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3.0 hours Core A: Agency, License Law, Escrow, and Fair Housing


Core A: Agency, License Law, Escrow, and Fair Housing  Course Video Image

Course Syllabus:

Hrs

Requirement

3 3.0 Core A Hours

This course covers critical information for all Real Estate Licenses. The key areas covered are Agency, License Laws, Escrow, and Fair Housing Laws specific to Illinois and Federal.

Instructor: Susan Davis
Author: Lynnell Morgan CRB, CDEI 564.002618
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 3
Required Quiz Grade: 60
Exam Required: Yes (closed book)
Number of Exam Questions: 25
Type of Questions: Multiple Choice
Number of Different Exams: 2
Exam Pass Grade: 70%

Exam Retake:
If you fail the exam no credits will be issued. If you fail the exam 2 times, you are required to retake the course. There is no charge to retake the course.

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Illinois Department of Financial and Professional Regulation Real Estate Education course approval number: 564.002618

Course Objective

Define the Terms Agency Brokerage Relationships and Name the Involved Parties.

Explain the Types of Agencies.

Explain Tenant and Landlord Representation.

Describe the Creation and Termination of Agency in Real Estate

Explain Common Definitions Used in the License Law Act.

Describe Basic Licensing Requirements, Compensation, Advertising, Company Policy, Broker's Price Opinions, and Disciplinary Provisions.

Explain Escrow, Successful Sales Techniques and the main features of the CFPB.

Understanding the Consumer Finance Protection Bureau

Learn the Basics of Fair Housing in Illinois and Demonstrate Familiarity with the Relevant Federal Fair Housing and Non-discrimination Statutes.

Explain and give examples of Blockbusting, Steering and Redlining Practices and the Penalties for Violating Fair Housing Laws