REP 121 INTRODUCTION TO REAL ESTATE SALES

By Request

This course is designed to introduce the student to such real estate fundamentals as ownership, principles and concepts of property ownership, various types of real estate opportunities, real estate marketing, financing, leasing, taxation, appraisal, development, insurance and state licensing. This course would be appropriate for persons seeking to prepare for the Illinois License Examination for real estate salesperson.

Credit: 3 hours - Three lecture hours per week. (30 contact hours)

Prerequisite(s): None

 

REP 123 ADVANCED TRANSACTIONS

By Request

This course is designed to cover the obligations and effects of legal documents in listing, selling, conveying, leasing, and financing real estate. Emphasis will be placed upon the various legal documents used in real estate transactions. Other appropriate topics will be covered to inform the student of the nature and functions of the real estate brokerage. Such topics as qualifications of the real estate broker, principles of land utilizations, appraisal principles and methods, basic policies, organizations and equipment of the broker's office, office personnel, selection of sales persons, compensation of salespersons, types and sources of listings, control of listings, control of prospects, real estate markets, financing control and government regulations will be covered.

Credit: 1 hour - One lecture hour per week. (16 contact hours)

Prerequisite(s): Introduction to Real Estate Sales-REP 121 or a valid real estate salesperson license.

 

REP 124 CONTINUING EDUCATION/CORE COURSE

By Request

Pursuant to the License Act of 2000, Article 5, Section 5-70(d), the CE requirement for brokers and salespersons sh all consist of a mandatory core curriculum. In meeting the CE requirements of the act, at least six (6) hours per renewal period or their equivalent sh all be completed in the core curriculum. A broker is expected to comply with the core curriculum requirement for their renewal. This core course will cover license law, escrow, aging and fair housing.

Credit: .5 hours - .5 lecture hours per week (6.5 contact hours)

Prerequisite(s): Valid real estate salesperson license

 

REP 125 CONTINUING EDUCATION/ELECTIVE COURSE

By Request

In meeting the CE requirements of the License Act of 2000, Article 5, Section 5-7(d), the CE requirement for brokers and salespersons sh all include at least six (6) hours per renewal period or their equivalent sh all be completed in the elective curriculum. This elective course will cover antitrust, residential brokerage, office and advertising regulations, and property management.

Credit: .5 hours - .5 lecture hours per week (6.5 contact hours)

Prerequisite(s): Valid real estate salesperson license

 

REP 219 CONTRACTS AND CONVEYANCES

By Request

Contracts and Conveyances sh all consist of a minimum of 15 class hours and sh all be mandatory for all broker candidates. The course will include instruction in deeds, fixtures, contracts, closings, foreclosure and redemption, land use controls, landlord/tenant relationship, cooperative, and condominiums.

Credit: 1 hour – 1 lecture hour per week.

Prerequisite(s): Valid real estate salesperson license

 

REP 220 BROKERAGE ADMINISTRATION

By Request

Brokerage Administration sh all consist of a minimum of 15 class hours and sh all be mandatory for all broker candidates. The course will include instruction in Illinois real estate law and licensure, listings, title search, closing, contract forms, and the broker/salesperson relationship.

Credit: 1 hour – 1 lecture hour per week.

Prerequisite(s): Valid real estate salesperson license

 

REP 221 REAL ESTATE PRINCIPLES

By Request

Fundamental principles and transactions in real estate sales. Includes ownership concepts; title search and transfer; dwelling types; land-use controls and development; finance, taxes, and liens; deeds, mortgages, contracts, and leases; insurance; ethics; fixtures, acknowledgements; broker-client, broker-employee, and broker-lawyer relationships; listings; and the Illinois Real Estate Brokers and Salesman Licenses Act of 1973.

Credit: 1 hour - 1 lecture hour per week. (15 contact hours)

Prerequisite(s): Valid real estate salesperson license

 

REP 222 REAL ESTATE APPRAISAL

By Request

Principles and techniques of real estate appraisal.

Credit: 1 hours - One lecture hours per week. (15 contact hours)

Prerequisite(s): Valid real estate salesperson license

 

REP 223 REAL ESTATE FINANCING

By Request

Includes types and sources of financing, foreclosure, insurance, taxation, and appraisals for financial purposes.

Credit: 1 hour - One lecture hour per week. (15 contact hours)

Prerequisite(s): Valid real estate salesperson license

 

REP 224 IL I STANDARDS OF PROFESSIONAL PRACTICES

By Request

Course is designed to satisfy the requirement of Illinois I for individuals seeking state certification or licensure as a real estate appraiser. Course familiarizes students with the provisions and standard rules of the Uniform Standards of Professional Practice and state regulations. The Uniform Standards contain rules that govern professional appraisal practice. The Ethics Provision, the Competency Provision, and the Department Provision are examined in detail in relation to actual practices.

