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Real Estate/ Continuing Education/ Illinois/ A Brief Introduction to Real Estate Finance
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A Brief Introduction to Real Estate Finance

$29
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 2 Mandatory Hours: 0 Total Hours: 2
Description
State Requirements

If a buyer who's not paying cash can't obtain financing, the transaction will fail. To provide the best service to consumers,it helps to have a clear understanding of the financing process, from loan application through funding. This course provides you with the must-know financing facts to enable you to better serve your  clients who require financing.

Course highlights:

  • Key players in financing
  • The loan application package and process  
  • Consumer options for loan packages and types
  • The government’s role in real estate financing
  • Loan terminology
  • Activities and scenarios to reinforce key concepts

Package Content:

State Requirements For Illinois

Illinois State Requirement Details for Real Estate Managing Broker Continuing Education

Renewal Date: April 30th of odd-numbered years

Hours Required by the State: 24 hours

  • 12-hour Broker Management CE course
  • 6-hour core course
  • 6 hours of elective courses including
    • 1-hour course in Sexual Harassment Prevention Training

Note: A managing broker renewing their license for the first time may use the 45-hour managing broker pre-license brokerage administration and management course to satisfy the 12-hour broker management CE requirement.  If the current term of the managing broker license ends within the 90 days after the initial managing broker license is issued, a licensee is not required to complete CE for that managing broker license term but shall complete all CE requirements before the next managing broker renewal deadline.

The CE Shop’s Offering: 24 hours

  • 12-hour Broker Management CE course
  • 6-hour core course
  • 6 hours of elective courses including
    • 1-hour Illinois Sexual Harassment Prevention Training

The CE Shop LLC is a Real Estate Education Provider licensed by the Illinois Department of Financial and Professional Regulation Division of Real Estate.

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Renewal Process: The process to renew in this state can be found here. 

Max Hours in a 24-Hour Period: Licensees will not receive credit for more than 12 hours of continuing education in a 24-hour period. Our online course delivery system manages this requirement for you.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

Illinois Department of Financial and Professional Regulation Division of Real Estate

Street Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786

Mailing Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786

Telephone: (800) 560-6420

Email: fpr.realestate@illinois.gov

IDFPR Real Estate Brokerage

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