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Evergreen Park IL Licensed Real Estate Courses in Illinois

Did You Know?

Evergreen Park is a village in Cook County, Illinois. In 2010, the population of Evergreen Park was 19,852, according to that year's census.
As early as 1828, a German farming family had settled in the area of what is now Evergreen Park. In the succeeding decades, other German immigrants arrived. Kedzie Avenue and 95th Street crisscrossed the farmland and provided access to markets.

Featured Course Options for Real Estate Broker Licensing in Evergreen Park

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


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 offer 100% Online Real Estate Courses and our courses are approved by IDFPR to be delivered in Evergreen Park - 100% Guaranteed. You can check IBA's approval status at IDFPR‎Get a Illinois Real Estate Broker License in Evergreen Park to start your career ‎Career in real estate.IBA is a leading online school for aspiring Illinois real estate agents. Thousands of people in Chicago, Evergreen Park and other cities choose to become real estate agents and brokers by taking real estate courses.

What Types of Seller or Buyer Queries Do Evergreen Park Licensed Brokers and Realtors Handle?


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What are the three types of deeds?





Three basic types of deeds commonly used are the grant deed, the quitclaim deed, and the warranty deed.



Grant Deed By use of a grant deed, the conveyor says, "I grant (convey, bargain, or sell) the property to you." In a number of jurisdictions a representation that the conveyor actually owns



A sample grant deed.



the property he or she is transferring is implied from such language.
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Quitclaim Deed A quitclaim deed is intended to pass any title, interest, or claim that the grantor has in the property but makes no representation that such title is valid. In effect, this type of deed states that if the grantor actually owns the premises described or any interest therein, it is to be conveyed to the grantee. For this type of deed, some state statutes require a WARRANTY by the grantor, stating that neither the grantor nor anyone associated with him or her has encumbered the property and that the grantor will defend the title against any defects that arise under and through him or her, but as to no others.



Warranty Deed In a warranty deeds the grantor inserts covenants for title, promising that such title is good and clear. The customary covenants of the title include a warranty of seisin, QUIET ENJOYMENT, the right to convey, freedom from encumbrances, and a defense of the title as to all claims.
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What is a home buyer rebate?

What is a home buyer rebate?
A home buyer refund or rebate is when a real estate agent in Evergreen Park gives their client a portion of the commission received from the purchase of a home. Some companies refund a set amount regardless of purchase price while other companies offer a varying percentage.
As we mentioned before, the seller's real estate agent in Evergreen Park usually gives half of the 6% commission to the buyer's agent. If you are a buyer and find an agent in Evergreen Park that offers a home buyer rebate, you could get some of that money.
Learn more about home buyer rebates (and how to find an agent in Evergreen Park that offers these rebates!)

Why are home inspections important?

