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 escrow handling as well as any other provisions the managing broker deems pertinent.
January 22, 2010
January 21, 2010
The Real Estate License Act of 2000, as amended January 1, 2010
As of January 1st, 2010, the Act was modified to state that a licensee can be disciplined based on a guilty plea regarding a crime, even if it is unrelated to the real estate business. A licensee can be disciplined if he/she is determined to be unable to practice with the necessary degree of skill and judgment, which might be determined by a hearing.
December 22, 2009
IDFPR approved Broker Management course
According to the IDFPR (Illinois Department of Financial and Professional Regulation) www.IDFPR.com website there are only ten continuing education schools which have been approved to provide the mandatory Broker Management course in an online format. There are over 20 schools that provide the course in a classroom setting, but only ten that offer the convenience of studying anywhere, anytime. Accelerated Discount Learning Centers is one of the companies approved to provide an online self-paced course.