass the practice exam, you must pass a course final exam.
3. You will have 3.5 hours to take this 140-question test comprised of two portions, covering both state and national requirements.

Get your real estate license and Launch Your Real Estate Career in Des Plaines with IBA. Find Answers To Your Real Estate Courses FAQ about options to become licensed in Des Plaines.We offer 100% Online Real Estate Courses and our courses are approved by IDFPR to be delivered in Des Plaines - 100% Guaranteed. You can check IBA's approval status at IDFPR

What Types of Seller or Buyer Queries Do Des Plaines Licensed Brokers and Realtors Handle?

Who is the most successful real estate agent?

Ben Caballero is the world's most productive real estate agent, ranked No. 1 in America for the since 2013, according to REAL Trends as published in the Wall Street Journal. He is the first and only agent in Des Plaines in U.S. history ever to exceed the $1 billion mark for residential sales transaction volume in a single year, accomplished in both 2015 and 2016. An award-winning innovator, Caballero is the founder and CEO of HomesUSA.com, Inc., working with more than 65 home builders in Dallas-Fort Worth, Houston, Austin, and San Antonio.

What are covenants in real estate?

A covenant is a provision, or promise, contained in a deed to the land. Land may be subject to a covenant that affects or limits its use. This is known as the burden of a covenant. A covenant may give a landowner some say over what is permissible on neighboring property. This is called the benefit of a covenant.
A covenant can be very important as it could affect the value of land or its intended use.
Positive or Restrictive
There are two different types of the covenant, positive and restrictive. The distinction is important as positive and restrictive covenants affect land in different ways.
A positive covenant requires some form of action to be taken e.g. to erect a fence along a boundary. Positive covenants are generally a contract between the original parties to the deed imposing the covenant and do not bind future landowners. However, it should be noted that future owners of the land which has the benefit of a positive covenant can enforce the covenant against the original owner of the land that has the burden of the covenant.
A restrictive covenant limits or prevents the use of land in a specified way to the benefit of another land. Restrictive covenants are said to run with the land. This means that the benefit and burden of the covenant relating to the land itself and not to the landowner. If one of the original parties to the restrictive covenant sells their property, the covenant will remain enforceable.

Is my home value same as the market value?

Since there are many different metrics that can predict a home's value, you may see some differences. Homeonwers in Des Plaines pay property taxes based on their home's assessed value. But this number is not always accurate compared to the market value. Market values fluctuate more than assessed values. When you are getting ready to buy or sell a house, pay attention to the market value. You will only need to worry about the assessed value when calculating how much you will pay in property taxes.

How much credit score I need to buy a home?

Most loan programs require a FICO score of 620 or better. Borrowers with higher credit scores represent less risk to the lender, often resulting in a lower down payment requirement and better interest rate. Conversely, home shoppers with lower credit scores may need to bring more money to the table (or accept a higher interest rate) to offset the lender's risk.

Is my home value same as the market value?

Your home's value is a huge part of your overall financial picture. It probably represents a good chunk of your net worth, and it's how those dreaded annual property taxes are calculated. However, if you ever try to look up the value of your home, you might find varying numbers.
That's because your home is valued in different ways, for different reasons. Most often, you'll have a market value and an assessed value, the latter of which is quite a bit lower. But don't worry'”that's usually a good thing.
Since there are many different metrics that can predict a home's value, you may see some differences. Homeonwers in Des Plaines pay property taxes based on their home's assessed value. But this number is not always accurate compared to the market value. Market values fluctuate more than assessed values. When you are getting ready to buy or sell a house, pay attention to the market value. You will only need to worry about the assessed value when calculating how much you will pay in property taxes.

Can the seller see the appraisal?

It's no surprise that appraisals are part of the process when it comes to real estate sales, but sometimes low appraisals can be a surprise. When this happens, lenders may decline to finance. And, if there's a home appraisal or loan contingency, the sale may not go through.
Recently we talked to a CRES client who is the listing agent in Des Plaines for a property. He recently learned that the buyer may back out because of a low appraisal. He wanted to know if the seller gets a copy of the appraisal.
Who Gets Copies of a Low Appraisal?
The seller often does not generally get a copy of the appraisal, but they can request one. The CRES Risk Management legal advice team noted that an appraisal is a material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.
How Can You Avoid a Low Appraisal?
A number of factors can lead to a low appraisal, some of which are out of a seller's hands. Over-inflated prices or a number of foreclosures in the area can both affect appraisals as can rising or declining market values.
Being prepared in advance for the appraisal can help. While the house doesn't have to be spotless, you don't want clutter keeping the appraiser from getting to or seeing anything in the house, yard or garage. In addition, having any necessary documents available and organized helps the process along. Sometimes it'™s a matter of preparing the seller for appraisals regarding upgrades they made and setting realistic expectations based on what they see on Zillow or other sites.
Do you have questions about an appraisal â'“ or maybe another legal issue? IBA:s clients can call the IBAClaimPrevent Hotline 7 days a week. Clients receive a guaranteed response within 4 hours or next business day, with recommendations confirmed in writing.
What have you done after a low appraisal?

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ABOUT ILLINOIS REAL ESTATE BROKER (AGENT) LICENSE COURSES

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