http://www.discountedu.com/blog Just another WordPress weblog Wed, 17 Mar 2010 22:42:17 +0000 http://backend.userland.com/rss092 en Continuing education must be completed before the April 30, 2010 deadline. If you were licensed as a real estate broker before April 30, 2008, you are required to complete 18 hours of CE credit. (6 hours of Core coursework, 6 hours of elective course and 6 hours of ... http://www.discountedu.com/blog/continuing-education-requirements/ According to REEF, the Illinois test grading facility (www.REEF.org) 37% of real estate brokers in Illinois have completed the Broker Management course (as of March 15, 2010). The remaining 63% will need to complete the course before renewing their broker's license. The deadline for license renewal is ... http://www.discountedu.com/blog/real-estate-broker-management-course-completions/ Prior to renewing a license, the licensee shall be required to complete the continuing education between May 1, 2008 and April 30, 2010. (There is no longer a CE exemption for licensees that were “grandfathered”). • Licensed as a Broker on or before 4/30/2008, Or Brokers previously licensed as a Salesperson - ... http://www.discountedu.com/blog/continuing-education-ce-hour-requirements-2010-real-estate-broker-renewal/ It is the responsibility of each licensee to properly renew their license. The licensee must accurately fill-out a renewal application and send the renewal application, together with the fee, to the Licensing Department in Springfield before the renewal date. If a renewal form is not received in the mail, it ... http://www.discountedu.com/blog/104/ 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 http://www.discountedu.com/blog/99/ Accelerated Discount Learning Centers, Inc. has updated the Continuing Education mandatory Core A & B course and it has been sent to the IDFPR for approval through the year 2020. http://www.discountedu.com/blog/illinois-real-estate-continuing-education-core-a-b/  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 ... http://www.discountedu.com/blog/recent-changes-or-additions-to-the-illinois-real-estate-license-act-of-2000/  As of January 1st, 2010 the amended Act created some new forms and amended some of the old forms.  It is increasingly important that you are using the most recent forms. The forms can be downloaded at the Illinois Association of Realtors® website store. http://www.illinoisrealtor.org/licenselaw http://www.discountedu.com/blog/illinois-association-of-realtors%c2%ae-disclosure-forms/  Effective January 1, 2010 Section 5-41 the Act clearly requires licensees to notify IDFPR of any change of office address. Section 10-30 of the Act has been amended to clarify that advertising requirements apply to all methods of advertising employed by licensees. This would include advertising using any medium including ... http://www.discountedu.com/blog/new-changes-to-the-illinois-real-estate-license-act-of-2000/  As of January 1, 2010, the Act requires a written office policy for real estate brokerage offices. The written policy should include, but not limited to the following topics:   Agency, Fair Housing, non-discrimination and harassment, clients’ confidential information, advertising, Sponsored licensees’ supervision and training, disclosures, risk management, earnest money and ... http://www.discountedu.com/blog/illinois-real-estate-license-act-of-2000-as-amended-january-1-2010/