With commercial “real estate sales, leases, and developments” on the rise in the Chicago area, according to a recent survey, now is the time to get an Illinois real estate license.
The Commercial Real Estate Market survey for the second quarter of 2013 suggests that commercial developments “from office buildings and retail centers to medical office complexes and multi-family apartment communities” rose by 12 percent compared to this same time last year. Additionally, sales prices, commercial leases, and commercial rents climbed.
However, commercial real estate isn’t the only growing real estate market in Chicago. Though the state is ranked second highest in number of home foreclosures as of June 2013, home sales are on the rise here and across the nation. In Chicago, the Illinois Association of Realtors indicated that sales averages were up nearly 15 percent over last year.
While no one can fully predict what will happen in the next few years, the experts expect the real estate market to continue to flourish as the economy grows. Even more interesting, a U.S. News and World Report post reported that the 2011 U.S. Bureau of Labor Statistics (BLS) reported the highest earners in the real estate sales market “worked in the metropolitan areas of Santa Barbara, Calif., Chicago, and Syracuse, N.Y.”
To sell real estate anywhere requires a license.
To do that you must be at least 18 years or age, have a high school diploma, and pass a state exam. Additionally, Mo Veissi, president of the National Association of Realtors (NAR) suggests that education is a vital element to being successful in real estate sales.
That’s why getting an Illinois real estate license now makes sense. Let the Chicago Real Estate Institute help you get started with the right education. Review our website, read our blog posts, and then contact us for further information.