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Olympia Fields IL Licensed Real Estate Courses in Illinois

Did You Know?

Olympia Fields is a village and a south suburb of Chicago in Cook County, Illinois. The population was 4,988 at the 2010 census. The municipality grew up around the prestigious Olympia Fields Country Club, originally established in 1915. Olympia Fields is noteworthy as one of the wealthiest and best educated, majority African-American communities in the United States. The village's zip code (60461) is one of three majority African American communities which rank among the top five percent in the U.S. for median household income and share of adults with college degrees.
The area that comprises the village today was once farmland managed by immigrant families during the 1830s. The Illinois Central Railroad began serving the area in the 1850s, which fostered population and economic growth during that era.

Featured Course Options for Real Estate Broker Licensing in Olympia Fields

100% Online Home Study Package - Self-Paced
75 Hour Discounted Package for new brokers in Olympia Fields
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 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.
Broker Course Package from $199. Complete your 75 Hours Pre-license courses Online with continued Instructor Assistance and support, 24-Hour Access to Courses, and superior customer service in Olympia Fields.
‎Get a Illinois Real Estate Broker License in Olympia Fields to start your career ‎Career in real estate.We offer 100% Online Real Estate Courses and our courses are approved by IDFPR to be delivered in Olympia Fields - 100% Guaranteed. You can check IBA's approval status at IDFPR
Steps to Becoming a Real Estate Agent in Olympia Fields
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.



What Types of Seller or Buyer Queries Do Olympia Fields Licensed Brokers and Realtors Handle?

How can I become a millionaire?

So you want to become a millionaire. You know your goal, but maybe it seems too far off in the distance, too improbable, too unattainable, for an everyday person like you to reach. You've seen the success stories on TV, but those people inherited their money, had high-paying jobs, or hit it big with the lottery. Maybe you find yourself thinking: If only I was that lucky.
Well, we've got good news for you. You can become a millionaire'and it has nothing to do with your family's money or your education. It has everything to do with you.
8 Tips for Becoming a Millionaire
1.Stay Away From Debt
2.Invest Early and Consistently
3.Make Savings a Priority
4.Increase Your Income to Reach Your Goal Faster
5.Cut Unnecessary Expenses
6.Keep Your Millionaire Goal Front and Center
7.Work With an Investing Professional
8.Put Your Plan on Repeat
If you follow these eight principles, you'll be on your way to becoming a millionaire. Are you ready?

The first step of home buying process is?

Getting pre-approved for a mortgage is the first step of the home buying process. Getting a pre-approval letter from a lender gets the ball rolling in the right direction.
Here's why:
First, you need to know how much you can borrow. Knowing how much home you can afford narrows down online home searching to suitable properties, thus no time is wasted considering homes that are not within your budget. (Pre-approvals also help prevent disappointment caused by falling in love with unaffordable homes.)
Second, the loan estimate from your lender will show how much money is required for the down payment and closing costs. You may need more time to save up money, liquidate other assets or seek mortgage gift funds from your family. In any case, you will have a clear picture of what is financially required.
Finally, being pre-approved for a mortgage demonstrates that you are a serious buyer to both your real estate agent in Olympia Fields and the person selling their home.
Most real estate agents will require a pre-approval before showing homes - this is especially true at the higher end of the real estate market; sellers of luxury homes will only allow pre-screened (and verified) buyers to view their homes. This is meant to keep out "Looky Lous" and protect the seller's privacy. What's more, by limiting who enters their home, sellers are given extra security from potential thieves trying to case the home (like identifying security systems, locating expensive artwork, or other high-value personal property).

How do you ask for a lower price?

