IL 12.0 hours Valuation, Marketing, and Listings - How it Works


Illinois Real Estate License Renewal Real Estate Continuing Education Course Video Image

Renewal Package:

This course package contains a comprehensive outline on obtaining and managing listings, determining value through a comparative market analysis, pricing, negotiating offers and determining the strongest offer for a seller. As a bonus, you can use the Ethics course for the 2018 NAR fulfillment.

CE Requirement:

12 hours of continuing education. Courses must include:

  • 3 hours Core A
  • 3 hours Core B
  • 6 hours of Electives
  • 12 hrs Broker Management (classroom only)

Package Summary:

You will be better prepared on comparative market analyses (CMAs), their use and what data should be collected prior to performing the analysis with this ce package. Emphasis is placed on the difference between a CMA and an appraiser. Details are discussed about the appraisal process, the role of the appraiser and the different types of appraisals. Licensees will learn about cost, value and price and their differences. Approaches to value are discussed such as the cost approach, income approach and comparable market approach. Zoning, encumbrances, liens, deed restrictions, easements, and comprehensive planning are also explained. Reviewing agency duties to clients and customers, circumstances, where a licensee should contact their managing broker and ethics as it pertains to dealing with others, will also benefit the consumer.

Included Courses Approved for Exam Required Quiz Grade Seat Timer
3.0 hours Core B: Legal Issues - Risk Management Tools 3.0 Core B Hours.
Yes (closed book)
60%
Yes
3.0 hours Valuation, Marketing, and Listings 3.0 Elective Hours.
Yes (closed book)
60%
Yes
3.0 hours Core A: Agency, License Law, Escrow, and Fair Housing 3.0 Core A Hours.
Yes (closed book)
60%
Yes
3.0 hours Ethics 3.0 Elective Hours.
Yes (closed book)
60%
Yes