Credit: 1 hours - One lecture hours per week. (15 contact hours)

Prerequisite(s): None

 

REP 225 IL II FOUNDATION OF REAL ESTATE APPRAISAL

By Request

Course is designed to satisfy the requirements of Illinois II for individuals seeking state certification of licensure as a real estate appraiser. This is an introductory course to real estate appraising that provides an overview of the valuation process. Fundamental real estate appraisal principles and guidelines for professional appraisals are covered. Provides both entry level and the experienced appraisers with the basic elements of the appraisal process. Covers appraisal theory, concepts, procedures, and level of performance required of appraisers and demonstrates valuation techniques and analysis.

Credit: 2 hours - Two lecture hours per week. (30 contact hours)

Prerequisite(s): None

 

REP 226 IL III RESIDENTIAL REAL ESTATE APPRAISAL

By Request

Course is designed to satisfy the requirements of Illinois III for individuals seeking state certification or licensure as a real estate appraiser. Provides a working knowledge of appraisal procedures and techniques to estimate the value of single family residential properties. This is a follow-up on course to Illinois II. Instructs in the applications of the three approaches to value, neighborhood analysis, property inspection, construction, functional utility, measurements, quality, condition, and depreciation.

Credit: 2 hour - Two lecture hour per week. (30 contact hours)

Prerequisite(s): None

 

REP 227 IL IV REAL ESTATE APPRAISAL METHODS

By Request

This course is designed to satisfy the requirements of IL IV for individuals seeking state certification or licensure as a certified general appraiser. This course will cover basic evaluation procedures for appraising non-residential properties. Topics covered will be basic statistics, site evaluation, cost approval, sales comparison, income approach, and appraisal reports.

Credit: 2 hours - Two lecture hours per week. (30 contact hours)

Prerequisite(s): None

 

REP 228 IL V PRINCIPLES OF CAPITALIZATION

By Request

This course is designed to satisfy the requirements of IL V for individuals seeking state certification or licensure as a certified general appraiser. This course will cover over all rate development, gross income estimates, vacancy, and collection loss, operating expense estimates, direct capitalization, six functions of $1, reserves for replacement, lease analysis, cash flow estimates, and debt coverage ratio.

Credit: 2 hours - Two lecture hours per week. (30 contact hours)

Prerequisite(s): None

 

REP 229 IL E: APPRAISAL APPLICATIONS

By Request

This course is designed to provide participants with an understanding of the mathematical procedures used to analyze data to derive sound value estimates for income-producing properties. It will focus on the skills needed to solve appraisal problems, the ability to assess the significance of the data available to apply procedures to derive necessary information from the data and to interpret and test the reasonableness of mathematical conclusions.

Credit: 2 hours - Two lecture hours per week. (30 contact hours)

Prerequisite(s): None

 

REP 230 CONTINUING EDUCATION APPRAISAL RENEWAL

By Request

This course is designed for individuals seeking continuing education for appraisal licensure renewal. The course covers uniform standards of professional practices updates and updates on state regulations.

Credit: 2 hours - Two lecture hours per week. (Part A: 25 contact hours -USPAP and Part B: 3 contact hours of Fair Housing/Fair Lending)

Prerequisite(s): None

 

REP 231 IL VI: RESIDENTIAL REPORT WRITING

By Request

This course is a residential report writing course designed to provide a basic understanding of effective writing as it pertains to residential real estate appraisals. This curriculum is required for Illinois licensure as a certified residential appraiser. The course includes instruction in completing residential appraisal forms, cover narrative reporting relative to residential property, especi all y clarifying a form type appraisal; and methods and techniques in writing in a clear and concise manner.

Credit: 1 hour - One lecture hour per week. (15 contact hours)

Prerequisite(s): None

 

REP 232 IL VII: NON-RESIDENTIAL REPORT WRITING

By Request

This course is a non-residential report writing course designed to provide a basic understanding of effective writing as it pertains to non-residential real estate appraisals. This curriculum is required for Illinois licensure as a certified general appraiser. The course includes instruction in completing non-residentialappraisal forms; cover narrative reporting relative to non-residential property; andmethods and techniques in writing in a clear and concise manner.

Credit: 1 hour - One lecture hour per week. (15 contact hours)

Prerequisite(s): None