Make it clear that you are willing to walk away if they are not willing to add something complementary to the deal. Here is the key to how to negotiate the nibble. Agree on the purchase of the main item. Agree on the price and terms.
The other person thinks they have sold the item, even a house, a car, or a boat, at a price that they are happy to receive. Then you add on additional requests.
Use these negotiation techniques to secure the best prices for yourself in business sales and in life. Never be afraid to ask for a better price, remember that prices are an arbitrary number for the most a salesperson thinks you're willing to pay. You can almost always get a better price. These techniques also work in long-term business arrangements, where you will be working with the same party again, year after year.
These are 5 negotiation skills that you should be prepared to use in any selling situation.
1) How To Negotiate Price Using "The Flinch"
No matter what price the other person offers, flinch as if you just heard something very disappointing. Put a sad look on your face. Roll your eyes upward and back as though you were experiencing great pain.
Say something like, "Wow! That's an awful lot of money!"
Surprisingly, sometimes just flinching will cause the other person to drop or increase the price immediately. And if the first flinch gets you a lower price when you are buying, or a higher offer if you are selling, be prepared to use the flinch again and again throughout the negotiation.
2) Asking Questions As A Negotiation Skill
Ask, 'Is that the best you can do? Can't you do any better than that?"
When you ask the price and the person tells you the price, you pause, look surprised, or even shocked, and say, 'Is that the best you can do?"
And then remain perfectly silent. If there is any flexibility in the price, very often, the other person will drop the price immediately, or raise their offer immediately.
If they lower their price in response to, "Is that the best you can do," you then say, "Is that the very best you can do?"
Ask, "Couldn't you do any better than that?"
You can also ask, "What is the best you can do if I make a decision today?"
This adds an element of urgency and triggers the fear of losing the sale in the mind of the vendor.
3) How To Negotiate Price Using Assertion
Whatever price they give you for a particular item, you immediately reply, "I can get this cheaper somewhere else."
Whenever you tell a person that you can get that item cheaper somewhere else, from one of their competitors, they immediately soften and begin to backpedal on the price. When you use this negotiation tactic to tell people you can get it cheaper somewhere else, they lose their confidence and become much more open to negotiating with you on a better price, rather than lose the sale altogether.
The assertion, "I can get this cheaper elsewhere," often demolishes price resistance because they think that you will go somewhere else.
Remember to make it easy for a person to give you concessions. Don't be adversarial or confrontational. Be a nice person. When you ask in a pleasant way, it's much easier for the person to concede to you than if you are serious or aggressive.
4) Lowballing In Negotiations
When they ask you for $100, you lowball your answer and say, "I'll give you $50 cash right now."
Whenever you offer cash immediately, the price resistance of the other party diminishes dramatically. There are reasons why offering an all-cash deal causes people to be more open to doing business with you. The three most obvious ones are reduced inventory costs, no credit card merchant fees, and the feeling of "instant gratification."
Sometimes, you will offer them $50 for a $100 item, and they will come back with an offer of $60. Very often you will find that even if you lowball at a price that seems ridiculous, they will sell it to you for far less than you ever thought you were ever going to have to pay.
5) Using "The Nibble" Negotiation Tactic
A nibble is an add-on.
You say something like, "Okay, I'll agree to this price if you will throw in free delivery."
If they hesitate about adding something else into the deal.
You can say in a pleasant way, "If you won't include free delivery, then I don't want the deal at all."

How to get rid of secured debt?

Secured debt is debt that is backed, or "secured," by an asset such as your car or home. If you default on secured debt, your creditor can take the asset by, for example, foreclosing on your home or repossessing your car. This threat to your assets can make the secured debt more of an immediate concern than unsecured debt, such as credit card debt or student loans. There are a few things you can do to help get rid of your secured debt.
Make a budget. Carefully consider all of your current expenses. Categorize them by importance and variability. For example, your mortgage is both important and fixed, while expenses from dining out are not important and are variable. Look for areas where you can cut down on luxury expenses to free money to pay down your secured debt.
Contact your lenders before you start missing payments. Explain your difficulties, and try to work with them to establish a payment plan you can meet. They will be most receptive to working with you if your current financial difficulties are temporary, such as if you recently lost your job, and you will be able to resume normal payments later.
Sell the asset the debt is secured by if its current market value is higher than your debt. If you can get more than you owe for the asset, you can use the money from the sale to get rid of the debt. Selling the property yourself will avoid the negative consequences to your credit score that come from repossession or foreclosure.
Allow your home to go into foreclosure, if you owe more than it is worth and the mortgage is "no recourse." A 'no recourse" loan means that once the property has been sold, the lender cannot go after you for more money even if the sale did not cover the debt. Check your mortgage contract carefully and the laws of your state to determine if it is a no recourse loan. If the loan is not a recourse, you will be responsible for paying your lender the difference between what you owe and the net gain from the sale.

The best strategy for selling the home is?

At Illinois Brokers Academy, we've always aggressively marketed our clients' properties. We have a multi-platform strategy with a particular focus on online and local marketing. To begin with, we make sure that the property is priced right and that it's in good shape and ready for viewing. Then we ensure that it's visible on top sites such as Realtor.com. We also treat each property as unique, so we'll always modify our plan depending on its features and your needs. Whether or not this is the best marketing strategy is up to you to decide ' but since IBA is the top-selling broker in Illinois, then we must be doing something right!

How can I make 200k in real estate?

If you're looking for how to invest 200k in real estate, and you actually have this amount on hand, you'll no doubt be looking to continue to build on such wealth.
Having a substantial amount to invest, you won't need to be looking for quick solutions or get rich quick schemes here!
Thus, you can look to invest in those options offering a long-term solution instead.
Here we consider the many options open to you when it comes to investing in the fascinating industry of real estate.
1. Buy a Vacation Rental
2.Purchase a Property to Rent Out
3.Fix Up and Flip a Property
4.Consider House-Hacking
5.Invest in a REIT

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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