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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

Because in both instances, they first had their homes valued by real estate agents, not appraisers. In the other case, my client’s attorney recommended having their marital property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.

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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. Clean data vs. dirty data So what data should be clean? Disclosure schedules essentially memorialize or qualify key aspects of the business.

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How scammers are using AI to commit new fraud in real estate

Housing Wire

And then they will impersonate the property owner. They’ll create a fake, government-issued document like a driver’s license or a passport that has all the credentials of the real property owner except for the bad actor’s picture on. And then months and even years later, the real property owner learns of it.

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Then, posing as the property owner, the scammer contacts a real estate agent to list the property. The property is then listed, typically below market value to generate interest in the listing. When it comes to close on the sale of the property the scammer will request a remote notary signing.

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Tips for Making a Successful Transition to a New City After a Personal Low Point

Cleveland Appraisal Blog

To ensure suitability, research neighborhoods, read reviews, and consult locals or real estate agents. Always visit the property before signing any agreement, and create a comprehensive list of priorities such as safety, proximity to work or public transport, access to amenities, and budget to aid decision-making.

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Real Estate Risk Management: Putting Clients’ Interests First

McKissock

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. This includes “opinions of real property value or price.” Documents and funds must be protected. About the author.