Accelerated Discount Learning Centers, Inc. offers a Broker Management 18 Hour Package for Real Estate Brokers to fulfill the requirements to renew their license before April 30th. The courses offered are:
6 hours of Broker Management
6 hours of Core A & B
6 hours of Ethics and Real Estate
New Federal RESPA rules became effective on January 16, 2009 and new forms are required to be used as of January 1, 2010. Lenders are required to use a new Good Faith Estimate form (GFEs) and a new HUD-1 Settlement Statement (HUD-1).
RESPA (Real Estate Settlement Procedures Act) is a HUD consumer protection statute which covers closing costs and procedures. It also requires that consumers receive disclosures at various times concerning fees involved in a closing and also prohibits cost inflating “kickbacks.”
The Illinois Real Estate License Act of 2000 is intended to protect the public through the regulation of all real estate licensees. Although the Act was passed in 2000, it is amended each year.