WHAT subject areas are covered in the class?
Due to the excellent instruction provided by CRES in thoroughly covering all topics pertaining to the Illinois guidelines, students can expect a successful result on the state exam. The topics covered during your class are as follows:
Deeds and Ownership: This discusses the different forms of ownership of single family homes, condos, and timeshares.
Land use: This topic covers restrictions, variances, and explains the Land Sales Full Disclosure Act
Land Descriptions: These provide an explanation of the different ways properties are surveyed
Financing: This details the various types of mortgages on residential and commercial property available to consumers
Appraisal: Explanation of the Appraisal process, approaches to value, and depreciation
Environmental Issues: This area focuses on issues with lead based paint, radon, and other potentially hazardous conditions
Title: The means of titling property, types of deeds and proof of ownership
Agency: This pertains to the fiduciary duties a Broker has to their client, customer obligations, and dual agency
Contracts: This involves the creation of a contract and the different types of contracts
Brokerage: This session targets listing agreements, buyer agency agreements, and consumer protection
Fair Housing: This deals with protected classes, advertising, discrimination, and the enforcement of various fair housing laws
Property Management: Here you’ll learn all about the different types of leases and agreements
Illinois Law: This includes state regulations, the enforcement of licensing laws, requirements of licensees, escrow funds, and disciplinary provisions