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Mon/Wed Class Start Dates |
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Tue/Thu Class Start Dates |
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January 25, 2010 - March 15, 2010 |
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January 12, 2010 - March 2, 2010 |
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April 12, 2010 - June 15, 2010 |
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March 23, 2010 - May 11, 2010 |
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June 28, 2010 - August 16, 2010 |
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June 8, 2010 - July 27, 2010 |
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August 30, 2010 - October 20, 2010 |
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August 17, 2010 - October 05, 2010 |
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November 15, 2010 - Jan. 3, 2011 |
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October 26, 2010 - Dec. 14, 2010 |
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Session 1
Introduction to Real Estate,
Real Property and the Law |
• Real Property, Real Estate and Personal Property
• Laws affecting Real Estate concepts of Home Ownership
• Ownership, Affordability and Insurance
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Session 2, 3 and 4
Real Estate Agency
and Brokerage |
• Contractual Relationships
• Fiduciary rights and obligations
• Illinois Agency
• Legal and ethical responsibilities of brokers and agents
• Anti Trust Laws
• Related Topics, Real Estate Brokerage Disclosure (1.5 hrs)
• Agency Disclosure
• Illinois Residential Real Property Disclosure Act
• Disclosure Statement
• Related Topics, Interests in Real Estate
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Session 5
Forms of Real Estate Ownership |
• Legal Descriptions
• Real Estate Taxes and Other Liens
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Session 6
Real Estate Contracts
and Titles |
Real Estate Contracts
• Contracts used in Real Estate
• Discharge of Contracts
Title
• Voluntary/Involuntary Alienation
• Transfer of Deceased Person's Property
• Title Records
• Related Topics
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Session 7 and 8
Illinois Real Estate License Laws |
• Real Estate License Act of 2000
• Purpose of Act
• Office of Banks and Real Estate
• Real Estate Licensing Requirements and Procedures
• Education
• Administrative Rules
• Related Topics |
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Session 9
Midterm
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• Practice exam which will be graded and reviewed in class on sections 1-8 |
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Session 10
Principles and Practice of Real Estate Financing |
• Mortgages, Deeds of Trust, Land Contracts
• Foreclosure
• Real Estate Financing Market
• Financing Techniques
• Straight and Amortized Loans
• Financing Legislation
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Session 11
Leases and Leasing |
• Leasing Real Estate
• Civil Rights Laws
• Regulation of the Rental Industry, Property Management
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Session 12
Real Estate Appraisal |
• The Appraisal Process
• Three Approaches to Value
• Land-use Controls and Property Development
• Zoning and Building Codes
• Subdivision
• Private Land-Use Controls
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Session 13
Fair Housing & Ethical Practices
and Environmental Issues |
Fair Housing and Ethical Practices
• Equal Opportunity in Housing
• Fair Housing Act and Practices
• Enforcement of the Fair Housing Act
• Implication for Brokers and Sales People
• Professional Ethics
Environmental Issues
• Radon, Asbestos and Lead
• Hazardous Wastes, Ground Water Contamination and Formaldehyde
• Underground Tanks
• Disclosure
• Related Topics
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Session 14
Closing the Real Estate
Transaction |
• Preclosing Procedures
• RESPA
• Closing Statements
• Prorations |
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Session 15
Final Exam
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