A home inspection is an all-encompassing examination of the condition of a home. The home inspection process is often but not always performed at the time of the sale of the home. A home is one of the most important purchases one will ever make. A home inspection is an inexpensive way to discover the universal condition of a home. It is important to conduct a home inspection to avoid a costly mistake by purchasing a property in need of major repairs. Even if you think you have found a "dream home," it is a home inspector's responsibility to let you know that your "dream home" may not be just right.
A professional home inspector is a professional who will conduct an inspection of the general condition of the home. A good home inspection will assist a buyer in understanding exactly what they are about to acquire. A home may look move-in ready, but an inspector will cover features of the house such as electrical wiring, plumbing, roofing, insulation, as well as structural features of the home and may unveil issues that are not noticeable to the buyer's eye. As a buyer, you are making a vast investment, and it is important to understand exactly what you are purchasing. Having a professional home inspector conduct a thorough inspection of the prospective property could be compared to taking out an insurance policy against all potential operating costs.
There are many different types of home inspection processes that you may want to conduct before the purchase of a home. First and most importantly, you would need a general or residential inspection performed on the home. The professional home inspector would inspect the structure, exterior, roof, electrical, plumbing, HVAC, interior, insulation, and ventilation. Once the inspection is completed, the home inspector will generally provide the buyer with a report suggesting any improvements or repairs deemed necessary to bring the home up to current standards. Home inspections may often reveal problems with a home that could be pricey to fix. This could be used as a great tool in purchasing negotiations with the seller. As the buyer, you may be able to negotiate the price depending on what the inspector has found. If flaws were found within the home, the buyer now would have a couple more options in negotiations. A buyer could negotiate a credit with the sellers, have the seller pay for repairs before the closing, purchase the home as-is, or walk away from the purchase if the issues seem too problematic.
Another home inspection process a buyer may want to have before the purchase of a home would be a termite/wood destroying organism inspection. This professional inspector would check for signs of structural damage caused by wood-boring insects. These insects may cause problems down the road. A general home inspector may perform this inspection for an additional cost, or recommend a WDO/WDI inspector to the buyer.
A radon inspection is also important when purchasing a home. Radon is a radioactive gaseous element formed by the breakdown of radium, that occurs naturally especially in areas over granite, and is considered hazardous to health. Radon gas from natural sources can accumulate in homes, especially in confined areas such as attics and basements. Radon levels fluctuate naturally, therefore testing for high levels is important. A radon test consists of using a radon kit that would be hung or placed in the lowest habitable floor of the house for two to seven days. After the kit sits for the required amount of time, the inspector sends the kit to a lab for analysis. If a radon test comes back high, some ways to alleviate the radon could be: sealing concrete slab floors, basement foundations, and water drainage systems. This could be a costly fix, suggesting the importance of radon inspections. Some general home inspectors will also do radon testing at an additional cost. It is important you ask your inspector if he performs these inspections, or for recommendations.
Other inspections that you may want before purchasing a home may be well water testing, oil tank testing, and septic tank testing. General home inspectors may be qualified to perform all of these tests and/or inspections for additional fees. It is important that you ask your potential inspector what his/her qualifications may be.
If at all possible, it is recommended to attend your home inspection process. This is a valuable educational opportunity. Never pass up the chance to see your forthcoming home through the eyes of an expert. The cost of a home inspection may vary depending upon the size, region, and age of the house. A home inspection could take anywhere from 2-5 hours, again, depending upon the size and age of the home. It is not an inspector's responsibility to correct or repair any potential issues found in the home. An inspector may recommend repair, or seek out skilled professionals in each trade for further information.
A home inspection will definitely give the buyer peace of mind and put the buyer's mind at ease that the home is in good shape. It can also become a negotiation tool in closing and could inform the buyer of potential future maintenance and upkeep. A seller of a home may also request a home inspection before the home is put on the market. This may assist the seller in setting a price, correct any issues with the home before it is put on the market, or merely having a pre-inspection report available for buyers informing them that the seller has nothing to hide.

How is the real estate market right now?

A frequently asked question from home sellers before listing their homes for sale is related to the local real estate market. There are many market indicators that a top-producing Realtor should be able to share with you to help explain the condition of the local real estate market. One of the most important indicators of market conditions is average days on the market. The average days on market can indicate to a seller how quickly homes are selling when listed for sale.
Other examples of market condition indicators that a top producing Realtor will provide a home seller before listing their home include market absorption rates, number of closed transactions year-over-year for a given month, average sale prices, and the average list price to sale price ratios.
A frequently asked question from home sellers before listing their homes for sale is related to the local real estate market. There are many market indicators that a top-producing Realtor should be able to share with you to help explain the condition of the local real estate market. One of the most important indicators of market conditions is average days on the market. The average days on market can indicate to a seller how quickly homes are selling when listed for sale.
Other examples of market condition indicators that a top producing Realtor will provide a home seller before listing their home include market absorption rates, number of closed transactions year-over-year for a given month, average sale prices, and the average list price to sale price ratios.

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.

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.

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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
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