Description

The Illinois Real Estate License Act of 2000 sets the foundation for ethical and legal real estate practices in the state, and as a licensee, it’s your responsibility to understand the regulations that guide agency relationships, brokerage agreements, advertising rules, escrow management, and fair housing compliance. This course will break down these critical topics in an engaging, practical way, helping you apply them to real-world transactions with confidence.

In these six hours, we’ll navigate key laws and policies that impact your daily operations, ensuring you can confidently meet client needs while adhering to Illinois and federal regulations. From understanding your fiduciary duties to avoiding costly compliance mistakes in advertising and fair housing, this course is designed to keep you up to date and in control of your professional responsibilities. Let’s dive in and ensure you have the knowledge to protect your business, serve your clients effectively, and uphold the integrity of Illinois real estate!

This 6-hour course meets the “single core curriculum” continuing education requirement for brokers and managing brokers in Illinois which includes two hours of required fair housing training. This course also meets the triennial, 2-hour NAR Fair Housing requirement.

Illinois Core CE is a 6-hour online CE course hosted on the Leap Learning online platform. Follow the instructions at checkout to create your Leap Learning account.

Course highlights include:

• An overview of the history behind and changes to the Real Estate License Act of 2000
• A review of the act’s general requirements and what the law considers to be unprofessional conduct warranting disciplinary action
• An in-depth review of agency law (including leasing agent law), agency relationships, and required disclosures
• A review of the types of agency agreements allowed in Illinois, and the minimum services required of each
• A review of the required property, environmental, and compensation- and business-related disclosures
• An overview of escrow accounts, how escrow funds must be handled, and appropriate practices if funds are disputed
• A review of advertising requirements for several types of media
• A brief history of fair housing-related legislation and the protected classes at the federal, state, and local levels
• A discussion of appropriate fair housing practices and avoiding discriminatory practices
• An overview of filing fair housing complaints and enforcement

Approval #: 564004066